Swastika Castal IPO: Casting Profits or Molten Hype?

1. At a Glance

Aluminium casting veteran Swastika Castal Ltd. raised ₹14.07 Cr via SME IPO at a fixed price of ₹65/share. Fully fresh issue. The IPO saw 3.48x overall subscription with strong retail demand (5.52x). Will this casting company solidify your portfolio?

2. Introduction with Hook

From railway parts to compressor housings — Swastika Castal molds molten aluminium into mission-critical components. Now, it’s molding an IPO dream. But is this metal marvel priced for long-term value or just a well-cast illusion?

• IPO Size: ₹14.07 Cr
• IPO Price: ₹65 (Fixed)
• Lot Size: 4,000 shares = ₹2.6L minimum
• Retail Subscription: 5.52x
• EPS (Post): ₹3.23 → P/E: ~20.1x

3. Business Model (WTF Do They Even Do?)

Swastika Castal is an aluminium casting specialist, serving high-precision needs across:

• Electrical Equipment
• Railways & Diesel Engines
• Industrial Applications (compressors, insulators, etc.)

Casting Types:

• Sand Casting (up to 250 kg)
• Gravity Casting (up to 80 kg)
• Centrifugal Casting

X-Factor: In-house heat treatment = better quality control, less reliance on third parties.

4. Financials Overview