Super Iron Foundry IPO Closed
Already have an account? Apply now
Schedule of Super Iron Foundry
| Issue open date | 11 Mar 2025 |
| Issue close date | 13 Mar 2025 |
| UPI mandate deadline | 13 Mar 2025 (5 PM) |
| Allotment finalization | 17 Mar 2025 |
| Refund initiation | 18 Mar 2025 |
| Share credit | 18 Mar 2025 |
| Listing date | 19 Mar 2025 |
| Mandate end date | 28 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 16 Apr 2025 |
| Lock-in end date for anchor investors (remaining) | 16 Jun 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Super Iron Foundry
Super Iron Foundry Limited was incorporated in 1988, with commercial operations commencing in 2013 after setting up a production facility in Durgapur, West Bengal. The company operates in the iron and steel foundry business, specializing in casting and manufacturing of access covers and gully grates used in roadway construction to cover storm water, sewerage, telecom, and other utility networks. The product portfolio includes municipal castings, ductile iron pipe fittings, automotive and agricultural castings (rollers and crosskills), railway castings, cast iron counterweights, and screw piles. The company mainly exports to European and Middle Eastern markets and has contributed to major projects such as the New Hamad Port Project, Dubai South Development, and Lusail FIFA Stadium. The production facility spans 20 acres with a 72,000 MT annual capacity, featuring advanced automation, robotic systems, and certifications like ISO 9001:2015 and BSI Kitemark for quality assurance.
Financials of Super Iron Foundry
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹68.05 crores |
| Fresh Issue | ₹68.05 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 29 (42.62%) |
| Debt reduction | 16(23.51%) |
| Issue related expenses | 7.81(11.47%) |
| General corporate purposes | 15.24(22.40%) |
Strengths
- Diversified product mix with 500+ customized products.
- Leading global brand for manhole grates and covers.
- Strong presence in Europe and Middle-East markets.
- Rigorous design, quality assurance, and control processes.
- One-stop solution provider for various casting needs.
- Cost-effective production and timely order fulfillment.
- Experienced management team with international expertise.
- Trusted by marquee customers across multiple countries.
Risks
- Disruption of Durgapur facility may severely impact business operations.
- Shortage or price fluctuation of raw materials affects profitability.
- Conflicts of interest may arise with promoters’ other business interests.
- Revenue concentration from limited customers increases business vulnerability.
- Non-ownership of registered office risks lease non-renewal issues.
- Failure to obtain necessary licenses could disrupt business activities.
- High capital needs and debt burden may strain finances.
Allotment Status for Super Iron Foundry
To check your allotment status – click here.
Subscription Figures for Super Iron Foundry
Subscription numbers as of 5:00 PM on 13 Mar 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| HNI (₹2L+) | 29.928 | 40.08 | 1.34x |
| Retail (upto ₹2L) | 29.928 | 53.55 | 1.79x |
| Total | 59.856 | 93.63 | 1.56x |