Swastika Castal IPO
Swastika Castal Limited · Aluminium Casting
- Issue price
- ₹65per share
- Issue size
- ₹14.07 Cr21,64,000 shares
- Face value
- ₹10per equity share
- Lot size
- 2,000 sharesMin. ₹1.3 L at the upper price
- OpensMon, 2025
- ClosesWed, 2025
- AllotmentThu, 2025
- ListingMon, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Fixed price, fresh issue
- Fresh issue
- 21,64,000 shares (₹14.07 Cr)
- Offer for sale
- None
- Total issue
- 21,64,000 shares (₹14.07 Cr)
- Market maker portion
- 1,10,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 100.00% → 73.49%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail47.5%
- NII47.4%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 10,28,000 | 50.05% | 50% |
| Non-institutional investors (NII) | 10,26,000 | 49.95% | 50% |
| Market maker | 1,10,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹65 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 4,000 | ₹2.6 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once it is added from a licensed data source.
Valuation
FY 2025- EPS (basic)
- ₹4.39
- EPS (diluted)
- ₹4.39
- P/E
- 14.80×
- RoNW
- 24.70%
- ROCE
- 32.74%
- NAV per share (March 31, 2025)
- ₹17.78
- NAV per share (After issue at issue price)
- ₹30.3
- Debt to equity
- 0.85
- EBITDA margin
- 15.36%
- PAT margin
- 8.88%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY ended March 31, 2025 | 31 Mar 2024FY ended March 31, 2024 | 31 Mar 2023FY ended March 31, 2023 |
|---|---|---|---|
| Revenue from operations | 29.66 | 22.77 | 24.01 |
| Total income | 30.31 | 23.35 | 24.41 |
| EBITDA | 4.55 | 2.48 | 2.33 |
| Profit after tax | 2.63 | 0.65 | 0.58 |
| Net worth | 10.67 | 8.03 | 7.39 |
| Reserves and surplus | 4.67 | 6.53 | 5.89 |
| Total assets | 30.83 | 23.82 | 26.24 |
| Total borrowing | 9.12 | 8.97 | 9.64 |
FY ended March 31, 2025 vs FY ended March 31, 2024: revenue +30.3%, profit after tax +305.5%.
Source: ProspectusUpdated
About the company
The company makes aluminium castings for industrial customers, including multinational corporates, using sand, gravity and centrifugal casting methods. It runs in-house heat treatment and testing facilities at a manufacturing unit in Vadodara, Gujarat, and also exports to Europe and the U.S.
- Incorporated
- 1996
- Sector
- Aluminium Casting
- CIN
- U27101WB1996PLC079995
- Website
- sclcasting.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Indra Sharda | Promoter | 39.29% | 28.87% |
| Varun Sharda | Promoter | 36.71% | 26.98% |
| Anuj Sharda | Promoter group | 10.16% | 7.47% |
| Anju Sharda | Promoter group | 5.00% | 3.67% |
| Varsha Sharda | Promoter group | 4.13% | 3.04% |
| Aloke Sharda (HUF) | Promoter group | 3.00% | 2.20% |
| Varun Sharda (HUF) | Promoter group | 1.71% | 1.26% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for plant and machinery and construction of shed and building | 5.00 |
| Working capital requirements | 5.50 |
| General corporate purposes | 1.60 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Swastika Castal LimitedIssuer | ₹4.39 | 14.80× | 24.70% | ₹17.78 |
| Thaai Casting Limited | ₹4.78 | 23.00× | 12.99% | ₹36.81 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Operates since 1996 with long-standing aluminium casting experience.
- Serves multinational and large corporate customers across electrical and railway sectors.
- Offers several casting processes, including sand, gravity and centrifugal casting.
- Has in-house heat treatment and quality testing facilities.
- Restated profit and net worth have grown over the three years shown.
Risks
- The company has no prior public market for its shares, so the price after listing is uncertain.
- Revenue is concentrated, with the top five customers making up about 80.69% of FY 2025 revenue.
- Part of the net proceeds depends on planned machinery purchases and a building that may change in cost or timing.
- Working capital needs may be met from borrowings if the issue proceeds fall short.
- A material civil litigation of about ₹ 33.40 lakhs is pending against a group company.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹65) appear here after the shares list on BSE SME.
Frequently asked questions
When does the Swastika Castal IPO open and close?
According to the Prospectus, the issue opens on Monday, 21 July 2025 and closes on Wednesday, 23 July 2025.
What is the Swastika Castal IPO price band?
The final issue price is ₹65 per share.
What is the lot size of the Swastika Castal IPO?
One lot is 2,000 shares, which is ₹1.3 L at ₹65 per share.
Where will Swastika Castal shares list?
On BSE SME. The tentative listing date is Monday, 28 July 2025.
Who is the registrar of the issue?
Accurate Securities & Registry Private Limited (SEBI registration INR000004173). Allotment status is checked on the registrar's website.
How will the money raised be used?
₹5 Cr for capital expenditure for plant and machinery and construction of shed and building, ₹5.5 Cr for working capital requirements, ₹1.6 Cr for general corporate purposes.