Swastika Castal IPO 2025: Date, Price, GMP, Review, Allotment Details
The Swastika Castal IPO, an SME IPO from Gujarat-based Swastika Castal Limited, aims to raise ₹14.07 crores through a fresh issue of 21.64 lakh equity shares. Set to open on July 21, 2025, this IPO offers investors a chance to invest in a company specializing in aluminum casting products. This article provides a detailed overview of the Swastika Castal IPO, including confirmed dates, price, grey market premium (GMP), allotment details, financial performance, and expert review to guide investors.
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Swastika Castal IPO Details
The Swastika Castal IPO is a fixed-price issue with a price of ₹65 per share, comprising a fresh issue of 21.64 lakh equity shares with a face value of ₹10. Below are the key details based on the DRHP and recent updates:
| Particulars | Details |
|---|---|
| IPO Opening Date | July 21, 2025 |
| IPO Closing Date | July 23, 2025 |
| Allotment Date | July 24, 2025 |
| Listing Date | July 28, 2025 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 4,000 shares |
| Issue Size | ₹14.07 crores (21.64 lakh shares) |
| Fresh Issue | ₹14.07 crores (21.64 lakh shares) |
| Offer for Sale | None |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Book Running Lead Manager | Horizon Management Private Limited |
| Registrar | Accurate Securities & Registry Private Limited |
| Market Maker | Horizon Financial Consultants Pvt. Ltd. |
The IPO allocates 47.50% to Retail Individual Investors (RII), 47.41% to Non-Institutional Investors (NII), and the remaining to other categories, with no retail quota specified for QIBs. The minimum investment for retail investors is ₹2,60,000 (4,000 shares), and for HNIs, it is ₹3,90,000 (6,000 shares).
Swastika Castal IPO Subscription Status
The subscription status for the Swastika Castal IPO will be updated daily during the subscription period from July 21 to July 23, 2025. Investors can track live subscription data on the BSE or the registrar’s portal (Accurate Securities & Registry).
| Category | Subscription (Times) |
|---|---|
| QIB | To be updated |
| NII (HNI) | To be updated |
| Retail | To be updated |
| Total | To be updated |
Note: Subscription data will be available during the IPO subscription period (July 21–23, 2025).
Swastika Castal IPO Allotment Status
The allotment for the Swastika Castal IPO is expected to be finalized on July 24, 2025. Investors can check their allotment status on the registrar’s website (Accurate Securities & Registry) or the BSE website using their application number, PAN, or DP Client ID. Shares will be credited to demat accounts by July 25, 2025, and refunds will be processed for non-allotted applications.
Steps to Check Allotment Status:
- Visit the Accurate Securities & Registry website (https://www.accuratesecurities.com/ipo-details.php).
- Select “Swastika Castal IPO” from the dropdown menu.
- Enter your Application Number, PAN, or DP Client ID.
- Click “Search” to view your allotment status.
Note: Allotment status will be available after finalization on July 24, 2025.
Swastika Castal IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) reflects the premium at which IPO shares trade in the unofficial market before listing. As of July 16, 2025, the GMP for the Swastika Castal IPO is not available, as grey market activity has not yet started. Investors should monitor updates closer to the IPO opening on July 21, 2025, for GMP trends.
| Date | GMP (₹) | Estimated Listing Price (₹) |
|---|---|---|
| July 16, 2025 | Not Available | Not Available |
| July 15, 2025 | Not Available | Not Available |
| July 14, 2025 | Not Available | Not Available |
| July 13, 2025 | Not Available | Not Available |
Disclaimer: GMP is unofficial and volatile. Base investment decisions on company fundamentals, not just GMP.
Swastika Castal IPO Kostak Rates Today
The Kostak rate is the premium an investor earns by selling their IPO application in the grey market before allotment. As of July 16, 2025, the Kostak rate for the Swastika Castal IPO is not available due to the absence of grey market activity. Check with grey market dealers for updates closer to the IPO opening.
| Date | Kostak Rate (₹) |
|---|---|
| July 16, 2025 | Not Available |
Swastika Castal IPO Subject to Sauda Rates
The Subject to Sauda rate is the amount agreed for an IPO application, payable only if allotted. As of July 16, 2025, the Subject to Sauda rate for the Swastika Castal IPO is not available, as grey market trading has not commenced.
| Date | Subject to Sauda (₹) |
|---|---|
| July 16, 2025 | Not Available |
Note: Kostak and Subject to Sauda rates are unofficial and may fluctuate as grey market activity begins.
