Thaai Casting IPO Receives Strong Subscription

Thaai Casting IPO Receives Strong Subscription

VoM News Desk | February 20, 2024 | 02:59 PM IST | Breaking News | Follow on Google News

Thaai Casting IPO Receives Strong Subscription/Company website

Thaai Casting IPO Receives Strong Subscription

Thaai Casting Limited’s initial public offering (IPO) has garnered significant investor interest.

The subscription status reached 234.38 times on the third day of the IPO, with positive responses from retail investors (276.60 times), non-institutional buyers (389.33 times), and qualified institutional buyers (44.34 times).

The company specializes in precision machining of ferrous and non-ferrous materials, induction heating, quenching, and high-pressure die casting for the automotive industry.

Thaai Casting’s IPO price band is set between ₹73 to ₹77 per share.

The estimated listing price, considering the grey market premium, is ₹145 per share.

VoM News Desk

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