Swastika Castal IPO

About Swastika Castal IPO

Swastika Castal IPO is a fixed price issue of ₹14.07 crore, consisting entirely of a fresh issue of 21.64 lakh equity shares. The IPO will open for subscription on July 21, 2025, and close on July 23, 2025. The allotment is likely to be finalised on July 24, 2025, with the shares expected to be listed on BSE SME on July 28, 2025.

The IPO price has been set at ₹65 per share. The minimum application lot size is 2,000 shares. Retail investors are required to invest in a minimum of 4,000 shares, amounting to ₹2,60,000. For High Net-worth Individuals (HNIs), the minimum investment is 3 lots or 6,000 shares, totalling ₹3,90,000.

Horizon Management Private Limited is acting as the book-running lead manager for the IPO. Accurate Securities & Registry Private Limited has been appointed as the registrar, and Horizon Financial Consultants Private Limited will serve as the market maker.

This IPO provides an opportunity for investors to participate in the growth of Swastika Castal Limited. For more details, refer to the company’s Draft Red Herring Prospectus (DRHP).

Industry Outlook

1. The capital goods sector nearly doubled its production value from US$ 27.58 billion in FY15 to US$ 51.55 billion in FY24. Engineering exports reached US$ 67.43 billion in FY25 (till October), showing strong global demand.
2. The electrical equipment market is expected to grow from US$ 52.98 billion in 2022 to US$ 125 billion by 2027 at a CAGR of 11.68%, with the domestic market targeting US$ 72 billion by 2025.
3. Machinery exports rose by 13% to US$ 10.19 billion (April–December 2023), and heavy equipment production reached US$ 29.38 billion in FY23, indicating increased global competitiveness.

Swastika Castal IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Funds will be used to purchase plant and machinery and for building a production shed to support business expansion.
2. A portion of the proceeds will meet day-to-day working capital needs to ensure smooth operations.
3. Any remaining funds will be allocated toward general corporate purposes to strengthen overall business growth.

About Swastika Castal Limited 

Swastika Castal Limited, incorporated on June 10, 1996, is a public limited company registered in Kolkata, West Bengal. The company operates its corporate office from Vadodara, Gujarat. Initially started with aluminium casting operations, Swastika Castal has grown into a leading manufacturer, supplying original equipment components to reputed Indian companies and exporting to Europe and the USA.

The company specialises in multiple casting methods, including sand casting, gravity casting, and centrifugal casting. Its sand casting unit can produce components up to 250 kg, ideal for complex and customised designs. The gravity casting process handles components up to 80 kg, offering high surface finish and dimensional accuracy. 

Centrifugal casting supports up to 70 kg, providing excellent density and mechanical strength due to uniform metal distribution. Swastika Castal also operates an in-house heat treatment facility, ensuring better quality control, reduced lead time, and superior mechanical properties. 

For additional finishing needs, the company partners with certified vendors for surface treatment processes. To ensure high-quality output, the company uses advanced testing systems, such as optical emission spectrometry in chemical labs, tensile and hardness testing in physical labs, and density index checks. 

Sand testing is also conducted to maintain casting accuracy. The company further integrates helium gas leak detectors and outsources X-ray and ultrasound testing to specialised partners. These non-destructive testing techniques help maintain product integrity and dimensional precision. 

With its advanced systems and a skilled team of professionals, Swastika Castal continues to cater to diverse industrial requirements globally.

How To Check the Allotment Status of Swastika Castal IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Swastika Castal IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Swastika Castal IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Swastika Castal IPO 

Registered office: 117A Chittaranjan Avenue, Kolkata700073, West Bengal,

India.

Phone: +91 63539-26282

E-mail:compliance@aluminiumcasting.net

Swastika Castal IPO Reservation

Swastika Castal IPO Lot Size

Swastika Castal IPO Promoter Holding

The promoters of the company include Varun Sharda and Indra Sharda.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Swastika Castal IPO

Swastika Castal IPO Prospectus

• Swastika Castal IPO DRHP

Swastika Castal IPO Registrar and Lead Managers

Swastika Castal IPO Lead Managers

• Horizon Management Private Limited

Registrar for Swastika Castal IPO

Accurate Securities & Registry Private Limited

• Contact Number: +91-79-48000319
• Email Address: swastika.ipo@accuratesecurities.com

Swastika Castal IPO Registrar