The IPO, which ran from July 21 to July 23, was a fixed-price issue consisting entirely of fresh equity shares, totaling 21.64 lakh shares.
About the Company
Swastika Castal, incorporated in 1996, operates in the aluminum casting sector, specializing in sand casting, gravity casting, and centrifugal casting techniques.The company produces a diverse range of castings used in electrical transmission equipment, railways, diesel engines, and general industrial applications.
Its in-house heat treatment facility and design capability enable Swastika Castal to offer end-to-end solutions, including high-quality, precise, and dimensionally stable aluminum components.
The company serves both domestic and international clients, leveraging a strategy that combines diversified products, sustainable operations, and technical innovation.
Financial Snapshot
The company reported a 30% jump in revenue to Rs 30.31 crore in FY25 and a 305% rise in net profit to Rs 2.63 crore, compared to the previous year.
Despite healthy financials and sectoral tailwinds, the absence of a grey market premium suggests muted sentiment ahead of listing.
Horizon Management was the lead manager, and Accurate Securities and Registry acted as registrar to the issue.
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