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Swastika Castal: Swastika Castal shares get listed at 3.08% premium!

Swastika Castal made a modest debut on the BSE SME today. The stock opened at ₹67 per share. This was just 3.08 percent higher than its issue price of ₹65.

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Swastika Castal shares made a modest debut on the BSE SME, opening at ₹67, just 3.08% above the issue price of ₹65. The IPO was open for subscription from Monday, July 21 to Wednesday, July 23.

Also Read: Tata group stock jumps after its net profits grow by 80.57% in Q1 FY26

Swastika Castal’s ₹14.07 crore IPO comprised a fresh issue of 21,64,000 equity shares with a face value of ₹10 each. There was no offer for sale. The IPO was subscribed 5.08 times on the final bidding day.

Swastika Castal Ltd., incorporated in 1996, manufactures high-quality aluminum castings using sand, gravity, and centrifugal casting methods. It specializes in complex designs and operates an in-house heat treatment facility to ensure precision, durability, and cost-effective production.

Also Read: Infra stock falls 6% despite reporting 23% YoY increase in net profits

The objective of Swastika Castal’s IPO is to raise funds for working capital requirements, general corporate purposes, and to meet public issue expenses, supporting the company’s overall business expansion and operational efficiency.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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