Swastika Castal
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 21 Jul 2025 – 23 Jul 2025
- Listing date
- 28 Jul 2025
- Face value
- ₹1 per share
- Issue price
- ₹65 per share
- Lot size
- 2,000 shares
- Issue type
- Fixed Price issue
- Listing at
- BSE
- Total issue size
- ₹14.07 Cr
- Market cap at offer price
- ₹53.07 Cr
- Promoter holding
- 100.00% → 73.49% pre-issue → post-issue
- ISIN
- INE0PTF01017
- Registrar
- Accurate Securities & Registry Pvt.Ltd.
- Lead managers
- Horizon Management Pvt.Ltd.
- Registered office
- 117A, Chittaranjan Avenue, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 1,10,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹65
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,30,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,60,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,10,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,40,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 4.39 | 3.23 |
| P/E (×) | 14.81 | 20.12 |
| Price to book (×) | 3.66 | — |
| Market cap | — | ₹53.07 Cr |
Key performance indicators
- Return on net worth
- 24.70%
- ROCE
- 32.74%
- Debt / equity
- 0.85
- PAT margin
- 8.88%
- EBITDA margin
- 15.36%
- NAV per share
- ₹17.78
- Price to book
- 3.66
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Swastika Castal
Swastika Castal Limited, incorporated on June 10, 1996, is a leading aluminum casting and manufacturing company with headquarters in Kolkata and operations in Vadodara, Gujarat. The company specializes in advanced aluminum casting through multiple processes (sand casting, gravity casting, centrifugal casting, and pressure die casting) and serves diverse high-performance industries including electrical equipment for transmission and distribution of power, railways, automotive, and industrial applications. The company has established itself as a reliable supplier to multinational corporations in both domestic and export markets (Europe, USA), backed by in-house advanced machining, inspection, and testing facilities, along with an experienced team of metallurgists and professionals. The company has consistently grown its business while maintaining ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
Company Analysis
from DRHPSwastika Castal Limited is an aluminum casting manufacturer serving electrical equipment, railway, and automotive sectors through specialized casting processes including sand, gravity, centrifugal, and pressure die casting.
Swastika Castal Limited, incorporated on June 10, 1996, is a leading aluminum casting and manufacturing company with headquarters in Kolkata and operations in Vadodara, Gujarat. The company specializes in advanced aluminum casting through multiple processes (sand casting, gravity casting, centrifugal casting, and pressure die casting) and serves diverse high-performance industries including electrical equipment for transmission and distribution of power, railways, automotive, and industrial applications. The company has established itself as a reliable supplier to multinational corporations in both domestic and export markets (Europe, USA), backed by in-house advanced machining, inspection, and testing facilities, along with an experienced team of metallurgists and professionals. The company has consistently grown its business while maintaining ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
Objects of the Issue
- Capital Expenditure for acquisition of Plant & Machinery and Construction of Shed & Building ₹500.00 lakhs p.89
- Working Capital Requirements ₹550.00 lakhs p.90
- General corporate purposes To be finalized, not to exceed 15% of Gross Proceeds or ₹10 crores whichever is less p.87
Issue Structure
- Total Issue
- Up to 21,65,000 Equity Shares of face value ₹10 each aggregating up to ₹[●] Lakhs
- Fresh Issue
- Up to 21,65,000 Equity Shares
- Offer for Sale
- Nil
- Price Band
- ₹[●] per Equity Share (to be determined)
- Lot Size
- [●] and in multiples of [●] thereafter; subject to a minimum allotment of [●] Equity Shares
- Face Value
- ₹10 per Equity Share
Business Model
The company generates revenue through manufacturing and sale of precision aluminum castings to original equipment manufacturers (OEMs) and component suppliers across electrical equipment, railways, automotive, pumps and motors, and industrial sectors. Revenue is split between domestic sales (approximately 64-68%) and exports (approximately 32-36%) primarily to Europe and USA. The company operates through specialized casting facilities and charges customers based on customized component requirements.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Varun Sharda | Promoter | 36.71% | — |
| Indra Sharda | Promoter | 39.29% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.