Super Iron Foundry SME IPO Details, Financials, Valuation & Peers
Explore Super Iron Foundry IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Super Iron Foundry Limited is an iron and steel foundry specializing in casting and manufacturing municipal castings, ductile iron pipe fittings, automotive and agricultural castings, railway components, and counterweights. Established in 1988 and headquartered in Kolkata, the company commenced commercial operations in 2013 after setting up its state-of-the-art manufacturing facility in Durgapur, West Bengal. With a strong focus on quality, automation, and international standards, Super Iron Foundry exports its products to Europe and the Middle East while catering to the domestic infrastructure, automotive, and agriculture sectors. The company’s products play a crucial role in major construction and infrastructure projects, including stormwater, sewerage, telecom, and other utility networks. Its production facility, spread over 20 acres, boasts a capacity of 72,000 MT per annum and is equipped with modern robotic systems for precision and efficiency.
Key Points:
- Product Portfolio – Manufactures municipal castings, ductile iron pipe fittings, railway components, automotive and agricultural castings, and counterweights.
- Market Presence – Strong export business to Europe and the Middle East, supplying major infrastructure projects such as the Lusail FIFA Stadium (Qatar), New Hamad Port (Qatar), and Airport Expansion (Oman).
- Manufacturing Facility – Modern automated facility in Durgapur, West Bengal, spanning 20 acres, with robotic systems for painting and grinding to enhance efficiency and quality.
- B2B Customer Base – Supplies tailor-made casting solutions to municipalities, infrastructure companies, automotive and agricultural industries, and railway networks.
Objects of the Issue
- Funding of the working capital requirements of the Company
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 11 Mar - 13 Mar 2025 |
| IPO Price Band | ₹108 per share |
| Fresh Issue | 63,01,200 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹68.05 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 11 Mar 2025 |
| IPO Closing Date | 13 Mar 2025 |
| Basis Of Allotment | 17 Mar 2025 |
| Refunds | 18 Mar 2025 |
| Demat Transfer | 18 Mar 2025 |
| IPO Listing Date | 19 Mar 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Dec 2024 |
|---|---|---|---|---|
| Total Income | 132.31 | 126.23 | 156.87 | 94.91 |
| Total Expenses | 130.81 | 124.44 | 152.15 | 82.18 |
| Net Profit/Loss | 0.88 | 1.28 | 3.94 | 9.53 |
| NPM (*) | 0.67 | 1.03 | 2.55 | 10.92 |
| Total Assets | 197.75 | 209.20 | 232.32 | 226.62 |
| Total Liabilities | 146.41 | 156.59 | 175.76 | 156.03 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Dec 2024 |
|---|---|---|---|---|
| EPS | 0.53 | 0.78 | 2.39 | 5.77 |
| ROE (%) | 1.74 | 2.47 | 7.22 | 14.98 |
| ROCE (%) | 3.53 | 5.44 | 7.53 | 10.93 |
| D/E Ratio | 2.45 | 2.29 | 2.10 | 1.57 |
| Current Ratio | 1.27 | 1.20 | 1.21 | 1.36 |
| EBITDA MARGIN (%) | 8.12 | 10.77 | 11.85 | 27.24 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Super Iron Foundry Limited | 154.83 | 45.19 | 2.39 | 6.97 | 34.28 |
| Bhagwati Autocast Limited | 134.21 | 20.40 | 24.10 | 18.40 | 142 |
| Universal Auto Foundry Limited | 202.50 | 79.10 | 3.93 | 6.70 | 58.66 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 1.33 |
| Retail Individual Investor (RII) | 1.7 |
| Total | 1.52 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- ABHISHEK SAKLECHA
- AKHILESH SAKLECHA
- NEHA SAKLECHA
- PRIYANKA SAKLECHA
- ABI TRADING PRIVATE LIMITED
Lead Managers
- Horizon Management Private Limited
Company Address
Super Iron Foundry Limited
Aspiration Vintage 12, Pretoria Street, 1 st Floor, Suite 1B, Kolkata – 700 071
Phone: + 91 33 4060 3050
Email: cs@superironfoundry.com
Website: www.superironfoundry.com
FAQs
- What is the issue size of the Super Iron Foundry SME IPO?The Super Iron Foundry SME IPO has an issue size of ₹68.05 crore. This includes a fresh issue of 63,01,200 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Super Iron Foundry IPO?The price band for the Super Iron Foundry IPO is ₹108 per share.
- What are the bidding dates for the Super Iron Foundry IPO?The Super Iron Foundry IPO will open for bidding on 11 Mar 2025 and close on 13 Mar 2025.
- What is the allotment date for the Super Iron Foundry IPO?The allotment date for the Super Iron Foundry IPO is 17 Mar 2025.
- What is the minimum lot size and investment required for the Super Iron Foundry IPO?The minimum lot size for the Super Iron Foundry IPO is 1200 shares and the minimum investment required is ₹1,29,600.
- What is the listing date for the Super Iron Foundry IPO?The listing date for the Super Iron Foundry IPO is 19 Mar 2025.
- What is the Super Iron Foundry IPO grey market premium?The grey market premium (GMP) for the Super Iron Foundry IPO is currently at ₹15, with an expected listing gain of approximately 13.89%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.