Swastika Castal IPO opens today. Check GMP, price band, issue size and other details
Despite a strong jump in FY25 profit, the IPO has drawn no premium in the grey market, signaling neutral sentiment from investors going into day one. Retail investors must apply for a minimum of 4,000 shares.
Explore courses from Top Institutes in
Select a Course Category
healthcare
Cybersecurity
Leadership
Data Analytics
Operations Management
CXO
PGDM
Artificial Intelligence
Product Management
Degree
Data Science
Healthcare
MBA
Public Policy
Design Thinking
Technology
MCA
Digital Marketing
Finance
Project Management
Data Science
Management
Others
Skills you'll gain:
Duration:
11 Months
IIM Lucknow
CERT-IIML Healthcare Management India
Starts on
undefined
Get Details
Horizon Management is the book-running lead manager, and Accurate Securities is the registrar. Horizon Financial Consultants will act as market maker.
About the company
Swastika Castal, incorporated in 1996, manufactures high-quality aluminium castings through sand, gravity, and centrifugal casting processes. The company caters to diverse industrial applications—ranging from electrical equipment and railways to air compressors and insulators.
It boasts in-house heat treatment capabilities and a focus on precision casting, offering solutions for complex geometries and high-performance parts.
Financial performance
The company reported a PAT of Rs 2.63 crore in FY25, up from Rs 0.65 crore in FY24. Revenue rose to Rs 30.31 crore, a 30% increase YoY. EBITDA stood at Rs 4.55 crore, with margins at 15.36%.
At the issue price, the company is valued at Rs 53.07 crore post-issue, translating to a P/E of 20.1x on FY25 earnings.
Proceeds from the issue will be used for capital expenditure on plant and machinery (Rs 5 crore) and working capital requirements (Rs 5 crore)
With a solid financial turnaround and growing sector demand, investors will be closely watching how the IPO fares despite a flat GMP.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
6 minutes ago
- India.com
8th Pay Commission: Basic salary may jump to Rs 51000? know salary structure for central govt employees like Clerk, Officer after revision
Currently, the question on every central government employee's mind is—when will the 8th Pay Commission come into effect? According to media reports, it could be implemented next year, although there is no official confirmation yet. What Is 8th Pay Commission? The salaries of government employees are revised periodically based on the recommendations of new Pay Commissions. As preparations are going on for the 8th Pay Commission, expectations are high that a major increase in basic pay will follow. How Much Can Minimum Basic Pay Increase? Under the 7th Pay Commission, the minimum basic salary is Rs 18,000. In the 8th Pay Commission, the fitment factor is expected to increase to 2.86 or more. Based on this, the new minimum basic salary could directly jump to around Rs 51,000. Component Current (Based on Rs 18,000 Basic) 8th Pay Commission (Based on Rs 51,000 Basic) Basic Salary Rs 18,000 Rs 51,000 Total Salary (Gross) Approx. Rs 31,500 Approx. Rs 89,000 DA (Dearness Allowance) Approx. Rs 6,120 Approx. Rs 17,340 HRA (House Rent Allowance) Approx. Rs 4,320 Approx. Rs 12,240 Total Income Increase – Approx. 2.8 times 8th Pay Commission Salary Structure Basic pay will increase significantly. All related allowances such as DA, HRA, TA, etc., will also rise accordingly. With the new basic pay, DA will reset to zero and start afresh. Pensioners will benefit too, as their pensions are calculated based on basic pay. Salary structures will change across all levels from Class-1 officers and clerks to peons. Estimated Basic Pay by Post (Under 8th Pay Commission): Position Estimated Basic Pay (8th Pay Commission) Peon / Level-1 Rs 51,000 Clerk Rs 55,000 – Rs 65,000 Group B Officer Rs 70,000 – Rs 90,000 Senior Officer / Level-10+ Rs 1,00,000+ It could result in an overall salary increase of around 30–34%, ensuring a significantly heavier paycheck.
Time of India
20 minutes ago
- Time of India
‘Nivasam' to provide safe stay for women at Kazhakkoottam
Thiruvananthapuram: The city corporation is set to extend 'Nivasam', a safe stay initiative for women at Kazhakkoottam, with a four-storey She Lodge due for inauguration by the end of the month. Tired of too many ads? go ad free now Built at a cost of approximately Rs 4.75 crore, the facility comprises 22 rooms, five of which are air-conditioned. Amenities include dedicated parking and other ancillary conveniences. Located near the corporation's zonal office, the facility is aimed at women and children visiting the area for interviews, examinations, or official personal errands. Medayil Vikraman, chairman of the corporation's public works standing committee, said that minister M B Rajesh would inaugurate the facility. "With Nivasam now extending to Kazhakkoottam, we are ensuring that women arriving in the city for work, education, or family reasons have access to safe, affordable accommodation in all key zones," he said. The other facilities located in Kadakampally and Thampanoor, serve a steady stream of women travellers, volunteers, students and low-income workers, many of whom come on short-term stays. With the Kazhakkoottam lodge the corporation expects improved housing access in north city areas, particularly servicing IT professionals and those visiting Technopark or nearby institutions.
Time of India
20 minutes ago
- Time of India
Govt facilities boosted industrial growth, GST collection: CM
Gandhinagar: Speaking at an event in Banaskantha district after unveiling development projects worth Rs 358.37 crore, chief minister Bhupendra Patel said that facilities provided by the govt have boosted industrial activity, which in turn has increased goods and service tax (GST) collection. He was referring to India's gross GST collection of Rs 2 lakh crore in May this year. The CM said, "Besides the fear of getting punished, people have started paying their taxes because they have realised that the tax money is being utilised for their welfare. Government schemes are benefiting every deserving citizen. This is the reason the country's tax revenue has increased in recent times." Patel said that facilities offered by the state govt are also contributing to the growth of industries and hence a resultant increase in GST collection. "India's GST collection was more than Rs 2 lakh crore in just one month (May). A trader can pay tax only when his business does well. You will need good roads, electricity and water connection at industrial estates for running a business. Only then will you earn well and eventually pay taxes. Therefore, facilities are also important," the CM said. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Among the projects inaugurated by the CM were a new bus stop, 45 school classrooms and three new power sub-stations of 66kV capacity each, an official statement said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo The CM also met and interacted with jawans of the Border Security Force at the border outpost (BOP) at Nadabet along the India-Pakistan border on Thursday. An official statement said the CM commended the jawans for the success of Operation Sindoor. The govt said that Nadabet in Banaskantha district has been developed as a border tourism site under the Seema Darshan scheme, and citizens have been able to witness the activities of BSF jawans closely under the scheme.
