{"id":76057,"date":"2026-10-06T19:07:47","date_gmt":"2026-10-06T13:37:47","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2026\/10\/06\/best-cast-it-limited-files-drhp-with-nse-emerge-for-ipo\/"},"modified":"2026-10-06T19:07:47","modified_gmt":"2026-10-06T13:37:47","slug":"best-cast-it-limited-files-drhp-with-nse-emerge-for-ipo","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2026\/10\/06\/best-cast-it-limited-files-drhp-with-nse-emerge-for-ipo\/","title":{"rendered":"Best Cast IT Limited Files DRHP with NSE Emerge for IPO"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>Mumbai (Maharashtra) [India], October 6:<\/strong> <strong>Best Cast IT Limited<\/strong>, a Chennai-based maker of aluminium gravity die castings and assemblies, has filed its <strong>Draft Red Herring Prospectus<\/strong> with the <strong>Emerge Platform of the National Stock Exchange of India Limited (NSE Emerge)<\/strong> ahead of its Initial Public Offering. The company serving domestic and international customers in India, the United States of America and Germany across the <strong>Automotive, Power Generation, General Engineering, Railway &amp; Marine, and Valve &amp; Pump sectors<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The IPO will comprise a <strong>Fresh Issue of up to 36,00,000 equity shares<\/strong> with a face value of <strong>\u20b9 10 each<\/strong>, with no Offer for Sale component. The equity shares are proposed to be listed on the <strong>EMERGE Platform of the National Stock Exchange of India Limited<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The company will use the net proceeds for three things:<\/p>\n<ul class=\"wp-block-list\">\n<li>up to <strong>\u20b9 1,646.54 Lakhs<\/strong> of capital expenditure to buy machinery and equipment<\/li>\n<li>up to <strong>\u20b9 1,800.00 Lakhs<\/strong> to repay or prepay, in full or in part, some of its outstanding borrowings<\/li>\n<li>general corporate purposes<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The <strong>Book Running Lead Manager<\/strong> to the Issue is <strong>GYR Capital Advisors Private Limited<\/strong> &amp; <strong>Integrated Registry Management Services Private Limited<\/strong> is Registrar to the Issue.<\/p>\n<h2 class=\"wp-block-heading\"><strong>About Best Cast IT Limited<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">The late <strong>Mr. S. R. Kabirdass<\/strong> founded the company and incorporated it as <strong>Best Cast Private Limited on November 23, 1974<\/strong>. It was renamed as <strong>Best Cast IT Limited in 2000<\/strong> to reflect its use of CAD\/CAM technology. <strong>Mr. Kabirdass Murali, Promoter and Managing Director<\/strong>, leads the company today and has over <strong>38 years of experience<\/strong> in aluminium gravity die casting and precision engineering. He is supported by <strong>Mr. Shreyas M. Kabirdass, Promoter and Whole-Time Director<\/strong>, who represents the third generation of leadership at the company.<\/p>\n<p class=\"wp-block-paragraph\">The company handles the whole die-casting process in-house: <strong>process simulation and design engineering, new product development, tooling, alloy making, shell core making, gravity die casting (including tilt pouring), heat treatment, precision CNC machining, secondary finishing and inspection<\/strong>. This lets customers source finished components from a single supplier, ready to go straight into their production lines. Best Cast supplies more than <strong>340 components weighing from 0.18 kg to over 50 kg<\/strong>, and its customers include Tier-1 suppliers and original equipment manufacturers (OEMs). Its products include brake master and wheel cylinders, turbocharger compressor covers, cylinder heads, power steering housings, circuit-breaker housings and gear boxes, train air-suspension top plates, marine light housings and industrial fan blades and hubs.<\/p>\n<p class=\"wp-block-paragraph\">The company runs two manufacturing facilities at the <strong>Ambattur Industrial Estate in Chennai<\/strong>, covering about <strong>44,625 sq. ft. and 83,000 sq. ft.<\/strong> It holds <strong>ISO 9001:2015 and IATF 16949:2016 certifications<\/strong>. In <strong>Fiscal 2026<\/strong>, its installed capacity was <strong>3,282 tons for casting, 6,000 tons for Machining and 3,000 tons for alloy production<\/strong>, with capacity utilisation of <strong>68.43% Casting, 59.25% Machining and 70.23% alloy production respectively<\/strong>. Going forward, the company plans to win more domestic automotive and industrial business, including from electric vehicle manufacturers, and to increase its export revenue.<\/p>\n<p class=\"wp-block-paragraph\">For the period ended <strong>31st March 2026<\/strong>, the company reported <strong>Revenue from Operations of \u20b9 10,860.31 Lakhs, EBITDA of \u20b9 1,517.02 Lakhs &amp; PAT of \u20b9 750.41 Lakhs<\/strong>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], October 6: Best Cast IT Limited, a Chennai-based maker of aluminium gravity die castings and assemblies, has filed its Draft Red Herring Prospectus with the Emerge Platform [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":1},"categories":[4],"tags":[54],"class_list":["post-76057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/76057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=76057"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/76057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/76058"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=76057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=76057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=76057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}