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Super Iron Foundry IPO

  • Status: Closed
  • RHP:
  • ₹ 129,600 / 1200 shares

    Minimum Investment

IPO Details

  • Bidding starts

    11 Mar 2025

  • Bidding ends

    13 Mar 2025

  • Listing

    19 Mar 2025

  • IPO Price Range

    ₹ 108

  • IPO Size

    ₹ 68.05 Cr

  • Listing Exchange

    BSE SME

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IPO Timeline

Super Iron Foundry IPO Subscription Status

Last Updated: 13 March 2025 6:07 PM by 5Paisa

Super Iron Foundry Limited is launching an IPO worth ₹68.05 crores, comprising a fresh issue of 0.63 Cr. shares. The company manufactures municipal castings, ductile iron pipe fittings, automotive, agricultural, and railway castings, as well as cast-iron counterweights. With a modern robotic facility in Durgapur, West Bengal, it exports globally, meeting international standards. Its products serve major infrastructure projects, including Middle Eastern developments like Lusail FIFA Stadium and Oman’s airport expansion.

Established in: 1988
Chairman & Managing Director: Mr. Akhilesh Saklecha

Peers

Bhagwati Autocast Limited
Universal Auto Foundry Limited
 

Objectives

1. Funding Working Capital Requirements
2. Repayment of Borrowings
3. General Corporate Purposes
 

Super Iron Foundry IPO Size

Types Size
Total IPO Size ₹68.05 Cr.
Offer For Sale -
Fresh Issue ₹68.05 Cr.

 

 Super Iron Foundry IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,200 129,600
Retail (Max) 1 1,200 129,600
HNI (Min) 2 2,400 259,200

Super Iron Foundry IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 1.34 29,92,800 40,08,000 43.29
Retail 1.79     29,92,800 53,55,600 57.84
Total** 1.56 59,85,601 93,63,600 101.13

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 132.31 126.23 156.87
EBITDA 10.73 13.44 18.34
PAT 0.88 1.28 3.94
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 197.75 209.20 232.32
Share Capital 16.50 16.50 16.50
Total Borrowings 125.72 120.44 118.63
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -25.63 13.68 12.35
Net Cash Generated From / (used in) investing activities -11.48 -0.45 -2.48
Net Cash Generated From / (used in) financing activities 38.79 -12.91 -10.27
Net Increase (Decrease) In Cash And Cash Equivalents 1.68 0.33 -0.41


Strengths

1. Diverse product portfolio catering to multiple industries and applications.
2. Advanced robotic manufacturing ensures precision and efficiency.
3. Strong global presence, exporting to 38 countries.
4. Compliance with international standards enhances credibility and market acceptance.
5. Experience in executing prestigious infrastructure projects worldwide.
 

Risks

1. High dependence on international markets for revenue.
2. Seasonal slowdowns in key regions, especially during Ramadan.
3. Capital-intensive operations with high maintenance costs.
4. Exposure to raw material price fluctuations affecting profitability.
5. Competition from global and local foundries impacting market share.
 

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FAQs

Super Iron Foundry IPO opens from 11 March 2025 to 13 March 2025.

The size of Super Iron Foundry IPO is ₹68.05 Cr.

The price of Super Iron Foundry IPO is fixed at ₹108 per share. 

To apply for Super Iron Foundry IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Super Iron Foundry  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Super Iron Foundry IPO is 1,200 shares and the investment required is ₹129,600.

The share allotment date of Super Iron Foundry IPO is 17 March 2025

The Super Iron Foundry IPO will likely be listed on 19 March 2025.

Horizon Management Private Ltd is the book running lead manager for Super Iron Foundry IPO.
 

Super Iron Foundry plans to utilise the raised capital from the IPO for:

1. Funding Working Capital Requirements
2. Repayment of Borrowings
3. General Corporate Purposes