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Business Standard
24-07-2025
- Business
- Business Standard
Swastika Castal IPO allotment today; check status, GMP, likely listing date
Swastika Castal IPO allotment status: The basis of allotment of shares of the initial public offering of Swastika Castal (Swastika Castal IPO) is likely to get finalised today, Thursday, July 24, 2025. The public issue received decent demand from investors, getting oversubscribed five times by the end of the subscription period on July 23, according to BSE data. Check the Swastika Castal IPO allotment status online - direct links Once the allotment is finalised, investors who have applied for the public issue can check the Swastika Castal IPO allotment status on the official websites of the BSE and Accurate Securities & Registry, the registrar for the offering. Check Swastika Castal IPO allotment status on Accurate Securities & Registry: Swastika Castal IPO details Swastika Castal IPO consists entirely of a fresh issue of 2.16 million equity shares worth ₹14.07 crore. The public issue was offered at ₹65 per share, with a lot size of 2,000 shares. The public issue was open for subscription from July 21 – July 23. The public issue received Swastika Castal proposes to use the IPO proceeds for capital expenditure for the acquisition of plant & machinery and construction of shed & building. The company will also use the proceeds for general corporate purposes. Accurate Securities & Registry is acting as the registrar to the issue, while Horizon Management is serving as the sole book-running lead manager. Swastika Castal IPO grey market premium (GMP) today listing estimate In the grey market, the company's unlisted shares were trading flat around ₹65 per share, the same as the IPO price, according to sources tracking grey market activities. Thus, the grey market premium (GMP) of Swastika Castal IPO remains nil on Thursday. Swastika Castal IPO listing date, listing forecast Shares of Swastika Castal are tentatively expected to list on the BSE SME platform on Monday, July 28, 2025. The current GMP trend suggests a flat listing for the company's shares. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for assessing the company's actual market performance. About Swastika Castal Swastika was established in 1996 and began operations with aluminium casting. At present, the company has advanced machining, inspection, and testing facilities in India, supported by a team of metallurgists and professionals. Swastika supplies castings as original equipment to companies in India and exports to parts of Europe and the USA.
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Business Standard
21-07-2025
- Business
- Business Standard
Swastika Castal IPO sees high demand on Day 1; check subscription data, GMP
The initial public offering (IPO) of aluminum casting player, Swastika Castal, has received decent demand among investors and got fully subscribed on the first day of subscription. The public offering has received bids for 23,62,000 equity shares against 21,62,001 shares on offer, resulting in an oversubscription of 1.09 times till 2:25 PM on Monday, July 21, according to data from the BSE. Swastika Castal IPO issue size, price band The ₹14.07 crore public issue consists entirely of a fresh issue of 2.16 million equity shares. The public issue is being offered at ₹65 per share, with a lot size of 2,000 shares. A retail investor can bid for a minimum of 2 lots (4,000 shares) and in multiples of 2,000 shares thereafter, with a minimum investment of ₹2,60,000. Swastika Castal IPO grey market premium (GMP) today In the grey market, the company's unlisted shares were trading flat around ₹65 per share, the same as the IPO price, according to sources tracking grey market activities. Thus, the grey market premium (GMP) of Swastika Castal IPO remains nil on Monday. Swastika Castal IPO objective According to the company's Red Herring Prospectus, the funds raised through the IPO will be used for capital expenditure for acquisition of plant & machinery and construction of shed & building. The company will also use the proceeds for general corporate purposes. Swastika Castal IPO allotment date, listing date The three-day subscription window will close on July 23. The basis of share allotment is expected to be finalised on July 24, with shares credited to successful applicants' demat accounts on July 25. Swastika Castal shares are scheduled to list on the BSE SME platform on July 28, 2025. Swastika Castal IPO registrar, lead manager Accurate Securities & Registry is acting as the registrar to the issue, while Horizon Management is serving as the sole book-running lead manager. About Swastika Castal Established in 1996, Swastika commenced operations with the objective of aluminum casting by setting up a foundry, which was a very unique concept at that time. Presently, the company has advanced machining, inspection, and testing facilities in India, backed by an efficient team of metallurgists and professionals. The company now supplies castings as original equipment (ready-to-use components) to reputed companies in India and also exports to parts of Europe and the USA.
