Here are the full details of the Swastika Castal Limited IPO: This is a fixed‑price SME IPO priced at ₹65 per share, opening July 21, 2025, and closing July 23, 2025.
Founded: 1996; Kolkata-based aluminium casting specialist
Promoters: Varun Sharda & Indra Sharda (alongside family members)
Business: High-precision sand, gravity, and centrifugal aluminium castings (up to 250 kg sand-cast, 80 kg gravity-cast); caters to MNCs mainly in electrical & railways sectors
IPO Timeline
- Opening Date: Jul 21, 2025
- Closing Date: Jul 23, 2025
- Allotment Finalized: Jul 24, 2025
- Initiation of Refunds: Jul 25, 2025
- Credit of Shares to Demat: Jul 25, 2025
- Listing Date: Jul 28, 2025
IPO Details
- Issue Price: ₹65 per share
- Total Fresh Issue: 21.64 lakh shares (~₹14.07 Cr)
- Market Maker Portion: 1.10 lakh shares (~₹0.72 Cr)
- Net Public Issue:
20.54 lakh shares (₹13.35 Cr)
- Lot Size: 2,000 shares (₹1.30 L per lot); minimum application is 4,000 shares (2 lots – ₹2.60 L)
- Reservation: Retail (47.5%), Non-Institutional Investors (47.4%), Market Maker (5.1%)
- Issue Type: Fixed Price IPO
- Listing At: BSE SME
- Share Holding Pre Issue: 60,00,000 shares
- Share Holding Post Issue: 81,64,000 shares
GMP of Swastika Castal Limited IPO
The Grey Market Premium (GMP) for Swastika Castal Limited SME IPO, as of July 16, 2025, was ₹ 0, indicating no premium being quoted in the grey market.
This means grey‑market sentiments weren’t pushing up an expected listing gain beyond the ₹65 issue price.
Promoters of Swastika Castal Limited
Here’s a detailed overview of the promoters of Swastika Castal Limited based on the IPO prospectus and other official disclosures:
1. Varun Sharda
- Role: Promoter & Managing Director (DIN: 01571483)
- Age: Approximately 45 years (based on prospectus timing)
- Experience: Over 18 years in the aluminium casting sector, responsible for strategic and operational leadership
Shareholding:
- Pre‑IPO: 22,02,400 shares (36.71%)
2. Indra Sharda
- Role: Promoter (also likely part of executive board)
- Age: Approximately 63 years
- Experience: Instrumental in strategic growth; significant contributor to company’s development
Shareholding:
- Pre‑IPO: 23,57,200 shares (39.29%)
Promoter Group & Equity Distribution
- Pre‑IPO Total: Promoters + Promoter Group held 6,000,000 shares (100%)
- Post‑IPO Total: Promoters + Promoter Group will hold 6,000,000 shares (73.49%).
- Promoter group includes family members like Anuj, Varsha, Anju, HUF entitles, etc.
Professional Profiles
- Varun Sharda: Whole-time director since at least April 1, 2008, managing end-to-end operations
- Indra Sharda: Oversees strategic aspects with extensive experience influencing growth Together, they’ve built a track record through:
- Technology adoption: Sand, gravity, and vertical centrifugal casting, with in-house heat treatment
- Client base: Serving MNCs in electrical & rail sectors; exporting to Europe & USA
Swastika Castal Limited IPO Lot Size
Here’s a clear breakdown of the lot size and application structure for the Swastika Castal Limited IPO:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,60,000 |
| Retail (Max) | 2 | 4,000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,40,000 |
Summary
- Standard lot: 2,000 shares (₹130,000)
- Retail must apply: 4,000 shares (2 lots, ₹260,000)
HNI categories:
- Small HNI: min. 6,000 / max. 14,000 shares
- Big HNI: min. 16,000 shares
Swastika Castal Limited IPO Promoter Holding
Here are the details of promoter shareholding in Swastika Castal Limited before and after the IPO:
| Shareholder Group | Pre‑IPO Holding (%) | Post‑IPO Holding (%) |
|---|---|---|
| Promoters | 100.00 % | 73.49 % |
- Pre-IPO: Promoters held 100% of the equity prior to the public issue.
- Post-IPO: Following the IPO, the promoters’ stake reduces to approximately 73.49%.
About Swastika Castal Limited
Swastika Castal Ltd. (CIN U27101WB1996PLC079995) is a Kolkata‑based precision aluminium‑casting manufacturer, founded in June 1996.
The firm serves key industries—including electrical equipment, railways, diesel engines, textiles, automotive, and heavy machinery—and exports its products to Europe and the U.S.
Manufacturing Capabilities
- Processes: Sand casting (up to 250 kg), gravity die casting (up to 80 kg), and vertical centrifugal casting (up to ~70 kg).
- Facilities: In-house machining, inspection, heat treatment, and leak‑testing labs ensure stringent quality control.
- Certifications: ISO 9001:2008 quality management standard.
- Workforce & Reach: Employs around 79 staff, delivering over 500 components for 15+ clients.
