Swastika Castal shares to list today. Check GMP ahead of debut

Synopsis

Swastika Castal is set to launch on the Bombay Stock Exchange SME platform on Monday. The Initial Public Offering saw good subscription numbers last week. The company reported strong financial growth for fiscal year 2025. However, the stock shows no grey market premium. The IPO consisted of fresh equity shares. The company specializes in aluminum casting for various industries.

Swastika Castal is scheduled to debut on the BSE SME platform on Monday after concluding a Rs 14.07 crore IPO that was subscribed last week. Despite robust financial growth in FY25, the stock is currently trading at a GMP (grey market premium) of Rs 0, indicating no premium over the issue price of Rs 65 per share ahead of listing.

The IPO, which ran from July 21 to July 23, was a fixed-price issue consisting entirely of fresh equity shares, totaling 21.64 lakh shares.

About the Company

Swastika Castal, incorporated in 1996, operates in the aluminum casting sector, specializing in sand casting, gravity casting, and centrifugal casting techniques.

The company produces a diverse range of castings used in electrical transmission equipment, railways, diesel engines, and general industrial applications.

Its in-house heat treatment facility and design capability enable Swastika Castal to offer end-to-end solutions, including high-quality, precise, and dimensionally stable aluminum components.

The company serves both domestic and international clients, leveraging a strategy that combines diversified products, sustainable operations, and technical innovation.

Financial Snapshot

The company reported a 30% jump in revenue to Rs 30.31 crore in FY25 and a 305% rise in net profit to Rs 2.63 crore, compared to the previous year.

Despite healthy financials and sectoral tailwinds, the absence of a grey market premium suggests muted sentiment ahead of listing.

Horizon Management was the lead manager, and Accurate Securities and Registry acted as registrar to the issue.

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