Swastika Castal IPO to Open on July 21, 2025 - Check Issue Size, Price Band & Key Details
Swastika Castal Limited is launching its Initial Public Offering (IPO) on July 21, 2025. The bidding window for Swastika Castal IPO will be opened till July 23, 2025. The allotment is expected to be finalized on Thursday, July 24, 2025 and the company shares will be listed on BSE SME with a tentative listing date fixed as Monday, July 28, 2025.
IPO Details
The SME offering will be a fixed issue size of ₹14.07 crores, consisting of entirely a fresh issue of 21.64 lakh shares. The minimum lot size for application is 2,000 shares and the minimum investment amount for retail investors is ₹2,60,000 (4,000 shares). The issue price band is set at ₹65.
Horizon Management Private Limited is the book-running lead manager of the Swastika Castal IPO, while Accurate Securities & Registry Private Limited is the registrar for the issue. The market maker for the IPO is Horizon Financial Consultants Pvt. Ltd.
Utilisation of IPO Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Capital Expenditure for acquisition of Plant & Machinery and Construction of Shed & Building.
- Working Capital Requirements
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Swastika Castal Ltd. Business Overview
Swastika Castal Limited, incorporated in 1996 and headquartered in Vadodara, Gujarat, specializes in precision aluminium castings. It offers a wide range of casting services such as sand casting, gravity die casting, and centrifugal casting. It delivers high-quality, ready-to-use components to industries such as automotive, railways, power transmission, oil & gas, and textiles across India, Europe, Japan, and the USA.
In FY25, the company reported a revenue of ₹30.31 crore and net profit of ₹2.63 crore, up significantly from ₹23.35 crore and ₹0.65 crore in FY24.
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