Super Iron Foundry Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,992,800 (48%) | — | ₹3,232 Cr |
| Retail | — | 2,992,800 (48%) | — | ₹3,232 Cr |
| Market Maker | — | 315,600 (5%) | — | ₹34 Cr |
| Σ Total | — | 6,301,200 (100%) | — | ₹68,053 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,814,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,683,200 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 95 | 157 | 126 |
| Profit After Tax | 10 | 4 | 1 |
| Net Worth | 71 | 57 | 53 |
| Total Assets | 227 | 232 | 209 |
| Reserves & Surplus | 54 | 40 | 36 |
| Total Borrowing | 111 | 119 | 120 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of working capital requirements of the company – 29.00
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company – 16.00
- General corporate purposes – 15.24
Company Overview
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.