Super Iron Foundry IPO Overview
The Super Iron Foundry IPO is set to open for public subscription on March 11, 2025, and will close on March 13, 2025. The company is launching this Fixed Price Issue IPO with a goal to raise approximately ₹68.05 crores, which includes a fresh issue of ₹68.05 crores.
The IPO is priced at ₹108 per share, with investor quotas divided as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NII): 15%
The shares are scheduled to be listed on BSE SME on March 19, 2025. Allotment finalization will take place on March 17, 2025.
Super Iron Foundry IPO Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | March 11, 2025 |
| IPO Closing Date | March 13, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price | ₹108 per share |
| Total Issue Size | ₹68.05 crores |
| Fresh Issue Size | ₹68.05 crores |
| Issue Type | Fixed Price Issue |
| Listing Platform | BSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Super Iron Foundry IPO Market Lot Size
Investors are required to bid in multiples of 1,200 shares, with a minimum investment of ₹1,29,600.
| Category | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 1,200 Shares | ₹1,29,600 |
| Retail Maximum | 1 Lot | 1,200 Shares | ₹1,29,600 |
| Small HNI (S-HNI) | 2 Lots | 2,400 Shares | ₹2,59,200 |
Super Iron Foundry IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | March 11, 2025 |
| IPO Closing Date | March 13, 2025 |
| Allotment Finalization | March 17, 2025 |
| Refund Processing | March 18, 2025 |
| Demat Account Credit | March 18, 2025 |
| Listing Date | March 19, 2025 |
Super Iron Foundry Company Overview
Established in 1977, Super Iron Foundry operates in the iron and steel industry, specializing in the manufacturing of:
✅ Municipal castings
✅ Ductile iron pipe fittings
✅ Iron components for automotive & agricultural machinery
✅ Cast-iron counterweights
✅ Access covers and gully grates for road construction
The company has a manufacturing facility in Burdwan, West Bengal, with a production capacity of 72,000 metric tons annually.
It exports products to various international markets, including the USA, Canada, UK, Germany, UAE, Australia, and multiple European countries.
Super Iron Foundry IPO Financial Performance
The company has shown consistent revenue growth, with profits increasing significantly in 2024.
| Financial Year | Revenue (₹ Crores) | Expenses (₹ Crores) | Profit After Tax (₹ Crores) | Total Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹132.31 | ₹130.81 | ₹0.88 | ₹197.75 |
| 2023 | ₹126.23 | ₹124.44 | ₹1.28 | ₹209.2 |
| 2024 | ₹156.87 | ₹152.15 | ₹3.94 | ₹232.32 |
| Dec 2024 (YTD) | ₹94.91 | ₹82.18 | ₹9.53 | ₹226.62 |
Super Iron Foundry IPO Valuation – FY 2024
| Key Metrics | Values |
|---|---|
| Return on Equity (ROE) | 7.22% |
| Return on Capital Employed (ROCE) | 7.53% |
| EBITDA Margin | 11.85% |
| Profit After Tax (PAT) Margin | 2.55% |
| Debt-to-Equity Ratio | 6.26 |
| Earnings Per Share (EPS) | ₹2.39 (Basic) |
| Price-to-Earnings (P/E) Ratio | 45.19 |
| Return on Net Worth (RoNW) | 6.97% |
| Net Asset Value (NAV) | ₹34.28 |
Industry Peer Comparison
Super Iron Foundry competes with several key players in the foundry and casting industry.
| Company | EPS (₹) | PE Ratio | RoNW (%) | NAV (₹) | Revenue (₹ Crores) |
|---|---|---|---|---|---|
| Bhagwati Autocast Ltd. | 24.10 | 20.40 | 18.40 | 142 | 134.21 |
| Universal Auto Foundry Ltd. | 3.93 | 79.10 | 6.70 | 58.66 | 202.50 |
Purpose of the IPO
The proceeds from the IPO will be used for:
✔️ Working capital needs
✔️ Repayment of certain borrowings
✔️ General corporate purposes
Promoters of Super Iron Foundry IPO
The company is led by the following promoters:
- Abhishek Saklecha
- Akhilesh Saklecha
- Neha Saklecha
- Priyanka Saklecha
Super Iron Foundry IPO Lead Manager & Registrar
- Lead Manager: Horizon Management Private Limited
- Registrar: MUFG Intime India Private Limited
📞 Phone: +91-22-4918 6270
✉ Email: superiron.smeipo@linkintime.co.in
🌐 Website: MUFG IPO Status
Company Address
📍 Super Iron Foundry Limited
Aspiration Vintage, 12, Pretoria Street, 1st Floor, Suite 1B,
Kolkata – 700071
📞 Phone: +91 334060305
✉ Email: cs@superironfoundry.com
🌐 Website: www.superironfoundry.com
FAQs About Super Iron Foundry IPO
1. What is Super Iron Foundry IPO?
Super Iron Foundry IPO is an SME IPO, aiming to raise ₹68.05 crores via a Fixed Price Issue at ₹108 per share.
2. When does the IPO open for subscription?
The IPO opens on March 11, 2025, and closes on March 13, 2025.
3. How can investors apply for the IPO?
Investors can apply through:
- ASBA via net banking
- UPI-based applications through brokers
- Offline application via stockbrokers
4. What is the listing date?
The shares are scheduled to be listed on BSE SME on March 19, 2025.
📢 Stay tuned for more updates on Super Iron Foundry IPO! 🚀