Super Iron Foundry

Super Iron Foundry

BSE SME

₹129,600 / 1200 Shares

Offer Date:Mar 11, 2025 - Mar 13, 2025

IPO Live Subscription Details (times)

Date:13 Mar 2025,06:43:48 PM
NII:1.44
Retail:1.79x
Total:1.62 times

IPO Details

Super Iron Foundry IPO is priced between ₹108 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the BSE SME, and Link Intime India Private Ltd is managing the issue as the registrar.

The IPO bidding period opened on 11 Mar, 2025, and closed on 13 Mar, 2025. The allotment results will be announced on 17 Mar, 2025, with a tentative listing date set for 19 Mar, 2025.

The total issue comprises 63,01,200 shares, amounting to ₹68.05 Cr.

Super Iron Foundry IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Mar 11, 2025 - Mar 13, 202519 Mar, 2025₹10 Per Equity Share₹108 per equity share- Shares -BSE SME

Super Iron Foundry IPO Timeline

IPO Open Date
11 Mar, 2025
IPO Close Date
13 Mar, 2025
Basis of Allotment
17 Mar, 2025
Listing Date
19 Mar, 2025

Issue Price

₹108 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Link Intime India Private Ltd

Market Lot

1200 Shares (₹129,600/-)

Lead Manager

Horizon Management Private Limited

Issue Size

63,01,200 shares(aggregating up to ₹68.05 Cr)

Retail Portion

50%

Subscription

1.62 times

IPO Docs

DRHP RHP

Super Iron Foundry IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Dec 24226.6294.919.5370.5953.5110.96
31 Mar 24232.32156.873.9456.5640.06118.63
31 Mar 23209.2126.231.2852.6236.12120.44
31 Mar 22197.75132.310.8851.3334.83125.72

All values are in ₹ Cr.

Super Iron Foundry IPO Valuations

EPS PRE IPO

₹2.31/-

EPS POST IPO

₹5.43/-

PE PRE IPO

46.84

PE POST IPO

19.89

ROE

7.53%

ROCE

7.22%

DEBT EQUITY

6.26

RONW

6.97%

PAT MARGIN

-

PRICE TO BOOK VALUE

3.15

About Company

Super Iron Foundry Limited incorporated in 1988 produces municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings (rollers and crosskills), railway castings, and cast-iron counterweights.The products of the company find its way into major construction projects to provide access covers for stormwater, sewerage, telecommunications, and other utility networks.

The products of the company are:-
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 produces and exports covers around the world in accordance with international standards such as EN124. The applications of the company products are automotive and agricultural machinery with emphasis on balancing weight and stability.The high-tech robotic factory ensures quality and sustainability, leading us to become the customer favorite for a single-stop solution to all casting needs.

The products of the company are exported to European and Middle Eastern countries.The Company has supplied design solutions and castings for high-end Middle East projects like the New Hamad Port Project, New Turkish Air Base, Oman's Airport expansion, Dubai South, Lusail FIFA Stadium, and Al Barwah in Doha. Middle East business does not know seasonality except during Ramadan when the construction takes a slowdown.

The company's manufacturing unit and warehouse is located in Durgapur, West Bengal, on approximately 20 acres.The plant is ISO 9001: 2015 and ISO 14001: 2018 quality, health, safety, and environmental management certified, and they manufacture ductile and grey iron castings for municipal, sanitary, automotive, agricultural, waterworks, railway, and electrical transmission and distribution.

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Super Iron Foundry IPO Subscription Details

As onQIB/NIIRetailTotal
Shares Offered / Reserved29,92,80029,92,80059,85,600
Day 1 - 11-03-25 06:00 PM0.14 x0.59 x0.36 x
Day 2 - 12-03-25 06:00 PM0.06 x0.84 x0.45 x
Day 3 - 13-03-25 06:00 PM1.44 x1.79 x1.62 x
Total No. of Applications:6,315 (Approx)

Super Iron Foundry IPO - Issue Objectives

  1. Funding of working capital requirements of the company
  2. Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
  3. General corporate purposes
Company Contact Details

Super Iron Foundry

Aspiration Vintage, 12, Pretoria Street,1 st Floor, Suite 1B, Kolkata – 700071
Registrar Contact Details

Link Intime India Private Ltd