Super Iron Foundry Ltd. was established on July 15, 1988. The company operates an iron and steel foundry, manufacturing access covers and gully grates for roadway construction. These products, compliant with international standards like EN124, are used in major infrastructure projects and exported globally
| Bidding Dates |
|---|
| 11 Mar 2025 - 13 Mar 2025 |
| Subscription |
|---|
| 1.54x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,29,600 | 1 | 1 | 1200 | 6.3 M | ₹108 | 70.53 % | ₹680.5 M | RHP DOC |
Super Iron Foundry IPO SUBSCRIPTION STATUS
13 Mar '25Super Iron Foundry IPO overall subscription rate was 1.54 times the total available shares
Super Iron Foundry IPO retail subscription rate was 1.7 times in the retail segment
Super Iron Foundry IPO non-institutional investor subscription rate was 1.37 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Mar 2025 (Day 3) | 1.7x | 1.37x | - |
12 Mar 2025 (Day 2) | 0.8x | 0.15x | - |
11 Mar 2025 (Day 1) | 0.56x | 0.13x | - |
Super Iron Foundry FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY25 | 95.3 | 872.0 | -2.1 | 80.1 | 27.2% |
| FY24 | 39.4 | 1,548.3 | 117.5 | 90.7 | 11.9% |
| FY23 | 12.8 | 1,248.0 | 124.8 | -14.3 | 10.8% |
| FY22 | 8.8 | 1,321.6 | -260.9 | -347.8 | 8.1% |
Super Iron Foundry IPO SUBSCRIPTION STATUS DETAILS
Super Iron Foundry had 6.3 M shares on offer
Super Iron Foundry IPO offer price was ₹108
Super Iron Foundry IPO minimum Investment was ₹129600
Super Iron Foundry IPO issue size was ₹ 680.5 M
Super Iron Foundry had a minimum lot size of 1200 Shares per application
Super Iron Foundry NUMBER OF SHARES ON OFFER
Super Iron Foundry IPO IMPORTANT DATES
| Issue Open Date | 11 Mar 2025 |
| Issue close Date | 13 Mar 2025 |
| Allotment Date | 17 Mar 2025 |
| Refund Date | 18 Mar 2025 |
| Demat Account Credit Date | 18 Mar 2025 |
| Listing Date | 19 Mar 2025 |
| Listing on Exchange(s) | BSE |
| Super Iron Foundry Allotment Status | Exchange/ Registrar |
Super Iron Foundry IPO subscription opened on 11 Mar 2025, and closed on 13 Mar 2025
IPO allotment for Super Iron Foundry was finalized on Monday, 17 Mar 2025
IPO listing for Super Iron Foundry was on BSE on Wednesday, 19 Mar 2025
Super Iron Foundry IPO LISTING GAINS
| Issue Price (adjusted) | 108.0 |
| Listing Open Price | 108.0 |
| Listing Close Price | 102.6 |
| Listing Gain% | -0.1% |
| Current Gain% | -64.6% |
Super Iron Foundry Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Super Iron Foundry Ltd. | 38.2 | 89.4 | 4.8 | 0.1 | 0.3 | 9.6 | 4.6 | 257.8 | 54.7 | 18.4 | 71.4 | 7.9 | 71.4 |
| Samvardhana Motherson International Ltd. | 169.3 | 178644.5 | 40.8 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 45185 | 133278.1 | 56.4 | -5 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 801.2 | -11.3 |
| UNO Minda Ltd. | 1275 | 73627.1 | 61.2 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2780 | 53813.1 | 84.5 | -16.1 | 2.4 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 800 | 49884.2 | 71.7 | 3.7 | 10.1 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Super Iron Foundry INFORMATION ON IPO ISSUE
About Super Iron Foundry
Super Iron Foundry Ltd. was established on July 15, 1988. The company operates an iron and steel foundry, manufacturing access covers and gully grates for roadway construction. These products, compliant with international standards like EN124, are used in major infrastructure projects and exported globally
Object of the Issue
- Funding of the 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 - PROMOTERS
| Name |
|---|
| Akhilesh Saklecha |
| Abhishek Saklecha |
| Neha Saklecha |
| Priyanka Saklecha |
Super Iron Foundry Lead Manager of the Issue
Horizon Management Private Limited
smeipo@horizon.net.co
Super Iron Foundry Registrar to the issue
MUFG Intime India Private Limited
superiron.smeipo@linkintime.co.in
Super Iron Foundry Strengths
Diversified product portfolio
The company offers a diverse portfolio of 500+ products, including customized solutions, making it a strategic supplier. Its range covers all grades of mild steel and spheroidal graphite cast iron
Global presence
With a strong market presence and commitment to quality, the company has established itself in European and Middle Eastern markets. Its manufacturing unit in Durgapur and port access in Kolkata support global distribution
Design & quality
The company prioritizes design, quality assurance, and control, which are crucial for exporting 95%+ of its products to quality-conscious European and Middle-Eastern markets. Dedicated teams ensure rigorous inspections and compliance with customer specifications
Super Iron Foundry Risks
Capital intensive
The company operates a capital-intensive business requiring significant financing. Debt obligations and financing restrictions may impact business operations
Dependent on vendors
The company relies on third parties for transportation and export. Any service disruptions or quality issues could negatively impact business operations and financial performance
Operational risks
The company faces operational risks from equipment obsolescence, breakdowns, or inadequate maintenance. Failure to upgrade with modern technology could impact market expansion and competitiveness
IPO FAQs
The promoters of the company are Akhilesh Saklecha, Abhishek Saklecha, Neha Saklecha and Priyanka Saklecha.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 108.0 - 108.0.
The IPO application opens on Mar 11, 2025 and closes on Mar 13, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 129,600.0, the maximum value for this IPO is Rs 129,600.0.
This IPO will be allotted on Mar 17, 2025.
The refund will be credited to your account on Mar 18, 2025.
The allotted shares will be credited to your demat on Mar 18, 2025.
Super Iron Foundry Ltd.’s shares listed on the stock exchanges on Mar 19, 2025.