Super Iron Foundry IPO Review – Should You Apply or Not?
Posted by : sachet | Mon Mar 10 2025
Super Iron Foundry IPO is set to be listed on the Indian stock exchanges on 19th March 2025, Tuesday. Investors will be allowed to subscribe for the public offer from 10:00 AM starting on 11th March 2025 and the last bid will be received on 13th March 2025, Thursday.
The Super Iron Foundry IPO is a fixed price issue offered at a price of ₹ 108 per share with a total size of 63,01,200 equity shares. The minimum lot size of the offer is set at 1200 shares for the retail segment, whereas for the HNI segment the lot size is 2400 equity shares.
The total IPO size in terms of value stands at a figure of ₹ 68.05 crores with a total quantity of 63,01,200 equity shares. The Super Iron Foundry IPO carries a face value of ₹ 10 per share.
The market maker for the Super Iron Foundry Limited IPO is Giriraj Stock Broking Private Limited, while the registrar is Link Intime India Private Limited. The book-running lead manager of the IPO is Horizon Management Private Limited.
Super Iron Foundry IPO Key Details
| Particulars | Details |
| IPO Size (quantity) | 63,01,200 equity shares |
| IPO Size (value) | ₹ 68.05 crores |
| Lot Size (retail) | 1,200 equity shares |
| Lot Size (HNI) | 2,400 equity shares |
| Issue Price (Fixed) | ₹ 108 / share |
| Face Value | ₹ 10 / share |
| Issue Type | Fixed issue |
| Listing At | BSE SME |
Super Iron Foundry IPO Dates
| Particulars | Dates |
| Open Date | 11th Match 2025, Tuesday |
| Close Date | 13th March 2025, Thursday |
| Basis of Allotment | 17th March 2025, Monday |
| Initiation of Refund & Credit of Shares | 18th March 2025, Monday |
| Listing Date | 19th March 2025, Tuesday |
Super Iron Foundry IPO – Grey Market Premium (GMP)
Super Iron Foundry IPO GMP: Grey Market Premium (GMP) refers to the price of an IPO trailing in the grey markets. It also refers to the difference between the issue price and the grey market price of an IPO.
Super Iron Foundry Limited has a trading grey market premium of ₹ 36 as of 11th March 2025. This GMP indicates a premium listing of the IPO on the Indian markets. Refer to the table below for more information on the Super Iron Foundry IPO GMP of the previous days:
Super Iron Foundry IPO GMP Trend
| GMP Date | [A]GMP (₹) | [B]Issue Price (₹) | [A+B]Estimated Listing Price (₹) | Estimated Listing Gains (%) |
| 11-03-2025 | ₹ 36 | ₹ 108 | ₹ 144 | 33.33% |
| 10-03-2025 | ₹ 0 | ₹ 108 | ₹ 108 | 0.00% |
| 09-03-2025 | ₹ 0 | ₹ 108 | ₹ 108 | 0.00% |
| 08-03-2025 | ₹ 0 | ₹ 108 | ₹ 108 | 0.00% |
| 07-03-2025 | ₹ 0 | ₹ 108 | ₹ 108 | 0.00% |
| 06-03-2025 | ₹ 0 | ₹ 108 | ₹ 108 | 0.00% |
*Data is updated as of 11th March 2025
Super Iron Foundry IPO Financial Performance
Before investing in a company, it is crucial to analyse its financial performance to understand the profit growth, cash flow, and other risks and strengths. Analysis of the financial statements can help you to project future profitability prospects. Therefore, to make informed decisions regarding the Super Iron Foundry IPO, you must take a look at the below financials of the company:
| Particulars | FY 2024 | FY 2023 | FY 2022 |
| Revenue From Operations | ₹ 6,804.80 | ₹ 5,532.18 | ₹ 7,856.76 |
| Restated Profits For the Year | ₹ 394.07 | ₹ 128.33 | ₹ 87.89 |
| PAT Margin (%) | 11.85 % | 10.77 % | 8.12 % |
| Total Assets | ₹ 23,232.07 | ₹ 20,920.24 | ₹ 19,774.53 |
| Total Current Liabilities | ₹ 14.505.16 | ₹ 12,556.75 | ₹ 10,731.35 |
| Total Non-Current Liabilities | ₹ 3,071.20 | ₹ 3,101.84 | ₹ 3,909.87 |
(Figures are in ₹Lakhs)
The above table depicts the financial performance of Super Iron Foundry Limited from the FY 2022 – FY 2024. The company has earned a significant revenue from operations in the given period. In FY 2022, the revenue of the company was ₹ 7,856.76 lakhs, which was decreased by 29.58 % in FY 2023 to ₹ 5,532.18. However, it saw some bounce back in revenue figures in FY 2024 with an increase of 23.00 % to ₹ 6,804.80 lakhs.
