Swastika Castal IPO is a fixed price issue IPO, aiming to raise ₹14.07 crore. It comprises a fresh issue of 21.64 lakh equity shares. The bidding window was open from July 21, 2025, to July 23, 2025, with the IPO allotment to be finalised on July 24, 2025. Swastika Castal is scheduled to list on the BSE SME on July 28, 2025.
The IPO was priced at ₹65 per share with a lot size of 4000 shares. The public issue received bids for 1,04,34,000 shares against 20,52,001 shares available, resulting in an overall subscription of 5.08 times. Retail investors led the response, subscribing 7.75 times their quota, followed by NIIs at 2.42 times.
Swastika Castal' ₹14.07 crore IPO, priced at ₹65 per share, was subscribed 5.08 times overall. The IPO is a fresh issue of 21.64 lakh equity shares. Bidding took place from July 21 to July 23, 2025, with the Swastika Castal IPO allotment status on July 24, 2025. Retail investors subscribed 7.75 and NIIs 2.42 times. Listing is expected on July 28, 2025.
The table below breaks down the Swastika Castal share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,10,000 (5.09%) |
| NII (HNI) Shares Offered | 10,26,000 (47.46%) |
| Retail Shares Offered | 10,26,000 (47.46%) |
| Total Shares Offered | 21,62,001 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Non-Institutional Investors | 2.42 |
| Retail Individual Investors | 7.75 |
| Total shares | 5.08 |
Note: The subscription details are as of July 23, 2025
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.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 23, 2025, 11:27 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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