Swastika Castal Ltd IPO Opens July 21 - Check GMP, Lot Size

Swastika Castal Ltd has announced plans to go public. The aluminium casting company, based in Kolkata, has not only greatly improved its revenue and profits recently but it also presents massive growth potential. The company produces and supplies aluminium casting parts for a variety of industrial sectors in India and it has offered numerous quality solutions to different B2B markets, while bringing new casting technology to the Indian manufacturing sector. 

The price band of the IPO is at ₹65 per equity share, and with positive GMP of Swastika Castal IPO, this stock should not only list with a good earnings listing premium, but based on the Swastika Castal IPO GMP today - there is already excitement among retail and institutional investors in the Swastika Castal IPO and market followers are eagerly looking ahead to a public offering prospect in the aluminium casting domain.

IPO Dates for Swastika Castal Ltd

The Swastika Castal Ltd IPO is scheduled to open on July 21, 2025, and close on July 23, 2025. The Board of Allotment (BoA) date is expected to be announced by July 24, 2025, with listing planned for July 28, 2025.

IPO Details Summary

Investors are closely monitoring the GMP of Swastika Castal IPO, which currently shows strong demand ahead of listing. This IPO is also part of the growing Swastika Castal IPO list on the BSE and NSE platforms.

About Swastika Castal Ltd

Swastika Castal Ltd, headquartered in Kolkata, is a key player in the manufacture of aluminium castings and millings and specializes in precision engineering solutions for a variety of industrial applications, including automotive. The company's location in Kolkata, a prominent centre of production and commerce in India, provides easy access to raw materials, skilled labor, robust logistics, and positions the company for expansion in the growth opportunities within the aluminium foundry and precision engineering markets in India. In addition to its aluminium casting processing facilities, Swastika Castal Ltd has provided specialized solutions and services, consistent with its goals of production excellence, quality assurance, and customer satisfaction. 

Announced September 18, 2023, the company is seeking ₹13.35 crores through an IPO, for its current and future expansion plans, modernize equipment and facilities, and strengthen working capital to grow the company. With current investor interest, and a favourable market sentiment, Swastika Castal Ltd is well positioned to take advantage of the expanding demand in the aluminium casting space, and further solidified its position in the space as a key player in the sector.

Financial Performance of Swastika Castal Ltd

The company has shown strong financial performance with consistent revenue growth and improving profitability across key metrics:

Performance Analysis

Swastika Castal Ltd, has had positive growth with assets remaining stable at ₹30.8 Cr (Mar-25), and revenue grew from ₹23.4 Cr (Mar-24) to ₹30.3 Cr (Mar-25). Profit after tax has increased significantly from ₹0.6Cr (Mar-23) to ₹2.6 Cr (Mar-25) which demonstrates excellent change in profitability. EBITDA has increased from ₹2.3 Cr to ₹4.6 Cr, which demonstrates well-run operations and outstanding controls on costs. Swastika Castal Ltd also derives net worth that increased gradually to ₹10.7 Cr, which is an indicator of overall financial health. The company has also kept borrowings under control at ₹9.1 Cr, which demonstrates prudent financial management and effective expansion endeavors.

IPO Share Reservation

The IPO share allocation follows standard SEBI guidelines for main board listings:

Strengths

• Revenue growth from ₹23.4 Cr to ₹30.3 Cr indicates a strong business model and acceptance in the aluminium casting space.

• PAT increased considerably from ₹0.7 Cr to ₹2.6 Cr indicates strong operational efficiency and profit margin improvements.

• EBITDA increased from ₹2.3 Cr to ₹4.6 Cr indicates strong operational efficiency and cost control.

• The company has a steadily increased net worth of ₹7.4 Cr to ₹10.7 Cr indicates strong financial foundation and value creation for shareholders.

• Proximity to Kolkata indicates a skilled workforce and developed ecosystem in the area provide support frameworks.

