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Swastika Castal IPO
Price Band
₹
Issue Size
₹14.07 Cr
Lot Size
2,000 shares
Min Investment
₹260,000
2 LOTS MIN
GMP
+₹10.0 (15.38%)
Issue Price
₹65.0
Subject to Sauda
₹15200
Paid only if allotted
Swastika Castal IPO AI Summary
- Swastika Castal IPO is listed on BSE SME in the Castings & Forgings sector.
- Subscription window: 21 Jul–23 Jul 2025, listing on 28 Jul 2025.
- Current GMP is +₹10.0 (15.38%) — unofficial and can change daily.
Swastika Castal Limited is set to enter the market with an IPO priced at ₹65.0 per share, aiming to raise ₹14.07 Cr. The company has shown a positive trend in revenue and profit, with a strong commitment to quality and diverse product offerings. Investors should consider the associated risks and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Swastika Castal IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Jul 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Swastika Castal IPO Grey Market Premium (GMP) Today
GMP
+₹10.0
GMP %
+15.38%
Est. Listing
₹75.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in 1996, Swastika Castal Limited is engaged in the business of aluminum casting. The company operates primarily in the manufacturing sector, focusing on producing high-quality aluminum castings through processes such as sand, gravity, and centrifugal casting. The company specializes in sand-casting for complex designs (up to 250 kg) and gravity casting (up to 80 kg) for precise, high-quality components with excellent surface finish and accuracy. The company has an in-house heat treatment facility, ensuring superior quality, efficiency, and cost-effectiveness with precise control over mechanical properties and dimensional stability. Products: Electrical Equipments and Transmission: Critical components for electrical equipments and transmission. Railways and Diesel Engines: Reliable and robust castings for transportation and heavy machinery. Industrial Applications: Includes air compressors, insulators, and general industrial applications. Competitive Strengths: Diverse Product Offerings Global Reach Commitment to Quality Leadership Expertise Sustainability Focus
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 30.83 | 23.82 | 26.24 |
| Total Income | 30.31 | 23.35 | 24.41 |
| Profit After Tax | 2.63 | 0.65 | 0.58 |
| EBITDA | 4.55 | 2.48 | 2.33 |
| NET Worth | 10.67 | 8.03 | 7.39 |
| Reserves and Surplus | 4.67 | 6.53 | 5.89 |
| Total Borrowing | 9.12 | 8.97 | 9.64 |
Key Ratios
EPS
₹4.39
NAV
₹17.78
ROE
28.17%
ROCE
32.74%
RoNW
24.70%
P/B Value
3.66
P/E Ratio
14.8
Market Cap
₹53.07 Cr
PAT Margin
8.88%
Debt/Equity
0.85
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Thaai Casting Limited | 12.99 | 36.81% | 107.15 | 4.78 | 4.78 |
| Swastika Castal Limited This IPO | 24.7 | 17.78% | 14.8 | 4.39 | 4.39 |
Promoters
Varun Sharda and Indra Sharda
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure for acquisition of Plant & Machinery and Construction of Shed & Building 5.00 2 Working Capital Requirements 5.50 3 General Corporate Purposes 1.60 4 Issue Expenses 1.97 Total 14.07
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹24.41 Cr in the year ending 31 Mar 2023, increasing to ₹23.35 Cr by 31 Mar 2024, and further rising to ₹30.31 Cr by 31 Mar 2025. This shows a positive trend in revenue over the periods analyzed.
Profit Trend
Profit after tax was ₹0.58 Cr for the year ending 31 Mar 2023, which grew to ₹0.65 Cr in the following year, and reached ₹2.63 Cr by 31 Mar 2025. This indicates a significant increase in profitability over the analyzed periods.
Valuation
At the issue price of ₹65.0, Swastika Castal Limited has an implied P/E ratio of 14.8, while peers like Thaai Casting Limited trade at a P/E of 107.15. This positions Swastika Castal at a significantly lower valuation compared to its peer group.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the expected listing price of an IPO in the stock market, based on unofficial trading before the shares are listed. A positive GMP indicates that investors anticipate the stock will list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions. It's essential to consider the company's fundamentals and market position.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid this IPO, as it involves inherent market risks and potential volatility.
IPO Timeline, Explained
The IPO opens for subscription on 21 July 2025 and closes on 23 July 2025. Allotment of shares will be finalized by 24 July 2025, with the listing date set for 28 July 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a positive GMP might suggest potential for listing gains, market conditions and investor sentiment can significantly affect the actual listing price. Investors should be prepared for the possibility of volatility on the listing day.
This evaluation is generated from Swastika Castal's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Swastika Castal IPO GMP today?
Swastika Castal IPO GMP today is +₹10.0 (15.38%). GMP is an unofficial grey-market indicator and can change daily.
When does Swastika Castal IPO open and close?
Swastika Castal IPO opens on 21 July 2025 and closes on 23 July 2025.
When does Swastika Castal IPO list on the stock exchange?
Swastika Castal IPO listed on 28 July 2025 at ₹75.0.
What is the lot size for Swastika Castal IPO?
The lot size for Swastika Castal IPO is 2000 shares, requiring a minimum investment of ₹260,000 (2 lots).
What is the issue price of Swastika Castal Limited's IPO?
The issue price is ₹65.0.
What is the minimum investment required?
The minimum investment required is ₹260,000.0.
What is the lot size for this IPO?
The lot size is 2000 shares.
When is the listing date for the IPO?
The listing date is 28 July 2025.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected premium of the stock over the issue price in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Jul 2025
Close
23 Jul 2025
Allotment
24 Jul 2025
Listing
28 Jul 2025
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