Product Portfolio
1. Sand Castings
- For large and complex components (up to 250 kg)
- Used in heavy machinery and power sector parts
2. Gravity Die Castings
- Medium-sized parts (up to 80 kg)
- Used in automotive, electrical & diesel engine components
3. Centrifugal Castings
- Vertical casting for tubular and cylindrical parts (up to 70 kg)
- Used in textile machines, oil & gas, and railway equipment
Common Applications:
- Electrical equipment housings
- Railway engine & brake components
- Diesel engine parts
- Textile machinery
- Custom industrial machinery parts
- Export-grade precision components
Swastika Castal Limited Financial Information
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹30.83 Crore | ₹23.82 Crore | ₹26.24 Crore |
| Revenue | ₹30.31 Crore | ₹23.35 Crore | ₹24.41 Crore |
| Profit After Tax | ₹2.63 Crore | ₹0.65 Crore | ₹0.58 Crore |
| EBITDA | ₹4.55 Crore | ₹2.48 Crore | ₹2.33 Crore |
| Net Worth | ₹10.67 Crore | ₹8.03 Crore | ₹7.39 Crore |
| Reserves and Surplus | ₹4.67 Crore | ₹6.53 Crore | ₹5.89 Crore |
| Total Borrowing | ₹9.12 Crore | ₹8.97 Crore | ₹9.64 Crore |
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 28.17% |
| ROCE | 32.74% |
| Debt/Equity | 0.85 |
| RoNW | 24.70% |
| PAT Margin | 8.88% |
| EBITDA Margin | 15.36% |
| Price to Book Value | 3.66 |
Strengths of Swastika Castal Limited IPO
1) Experienced Promoters
- Over 18 years of industry experience in aluminium castings.
2) Diverse Casting Capabilities
- Sand, gravity die, and centrifugal casting under one roof.
3) Improving Financials
- Strong PAT growth and improved EBITDA & RoCE in FY25.
4) Export-Oriented Business
- Supplies to MNCs; exports to Europe and the U.S.
5) Integrated Infrastructure
- In-house machining, heat treatment, and quality testing facilities.
6) Strong Return Metrics
- RoNW at 24.7%, RoCE at 32.7% (FY25), and low debt ratio (0.85).
Risks of Swastika Castal Limited IPO
1) SME IPO Volatility
- Less liquidity and higher listing-day price fluctuations.
2) Client Concentration Risk
- Limited client base; reliance on few large customers.
3) High Working Capital Need
- Operations require significant cash flow for raw materials and machinery.
4) Competitive Industry
- Intense competition in casting and auto-parts sectors.
5) Geographical Dependency
- Manufacturing is concentrated in Gujarat; exposed to regional risks.
6) No Long-Term Contracts
- Business often depends on short-term or purchase-order-based work.
Swastika Castal Limited Contact Details
Here are the official contact details for Swastika Castal Limited, along with key registry information:
Company Contact Details
Registered Office (Kolkata)
- Address: 117A Chittaranjan Avenue, Kolkata, West Bengal, 700073, India
- Phone: +91 63539‑26282
- Email: swastika@aluminiumcasting.net
- Website: https://sclcasting.com/
Production/Factory Facility (Karjan, Vadodara, Gujarat)
- Address: Block‑535, Vemardi Road, Village Kandari, Taluka Karjan, Vadodara – 391 210, Gujarat, India
- Phone: +91 2666‑232481
- Fax: +91 2666‑233178
- Email: swastika@icenet.net
Registrar & IPO Contacts
- Registrar: Accurate Securities & Registry Pvt. Ltd. (Ahmedabad)
- Phone: +91 79‑48000319
- Email: swastika.ipo@accuratesecurities.com
- Lead Manager: Horizon Management Pvt. Ltd., Kolkata (also Market Maker via Horizon Financial Consultants Pvt. Ltd.)
Corporate Registry (Via MCA / ZaubaCorp)
- Registered Email (per MCA records): [email protected]
- Registered Address (ROC Kolkata): 117A Chittaranjan Avenue, Kolkata – 700073
Summary Table
| Entity | Contact Details |
|---|---|
| Registered Office (Kolkata) | Address, +91 63539‑26282, swastika@aluminiumcasting.net |
| Manufacturing Facility | Block‑535, Kandari, Vadodara; +91 2666‑232481; swastika@icenet.net |
| Registrar (IPO) | +91 79‑48000319; swastika.ipo@accuratesecurities.com |
| Corporate Registry (MCA) | [email protected]; 117A Chittaranjan Avenue, Kolkata |
Savy Infra & Logistics Limited IPO Details: Date, Price & Review
Monika Alcobev Limited IPO Details: Price, Dates & Review
Disclaimer: The content on this website is intended for informational purposes only and should not be interpreted as financial or investment advice. Engaging in stock market activities involves inherent risks, and outcomes can be unpredictable. While we strive to provide accurate and up-to-date information, we do not make any guarantees regarding the completeness or reliability of the content. Any investment decisions you make should be based on your own research and consultation with a qualified financial professional. We are not responsible for any financial gains or losses resulting from actions taken based on the information provided here. Always invest wisely and at your own risk.