• There are a number of application segments from automotive to industrial machinery to specialty casting jobs.

• India's manufacturing and automotive sector demand is driving growth in aluminium casting products.

Risks

• The casting industry is subject to changes in aluminum prices which can have an impact on raw material prices and profit margins alike.

• There is high competition as established brands in casting have established brand recognition and distribution in the aluminum casting market.

• Heavy reliance on certain industrial segments could also effect revenues as demand can decline in its core buyer markets.

• Technology is changing quickly and there are ongoing, required investments in and development of sophisticated casting equipment and capabilities. 

• Changes in public policy on industrial regulations or environment regulations could affect manufacturing.

• The company has moderate levels of debt that can be managed but need to be managed carefully to enable positive growth.

How to Apply for Swastika Castal Ltd IPO?

Step-by-step guide (when IPO opens):

1. Log in to your broker app (Zerodha, Angel One, Groww, etc.)
2. Navigate to the IPO section and select Swastika Castal Ltd IPO
3. Click "Apply"
4. Enter:
   • Lot size (2,000 shares minimum)
   • Bid price (₹65 or select Cut-Off)
   • Your UPI ID
5. Submit the application
6. Approve the UPI mandate in your UPI app (PhonePe, GPay, etc.)

⏰ Important: The mandate must be approved before 5 PM on the same day or before the IPO closes.

How to Check Swastika Castal Ltd IPO Allotment Status?

You can check the Swastika Castal Ltd IPO allotment status through BSE/NSE and the registrar portal once the IPO opens.

Check on BSE/NSE

• Visit the BSE or NSE official website
• Navigate to the IPO Allotment Section
• Select Swastika Castal Ltd IPO
• Enter PAN number or application number
• Submit details to get the allotment status

Check on the Registrar Portal

• Visit Accurate Securities & Registry Private Limited's website
• Select IPO allotment status
• Choose Swastika Castal Ltd IPO
• Enter PAN or application number
• Submit to check status

Company Address

Name: Swastika Castal Ltd
Address: 117A, Chittaranjan Avenue, Kolkata, West Bengal, 700073
Phone: +91 63539-26282
Email: compliance@aluminiumcasting.net
Website: https://sclcasting.com/

IPO Registrar

Name: Accurate Securities & Registry Private Limited
Address: 203, Shangrilla Arcade, Above Samsung Showroom, Shyamal Cross Road, Satellite, Ahmedabad - 380015, Gujarat
Phone: +91-7948000319
Email: swastika.ipo@accuratesecurities.com
Website: https://www.accuratesecurities.com/ipo-details.php

Conclusion

Looking at Swastika Castal Ltd from an investment perspective, it represents a strong growth opportunity backed by good financial results, revenue rose from ₹23.4 Cr to ₹30.3 Cr and PAT rose from ₹0.7 Cr to ₹2.6 Cr. With an IPO price of ₹65 and a total issue of ₹13.35 crore, combined with a strong GMP and historical subscription status, makes this more appealing now as a company to consider investing in the IPO. Furthermore, the company's location in Kolkata and the diversification of its product range across automotive, industrial and specialized casting offer an advantage in this competitive market. India’s aluminium casting market is growing and the aluminium demand from India's manufacturing and automotive sectors is rising, increasing domestic aluminium capability and dependence, improving economic independence effectively.

While the outlook for Swastika Castal Ltd is promising, investors must still pay attention to risks specific to the manufacturing sector including raw material prices and competitive market pressures. For moderate risk or growth investors seeking exposure to the aluminium casting sector, Swastika Castal Ltd is an exciting option given the recent Swastika Castal IPO GMP index moves and allotments. Ultimately, all investors should conduct thorough research to make informed decisions, and seek a financial advisor if they are not comfortable or familiar with any potential risks or exposures in equity markets. 

Disclaimer : This analysis is for educational purposes and not financial advice. Please consult a financial advisor before making investment decisions.

FAQs