Fixed Price IPO | ₹68 Cr | Listed at BSE SME | Tue, Mar 11, 2025 - Thu, Mar 13, 2025
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 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 for investment in 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 Open
Tue, Mar 11, 2025
IPO Close
Thu, Mar 13, 2025
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹252.65 Cr
| IPO Date | 11 to 13 Mar, 2025 |
| Listed on | Wed, Mar 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 63,01,200 shares (agg. up to ₹68 Cr) |
| Reserved for Market Maker | 3,15,600 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 59,85,600 shares (agg. up to ₹65 Cr) |
| Net Offered to Public | 59,85,600 shares (agg. up to ₹65 Cr) |
| Share Holding Pre Issue | 1,70,92,473 shares |
| Share Holding Post Issue | 2,33,93,673 shares |
| BSE Script Code | 544381 |
| ISIN | INE16IQ01014 |
Super Iron Foundry IPO comprises a total issue size of 63,01,200 shares. The net offer to the public is 59,85,600 shares, after excluding 3,15,600 shares allotted on a firm basis. Of the Net offer 29,92,800 (50.00%) allocated to NII 29,92,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 29,92,800 | 50.00% | 47.50% |
| Retail Shares Offered | 29,92,800 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,15,600 | 5.01% | |
| Total Shares Offered | 63,01,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 209.20 | 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 | 53.50 | 40.06 | 36.12 | 34.83 |
| Total Borrowing | 110.96 | 118.63 | 120.44 | 125.72 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 2.31 | 5.43 |
| P/E (x) | 46.84 | 19.89 |
| Promoter Holding | 96.53% | 70.53% |
| Market Cap | ₹252.65 Cr. |
The Super Iron Foundry IPO is subscribed 1.56 times on March 13, 2025 6:19:33 PM (Day 3). The public issue subscribed 1.79 times in the retail category, [.] times in the QIB category, and 1.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 1.34 | 29,92,800 | 40,08,000 | 0 |
| Retail | 1.79 | 29,92,800 | 53,55,600 | 0 |
| Total | 1.56 | 59,85,601 | 93,63,600 | 6,315 |
Total Application : 6,315
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer management fees including fees and reimbursements of market making fees and payment to other intermediaries such as legal advisor to the Offer, Registrar and other out of pocket expenses. | 1.42 |
| 2 | Marketing and selling commission and expenses | 5.85 |
| 3 | Advertising and marketing expenses | 0.25 |
| 4 | Printing and distribution of issue stationery | 0.01 |
| 5 | Listing fees | 0.01 |
| 6 | SEBI and BSE processing fees | 0.01 |
| 7 | ASBA software fees | 0.02 |
| 8 | Other regulatory expenses | 0.15 |
| 9 | Miscellaneous | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹107.95 |
| Low | ₹102.60 |
| High | ₹107.95 |
| Last Trade | ₹102.60 |
Lead Manager Reports
Super Iron Foundry IPO is a SME IPO of 63,01,200 equity shares of the face value of ₹10 aggregating up to ₹68 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Mar 11, 2025, and closes on Thu, Mar 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 Tue, Mar 11, 2025 and closes on Thu, Mar 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 Tue, Mar 18, 2025. Check the Super Iron Foundry IPO allotment status.
The Super Iron Foundry IPO listing date is on Wed, Mar 19, 2025.
