Welcome to our in-depth analysis of the upcoming Swastika Castal Ltd. IPO, hitting the BSE SME platform soon. In this blog post, we’ll explore everything you need to know about this precision aluminium casting company, from its core business and Shariah compliance to its financial health and IPO specifics. Dive in to understand if this offering aligns with your investment strategy.
Table of Contents
1. About Swastika Castal Ltd.
Swastika Castal Ltd. (SCL) is a company dedicated to transforming aluminium into high-performance components, emphasizing precision and quality. With years of experience and cutting-edge technology, they deliver die-casting solutions to various power industries globally. SCL specializes in centrifugal, sand, or gravity die-casting, ensuring reliability from casting to ready-to-use components. They take pride in their “Make in India for Global Good” products and solutions.
2. What Swastika Castal Manufactures
Swastika Castal’s manufacturing capabilities encompass a range of processes vital for producing high-quality aluminium components. These include:
- Sand Casting
- Gravity Die Casting
- Centrifugal Casting
Beyond core casting, they also focus on development, stringent quality assurance, leak testing, and surface treatment facilities to deliver ready-to-use components.
3. Vision, Mission & Values
Vision: To establish themselves as a global leader in precision aluminium casting, driving innovation, sustainability, and unparalleled customer satisfaction.
Mission: To foster a pervasive quality culture across their entire value stream, consistently meeting and exceeding customer needs, and establishing themselves as a reliable and preferred partner in the industry.
Values: The company operates on principles of innovation, continuous adaptability, and sustainable practices. They aim to expand their presence both in India and global markets while minimizing their environmental footprint.
4. Shariah Compliance Status
Swastika Castal Ltd. is classified as Shariah Compliant.
Swastika Castal Ltd. successfully passes all six Shariah screening rules, making it a permissible investment from a Shariah perspective:
- Business Activity: The core business itself is compliant.
- Impermissible Income to Total Revenue: A very low 0.08%.
- Interest-Bearing Debt to Total Assets: Stands at 29.57%.
- Illiquid Assets to Total Assets: Ratio is 58.95%.
- Net Liquid Assets vs. Market Capitalization: Passes the required criteria.
- Non-Compliant Investments to Total Assets: Also passes the relevant screens.
5. Swastika Castal IPO Details
The Swastika Castal IPO is a Fixed Price IPO, indicating a set price per share, and will be listing on the BSE SME platform.
| IPO Details | Information |
| IPO Date | July 21, 2025 to July 23, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,64,000 shares (aggregating up to ₹14.07 Cr) |
| Listing At | BSE SME |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 81,64,000 shares |
6. Swastika Castal IPO Lot Size
For individual retail investors, the minimum application requires a bid for 2,000 shares, amounting to ₹1,30,000.
| Application | Lots | Shares | Amount (₹) |
| Individual investors (Retail) (Min) | 2 | 2,000 | 1,30,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | 1,30,000 |
| S-HNI (Min) | 3 | 3,000 | 1,95,000 |
| S-HNI (Max) | 8 | 8,000 | 5,20,000 |
| B-HNI (Min) | 9 | 9,000 | 5,85,000 |
7. Company Financials: Swastika Castal Ltd.
Swastika Castal Ltd. has demonstrated a positive financial trajectory. Their assets have consistently grown, from ₹26.24 Crore in March 2023 to ₹30.83 Crore by March 2025. Revenue has shown healthy growth, increasing from ₹24.41 Crore in 2023 to ₹30.31 Crore in 2025. A significant highlight is the nearly five-fold increase in Profit After Tax, from ₹0.58 Crore in 2023 to ₹2.63 Crore in 2025. Similarly, EBITDA has more than doubled, indicating improved operational efficiency. The company’s net worth has also strengthened, while total borrowing remained manageable.
| Period Ended | 31 Mar 2025 (₹ Crore) | 31 Mar 2024 (₹ Crore) | 31 Mar 2023 (₹ Crore) |
| Assets | 30.83 | 23.82 | 26.24 |
| Revenue | 30.31 | 23.35 | 24.41 |
| Profit After Tax | 2.63 | 0.65 | 0.58 |
| EBITDA | 4.55 | 2.48 | 2.33 |
| Net Worth | 10.67 | 8.03 | 7.39 |
| Reserves and Surplus | 4.67 | 6.53 | 5.89 |
| Total Borrowing | 9.12 | 8.97 | 9.64 |
8. Key Performance Indicators (KPI): Swastika Castal IPO
The market capitalization of Swastika Castal IPO is ₹53.07 Cr. Below are key performance indicators as of March 31, 2025.
| 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 |
9. Grey Market Premium (GMP) as on July 21, 2025, 9:56 PM:
The Grey Market Premium (GMP) for Swastika Castal IPO is currently ₹0 (0.00%). This indicates no premium or discount in the grey market at this time.
10. Objects of the Issue: Purpose of the IPO Funds
Swastika Castal Ltd. intends to utilize the Net Proceeds raised from the IPO for the following key objectives:
- Funding capital expenditure for the acquisition of Plant & Machinery and the construction of a new Shed & Building.
- Meeting the company’s working capital requirements.
11. Conclusion and Investment Resources
Swastika Castal Ltd. presents itself as a financially growing and Shariah-compliant company in the specialized aluminium casting sector. While the current GMP is ₹0, potential investors should evaluate the company’s strong fundamentals and the IPO’s objectives.
Opening a trading account is your first step. Consider these platforms:
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SEBI Disclaimer: Investment in securities markets are subject to market risks, read all the related documents carefully before investing. The information provided in this article is for educational and informational purposes only and does not constitute financial advice. Investors should consult with qualified financial professionals before making any investment decisions.