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Super Iron Foundry IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Mar 11 to Mar 13 2025
Price Band ₹108
Current GMP ₹107.95(0.05%)
Subscription 1.56 times

IPO Details

IPO Date
March 11, 2025 to March 13, 2025
Listing Date
[.]
Face Value
₹10 per share
Issue Price
₹108 per share
Lot Size
1,200 Shares
Total Issue Size
63,01,200 shares (aggregating up to ₹68.05 Cr)
Fresh Issue
63,01,200 shares (aggregating up to ₹68.05 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME
Share Holding Pre Issue
1,70,92,473 shares
Share Holding Post Issue
2,33,93,673 shares
Market Maker Portion
3,15,600 sharesGiriraj Stock Broking Private Limited

IPO Subscription Details

Market Maker
1
Non-Institutional Buyers***
1.34
Retail Investors
1.79
Total **
1.56

Day Wise Sub

DayDay 1 Mar 11, 2025
NII*0.14
Retail0.59
Total0.36
DayDay 2 Mar 12, 2025
NII*0.06
Retail0.84
Total0.45
DayDay 3 Mar 13, 2025
NII*1.34
Retail1.79
Total1.56

Day Wise GMP

Date19-03-2025
Price108.00
GMP3(2.78%)
Estimate List Price111
Date18-03-2025
Price108.00
GMP3(2.78%)
Estimate List Price111
Date17-03-2025
Price108.00
GMP15(13.89%)
Estimate List Price123
Date16-03-2025
Price108.00
GMP15(13.89%)
Estimate List Price123
Date15-03-2025
Price108.00
GMP15(13.89%)
Estimate List Price123
Date14-03-2025
Price108.00
GMP15(13.89%)
Estimate List Price123
Date13-03-2025
Price108.00
GMP15(13.89%)
Estimate List Price123
Date12-03-2025
Price108.00
GMP15(13.89%)
Estimate List Price123
Date11-03-2025
Price108.00
GMP15(13.89%)
Estimate List Price123
Date10-03-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date09-03-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date08-03-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date07-03-2025
Price108.00
GMP0(0.00%)
Estimate List Price108
Date06-03-2025
Price108.00
GMP0(0.00%)
Estimate List Price108

IPO Important Dates

IPO Open Date
Tue, Mar 11, 2025
IPO Close Date
Thu, Mar 13, 2025
Tentative Allotment
Mon, Mar 17, 2025
Initiation of Refunds
Tue, Mar 18, 2025
Credit of Shares to Demat
Tue, Mar 18, 2025
Tentative Listing Date
Wed, Mar 19, 2025
Cut-off time for UPI mandate confirmation
5 PM on March 13, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1200
Amount₹1,29,600
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹1,29,600
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹2,59,200

Financial Information

Period EndedPeriod Ended
31 Dec 202431 Dec 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Dec 2024226.62
31 Mar 2024232.32
31 Mar 2023209.2
Period EndedRevenue
31 Dec 202494.91
31 Mar 2024156.87
31 Mar 2023126.23
Period EndedProfit After Tax
31 Dec 20249.53
31 Mar 20243.94
31 Mar 20231.28
Period EndedNet Worth
31 Dec 202470.59
31 Mar 202456.56
31 Mar 202352.62
Period EndedReserves and Surplus
31 Dec 202453.5
31 Mar 202440.06
31 Mar 202336.12
Period EndedTotal Borrowing
31 Dec 2024110.96
31 Mar 2024118.63
31 Mar 2023120.44

IPO Reservation

Anchor Investor Shares Offered
-
Market Maker Shares Offered
3,15,600 (5.01%)
Other Shares Offered
29,92,800 (47.5%)
Retail Shares Offered
29,92,800 (47.5%)
Total Shares Offered
63,01,201 (100%)

Information about company

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.

Objectives of IPO

The Company Super Iron Foundry IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (in Million) 1 Funding of working capital requirements of the company 290 2 Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company 160 3 General corporate purposes 152.44

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App