Super Iron Foundry IPO
- IPO Date11 Mar, 2025 to 13 Mar, 2025
- Listing Date19 Mar, 2025
- Face Value₹10 per share
- Issue Price-
- Lot Size1200 Shares
- Minimum Investment₹0
- Listing AtBSE SME
- Total Issue Size63,01,200 Shares
- Fresh Issue63,01,200 Shares
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,70,92,473
- Shareholding post issue2,33,93,673
IPO Dates
Closing Date
13 Mar, 2025
Initiation of Refunds
18 Mar, 2025
Listing Date
19 Mar, 2025
11 Mar, 2025
Opening Date
17 Mar, 2025
Basis of Allotment
18 Mar, 2025
Credit of Shares
Super Iron Foundry 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 |
| S-HNI (Min) | 2 | 2400 | ₹2,59,200 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Super Iron Foundry Promoter Holding
The promoters of the company are Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha and Priyanka Saklecha.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.53% | 70.53% |
Super Iron Foundry COMPANY INFORMATION
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 opens for subscription on March 11, 2025 and closes 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.
About Us of Super Iron Foundry IPO
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.
Super Iron Foundry IPO
IPO Overview and Key Highlights
Super Iron Foundry, a Kolkata-based manufacturer of cast iron and ductile iron products, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of 63,01,200 equity shares with a face value of ₹10 each, aggregating to ₹6,805.30 lakhs. There is no Offer for Sale (OFS) in this issue. The funds will be utilized for working capital requirements, debt repayment, and general corporate purposes. The shares will be listed on the SME Platform of BSE.
Key IPO Details
- Type of Issue • Fixed Price Issue
- Total Issue Size • 63,01,200 equity shares
- Face Value • ₹10 per share
- Issue Price • ₹108 per share
- Offer Opens • March 11, 2025
- Offer Closes • March 13, 2025
- Listing Exchange • SME Platform of BSE
- Market Maker Reservation • 3,15,600 equity shares
Company Overview
Super Iron Foundry was originally incorporated as Super Iron Foundry Private Limited in 1988 and later converted into a public company in 2024. The company specializes in manufacturing iron castings used in roadway construction, infrastructure, and utility networks.
- Promoters • Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha, Priyanka Saklecha, and ABI Trading Private Limited
- Headquarters • Kolkata, West Bengal
- Corporate Identification Number (CIN) • U27310WB1988PLC044810
Financial Overview
Super Iron Foundry has shown consistent revenue growth, leveraging its long-standing industry experience and expanding global exports. The IPO proceeds will be used to enhance production capacity, improve supply chain efficiency, and strengthen financial stability.
Key Strengths of Super Iron Foundry
- Established Industry Presence • Over three decades of experience in the iron casting sector.
- Strong Promoter Backing • Led by experienced professionals in manufacturing and exports.
- Expanding Market Reach • Focus on domestic infrastructure projects and global exports.
IPO Pros and Cons
Pros
Rising Demand for Infrastructure Products • Government initiatives boost iron casting and foundry sector.
IPO Proceeds Utilization • Strengthening business expansion, working capital, and financial stability.
SME Listing on BSE • Offers potential for growth in the small-cap segment.
Cons
Market Dependency • Revenue tied to construction and industrial sector demand.
Competitive Landscape • Faces competition from domestic and global foundry companies.
Raw Material Costs • Fluctuations in iron prices may impact profitability.
Risk Factors
Potential investors should consider the following risks before investing:
- Economic Sensitivity • Revenue linked to infrastructure and construction demand cycles.
- Operational Challenges • Managing supply chain, production efficiency, and logistics.
- Regulatory Compliance • Adherence to environmental and industrial safety standards.
FAQs About Super Iron Foundry Ipo
Super Iron Foundry IPO will open on 11 Mar, 2025 and close on 13 Mar, 2025. Investors must apply within this period to participate.
The Super Iron Foundry IPO price band is set between ₹108.00 and ₹0.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹0.00.
The Super Iron Foundry IPO shares are expected to be listed on 19 Mar, 2025, subject to regulatory approvals and final allotment.
You can track your Super Iron Foundry IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Super Iron Foundry IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.