Unlike revenues, Super Iron Foundry Limited has experienced a consistent growth in the profit figures combined with a growing profit margin from FY 2022 – FY 2024. In FY 2022, the profits of the company stood at ₹ 87.89 lakhs with increasing to ₹ 128.33 in FY 2023 and ₹ 394.07 in FY 2024.
Super Iron Foundry Limited Key Performance Indicators (KPIs)
Key Performance Indicators are mathematical matrices that lead that are derived using financial information of companies. These are quantitative measures which can help you to analyse the performance of Super Iron Foundry Limited, assisting you in making a better investment decision.
| P/E Ratio (Pre-IPO) | 46.84 |
| P/E Ratio (Post-IPO) | 19.89 |
| D/E Ratio | 6.26 |
| EPS (Pre IPO) | 2.31 |
| EPS (Post-IPO) | 5.43 |
| ROE | 7.53 % |
| ROCE | 7.22 % |
| RONW | 6.97 % |
| P/BV | 3.15 |
Super Iron Foundry Limited Peer Comparison
| Financial Metrics | Super Iron Foundry Limited | Bhagwati Autocast Limited | Universal Auto Foundry Limited |
| EPS (Basic) | 2.39 | 24.10 | 3.93 |
| EPS (Diluted) | 2.39 | 24.10 | 3.93 |
| Face Value | ₹ 10 | ₹ 10 | ₹ 10 |
| PE Ratio | NA | 20.40 | 79.10 |
| RONW (%) | 6.97 % | 18.40 % | 6.70 % |
| NAV (Per Share) | 34.28 | 142 | 58.66 |
| Pat Margin (%) | 2.51 % | 5.22 % | 2.41 % |
(Figures in Lakhs except ratios and percentages)
Super Iron Foundry IPO Reservation Requirement
Super Iron Foundry IPO is a BSE SME IPO, likely to be listed on the Indian stock exchanges on 18th March 2025. The Super Iron Foundry IPO reservation is as follows:
| Investor Categories | Reservation Required |
| QIB | <50% of net issue |
| Retail Investors | >35% of net issue |
| NII (HNI) | >15% of net issue |
| Total | 100% |
Super Iron Foundry IPO Lot Size Structure
| Investors Category | Lots | Minimum shares (A) | Issue Price (B) | Amount (A*B) |
| Retail (Min) | 1 | 1,200 | ₹ 108 | ₹ 1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹ 108 | ₹ 1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹ 108 | ₹ 2,59,200 |
Super Iron Foundry IPO Subscription Details
Super Iron Foundry IPO was subscribed 0.02 times as of 10:29:33 AM on the opening day. This subscription was dominated by the retail category with 0.04 times, followed by the NII category and the QIB category.
| Investor Category | Subscription (Times) | Shares Offered | Shares Bid | Total Amount (₹ cr.) |
| Non Institutional Buyers | 0 | 29,92,800 | 2,400 | ₹ 0.03 |
| Retail Investors | 0.04 | 29,92,800 | 1,16,400 | ₹ 1.26 |
| Total | 0.02 | 59,85,601 | 1,18,800 | ₹ 1.28 |
*Data updated as of 11th March 2025 at 10:29 AM
Super Iron Foundry IPO Objectives
Super Iron Foundry IPO is being issued at a fixed price of ₹ 108, which includes a premium of ₹ 98 per equity share. Super Iron Foundry Limited intends to use the net issue proceeds from the IPO for the following objectives:
- Repayment or pre-payment, in full or in part, of certain borrowings availed by the company.
