The Thaai Casting IPO is open for subscription until February 20, with a price range of ₹73 to ₹77 per share and a lot size of 1,600 shares. Thaai Casting Ltd. specializes in precision machining and aims to raise ₹47.20 crore through its IPO. The subscription commenced on February 15 and will conclude on February 20. Investors can bid for a minimum of 1,600 shares and multiples thereof. Thaai Casting Limited, led by promoters Anandan Shevaani, Sriramulu Anandan, and Chinraj Venkatesan, focuses on precision machining of ferrous and non-ferrous materials, induction heating and quenching, and high-pressure die casting. The SME IPO is a book-built issue of ₹47.20 crores, comprising entirely fresh issuance of 61.3 lakh shares. The IPO's objectives include covering issuance expenses, fulfilling general corporate needs, and funding capital expenditures. The registrar for the Thaai Casting IPO is Purva Sharegistry India Pvt Ltd, while GYR Capital Advisors Private Limited serves as the book running lead manager. Market makers Giriraj Stock Broking and Commodity Mandi are managing the IPO. As of day 1, the Thaai Casting IPO subscription stands at 1.49 times, with enthusiastic response from retail investors subscribing 2.62 times and non-institutional buyers subscribing to 85% of their portion, according to data available on chittorgarh.com. The company has received bids for 60,38,400 shares against the 40,48,000 shares offered.