About Swastika Castal Limited
Incorporated in 1996, Swastika Castal Limited is a Gujarat-based manufacturer of high-quality aluminum castings, specializing in sand, gravity, and centrifugal casting processes. Headquartered in Kolkata, the company operates a manufacturing facility in Gujarat and serves industries such as electrical equipment and transmission, railways, diesel engines, and industrial applications. Swastika Castal exports its products to Europe and the USA, catering to both domestic and international clients. The company is promoted by Varun Sharda and Indra Sharda, with Varun Sharda serving as the Promoter and Managing Director. Recent X posts highlight investor engagement events, such as a Zoom meeting scheduled for July 16, 2025, to discuss the company’s vision and IPO details.
Swastika Castal IPO Objectives
The net proceeds from the fresh issue will be used for:
- Capital expenditure of ₹5 crores for acquiring plant and machinery and constructing a shed and building.
- Working capital requirements of ₹5.5 crores.
- General corporate purposes of ₹1.6 crores.
Swastika Castal Financials
Swastika Castal has shown strong financial growth, with significant improvements in revenue and profitability. Below is a summary of its financial performance:
| Particulars | FY25 (₹ Crores) | FY24 (₹ Crores) | Growth (%) |
|---|---|---|---|
| Revenue | 30.31 | 23.35 | 29.81% |
| EBITDA | Not Available | Not Available | Not Available |
| PAT | 2.63 | 0.65 | 304.62% |
The company’s market capitalization is ₹53.07 crores, reflecting its growth potential in the aluminum casting sector.
Swastika Castal IPO Strengths
- Strong Financial Growth: 29.81% revenue growth and 304.62% PAT growth from FY24 to FY25.
- Export Market Presence: Supplies aluminum castings to Europe and the USA, diversifying revenue streams.
- Industry Demand: Serves high-demand sectors like electrical equipment, railways, and industrial applications.
- Experienced Management: Led by promoters Varun Sharda and Indra Sharda with a focus on quality and innovation.
- Manufacturing Expertise: Specializes in sand, gravity, and centrifugal casting, ensuring high-quality products.
Swastika Castal IPO Risks
- SME IPO Risks: Smaller scale and limited market visibility compared to mainboard IPOs.
- Industry Competition: Faces competition from larger aluminum casting manufacturers.
- Export Dependency: Reliance on international markets may expose the company to currency and trade risks.
- Limited Financial Transparency: Lack of EBITDA data limits valuation clarity.
- Market Volatility: SME stocks can be volatile post-listing, impacting short-term returns.
Swastika Castal IPO Review
The Swastika Castal IPO offers investors exposure to a growing player in the aluminum casting industry, with a strong financial performance reflected in 29.81% revenue growth and 304.62% PAT growth from FY24 to FY25. The company’s focus on high-demand sectors like electrical equipment and railways, combined with its export presence in Europe and the USA, positions it well for growth. X posts indicate investor interest, with events like the July 16, 2025, Zoom meeting highlighting the company’s vision. However, the SME nature of the IPO, lack of GMP data, and competition in the aluminum casting sector pose risks. The fixed price of ₹65 per share and a market cap of ₹53.07 crores suggest a reasonable valuation, but investors should be cautious of SME stock volatility. Long-term investors may find this IPO attractive for its growth potential, while short-term investors should assess market conditions carefully.
Recommendation: Suitable for long-term investors with moderate risk tolerance, but consult a financial advisor due to SME IPO risks.
How to Apply for Swastika Castal IPO
Investors can apply through ASBA (Applications Supported by Blocked Amount) or UPI via their bank or brokers like Zerodha, Upstox, or 5Paisa.
Steps to Apply:
- Log in to your demat account or broker’s platform.
- Navigate to the IPO section and select “Swastika Castal IPO.”
- Enter the number of lots (minimum 4,000 shares) at ₹65 per share.
- Provide your UPI ID or bank details for payment.
- Submit the application and approve the UPI mandate.
Check your broker’s IPO application process for detailed instructions.
Swastika Castal IPO FAQs
When does the Swastika Castal IPO open and close?
The IPO opens on July 21, 2025, and closes on July 23, 2025.
What is the price of the Swastika Castal IPO?
The IPO is priced at ₹65 per share.
What is the minimum investment for retail investors?
The minimum investment is ₹2,60,000 for 4,000 shares.
How can I check the Swastika Castal IPO allotment status?
Visit the Accurate Securities & Registry website (https://www.accuratesecurities.com/ipo-details.php), select “Swastika Castal IPO,” and enter your PAN, application number, or DP Client ID.
What is the GMP of the Swastika Castal IPO today?
As of July 16, 2025, the GMP is not available, as grey market activity has not started.
Where will the Swastika Castal IPO be listed?
The IPO will be listed on the BSE SME on July 28, 2025.
