Super Iron Foundry IPO listing: Shares of Super Iron Foundry had a subdued market debut on March 19, 2025, following its initial public offering (IPO). The company’s stock was listed at ₹107.95 per share on the BSE SME, marking a slight discount of ₹0.05 or 0.05% from the issue price of ₹108 per share.
| Listing Date | 19 March 2025 |
| Issue Price | ₹108 Per Share |
| Listing Price | ₹107.95 |
| Listing Loss | –0.05% |
Super Iron Foundry IPO details
The Super Iron Foundry IPO is a fixed-price SME issue that opened for subscription on March 11, 2025, and closed on March 13, 2025, aiming to raise ₹68.05 crore through a fresh issue of 63.01 lakh shares. The issue price was set at ₹108 per share, with a minimum lot size of 1,200 shares, requiring a retail investment of ₹1,29,600.
- IPO Date: March 11-13, 2025
- Issue Price: ₹108 per share
- Lot Size: 1,200 shares
- Total Issue Size: ₹68.05 crore
- Listing Date: March 19, 2025
- Listing Platform: BSE SME
- Subscription: 1.54 times overall (Retail: 1.79x, NII: 1.31x)
- No QIB participation
- Use of Funds: Working capital, debt repayment, general corporate purposes
- Company Profile: Established in 1988, engaged in municipal castings and iron products
- Manufacturing Facility: Located in Durgapur, West Bengal, with 72,000 MT annual capacity
Super Iron Foundry IPO Overall Subscription
Super Iron Foundry IPO subscribed 1.56 times. The public issue subscribed 1.79 times in the retail category and 1.34 times in the NII category.
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| RII | 0.59x | 0.84x | 1.79x |
| NII | 0.14x | 0.06x | 1.34x |
| QIB | – – | – – | – – |
| Total | 0.36x | 0.45x | 1.56x |
Company Financial Report
Super Iron Foundry company reported revenue of 156.87 crores in 2024 against 126.23 crore in 2023. The company reported profit of ₹3.94 crores in 2024 against Profit of ₹1.28 crores in 2023.
About Super Iron Foundry Company
Super Iron Foundry exports its products mainly to Europe and the Middle East. In Europe, they work with distributors under subcontract manufacturing, with stable yearly orders except before snowfall (July–September). Their Middle Eastern business operates through agents supplying directly to mega projects, with a slight slowdown during Ramadan.
The company has contributed to major projects like the New Hamad Port and Lusail FIFA Stadium in Qatar. They have diversified into castings for water pipes, railways, counterweights, and agriculture. Their West Bengal facility spans 20 acres, producing 72,000 MT annually. Automation and robotics have boosted efficiency, reducing power consumption and increasing profit margins.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
