Swastika Castal Limited, incorporated in 1996 and headquartered in Vadodara, Gujarat, is a specialist aluminium casting manufacturer offering sand, gravity die and centrifugal casting processes. With nearly three decades of experience, it produces components ranging from 70 kg to 250 kg for electrical equipment, railways, diesel engines, automotive and industrial applications. The company boasts advanced in-house heat treatment and quality inspection facilities, a skilled metallurgical team and a global vendor network.
In this blog we will tell you how to check the allotment status of this IPO, what is its Grey Market Premium (GMP), and what has been the subscription status so far. It is important for every investor to know about their IPO allotment status; so that they know whether they have got shares or not. Now, let us discuss the key details of the IPO, its GMP and the process to check your allotment status.
Read Also: What is Grey Market, and How Are IPO Shares Traded?
Swastika Castal IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | July 21, 2025 |
| IPO Closing Date | July 23, 2025 |
| Issue Price | ₹65 per share |
| Total Issue Size | ₹14.07 Crores (21.64 lakh shares) |
| Listing Platform | BSE SME |
| Registrar | Accurate Securities & Registry Private Limited |
Important Dates for Swastika Castal IPO Allotment
| Event | Date |
|---|---|
| Tentative Allotment | July 24, 2025 |
| Refunds Initiation | July 25, 2025 |
| Credit of Shares to Demat | July 25, 2025 |
| Tentative Listing Date | July 28, 2025 |
Swastika Castal IPO Subscription Status
| Category | Shares Offered | Shares Bid For (Day 1) | Subscription (Day 1) |
|---|---|---|---|
| Retail Individual Investors (RII) | 10,28,000 | 79,56,000 | 7.74× |
| Non-Institutional Investors (NII) | 10,26,000 | 24,78,000 | 2.42× |
| Total (Public) | 20,54,000 | 1,04,34,000 | 5.08× |
| Market Maker | 1,10,000 | 1,10,000 | 1x |
| Anchor Investors | Not Applicable | – | – |
- Demand remained strong, with the RII portion subscribed 7.74×, demonstrating solid confidence from individual investors.
- Subscribed at 2.42×, while initially lower, demand recovered over the subscription period.
- The public offer closed at 5.08× subscription, signaling robust interest across all investor categories.
- A total of 2,242 applications were finally submitted.
Read Also: What is an IPO Subscription & How Does it Work?
Swastika Castal IPO GMP (Grey Market Premium)
The current grey market premium (GMP) of Swastika Castal SME IPO is recorded at ₹0. This simply means that there is neither much demand for this IPO in the grey market nor any special premium is being added to it. The issue price of the IPO is ₹65, and given the current GMP, no listing gain is expected based on the current GMP of ₹0.
1. What does GMP being ₹0 mean for investors?
The GMP being zero indicates that the market sentiment remains neutral about this IPO at the moment. This does not mean that the IPO is bad, but it is an indication that there is neither enthusiasm nor fear about it in the grey market. In such a situation, there is little hope of getting any big listing gains on the first day of the IPO. However, any investment decision should not be made just by looking at the GMP. Many factors like the company’s financials, subscription status and sector situation together present the real picture of an IPO.
2. Is it right to look only at GMP?
GMP is only an informal indicator, which reflects the current sentiment of the market. It can also change rapidly, especially when the market sentiments suddenly turn positive on listing day. Therefore, before investing, it is important to pay attention to the financial statements of the company, the background of the promoters and the long-term growth potential.
The GMP of Swastika Castal IPO is currently at ₹0, which shows that there is no special interest in the market about the IPO at the moment. GMP may change before listing, but it would be wise to take the final decision only after looking at the strengths of the company and the market trend.
Read Also: What are Qualified Institutional Buyers (QIB) in an IPO?
How to Check Swastika Castal IPO Allotment Status?
You can easily check the allotment status of Swastika Castal IPO online. There are two official ways for this – Registrar’s website and BSE’s website. Note that this IPO is being listed only on the BSE SME platform, so it is not possible to check allotment from NSE.
Method 1: Via Registrar’s Website
The easiest and most reliable way to check Swastika Castal IPO allotment is through the Registrar’s website.
How to:
1. Visit the official website of the Registrar.
2. Select “Swastika Castal Limited” from the IPO list.
3. Enter your details –
- PAN Number,
- or Application Number,
- or DP/Client ID
4. Click on “Submit”.
You will see your allotment status.
Method 2: Check from BSE website
You can also check the allotment status from the BSE website.
How to:
1. BSE official website: Click Here
2. Select the ‘Equity’ option.
3. Select “Swastika Castal Limited” from the dropdown.
4. Enter your PAN or Application Number.
5. Click on “Search” and view the allotment status.
What to Do After Allotment?
After getting the allotment of Swastika Castal IPO, you should pay attention to some easy steps, so that you can track your investment properly.
- If shares are allotted : If you have been allotted shares, they will start appearing in your Demat account by 25 July 2025. You can sell them on the day of listing or hold them for a long term.
- If shares are not allotted : If you do not get allotment, your money will be automatically refunded to your bank account in a few days.
- Pay attention to SMS and Email notifications : You will get information related to allotment from the registrar or your broker through SMS or email. Keep a regular check on them so that you can catch any discrepancy immediately.
Read Also: What is the IPO Allotment Process?
Conclusion
Investors have shown interest in Swastika Castal IPO, but as their overall current GMP is ₹0, no listing gains can be expected as of now. This means that the listing of the stock can happen around the issue price. In such a situation, investors who have got allotment should avoid taking hasty decisions and should decide keeping in mind the market trend on the day of listing. If allotment is not received, then your money will be unblocked. According to current indications, the IPO response has been ordinary, so be cautious before investing.
Frequently Asked Questions (FAQs)
What is the current GMP of Swastika Castal IPO?
Currently the GMP of Swastika Castal IPO is ₹0, i.e. there is no premium.
When will the Swastika Castal IPO allotment be declared?
The allotment status of Swastika Castal IPO will be released on 24 July 2025.
How can I check my IPO allotment status?
You can check the status by entering your PAN number on the BSE website or the Registrar’s website.
Is Swastika Castal IPO listing likely to be at a premium?
Currently the GMP is ₹0, so the chances of premium listing are low.
What happens if I don’t get the IPO allotment?
If you do not get the allotment, your money will be unblocked in a few days after the IPO listing day.
