Super Iron Foundry IPO is scheduled to start on March 11, 2025, and will close on March 13, 2025. The IPO allotment is likely to be finalized on March 17, 2025, with a tentative listing date on the BSE SME platform set for March 19, 2025. This fixed price issue is priced at ₹108 per share, aiming to raise approximately ₹68.05 crores through a fresh issue of 63.01 lakh equity shares.
The IPO has allocated 50% of shares for retail investors and 50% for HNI investors, with no quota for QIB. Retail investors can apply for a minimum of 1 lot (1,200 shares), requiring an investment of ₹1,29,600, while HNI investors must apply for at least 2 lots (2,400 shares) amounting to ₹2,59,200.
Super Iron Foundry has demonstrated consistent financial growth, reporting revenue of ₹156.87 crores in 2024 compared to ₹126.23 crores in 2023. The company’s profit also surged to ₹3.94 crores in 2024 from ₹1.28 crores in 2023. The company’s solid financial performance makes this IPO attractive for long-term investors seeking steady returns.
Overview of Contents
About Super Iron Foundry IPO
Founded in 1977, Super Iron Foundry has established itself as a key player in the iron and steel industry. The company specializes in manufacturing municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings (rollers and crosskills), railway castings, and cast-iron counterweights. Incorporated in July 1988, the company operates with a strong commitment to quality and sustainability. The company’s manufacturing facility and warehouse is located in Durgapur, West Bengal, covering approximately 20 acres with an annual production capacity of 72,000 metric tons. The facility is ISO 9001:2015 and ISO 14001:2018 certified, ensuring adherence to international standards for quality, health, safety, and environmental management.
Super Iron Foundry exports its products to 38 countries, including USA, Canada, UK, Germany, Austria, Poland, Finland, Switzerland, France, Greece, UAE, Oman, Qatar, Kuwait, Saudi Arabia, Australia, and New Zealand. The company has contributed to notable 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. The company’s products are widely used in automotive, agricultural machinery, stormwater systems, sewerage networks, telecommunications, and utility networks. The company follows EN124 international standards for its casting products, ensuring durability and reliability in critical infrastructure projects.
The modern robotic production facility enhances operational efficiency and quality, making the company a preferred supplier for global customers. The business in the Middle East operates consistently throughout the year, with a slight slowdown during Ramadan. Super Iron Foundry’s consistent performance and technological advancements position it as a trusted partner in the global casting industry. The company’s competitive strengths include a comprehensive product portfolio, advanced manufacturing infrastructure, global export reach, compliance with international quality standards, and expertise in custom design solutions.
Super Iron Foundry IPO Overview
| Particulars | Details |
|---|---|
| IPO Opening Date | March 11, 2025 |
| IPO Closing Date | March 13, 2025 |
| Listing Platform | BSE SME |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 63,01,200 shares (₹68.05 Crores) |
| Fresh Issue | 63,01,200 shares (₹68.05 Crores) |
| Issue Type | Fixed Price Issue |
| Retail Investor Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| Market Maker Portion | 3,15,600 shares |
| Pre-Issue Shareholding | 1,70,92,473 shares |
| Post-Issue Shareholding | 2,33,93,673 shares |
Super Iron Foundry IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Super Iron Foundry IPO Market Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,200 | ₹1,29,600 |
| Retail Maximum | 1 | 1,200 | ₹1,29,600 |
| S-HNI Minimum | 2 | 2,400 | ₹2,59,200 |
Super Iron Foundry IPO Dates
| Event | Date |
|---|---|
| Subscription Opening | March 11, 2025 |
| Subscription Closing | March 13, 2025 |
| Allotment Finalization | March 17, 2025 |
| Refund Process | March 18, 2025 |
| Demat Credit | March 18, 2025 |
| Listing Date | March 19, 2025 |
Objects of the Issue
- 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Super Iron Foundry IPO Promoter Holding
The promoters of Super Iron Foundry IPO include Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha, and Priyanka Saklecha. The promoter shareholding stands at 96.53% before the issue, which will be reduced to 70.53% after the IPO.
| Share Holding Pre Issue | 96.53% |
| Share Holding Post Issue | 70.53% |
Super Iron Foundry Limited Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | ₹226.62 Cr | ₹232.32 Cr | ₹209.20 Cr | ₹197.75 Cr |
| Total Revenue | ₹94.91 Cr | ₹156.87 Cr | ₹126.23 Cr | ₹132.31 Cr |
| Profit After Tax | ₹9.53 Cr | ₹3.94 Cr | ₹1.28 Cr | ₹0.88 Cr |
| Net Worth | ₹70.59 Cr | ₹56.56 Cr | ₹52.62 Cr | ₹51.33 Cr |
| Reserves & Surplus | ₹53.50 Cr | ₹40.06 Cr | ₹36.12 Cr | ₹34.83 Cr |
| Total Borrowing | ₹110.96 Cr | ₹118.63 Cr | ₹120.44 Cr | ₹125.72 Cr |
Super Iron Foundry IPO Valuation – FY2024
Super Iron Foundry Limited’s financial performance highlights key valuation metrics, offering insights into the company’s profitability, efficiency, and leverage. Below are the significant valuation parameters for FY2024.
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) | ₹2.39 (Basic) |
| Price-to-Earnings Ratio | 45.19 |
| Return on Equity (ROE) | 7.22% |
| Return on Capital Employed (ROCE) | 7.53% |
| EBITDA Margin | 11.85% |
| Profit After Tax (PAT) Margin | 2.55% |
| Net Asset Value (NAV) | ₹34.28 |
| Debt-to-Equity Ratio | 6.26 |
Super Iron Foundry IPO Review
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Bhagwati Autocast Limited | 24.10 | 20.40 | 18.40 | 142 | 134.21 Cr. |
| Universal Auto Foundry Limited | 3.93 | 79.10 | 6.70 | 58.66 | 202.50 Cr. |
Super Iron Foundry IPO Registrar
📌 Registrar Name: MUFG Intime India Private Limited
📞 Phone: +91-22-4918 6270
📧 Email: [email protected]
🌐 Website: MUFG Intime India Private Limited
IPO Lead Managers (Merchant Bankers)
🏢 Lead Manager: Horizon Management Private Limited
Company Address
🏢 Super Iron Foundry Limited
Aspiration Vintage
12, Pretoria Street, 1st Floor, Suite 1B,
Kolkata – 700071
📞 Phone: +91 334060305
📧 Email: [email protected]
🌐 Website: superironfoundry.com
Super Iron Foundry IPO FAQs
What is the Super Iron Foundry IPO open and close date?
The IPO opens on March 11, 2025, and closes on March 13, 2025.
What is the Super Iron Foundry IPO price per share?
The IPO price is ₹108 per equity share.
What is the minimum investment required for retail investors?
Retail investors need to apply for a minimum of 1 lot (1200 shares), which amounts to ₹1,29,600.
When will the Super Iron Foundry IPO allotment be finalized?
The allotment is expected to be finalized on March 17, 2025.
On which exchange will the Super Iron Foundry IPO be listed?
The IPO will be listed on the BSE SME platform on March 19, 2025.