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IPO Analysis > swastika-castal-bse-sme

 

Swastika Castal IPO Updates To Watch Before You Bid

Between April 2024 and January 2025, the world produced about 60.634 million tonnes of primary aluminium. During the same period, the global demand was around 60.229 million tonnes. 

At the same time, Swastik Pipe Limited, a trusted name in the steel and metal industry, is reaching a new milestone. It is giving the public a chance to be part of its growth journey with its IPO.

The Swastika Castal IPO lead manager of the company is Horizon Management. While the registrar of this IPO is Accurate Securities.

Check the DRHP for more Swastika Castal IPO details.

Note: The lock-in period will end in 30 days after there is an allocation of half of the shares. The rest become free from lock-in after 90 days.

Swastika Castal IPO: Company Profile

This quick guide breaks down all you need to know about Swastika Castal before you apply.

 

Particulars

Details

Established

1997

Registered Office 

Kolkata, West Bengal

Promoters

Varun Sharda and Indra Sharda

Products 

Air compressors, insulators, diesel engines, and electrical equipments 

Number of Employees

79

Competitors

Thaai Casting Limited


Exploring the Swastika Castal IPO

Here are the highlights that sum up why investors are talking about Swastika Castal’s IPO.

  • Swastika Castal IPO Date

These key IPO dates will help you follow each stage from bidding to refund and credit.


Event Description

Date

IPO Opens for Bidding

21 Jul 2025

IPO Closes for Bidding

23 Jul 2025

UPI Mandate Confirmation Deadline

23 Jul 2025

Finalisation of Share Allotment

24 Jul 2025

Refunds Begin

25 Jul 2025

Shares Credited to Demat Accounts

25 Jul 2025

Listing on Stock Exchange

28 Jul 2025

UPI Mandate Auto-Cancellation Date

7 Aug 2025

Anchor Investor Lock-In Ends (for 50% of Shares)

23 Aug 2025

Anchor Investor Lock-In Ends (for Remaining Shares)

24 Oct 2025


  • Swastika Castal IPO size

Know the size of the IPO and how it will support the company’s upcoming goals.


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue 

21,65,000

₹14.06 Crores

Offer for Sale

Overall Issue 

21,65,000

₹14.06 Crores


  • Objectives of the offer 

Here are the details about how Swastika Castal will spend the money. 


Particulars

Estimated Amount (₹ in Lakhs)

Purchase of Plant & Machinery and Construction of Building & Shed

Up to 500.00

Funds for Working Capital

Up to 550.00

General Corporate Expenses

Not Disclosed 


  • Other takeaways from the Swastika Castal IPO Price

Before applying, remember these key company points that show its price and listing stock exchange.

Particulars

Description

Face value of each share

Not Disclosed

Price Range

₹65

Listed At 

BSE SME


  • Categorisation of different investors 

See how investors are grouped into retail, HNIs, and QIBs with different bidding limits for each.


Particulars

Net Offer to Public

Market Maker Reservation Portion

Total Equity Shares Offered

21,65,000 Equity Shares

Not Disclosed 

% of Total Offer

Not Disclosed 

Not Disclosed

Minimum Application Size

- For Non-Individual Applicants: Total value over ₹2,00,000 

 - For Individual Applicants: Total value up to ₹2,00,000

Not Disclosed

Maximum Application Size

- For Non-Individual Applicants: Equity Shares not exceeding full Offer size, 

 - For Individual Applicants: Equity Shares not exceeding 2 lots

Not Disclosed



Click to open your demat now with top brokers and get a chance to do early IPO bidding with the demat account.

Swastika Castal IPO details: Key Financials 

Check out Swastika Castal’s latest financials like growth numbers, revenue, and profit insights.


Particulars

January 31, 2025 (₹ in Lakhs)

March 31, 2024 (₹ in Lakhs)

March 31, 2023 (₹ in Lakhs)

March 31, 2022 (₹ in Lakhs)

Equity Share Capital

150.00

150.00

150.00

150.00

Net Worth

1,000.35

803.49

738.51

680.04

Revenue from Operations

2,364.08

2,277.24

2,401.09

2,303.80

Restated Profit for the Year

196.86

64.98

58.47

60.74

Restated Basic Earnings per Share (Post Bonus)

3.28

1.08

0.97

1.01

Restated Diluted Earnings per Share (Post Bonus)

3.28

1.08

0.97

1.01

Restated Net Asset Value per Share (Post Bonus)

66.69

53.57

49.23

45.34

Total Borrowings

915.15

897.43

963.61

836.82


Metrics of Swastika Castal IPO 


Particulars

January 31, 2025

March 31, 2024

March 31, 2023

March 31, 2022

EBITDA Margin

16.75%

10.88%

9.69%

9.29%

PAT Margin (Profit as % of Revenue)

8.33%

2.85%

2.44%

2.46%

Return on Equity (ROE)

21.83%

8.43%

8.24%

9.35%

ROCE

25.97%

14.75%

14.62%

14.41%

Debt-to-Equity Ratio

0.91

1.12

1.30

1.23


Strengths and risks

Understand the pros and cons of Swastika Castal’s IPO including growth strengths, business risks, and more.


Strength


  • Known for following industry standards and quality rules

  • Experienced promoters who know the aluminium casting game well

  • Trusted by well-known clients in India and abroad

  • Strong in-house manufacturing with modern technology


Risks


  • Depends heavily on top 5 customers for most of the revenue

  • Only one factory, so local issues can slow things down

  • Promoters handle most client relationships and the company doesn't have a marketing team

  • Past trouble with compliance and depends on limited suppliers for raw materials

IPO Closing Soon: Is Swastika Castal IPO Worth the Rush?

With the GMP standing at zero, Swastika Castals IPO might remain flat or have a negative listing. This Swastika Castal Limited review highlights all the details that investors should know before bidding. Bid for the Swastika Castal IPO here!

FAQsSwastika Castal IPO Simplified For Investors

1. What is the Swastika Castal Ltd. date for IPO bidding?

The Swastika Castal Ltd. date for IPO bidding will be opening on 21 July 2025 and close on 23 July 2025. Make sure to apply within this window if you're interested.

2. What does the current Swastika Castal IPO GMP suggest?

The Swastika Castal IPO GMP is currently zero, which means the listing may be flat or even negative. Investors should review the fundamentals carefully before applying.

3. What will be the official Swastika Castal IPO price?

The Swastika Castal IPO price is set at ₹65 per share. Always confirm this on the official NSE/BSE site or the DRHP before placing your bid.

4. Does an investor need a demat account for the Swastika Castal IPO application?

Yes, having a demat account is mandatory to apply for the Swastika Castal IPO. Investors can open it with any online broker who is SEBI-registered.

5. Can retail investors apply for this SME IPO?

Under the latest SEBI rules, only applications of ₹2 lakh or more are accepted in SME IPOs. This effectively limits participation from small retail investors, as the minimum amount is now higher.