Super Iron Foundry Limited IPO (Super Iron Foundry IPO) Detail
Super Iron Foundry IPO is a fixed price issue of Rs 68.05 crores. The issue is entirely a fresh issue of 63.01 lakh shares.
Super Iron Foundry IPO bidding opened for subscription on March 11, 2025 and will close on March 13, 2025. The allotment for the Super Iron Foundry IPO is expected to be finalized on Monday, March 17, 2025. Super Iron Foundry IPO will be list on BSE SME with a tentative listing date fixed as Wednesday, March 19, 2025.
Super Iron Foundry IPO price is ₹108 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,29,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,59,200.
Horizon Management Private Limited is the book-running lead manager of the Super Iron Foundry IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Super Iron Foundry IPO is Giriraj Stock Broking Private Limited.
Refer to Super Iron Foundry IPO RHP for detailed information.
Super Iron Foundry IPO Details
| IPO Date | March 11, 2025 to March 13, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 63,01,200 shares (aggregating up to ₹68.05 Cr) |
| Fresh Issue | 63,01,200 shares (aggregating up to ₹68.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,70,92,473 shares |
| Share Holding Post Issue | 2,33,93,673 shares |
| Market Maker Portion | 3,15,600 shares Giriraj Stock Broking Private Limited |
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 Timeline (Tentative Schedule)
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 March 13, 2025 |
Super Iron Foundry IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
| Retail (Max) | 1 | 1200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
| Lot Size Calculator | |||
Super Iron Foundry IPO Promoter Holding
| Share Holding Pre Issue | 96.53% |
| Share Holding Post Issue | 70.53% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Super Iron Foundry Limited
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:-
- Municipal Castings
- Ductile Iron Pipe Fittings
- Ductile Iron Automotive Castings
- Ductile Iron Agricultural Castings – rollers and crosskills
- Railway Castings
- Cast Iron Counterweights
- Screw Piles
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:-
- Extensive Product Range and Expertise
- Robust Infrastructure and Technological Advancements.
- Exporting to 38 countries, including the USA, Canada, UK, Germany, and some Middle Eastern Nations.
- Compliance with International Standards.
Company Financials
Super Iron Foundry Limited Financial Information (Restated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 226.62 | 232.32 | 209.2 | 197.75 |
| Revenue | 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 | ||||
Key Performance Indicator (KPI)
The market capitalization of Super Iron Foundry IPO is Rs 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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2024 that is available in RHP.
Objects of the Issue (Super Iron Foundry IPO Objectives)
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 Million) |
|---|---|---|
| 1 | Funding of working capital requirements of the company | 290 |
| 2 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 160 |
| 3 | General corporate purposes | 152.44 |
Super Iron Foundry IPO Review (Avoid)
[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…
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Super Iron Foundry IPO Prospectus
Super Iron Foundry Limited Contact Details
Super Iron Foundry Limited
Aspiration Vintage
12, Pretoria Street,1 st Floor, Suite 1B,
Kolkata – 700071
Phone: + 91 334060305
Email: cs@superironfoundry.com
Website: https://www.superironfoundry.com/
Super Iron Foundry IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: superiron.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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