Super Iron Foundry Limited IPO
BSE SMEListed On: Mar 19, 2025 at ₹ 107.95
₹ 259200
/2400 Shares
*Min Investment
11 Mar, 2025
Open Date13 Mar, 2025
Close Date17 Mar, 2025
Allotment Date19 Mar, 2025
Listing DateSuper Iron Foundry IPO Issue Details
- Issue Price ₹108 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 63,01,200 shares(aggregating up to ₹68.05 crore)
- Fresh Share 63,01,200 shares(aggregating up to ₹68.05 crore)
- Listing at BSE SME
- List Price 107.95
- Listing Date 2025-03-19
- Lead Manager Horizon Management Private Limited
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,29,600 |
| Retail(max) | 1 | 1200 | ₹1,29,600 |
| NII (min) | 2 | 1,200 | ₹2,59,200 |
Super Iron Foundry IPO Reservation
Super Iron Foundry IPO offers total 63,01,200 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,29,92,800 (47.5%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 3,15,600 (5.01%) | |
| Retail Shares Offered | 29,92,800 (47.5%) | |
| Total Shares Offered | 63,01,200 (100%) |
Super Iron Foundry IPO Details
Super Iron Foundry Limited IPO is an SME IPO, priced at ₹108 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 63,01,200 equity shares, aggregating up to ₹68.05 crores..
The IPO bidding window is open from Mar 11, 2025 to Mar 13, 2025. The allotment is expected to be finalized on Mar 17, 2025, and the tentative listing date is Mar 19, 2025.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,29,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,59,200.
Horizon Management Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
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Super Iron Foundry IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 29,92,800 | 29,92,800 | 59,85,600 |
|
Day 1
11-03-25 06:00 PM
|
0.14 x | 0.59 x | 0.36 x |
|
Day 2
12-03-25 06:00 PM
|
0.06 x | 0.84 x | 0.45 x |
|
Day 3
13-03-25 06:00 PM
|
1.44 x | 1.79 x | 1.62 x |
Super Iron Foundry Valuations
Super Iron Foundry Company Financials
| 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| 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 & Surplus | 53.5 | 40.06 | 36.12 | 34.83 |
| Total Borrowing | 110.96 | 118.63 | 120.44 | 125.72 |
About Super Iron Foundry 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.
Super Iron Foundry - Promoter(s)
Abhishek Saklecha
Akhilesh Saklecha
Neha Saklecha
Priyanka Saklecha
Pre Issue Share Holding : 96.53%
Post Issue Share Holding : 70.53%
Super Iron Foundry IPO - Issue Objectives
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
Super Iron Foundry IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Super Iron Foundry Limited | 2.39 | 2.39 | 34.28 | N/A | 6.97 | 3.18 | Standalone |
| Bhagwati Autocast Ltd. | 24.1 | 24.1 | 142 | 20.4 | 18.4 | 2.75 | Standalone |
| Universal Autofoundry Ltd | 3.93 | 3.93 | 58.66 | 79.1 | 6.7 | 2.71 | Standalone |
Notes:
- The P/E Ratio is computed based on the closing price on the BSE Limited.
- Return on Net Worth (%) = Profit for the year ended March 31, 2024, divided by Total Equity of the Company as on March 31, 2024.
- NAV is computed as the Company's Total Equity as of March 31, 2024, divided by the outstanding number of equity shares as of March 31, 2024.
Contact Details
Super Iron Foundry
Aspiration Vintage, 12, Pretoria Street,1 st Floor, Suite 1B, Kolkata – 700071
+ 91 334060305
Registrar Contact Details
Super Iron Foundry IPO - FAQs
Ans. Super Iron Foundry Limited IPO is a SME IPO. The issue is priced at ₹108 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Mar 11, 2025, and closes on Mar 13, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Super Iron Foundry Limited IPO opens on Mar 11, 2025 and closes on Mar 13, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Super Iron Foundry Limited IPO is 63,01,200 shares(aggregating up to ₹68.05 Cr).
Ans. The Super Iron Foundry Limited IPO price band is set between ₹108 per equity share.
Ans. To apply for Super Iron Foundry Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Super Iron Foundry Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Super Iron Foundry Limited IPO is Mar 17, 2025.
Ans. The Super Iron Foundry Limited IPO will be listed on Mar 19, 2025.
Ans. Follow the steps to check the Super Iron Foundry Limited IPO allotment status online.
