Super Iron Foundry IPO
Open SmeCurrent GMP
₹3 (+2.78%)
Price Band
₹ 108 – 108
Lot Size
1200
Issue Size
₹68.05 Cr
Minimum Investment
₹259200 (2400 Shares)
Listing Date
19 March 2025
Subscription
1.62x
About the Company
Super Iron Foundry Limited (formerly Super Iron Foundry Private Limited) was established on July 15, 1988, in Kolkata, West Bengal, under the Companies Act, 1956. It transitioned from a private to a public limited company in 2024, with its name changed accordingly. Initially inactive, the company acquired land in 2009 and completed its manufacturing facility in 2013 in Durgapur, West Bengal, marking the start of commercial production.
The company specializes in manufacturing municipal castings, ductile iron pipe fittings, automotive and agricultural castings, railway castings, and cast-iron counterweights. It primarily serves industries involved in roadway construction, stormwater, sewerage, telecom utilities, automotive, agriculture, and infrastructure projects. Products are exported globally, with a strong presence in European and Middle Eastern markets.
Super Iron Foundry’s production facility, covering 20 acres, has a capacity of 72,000 MT annually. It is equipped with modern robotic equipment, ensuring quality, sustainability, and cost-efficiency. The facility is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified for quality, safety, and environmental management. The company also holds a Kitemark certification from BSI, United Kingdom.
The company has a strong export clientele, including municipalities, infrastructure companies, and private corporates. Its products are widely used in prominent projects like the Lusail FIFA Stadium, New Hamad Port Project, and various developments in the Middle East. Super Iron Foundry maintains long-term supply agreements, including with Mario Cirino Pomicino SPA in Italy.
The product portfolio 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
Super Iron Foundry’s experienced promoters and management team, with two decades of industry experience, play a vital role in the company’s growth. Their leadership and vision continue to guide the company toward fulfilling increased demand with consistent quality and competitive pricing. The company’s future growth prospects are strong, driven by technological upgrades and its strategic position in global markets.
Promoters
- Abhishek Saklecha
- Akhilesh Saklecha
- Neha Saklecha
- Priyanka Saklecha
- ABI TRADING PRIVATE LIMITED
Promoters Holding
Holding Pre Issue
96.53%
Holding Post Issue
70.53%
Objects of the Issue
The objects of the Offer are:
(i) Funding of the working capital requirements of our Company.
(ii) Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company.
(iii) General corporate purposes.
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 11 March 2025
IPO Close Date
Thursday, 13 March 2025
Basis of Allotment
Monday, 17 March 2025
Initiation of Refunds
Tuesday, 18 March 2025
Credit of Shares to Demat
Tuesday, 18 March 2025
Listing Date
Wednesday, 19 March 2025 — NSE & BSE
Important Dates
Open Date
11 March 2025
Close Date
13 March 2025
Basis Of Allotment
17 March 2025
Listing Date
19 March 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 53.5 | 40.06 | 36.12 | 34.83 |
| Total Borrowings | 110.96 | 118.63 | 120.44 | 125.72 |
EPS Pre
2.39%
EPS Post
5.43%
P/E Pre
46.84
P/E (Post Issue)
19.89x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 7.22 |
| ROCE % | 7.53 |
| Debt / Equity | 1.57 |
| RoNW % | 6.97 |
| PbW | 3.15 |
| Pat Margin % | 2.55 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 2992800 | 50 | 0 |
| Retail Investors | 2992800 | 50 | 0 |
| Total | 5985600 | 100 | 0 |
Subscription Status ( Thu, 13 Mar 25 12:48 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 2992800 | 4323600 | 1.44x |
| Retail Investors | 2992800 | 5355600 | 1.79x |
| Total | 5985600 | 9679200 | 1.62x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 129,600.00 |
| Retail (Max) | 1 | 1,200 | 129,600.00 |
| S-HNI (Min) | 2 | 2,400 | 259,200.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Super Iron Foundry IPO is a Fixed price IPO worth ₹68.05 crores. The price band is ₹108 to 108 per share. The IPO opens on Tue, Mar 11, 2025 and closes on Thu, Mar 13, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Super Iron Foundry IPO opens on Tue, Mar 11, 2025 and closes on Thu, Mar 13, 2025
Super Iron Foundry IPO Price Band is ₹108 to 108.
Super Iron Foundry IPO lot size is 1200, and the minimum amount required for application is ₹259200.
The minimum investment for Super Iron Foundry IPO is approximately ₹259200 based on the upper price band.
To apply for the Super Iron Foundry IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Mar 13, 2025. After submission, funds are blocked until the basis of allotment of Super Iron Foundry IPO is finalised.
Super Iron Foundry IPO issue size is ₹68.05 crores.
Super Iron Foundry IPO allotment date is Sat, Jun 27, 2026.
The registrar for Super Iron Foundry IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Super Iron Foundry IPO through their official website or helpline.
The Super Iron Foundry IPO GMP (Grey Market Premium) is ₹3 as of Wed, Mar 19, 2025. Based on the upper price band of ₹108 per share, the estimated Super Iron Foundry IPO listing price is ₹111, indicating a potential listing gain of approximately 31% over the issue price.