The SME IPO segment remains active in July 2025, with several companies tapping the market for growth capital. One such offering is from Swastika Castal Ltd., which is set to open its public issue on July 21, 2025. Backed by strong sector demand and a focus on expansion, the company aims to attract investor interest through this fresh issue. As investor appetite for emerging businesses grows, IPOs continue to serve as a vital tool for capital formation. With varied opportunities across industries, careful evaluation remains key.
This article outlines key Swastika Castal Ltd. IPO details, including issue size, price, important dates, fund utilisation, financials, and industry outlook to help you assess its investment potential.
About Swastika Castal Ltd.
Founded in 1996, Swastika Castal Limited operates in the aluminium casting industry, serving various industrial applications. The company focuses on manufacturing high-quality aluminium castings using sand, gravity, and centrifugal casting processes.
It specialises in sand-casting for complex designs up to 250 kg and gravity casting up to 80 kg, ensuring excellent surface finish and dimensional accuracy. Swastika Castal also has an in-house heat treatment facility that enhances product quality, efficiency, and mechanical stability. Its product range includes components for electrical equipment and transmission, railways and diesel engines, as well as industrial applications such as air compressors and insulators.
The company’s key strengths lie in its diverse offerings, global reach, strong quality commitment, and experienced leadership. Headquartered in Kolkata, West Bengal, Swastika Castal continues to serve industrial clients with reliable and robust casting solutions.
Swastika Castal Ltd. IPO Details
Swastika Castal’s IPO is a fresh issue of 21.64 lakh shares, aiming to raise ₹14.07 crore. The proceeds will be used for capital expenditure, working capital, and general corporate purposes.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Mon, Jul 21, 2025 |
| IPO Close Date | Wed, Jul 23, 2025 |
| Tentative Allotment | Thu, Jul 24, 2025 |
| Initiation of Refunds | Fri, Jul 25, 2025 |
| Credit of Shares to Demat | Fri, Jul 25, 2025 |
| Tentative Listing Date | Mon, Jul 28, 2025 |
| Cut-off time for UPI confirmation | 5 PM on July 23, 2025 |
Key IPO Details
| Particulars | Details |
| Face Value | ₹10 per share |
| Price Band | ₹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) |
| Reserved for Market Maker | 1,10,000 shares (aggregating up to ₹0.7150 Cr)
Horizon Financial Consultants Pvt. Ltd. |
| Net Offered to Public | 20,54,000 shares (aggregating up to ₹13.35 Cr) |
| Offer Type | Fixed Price IPO |
| Listing At | BSE SME |
| Shareholding (Pre-Issue) | 60,00,000 shares |
| Shareholding (Post-Issue) | 81,64,000 shares |
Lot Size of Swastika Castal Ltd. IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,60,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,40,000 |
Swastika Castal Ltd. Financials
Swastika Castal Ltd. reported a 30% increase in revenue and a 305% surge in profit after tax (PAT) between the financial years ending March 31, 2024 and March 31, 2025, highlighting significant year-on-year growth in both sales and profitability.
Key Performance Indicators (as of Mar 31, 2025)
- Return on Equity (ROE): 28.17%
- Return on Capital Employed (ROCE): 32.74%
- Debt-to-Equity Ratio: 0.85
- Return on Net Worth (RoNW): 24.70%
- PAT Margin: 8.88%
- EBITDA Margin: 15.36%
- Price to Book Value: 3.66
Company Financial Snapshot
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 30.83 | 24 | 26.24 |
| Revenue (₹ Cr) | 30.31 | 23.35 | 24.41 |
| Profit After Tax (₹ Cr) | 2.63 | 1 | 0.58 |
| EBITDA (₹ Cr) | 4.55 | 2 | 2.33 |
| Net Worth (₹ Cr) | 10.67 | 8 | 7.39 |
| Reserves and Surplus (₹ Cr) | 4.67 | 6.53 | 5.89 |
| Total Borrowing (₹ Cr) | 9.12 | 8.97 | 9.64 |
Swastika Castal Ltd.: Industry Outlook
- The company operates in the aluminium casting industry, which caters to critical sectors like automotive, electrical, and industrial applications.
- Aluminium casting is a key component in engineering due to its lightweight, corrosion resistance, and high strength-to-weight ratio.
- Rising demand for electric vehicles (EVs) and lightweight components in automotive manufacturing is expected to drive industry growth.
- The infrastructure and power sectors contribute significantly to the demand for aluminium cast components like insulators and transmission parts.
- Technological advancements in casting processes and heat treatment are improving quality, efficiency, and design capabilities.
- India’s manufacturing push and emphasis on localisation are further creating opportunities for domestic casting companies.
Use of IPO Proceeds
As a fresh issue, Swastika Castal Ltd. will use the IPO proceeds to support expansion and operational needs through the following:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Capital Expenditure for acquisition of Plant & Machinery and Construction of Shed & Building | 5 |
| 2 | Working Capital Requirements | 5.00 |
Conclusion
Swastika Castal Ltd.’s IPO reflects its ambitions to enhance production capacity and meet growing industry demand. With a consistent financial track record and sector-specific expertise, the company presents a compelling case for investors seeking exposure to India’s precision manufacturing segment.
However, as with any SME investment, it’s crucial to assess the company’s fundamentals and risks before applying. This IPO could be a meaningful addition for those with a long-term growth outlook and interest in industrial innovation.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
