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Super Iron Foundry IPO is a fixed price issue of ₹68.05 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹68.05 crore.
Super Iron Foundry IPO bidding started from Mar 11, 2025 and ended on Mar 13, 2025. The allotment for Super Iron Foundry IPO was finalized on Mar 17, 2025. The shares got listed on BSE SME on Mar 19, 2025.
Super Iron Foundry IPO price is ₹108.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1200 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,59,200.
Horizon Management Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Super Iron Foundry IPO RHP for detailed Information.
| IPO Date | March 11, 2025 to March 13, 2025 |
| Listing Date | March 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 63,01,200 shares (aggregating up to ₹68.05 Cr) |
| Reserved for Market Maker | 3,15,600 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹3.41 Cr) |
| Net Offered to Public | 59,85,600 shares (aggregating up to ₹64.64 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,70,92,473 shares |
| Share Holding Post Issue | 2,33,93,673 shares |
Super Iron Foundry IPO offers total 63,01,200 shares. Out of which 29,92,800 (47.50%) allocated to NII, 29,92,800 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,15,600 (5.01%) |
| NII (HNI) Shares Offered | 29,92,800 (47.50%) |
| Retail Shares Offered | 29,92,800 (47.50%) |
| Total Shares Offered | 63,01,200 (100.00%) |
Super Iron Foundry IPO opens on March 11, 2025, and closes on March 13, 2025.
| IPO Open Date | Tue, Mar 11, 2025 |
| IPO Close Date | Thu, Mar 13, 2025 |
| Tentative Allotment | Mon, Mar 17, 2025 |
| Initiation of Refunds | Tue, Mar 18, 2025 |
| Credit of Shares to Demat | Tue, Mar 18, 2025 |
| Tentative Listing Date | Wed, Mar 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 13, 2025 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:-
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:-
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 226.62 | 232.32 | 209.2 | 197.75 |
| Total Income | 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 | ||||
The market capitalization of Super Iron Foundry IPO is ₹252.65 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 7.53% |
| ROCE | 7.22% |
| Debt/Equity | 6.26 |
| RoNW | 6.97% |
| PAT Margin | 394.07% |
| Price to Book Value | 3.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.31 | 5.43 |
| P/E (x) | 46.84 | 19.89 |
The Company Super Iron Foundry IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding of working capital requirements of the company | 29.00 |
| 2 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 16.00 |
| 3 | General corporate purposes | 15.24 |
[Dilip Davda] SIFL is engaged in the manufacturing and marketing of various types of castings used across the industry and infra projects. While it posted inconsistency in its top lines for the reported periods, the sudden boost in bottom lines from FY24 onwards raises eyebrows and concern over its sustainability. Bumper profits posted for 9M-FY25 appears to be a window dressing to fetch fancy valuations. Based on recent super earnings, the issue appears aggressively priced. There is no harm in skipping this pricey bet that can be termed as “High Risk/Low Return” offer. Read detail review...
| Listing Date | March 19, 2025 |
| BSE Script Code | 544381 |
| NSE Symbol | |
| ISIN | INE16IQ01014 |
| Final Issue Price | ₹108 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹107.95 |
| Low | ₹102.60 |
| High | ₹107.95 |
| Last Trade | ₹102.60 |
Super Iron Foundry Ltd.
Aspiration Vintage
12, Pretoria Street,1 st Floor, Suite 1B,
Kolkata – 700071
Kolkata, West Bengal
Phone: + 91 334060305
Email: cs@superironfoundry.com
Website: https://www.superironfoundry.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: superiron.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Super Iron Foundry IPO is a SME IPO of 63,01,200 equity shares of the face value of ₹10 aggregating up to ₹68.05 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on March 11, 2025, and closes on March 13, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Super Iron Foundry IPO using UPI as a payment gateway. Zerodha customers can apply in Super Iron Foundry IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Super Iron Foundry IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Super Iron Foundry IPO opens on March 11, 2025 and closes on March 13, 2025.
Super Iron Foundry IPO lot size is 1200, and the minimum amount required for application is ₹1,29,600.
You can apply in Super Iron Foundry IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Super Iron Foundry IPO will be done on Monday, March 17, 2025, and the allotted shares will be credited to your demat account by Tuesday, March 18, 2025. Check the Super Iron Foundry IPO allotment status.
The Super Iron Foundry IPO listing date is on Wednesday, March 19, 2025.
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