Super Iron Foundry Limited (BSE SME)
Mar 11, 2025 - Mar 13, 2025
| Price | ₹108 - ₹108 |
| Premium | ₹3 |
|---|---|
| Lot size | 1200 |
| Allotment | Mar 17, 2025 |
| Listing | Mar 19, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 129600 | 2494 |
| HNI | 2 | 2400 | 259200 | 2494 |
Last updated on 13-Mar-2025 17:10:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 2992800 | 4323600 | 1.44 |
| Retail | 2992800 | 5355600 | 1.79 |
| Total | 5985600 | 9679200 | 1.62 |
| Total Applications: 6315 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.2 | @8% ₹0.2 | @9% ₹0.3 | @10% ₹0.3 | @11% ₹0.3 | @12% ₹0.4 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 2992800 |
| Other | 47.5% | 2992800 |
| Market Maker | 5.01% | 315600 |
| Total No. of Shares | 100.0% | 6301200 |
IPO Details
| Total Issue Size | 63,01,200 Equity Shares aggregating up to 68.05 crore. |
| Fresh Issue Size | 63,01,200 Equity Shares aggregating up to 68.05 crore. |
| Issue Type | Fixeed Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,70,92,473 Equity Shares |
| Share holding post issue | 2,33,93,673 Equity Shares |
| Market Maker's portion | 3,15,600 Equity Shares |
| Market Maker | Giriraj Stock Broking |
Key Performance Indicators
| KPI | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 14.98% | 7.22% | 2.47% |
| ROCE | 10.93% | 7.53% | 5.44% |
| RONW | 13.49% | 6.97% | 2.44% |
| D/E | 4.48 | 6.26 | 8.65 |
| EPS (basic) | 5.77 | 2.39 | 0.78 |
| P/E Pre IPO | 46.84 | ||
| P/E Post IPO | 19.89 |
Financial Details In crores
| Period Ended | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 226.6 | 232.3 | 209.2 | 197.8 |
| Revenue | 94.9 | 156.9 | 126.2 | 132.3 |
| Profit After Tax | 9.5 | 3.9 | 1.3 | 0.9 |
| Net Worth | 70.6 | 56.6 | 52.6 | 51.3 |
| Reserves and Surplus | 53.5 | 40.1 | 36.1 | 34.8 |
| Total Borrowing | 111.0 | 118.6 | 120.4 | 125.7 |
About Company
Super Iron Foundry Limited, established in 1988 and headquartered in Durgapur, West Bengal, specializes in manufacturing high-quality iron and steel castings. The company produces a diverse range of products, including municipal castings, ductile iron pipe fittings, automotive and agricultural castings, railway components, and cast-iron counterweights. With a state-of-the-art manufacturing facility spanning 20 acres and a production capacity of 72,000 MT per annum, the company employs modern automation, robotic systems, and sustainable practices to maintain superior quality standards. Over 95% of its products are exported to Europe and the Middle East, where they are used in major infrastructure projects such as roadways, water networks, and telecom installations. Super Iron Foundry has long-term supply agreements with key global clients and is actively bidding for large-scale projects in Saudi Arabia. Its ISO-certified operations, in-house R&D, and stringent quality control processes ensure compliance with international standards, making it a trusted supplier in the global castings industry.
Horizon Management Private Limited
Diversified Product Portfolio & Customization – With over 500+ products, the company specializes in customized castings, positioning itself as a preferred supplier across multiple industries, including municipal, automotive, and railway sectors.
Market Leadership in Manhole Grates & Access Covers – A well-recognized brand globally, especially in Europe and the Middle East, with a strong reputation for quality and long-standing client trust.
Global Presence & Strong Export Market – Established footprint in European and Middle Eastern markets, backed by consistent quality, adherence to international standards, and strategic partnerships with key global clients.
Operational Dependence on a Single Facility – Any disruption, breakdown, or shutdown at the Durgapur manufacturing unit could significantly impact business operations, financial performance, and cash flow.
Raw Material Availability & Price Fluctuations – Dependence on key raw materials exposes the company to supply shortages and price volatility, which may adversely affect profitability and operations.
Potential Conflicts of Interest – Shared business objectives between the company and its promoters could lead to conflicts, potentially impacting decision-making and financial performance.
Avoid This IPO For Short Term In This Type Of Weak Market Conditions and also very low buying is seen in grey market and soon closed so only sellers are there
Phone: +91-22-4918 6270
Email: superiron.smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html