Super Iron Foundry is one of India’s oldest manufacturers of Grey Iron Castings, specializing in products such as municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings (including rollers and crosskills), railway castings, and cast-iron counterweights. Operating on a B2B business model, the company primarily serves roadway construction and infrastructure projects, providing solutions for stormwater, sewerage, telecom, and other utility networks.
The company focuses heavily on exports, with 95% of its products shipped to European and Middle Eastern markets. Key export destinations include Italy, Greece, Germany, Qatar, the UAE, Romania, Saudi Arabia, and others.
The IPO for Super Iron Foundry is scheduled to open on March 11, 2025, and will close on March 13, 2025. The price band for the IPO is set at ₹108 per share. The allocation includes a 50% quota for retail investors and a 50% quota for high-net-worth individuals (HNIs), with no quota reserved for qualified institutional buyers (QIBs). The shares are expected to be listed on the BSE on March 19, 2025. The allotment date for the IPO is March 17, 2025.
In terms of financial performance, the company reported a revenue of ₹156.87 crores in 2024, up from ₹126.23 crores in 2023. Its profits also saw significant growth, rising to ₹3.94 crores in 2024 compared to ₹1.28 crores in the previous year.
Super Iron Foundry IPO Details
| IPO Open Date: | March 11, 2025 |
| IPO Close Date: | March 13, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹108 Per Share |
| Issue Size: | Approx ₹68.05 Crores |
| Fresh Issue: | Approx ₹68.05 Crores |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Super Iron Foundry IPO Timeline
| IPO Open Date: | March 11, 2025 |
| IPO Close Date: | March 13, 2025 |
| Basis of Allotment: | March 17, 2025 |
| Refunds: | March 18, 2025 |
| Credit to Demat Account: | March 18, 2025 |
| IPO Listing Date: | March 19, 2025 |
Super Iron Foundry IPO SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹108.00 |
| Market Lot: | 1,200 Shares |
| 1 Lot Amount: | ₹1,29,600 |
| Min HNI Lots: | 2400 shares (2 lots) – ₹2,59,200 |
Super Iron Foundry Ltd: Financial Overview & Key Metrics
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 226.62 | 232.32 | 209.2 | 197.75 |
| Revenue | 94.91 | 156.87 | 126.23 | 132.31 |
| Profit After Tax | 9.53 | 3.94 | 1.28 | 0.88 |
| Net Worth | 70.59 | 56.56 | 52.62 | 51.33 |
| Reserves and Surplus | 53.5 | 40.06 | 36.12 | 34.83 |
| Total Borrowing | 110.96 | 118.63 | 120.44 | 125.72 |
