Super Iron Foundry Ltd

Super Iron Foundry Ltd IPO

IPO Price Range: ₹108 - 108

We are engaged in the business of iron and steel foundry, more particularly in the business of casting and manufacturing of access covers and gully grates used in roadway construction. Our products are used in major construction projects to provide access covers to cover the storm water, sewerage, telecom and other utility networks. Our Company manufactures and exports these covers globally, as our products are compliant to international standards like EN124. We manufacture municipal castings, ductile iron pipe fittings, ductile iron automotive castings, ductile iron agricultural castings (rollers and cross skills), railway castings and cast-iron counterweights. The municipal castings are used in primarily in roadway construction and these products are used in major construction projects to provide access covers to cover the storm water, sewerage, telecom and other utility networks. Application of other product groups manufactured by our company is in automotive, agriculture equipments and applications where weight balancing and stability are crucial. Our production facility is equipped with modern robotic equipments, ensures quality standards and control and follows sustainable practices, making us a preferred choice for our customers from across the globe giving them a one stop shop solution for all their casting needs.

Min Investment

₹1,29,600

IPO Size

₹68 Cr

IPO Status

Live

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Super Iron Foundry Ltd

passed
Open Date11 Mar 2025
upcoming
Close Date13 Mar 2025
Allotment Date17 Mar 2025
Listing Date19 Mar 2025

IPO subscribed over

🚀 0.4123x

This IPO has been subscribed by 0.7185x in retail and 0x in QIB.

Subscription Rate

Total Subscription0.4123x
Retail Individual Investors0.7185x
Qualified Institutional Buyers0x
Non Institutional Investors0.1496x

Key Statistics

Bid Opening DateBid Opening Date11 Mar 2025
Bid Closing DateBid Closing Date13 Mar 2025
Allotment DateAllotment Date17 Mar 2025
Issue SizeIssue Size₹68.05Cr
Quantity in 1 lotQuantity in 1 lot1200

Strengths and Risks of Super Iron Foundry Ltd IPO

Strengths

Strengths

  • Diversified product mix with strong focus on customised products.

  • One of the leading manufacturers of manhole grates and access covers with long standing market presence.

  • Geographical presence.

  • Design, quality assurance and quality control of its products.

  • Strong and cordial relationship with its clients.

  • Cost effective production and timely fulfilment of orders.

  • Well experienced management team.

  • Marquee customers globally.


Risks

Risks

  • Its manufacturing facility is located in Durgapur, District Burdwan, West Bengal. Any disruption, breakdown or shutdown of its manufacturing facility may have a material adverse effect on the company business, financial condition, results of operations and cash flow.

  • Its manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Conflicts of interest may arise out of common business objects shared by the Company and its Promoters, which may affect the company business, results of operations and financial conditions.

  • A significant majority of its revenues from operations are derived from a limited number of customers.

  • The company does not own its Registered Office. A failures to renew its existing arrangement at commercially favourable terms or at all may have a material adverse effect on its business, financial condition and results of operation.

  • Failures to obtain or renew approvals, licenses, registrations and permits to operate the company business in a timely manner, or at all, may adversely affect its business, financial condition, results of operations and cash flows.

  • The company business is capital intensive. Its requires substantial financing for the company business operations. Its indebtedness and the conditions and restrictions imposed on by the company financing arrangements could adversely affect its ability to conduct the company business.

  • The company has experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

  • The Company, its Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • Approximately 95% of its revenue are derived from export of the company product. Any change on Indias bi-lateral trade treaties with importing countries can impact the business in the long run.

Promoters Holding

Investors Holdings %
Abhishek Saklecha0.6%
Akhilesh Saklecha0.6%
Neha Saklecha0.26%
Priyanka Saklecha0.26%
ABI Trading Pvt Ltd94.8%

Frequently Asked Questions of Super Iron Foundry Ltd IPO

  • What is the size of the Super Iron Foundry Ltd IPO?

    The size of the Super Iron Foundry Ltd IPO is ₹68.05Cr .

  • What is 'pre-apply' for Super Iron Foundry Ltd IPO?

    'Pre-apply' for Super Iron Foundry Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Super Iron Foundry Ltd IPO order be placed?

    Your Super Iron Foundry Ltd IPO order will be placed on 11 Mar 2025.

  • What are the open and close dates of the Super Iron Foundry Ltd IPO?

    The open and close dates of the Super Iron Foundry Ltd IPO are 11 Mar 2025 to 13 Mar 2025.

  • What is the lot size and minimum order quantity of the Super Iron Foundry Ltd IPO?

    The lot size and minimum order quantity of the Super Iron Foundry Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the Super Iron Foundry Ltd IPO?

    The potential listing gains on the Super Iron Foundry Ltd IPO will depend on various market factors and cannot be predicted with certainty.