Listed
Super Iron Foundry Limited IPO
Super Iron Foundry IPO is a fixed price issue of Rs 68.05 crores. The issue is entirely a fresh issue of 63.01 lakh shares. Super Iron Foundry IPO bidding started from March 11, 2025 and ended on March 13, 2025. The allotment for Super Iron Foundry IPO was finalized on Monday, March 17, 2025. The shares got listed on BSE SME on March 19, 2025.
Min Investment
₹1,29,600
Lot Size
108 Shares
Price Range
₹108
Issue Size (₹ Cr.)
₹68.05 Cr
IPO Type
SME
Key Metrics
Face Value
₹ 10 per share
GMP
Subscription
1.56x
EPS
₹ 5.43
P/E Ratio
19.89 x
RoNW
6.97%
ROE
7.53%
Debt to Equity (₹ Cr.)
2.10
Timeline
IPO Opened11/03/2025Tuesday
IPO Closed13/03/2025Thursday
Allotted17/03/2025Monday
Refunded18/03/2025Tuesday
Listed19/03/2025Wednesday
Strengths
- Strong Market Presence – A well-established player in iron and steel castings, catering to domestic and international markets, including Europe and the Middle East.
- Debt Reduction Strategy – The company has successfully lowered its Debt-to-Equity ratio from 11.36x (FY22) to 4.48x (FY24), improving financial stability.
- High Production Capacity – Operates with an annual production capacity of 72,000 metric tons, supported by modern automation technologies for efficiency.
- Rising Demand for Iron Castings – Increasing demand in automotive, construction, and infrastructure sectors provides growth opportunities.
- IPO Fund Utilization – Proceeds from the IPO are being used for working capital and debt repayment, ensuring financial flexibility and operational growth.
Weaknesses
- High Debt Levels – Despite improvement, the Debt-to-Equity ratio of 4.48x (FY24) remains high, indicating continued reliance on borrowings.
- Competitive Industry – Operates in a highly competitive iron and steel casting market, facing pressure from both domestic and international players.
- Raw Material Price Volatility – The company depends on iron ore and steel, which are subject to fluctuations in global commodity prices, impacting profit margins.
- Working Capital Intensive Business – Requires significant capital for operations and inventory management, leading to potential liquidity challenges.
- Flat IPO Listing Performance – The stock listed at ₹107.95, slightly below the ₹108 issue price, indicating a muted investor response.
Financials
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets(₹Cr) | 226.62 | 232.32 | 209.2 | 197.75 |
| Revenue(₹Cr) | 94.91 | 156.87 | 126.23 | 132.31 |
| Profit After Tax(₹Cr) | 9.53 | 3.94 | 1.28 | 0.88 |
| Net Worth(₹Cr) | 70.59 | 56.56 | 52.62 | 51.33 |
| Reserves and Surplus(₹Cr) | 53.5 | 40.06 | 36.12 | 34.83 |
| Total Borrowing(₹Cr) | 110.96 | 118.63 | 120.44 | 125.72 |
Subscription Details
IPO Bidding Live Updates from BSE SME
| Day | # of Share Offered | Number of Lots Offered | 11th Mar 2025 18:55 | 12th Mar 2025 18:56 | 13th Mar 2025 18:21 |
|---|---|---|---|---|---|
| NII | 29,92,800 | 2494 | 0.14x | 0.06x | 1.34x |
| RII | 29,92,800 | 2494 | 0.59x | 0.84x | 1.79x |
| Total | 59,85,601 | 4988 | 0.36x | 0.45x | 1.56x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| NII | 29,92,800 | 40,08,000 | 43.29 | ||
| RII | 29,92,800 | 53,55,600 | 57.84 | ||
| Total | 59,85,601 | 93,63,600 | 101.13 |
Company Details
- Aspiration Vintage 12, Pretoria Street,1 st Floor, Suite 1B, Kolkata – 700071
+ 91 334060305
- cs@superironfoundry.com
- https://www.superironfoundry.com/
