Swastika Castal IPO Listing: The shares of Swastik Castal, which manufacture aluminum casting, entered the premium price on BSE SME today. The IPO, with the stomach of retail investors, received more than 7 times the dialect. Shares have been issued at a price of ₹ 65 under IPO. Today, it has entered ₹ 67.00 on BSE SME i.e. IPO investors got a listing gain of 3.08%. However, there is no significant movement in its shares right now. Currently, it is made on ₹ 67.00 (Swastika Castal Share Price) i.e. IPO investors are in 3.08% profit.
How will spend the money of Swastika Castal IPO
The Swastik Castle’s ₹ 14.07 crore IPO was opened for subscription from July 21-23. On the basis of retail investors, this IPO received good response from investors and overall it was subscribed to 5.08 times. Half of the half part reserved for retail investors was 7.75 times. Under this IPO, 21.64 lakh new shares with face value of ₹ 10 have been issued. Out of the money collected through these shares, ₹ 5 crore plant and machinery shopping and making sheds and buildings, ₹ 5 crore working capital needs and rest of the money will be spent on common corporate objectives.
About Swastika Castal
The Swastik Castle, built in the year 1996, creates aluminum casting of high quality. It mainly works in the manufacturing sector. Talking about the financial health of the company, it has been strongly strengthened. In FY 2023, it made a net profit of ₹ 58 lakh, which jumped in the next financial year 2024 to ₹ 65 lakh and in FY 2025 to ₹ 2.63 crore. During this time there was ups and downs in the company’s revenue. It received a revenue of ₹ 24.41 crore in FY 2023, ₹ 23.35 crore in FY 2024 and ₹ 30.31 crore in FY 2025.