Swastika Castal was incorporated on June 10, 1996. The company began with aluminium casting through a foundry, a novel concept at the time. Today, it supplies ready-to-use cast components to reputed Indian firms and exports to Europe and the US, supported by advanced facilities and expert teams
| Bidding Dates |
|---|
| 21 Jul 2025 - 23 Jul 2025 |
| Subscription |
|---|
| 4.87x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,60,000 | 2 | 2 | 2000 | 2.2 M | ₹65 | 73.49 % | ₹140.7 M | RHP DOC |
Swastika Castal IPO SUBSCRIPTION STATUS
23 Jul '25Swastika Castal IPO overall subscription rate was 4.87 times the total available shares
Swastika Castal IPO retail subscription rate was 7.35 times in the retail segment
Swastika Castal IPO non-institutional investor subscription rate was 2.39 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Jul 2025 (Day 3) | 7.35x | 2.39x | - |
22 Jul 2025 (Day 2) | 4.26x | 1.29x | - |
21 Jul 2025 (Day 1) | 2.11x | 0.95x | - |
Swastika Castal FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 2.6 | 29.7 | 1.9 | 0.6 | 15.4% |
| FY24 | 0.6 | 22.8 | 1.9 | 1.1 | 10.9% |
| FY23 | 0.6 | 24.0 | 1.1 | 0.2 | 9.7% |
Swastika Castal IPO SUBSCRIPTION STATUS DETAILS
Swastika Castal had 2.2 M shares on offer
Swastika Castal IPO offer price was ₹65
Swastika Castal IPO minimum Investment was ₹260000
Swastika Castal IPO issue size was ₹ 140.7 M
Swastika Castal had a minimum lot size of 2000 Shares per application
Swastika Castal NUMBER OF SHARES ON OFFER
Swastika Castal IPO IMPORTANT DATES
| Issue Open Date | 21 Jul 2025 |
| Issue close Date | 23 Jul 2025 |
| Allotment Date | 24 Jul 2025 |
| Refund Date | 25 Jul 2025 |
| Demat Account Credit Date | 25 Jul 2025 |
| Listing Date | 28 Jul 2025 |
| Listing on Exchange(s) | BSE |
| Swastika Castal Allotment Status | Exchange/ Registrar |
Swastika Castal IPO subscription opened on 21 Jul 2025, and closed on 23 Jul 2025
IPO allotment for Swastika Castal was finalized on Thursday, 24 Jul 2025
IPO listing for Swastika Castal was on BSE on Monday, 28 Jul 2025
Swastika Castal IPO LISTING GAINS
| Issue Price (adjusted) | 65.0 |
| Listing Open Price | 67.0 |
| Listing Close Price | 66.8 |
| Listing Gain% | 3.1% |
| Current Gain% | 43.8% |
Swastika Castal Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Swastika Castal Ltd. | 93.5 | 76.3 | 23.3 | 0.9 | 2.1 | 12.7 | 7.5 | 36.2 | 19.4 | 3.3 | 24.6 | 4 | 24.6 |
| Bharat Forge Ltd. | 2265.2 | 108296.6 | 97.7 | 5.5 | 6.4 | 11.3 | 4.8 | 17010.3 | 10.9 | 1079.7 | 14.7 | 23.2 | 17.7 |
| AIA Engineering Ltd. | 4776 | 44569.8 | 35.1 | 1.8 | 10.1 | 15.8 | 14.9 | 4893.9 | 6 | 1270.2 | 19.7 | 136.1 | 19.7 |
| Indo-MIM Ltd. | 867.4 | 42888.8 | 18.9 | 10.9 | 4320.7 | 28.1 | 533.5 | 25.9 | |||||
| Happy Forgings Ltd. | 1906.2 | 17990.5 | 54.9 | 2.5 | 11 | 14.2 | 11.4 | 1577.1 | 9 | 301.6 | 12.8 | 34.7 | 21.6 |
| Ramkrishna Forgings Ltd. | 726.6 | 13138.1 | 122.9 | -1.6 | 3 | 2.2 | 1 | 4251.2 | 4.7 | 71.8 | -82.7 | 5.9 | -78.7 |
Swastika Castal INFORMATION ON IPO ISSUE
About Swastika Castal
Swastika Castal was incorporated on June 10, 1996. The company began with aluminium casting through a foundry, a novel concept at the time. Today, it supplies ready-to-use cast components to reputed Indian firms and exports to Europe and the US, supported by advanced facilities and expert teams
Object of the Issue
- Capital expenditure for plant & machinery and construction of shed & building
- Working capital requirements
- General corporate purpose
Swastika Castal - PROMOTERS
| Name |
|---|
| Varun Sharda |
| Indra Sharda |
Swastika Castal Book Running Lead Manager
Horizon Management Private Limited
smeipo@horizon.net.co
Swastika Castal Registrar to the issue
Accurate Securities & Registry Private Limited
swastika.ipo@accuratesecurities.com
Swastika Castal Strengths
R&D capabilities
R&D investments have optimized manufacturing, reduced material waste, and minimized post-production machining. This innovation highlights the company's leadership in efficient, sustainable practices and its commitment to adopting advanced technologies for competitive growth
Manufacturing capabilities
The company is a leader in aluminum casting, using diverse methods to meet industrial needs. Its sand-casting operations can produce complex, high-weight components up to 250 kg, ideal for intricate, one-off productions
Quality standards
The company has strategically diversified within the aluminum casting industry by investing in advanced machinery and testing facilities. It serves sectors like automotive, railways, and electricals across both domestic and global markets, including Europe and the U.S.A., demonstrating strong growth and adaptability
Swastika Castal Risks
Capital intensive
The company’s operations require significant capital for specialized machinery and raw materials like aluminium, which is subject to global price volatility. High upfront costs and fluctuating revenues can strain financial resources and impact operational stability
Licenses & approvals
The company’s operations depend on obtaining and maintaining required statutory and regulatory approvals. Any failure to secure or renew these could negatively impact its business and financial results
Expansion risks
Delays or cost overruns in the proposed expansion, including setting up facilities or procuring machinery, could adversely impact the company’s financial condition, operations, and growth prospects
IPO FAQs
The promoters of the company are Varun Sharda and Indra Sharda.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 65.0 - 65.0.
The IPO application opens on Jul 21, 2025 and closes on Jul 23, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 260,000.0, the maximum value for this IPO is Rs 260,000.0.
This IPO will be allotted on Jul 24, 2025.
The refund will be credited to your account on Jul 25, 2025.
The allotted shares will be credited to your demat on Jul 25, 2025.
Swastika Castal Ltd.’s shares listed on the stock exchanges on Jul 28, 2025.