According to reports from The Hindu BusinessLine, Clastek Engineering Limited has filed its Draft Red Herring Prospectus (DRHP) with the NSE Emerge Platform for its initial public offering. The IPO will be structured as a fresh issue of up to 55 lakh equity shares with a face value of ₹10 each, representing the company's entry into the public markets through this specialized platform. The equity shares are proposed to be listed on the EMERGE Platform of the National Stock Exchange of India Limited.
As reported by The Hindu BusinessLine, the company plans to utilize the IPO proceeds for expansion of its existing manufacturing facility, repayment of debt, funding working capital requirements and for general corporate purposes. The company's objective includes capital expansion, repayment or prepayment, in full or in part, of certain borrowings availed by the Company, and general corporate purposes. This strategic approach aims to strengthen the company's operational capabilities and financial position while supporting its growth initiatives.
According to the reports, Clastek Engineering Limited, incorporated in 2008, operates as an integrated mould-to-component engineering company that builds moulds for customer product designs with in-house mould design, manufacturing and proving to customer specific requirements at par with Global standards. The company manufactures injection moulds, moulded components and fixtures from its facility at SIPCOT Industrial Park, Sriperumbudur, Tamil Nadu. In 2024, the company diversified into fixtures for the EMS industry, alongside assembly fixtures and tools, and also provides preventive and breakdown services for fixtures and tools. The company's products include automotive and farm equipment interior and exterior precision aesthetic components such as console and storage tray, sun visor twin-shell, door trim parts, tractor instrument panels, shrouds, radiator grills and A-pillars, medical device housings and home appliances components, with the capability to manufacture large-dimension moulds of up to 2100 x 1600 mm.
As reported by The Hindu BusinessLine, the company maintains a order book of ₹31.89 crore across 37 customer orders, indicating a healthy pipeline of future business. For the period ended 31st March 2026, the company reported Revenue from Operations of ₹69.07 crore, EBITDA of ₹16.95 crore and PAT of ₹10.39 crore. The company operates from an approximately 3-acre site leased from SIPCOT, of which around 2 acres is available for expansion, and runs 24×7 operations on a three-shift system with 175 permanent employees, including 142 engineers and technicians, as of May 31, 2026. The company holds ISO 9001:2015 and IATF 16949 certifications and has exported both moulds and moulded components to the USA, Germany, Hungary since 2019 and to Brazil since 2020.
According to the reports, GYR Capital Advisors Private Limited has been appointed as the book-running lead manager for the IPO, while Cameo Corporate Services Limited has been designated as the Registrar. This professional team structure ensures proper oversight and execution of the public offering process. The company's products are utilized as components in the automotive and farm equipment sectors, positioning it in the manufacturing supply chain for these key industries, with export capabilities to international markets including the USA, Germany, Hungary, and Brazil.