- To meet the working capital requirements.
- General corporate purposes
Super Iron Foundry Limited will be deploying the net issue proceeds (Gross issue proceeds – issue expenses) for the fulfilment of the objectives mentioned above in the following manner:
| Sr. No. | Particulars | Estimated Cost | Amount To Be Deployed From Net Proceeds | Funding From Internal Accruals | Estimated Amount of Net Proceeds To Be Used In FY 2025 |
| 1 | Repayment or pre-payment, in full or in part, of certain borrowings availed by the company. | ₹ 13,078.60 | ₹ 2,900.00 | ₹ 10,178.60 | 2,900.00 |
| 2 | To meet working capital requirements | ₹ 1,600.00 | ₹ 1,600.00 | Nil | ₹ 1,600.00 |
| 4 | General Corporate Purposes* | ₹ 1,524.39 | ₹ 1,524.39 | Nil | ₹ 1,524.39 |
(figures in ₹ lakhs)
About Super Iron Foundry Limited
Super Iron Foundry Limited was incorporated in the year 1988. It was primarily incorporated as a private limited company in West Bengal, and was converted to a public limited company on 11th September 2024. The company set up its first factory in 2009 and started manufacturing in 2013.
It manufactures municipal castings, ductile iron pipe fittings, ductile iron automotive castings, ductile iron agricultural castings, railway castings, and cast-iron counterweights. Super Iron Foundry Limited is also engaged in the business of Iron and steel foundry, particularly focusing on casting and manufacturing business.
The product segment of Super Iron Foundry Limited includes Municipal Castings, Ductile Iron Pipe Fittings, Ductile Iron Automotive Castings, Ductile Iron Agricultural Castings, Railway Castings, Cast Iron Counterweights, and Screw Piles.
The company exports its products in European and Middle Eastern markets. In the European markets, the company sells its products through a distributor network and in the Middle Eastern market, Super Iron Foundry Limited drives its business through agents who work in mega projects on its behalf.
How to Apply for Super Iron Foundry IPO
To apply for the Super Iron Foundry IPO, you simply need to follow the below steps:
Step 1 – Research the risks, benefits, and key details of the public offer.
Step 2 – Open a demat account with Univest to know more about the IPO and invest in it. If you have an old demat account, you can also use it to invest in the IPO.
Step 3 – If you are a retail investor, place a bid of 1,200 shares for a total amount of ₹ 1,29,600 lakh.
Step 4 – Once the bidding process is completed, you will receive a request for payment initiation using your chosen investment method. Approve the payment request and stay updated with the allotment status for the Super Iron Foundry IPO.
Snapshot of Super Iron Foundry IPO
- Super Iron Foundry IPO is a fixed price issue consisting of 63,01,200 equity shares aggregating to an IPO size of ₹ 68.05 Crores.
- The IPO is set to open for subscription on 11th March 2025 and close on 13th March 2025.
- The issue consists of a whole fresh issue of ₹ 68.05 cr. (63,01,200 shares)
- The Super Iron Foundry IPO GMP is currently trading at ₹ 0, which indicates a neutral listing of shares on the Indian markets.
FAQ on Super Iron Foundry IPO
1. What is the price of the Super Iron Foundry IPO?
The Super Iron Foundry IPO is a fixed price issue consisting entirely of a fresh issue of shares aggregating to a total size of ₹ 68.05 crores, which is being offered with a fixed price ₹ 108 per share.
2. When will the IPO of Super Iron Foundry Limited open for subscription?
The Super Iron Foundry IPO will open for subscription on 11th March 2025 and close on 13th March 2025.
3. How can I check Super Iron Foundry IPO status?
You can check the status of the Super Iron Foundry IPO either on the official website of the Bombay Stock Exchange or through your registered stockbroking platform.
4. What is the GMP of Super Iron Foundry IPO?
The latest updated GMP of the Super Iron Foundry IPO as of 11th March 2025 is ₹36.
Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link.
Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Super Iron Foundry IPO, download the Super Iron Foundry IPO RHP and IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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