Super Iron Foundry IPO Details
SME
Super Iron Foundry IPO opens for subscription on 11 Mar 2025 and closes on 13 Mar 2025. The IPO will be listed on BSE with the tentative listing date set for 19 Mar 2025.
Super Iron Foundry IPO price band has been fixed at ₹108 – ₹108 per share.The face value is ₹10 per share with a lot size of 1200.
Super Iron Foundry IPO total issue size comprises 63,01,200 shares (aggregating up to ₹68.05 Cr). This includes a fresh issue of 63,01,200 shares (aggregating up to ₹68.05 Cr). Pre-issue shareholding stands at 1,70,92,473, which will increase to 2,33,93,673 post-issue.
Super Iron Foundry IPO carries a ₹3 (2.78%) GMP, reflecting investor sentiment.
Super Iron Foundry IPO Lot Size : Retail Minimum is 1 lot (1,200 shares) amounting to ₹129,600. Retail Maximum is 1 lot (1,200 shares) amounting to ₹129,600. HNI Minimum is 2 lots (2,400 shares) amounting to ₹259,200.
The Lead Managers for Super Iron Foundry IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Horizon Management Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Super Iron Foundry Limited RHP.
Super Iron Foundry IPO Details
Super Iron Foundry IPO Subscription
Super Iron Foundry IPO Application Wise Breakup
Super Iron Foundry IPO Dates
- 11 Mar 2025Opening dateOpen
- 13 Mar 2025Closing dateClose
- 17 Mar 2025Allotment Date Allotment
- 18 Mar 2025Initiation of RefundsRefund
- 18 Mar 2025Credit of SharesCredit
- 19 Mar 2025Listing dateListing
Super Iron Foundry IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹129,600 |
| Retail Maximum | 1 | 1200 | ₹129,600 |
| HNI Minimum | 2 | 2400 | ₹259,200 |
Super Iron Foundry IPO Reservation
Promoter Holding
Super Iron Foundry IPO Valuations
Super Iron Foundry Financial Information
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 226.62 | 232.32 | 209.2 | 197.75 |
| Revenue | 94.91 | 156.87 | 126.23 | 132.31 |
| Profit After Tax | 9.53 | 3.94 | 1.28 | 0.88 |
| Net Worth | 70.59 | 56.56 | 52.62 | 51.33 |
| Reserves and Surplus | 53.5 | 40.06 | 36.12 | 34.83 |
| Total Borrowing | 110.96 | 118.63 | 120.44 | 125.72 |
| Amount in ₹ Crore | ||||
About Super Iron Foundry IPO
Incorporated in July 1988, Super Iron Foundry Limited manufactures municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings (rollers and crosskills), railway castings, and cast-iron counterweights.
The company's products are utilized in significant construction projects to supply access covers for stormwater, sewerage, telecommunications, and other utility networks.
The company's products includes:-
- Municipal Castings
- Ductile Iron Pipe Fittings
- Ductile Iron Automotive Castings
- Ductile Iron Agricultural Castings – rollers and crosskills
- Railway Castings
- Cast Iron Counterweights
- Screw Piles
The company manufactures and exports covers globally, meeting international standards like EN124. The company's product applications include automotive and agricultural equipment, focusing on weight balancing and stability.
The modern robotic production facility ensures quality and sustainability, making us the preferred choice for customers seeking a one-stop shop for all casting needs.
The company's products are exported in European and Middle Eastern markets.
The Company has provided design solutions and castings for prestigious Middle East projects such as the New Hamad Port Project, New Turkish Air Base, Airport expansion in Oman, Dubai South, Lusail FIFA Stadium, and Al Barwah in Doha. Business in the Middle East sees no seasonality, except during Ramadan when construction slows.
The company's manufacturing facility and warehouse is situated in Durgapur, West Bengal, cover about 20 acres.
The manufacturing facility is ISO 9001:2015 and ISO 14001:2018 certified for quality, health, safety, and environmental management, producing ductile and grey iron castings for municipal, sanitary, automotive, agricultural, waterworks, railway, and electrical transmission and distribution.
Competitive Strength:-
- Extensive Product Range and Expertise
- Robust Infrastructure and Technological Advancements.
- Exporting to 38 countries, including the USA, Canada, UK, Germany, and some Middle Eastern Nations.
- Compliance with International Standards.
Strength Of Super Iron Foundry IPO
1. Diversified product mix with strong focus on customised products.
2. One of the leading manufacturers of manhole grates and access covers with long standing market presence.
3. Geographical presence.
4. Design, quality assurance and quality control of our products.
5. Strong and cordial relationship with our clients.
6. Cost effective production and timely fulfilment of orders.
7. Well experienced management team.
8. Marquee customers globally.
Risk Of Super Iron Foundry IPO
1. Our manufacturing facility is located in Durgapur, District Burdwan, West Bengal. Any disruption, breakdown or shutdown of our manufacturing facility may have a material adverse effect on our business, financial condition, results of operations and cash flow.
2. Our manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on our business, financial condition, results of operations and cash flows.
3. Conflicts of interest may arise out of common business objects shared by our Company and our Promoters, which may affect our business, results of operations and financial conditions.
4. A significant majority of our revenues from operations are derived from a limited number of customers.
5. We do not own our Registered Office. A failure to renew our existing arrangement at commercially favourable terms or at all may have a material adverse effect on our business, financial condition and results of operation.
6. Failure to obtain or renew approvals, licenses, registrations and permits to operate our business in a timely manner, or at all, may adversely affect our business, financial condition, results of operations and cash flows.
7. Our business is capital intensive. We require substantial financing for our business operations. Our indebtedness and the conditions and restrictions imposed on by our financing arrangements could adversely affect our ability to conduct our business.
8. We have experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.
9. Our Company, our Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
10. Approximately 95% of our revenue are derived from export of our product. Any change on India's bi-lateral trade treaties with importing countries can impact the business in the long run.
Objectives Super Iron Foundry IPO
- Funding of working capital requirements of the company
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
- General corporate purposes
Company Contact Details
Super Iron Foundry Limited
Aspiration Vintage
12, Pretoria Street,1 st Floor, Suite 1B,
Kolkata – 700071
Phone: + 91 334060305
Email: cs@superironfoundry.com
Website: https://www.superironfoundry.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Super Iron Foundry IPO - FAQs
The Super Iron Foundry IPO is a SME public issue comprising 6301200 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹68.05 Cr. The issue price has been fixed at ₹108 per equity share, and the minimum application size is 1200 shares.
The IPO opens for subscription on 11 Mar 2025, and closes on 13 Mar 2025.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹3 (2.78%).