Tuesday, March 19, 2024
HomeBusinessThaai Casting Limited IPO Opens on February 15, 2024 - World News...

Thaai Casting Limited IPO Opens on February 15, 2024 – World News Network

PNN
Mumbai (Maharashtra) [India], February 13: Thaai Casting Limited a distinguished automotive component manufacturer, has announced its plan to go public with an Initial Public Offering on February 15, 2024. The company is aiming to raise Rs 47.20Crore on upper band price through this IPO, with shares set to be listed on the NSE Emerge platform.
The issue size is Up to 61,29,600 equity shares at face value of Rs 10 each.
Equity Share Allocation
– QIB Anchor Portion – Up To 17,34,400 Equity Shares
– Qualified Institutional Buyers (QIB) – Up To 11,56,800Equity Shares
– Non-Institutional Investors (NII) – Up To 8,67,200Equity Shares
– Retail Individual Investors (RII) – Up To 20,24,000Equity Shares
– Market Maker – Up To 3,47,200 Equity Shares
The net proceeds from the IPO will be utilized for Capital Expenditure Requirements, and General Corporate Expenses. The bidding for Anchor portion will open on February 14,2024 and close on the same day further IPO will open for public for subscription on February 15, 2024 and closes on February 20, 2024.
The Book Running Lead Manager to the Issue is GYR Capital Advisors Private Limited. The Registrar to the Issue is Purva Sharegistry (India) Private Limited.
Anandan Sriramulu, Chairman and Managing Director of Thaai Casting Limited said, “I am glad to announce our upcoming IPO. As we embark on this journey, we are committed to upholding the highest standards in our manufacturing processes, ensuring that our offerings continue to exceed expectations in quality and reliability. With a dedicated team and a robust installed capacity, we are well-prepared to seize opportunities in the market.
With the proceeds from the IPO allocated for capital expenditure and general corporate expenses, we are poised to enhance our manufacturing capabilities and further solidify our position in the automotive component sector. This IPO marks the beginning of an exciting journey towards sustained success and innovation in our industry.”
Mohit Baid, Executive Director of GYR Capital Advisors Private Limited said, “Thaai Casting Limited’s IPO represents a significant opportunity for the company. With its established track record and expertise in the automotive sector, Thaai Casting is well-poised for continued success. We believe this IPO not only presents an opportunity to expand its operations but also signifies confidence in the company’s future prospects. We are optimistic about the positive impact it will have on the industry landscape.”
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News


Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More