web analytics

Swastika Castal Limited opens its IPO for subscription on July 21st 2025, and ends on July 23rd 2025. It is a fixed-price offer with a total issue size of 21,64,000 equity shares, each with a face value of Rs.10, aggregating up to Rs.1,406.60 lakhs.

The price range is fixed at Rs.65 for a lot size of 2000, and is set to go public on July 28th 2025 on the Emerge platform of the Bombay Stock Exchange.

The company is engaged in the business of aluminum casting by setting up a foundry. It has been in this line of business since 1996 and over the years has developed a strong expertise in offering tailored casting products to domestic and international clients.

It also offers customized solutions through advanced casting techniques like sand casting, gravity die casting, and centrifugal casting has further strengthened its position as a preferred partner for global brands.

The company has built a strong reputation for delivering high-quality aluminium castings, earning the trust of several long-standing multinational corporations (MNCs) such as electrical and railways as its customers.

Table of Contents
Details Of Swastika Castal Limited IPO
Objectives of Swastika Castal Limited IPO
Financial Performance of Swastika Castal Limited
Industry Outlook
Strengths and Risks of Swastika Castal Limited
Strength:
IPO Subscription Details
Frequently Asked Questions: Swastika Castal Limited

Details Of Swastika Castal Limited IPO

ipo review swastika
  • Fresh Issue Size: It provides a fresh issue size 21,64,000 equity shares, each with a face value of Rs.10, aggregating up to Rs.1,406.60 lakhs.
  • Price Range: The bid price for each equity share is set at Rs. 65 per share.
  • Issue Type: The IPO is a Fixed-price issue.
  • Lot size: It provides a lot size of 2000. 
  • Subscription date: The issue period begins on July 21st 2025 and ends on July 23rd 2025.
  • Listing Date: The IPO is going to be listed on July 28th 2025.
  • Stock Exchange: The IPO is going to be listed on BSE (SME).

    • Objectives of Swastika Castal Limited IPO

    The company aims to utilize the net proceeds for capital expenditure for the acquisition of Plant & Machinery and Construction of Shed & Building, meet working capital, and for general corporate purposes.

     Also Learn: What is an IPO?

    Financial Performance of Swastika Castal Limited

    The table below (in lakhs) shows the restated Financial Information of the company over the last 3 fiscal years.

    Particulars  

    31.03.2025

    31.03.2024

    31.03.2023

    Share Capital

    600

    150


    150

    Total Net Worth

    1,066.98

    803.94

    738.51


    Revenue from operations

    2,966.12


    2,277.24


    2,401.09


    Profit After Tax

    263.49

    64.98

    58.47

    Industry Outlook

    The Aluminum industry is a prominent sector in India, and aluminum casting has always had a high demand due to its uses in various high-performance industries, including automotive manufacturing, electrical equipment, aerospace applications, and renewable energy systems.

    From April 2024 to January 2025, the world production of primary aluminum metal stood at 60.634 million tonnes, against world consumption of 60.229 million tonnes, resulting in a surplus of 0.405 million tonnes, and India accounted for 5.8% of its production.

    During January to March 2025, the world consumption of primary aluminum was expected to be 18.109 million tonnes against world production of around 17.879 million tonnes, implying a deficit of 0.230 million tonnes.

    With a robust growth mechanism, the aluminum casting market is projected to increase at a CAGR of 5.6% and reach 124.9 billion dollars by 2032.

    Strengths and Risks of Swastika Castal Limited

    Strength:

  • The company has been in the aluminum business since 1996 and has built a strong reputation for delivering high-quality aluminium castings.
  • The company deals in the production of Aluminum casting by implementing different casting techniques like sand casting, gravity die casting, and centrifugal casting that are used by various high-performance industries, including automotive manufacturing, electrical equipment, aerospace applications, and renewable energy systems.
  • It caters its services to many multinational corporations (MNCs) and also has the electrical and railway sectors as its customers.
  • The company has shown healthy financial growth over the last three fiscal years, increasing its profit after tax from Rs.58.47 lakhs in 31.03.2023 to Rs.2,63.49 lakhs as of 31.03.2025.
    • Weakness;
  • The company’s group company, Swastika Metcast Private Limited, has Been Incurring Losses and Has Negative Net Worth, Which May Adversely Impact Business and Reputation.
  • The company relies on the timely supply of its products from a few of its suppliers and has not entered into any long-term supply contracts; any disruption in the supply chain may adversely affect the company's operations and financial conditions.
  • Any changes in the general economic and business conditions in the markets in which the company operates and in the local, regional, and national & international economies may adversely affect the company's operations and financial conditions.
  • The aluminium casting and manufacturing business is inherently capital-intensive, requiring substantial financial investment to establish and maintain operations. Failure to meet capital requirements may adversely affect the company's operations and financial conditions. 
  • Any changes in laws and regulations that apply to the industries in which the company operates or any change in government polices may have an adverse impact on the business operations.

    • IPO Subscription Details

    The IPO offers a fresh issue size of 21,64,000 equity shares, each with a face value of Rs.10, aggregating up to Rs.1,406.60 lakhs. The bid price is at Rs. 65 per share for a lot size of 2000. The issue period begins from July 21st 2025, and ends on July 23rd 2025, and is scheduled to go public on July 28th 2025 on the SME platform of BSE.

    Expert Recommendations

    The aluminum sector is a thriving sector in India due to its global demand for its uses in various industries.

     With rapid manufacturing growth and the constant support of the Government, this sector has always had a high demand in India. The company has strong expertise in this sector since it has been in the business for more than two decades. 

    It has shown strong fundamentals and healthy financial growth over the last three fiscal years, but the company is also subject to many risks, as outlined in the RHP draft, and investors should carefully review the risks given in the document before investing.

    Key Takeaways

    The company aims to acquire Plant & Machinery and Construction of Shed & Building, meet working capital, and for general corporate purposes. It has shown strong expertise and healthy profits over the last three years, but is also subject to many risks, which the investor should outline before investing.

    Frequently Asked Questions: Swastika Castal Limited

    1. When is the Swastika Castal Limited IPO being listed?

    The IPO is set to go public on July 28th 2025.

    2. Is the Swastika Castal Limited IPO fairly priced?

    The basic and diluted P/E ratio is 14.80. The bid price is fixed at Rs.65 per share.

    3. Where else can we get more information about the Swastika Castal Limited IPO?

    You can get more information about the IPO on the BSE website

    1. https://www.ibef.org/news/india-becomes-second-largest-casting-producer-says-iif

    2. https://sclcasting.com/


    Also Learn About: Chemkart India Limited IPO