Archive · 23 Jul 2025
Swastika Castal IPO Over-Subscribed on Third Bidding Day
Imagine a company called Swastika Castal wants to raise money by selling shares.
This is like when a company goes public (IPO).
The IPO opened on July 21st and closes on July 23rd.
The shares are priced at ₹65 each.
By the third day, many people wanted to buy the shares - more than three times the number available!
The company makes aluminum parts.
The money raised will be used to buy machines, build structures, and help the company with its daily costs.
The price of shares in the gray market is the same as the IPO price.
Swastika Castal IPO was subscribed 3.65 times on the third bidding day.
The IPO price is set at ₹65 per equity share with a face value of ₹10.
The company is in the aluminum casting industry, using methods like sand, gravity, and centrifugal casting.
The IPO includes a fresh issue of 21,64,000 equity shares, totaling ₹14.07 crore.
The grey market premium (GMP) for the IPO was ₹0, indicating shares trading at the issue price.
- Who
- Swastika Castal Limited.
- What
- Swastika Castal IPO subscription status and details.
- When
- The IPO commenced on Monday, July 21 and will conclude on Wednesday, July 23.
- Where
- N/A
- Why
- To raise funds for capital expenditures and working capital.
- IPO Price
- ₹65 per equity share
- Face Value
- ₹10
- Subscription Status (Day 3)
- 3.65 times
- Fresh Issue
- 21,64,000 equity shares
- Total Issue Size
- ₹14.07 crore
- GMP
- ₹0