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Super Iron Foundry IPO opens on March 11, priced at ₹108 per share
Sandip Raj Gupta
06/Mar/2025
- Super Iron Foundry IPO is a fixed-price issue of ₹68.05 crore, offering 63.01 lakh fresh shares at ₹108 per share.
- The IPO opens for subscription on March 11 and closes on March 13, with listing on BSE SME expected on March 19.
- The company manufactures municipal castings, ductile iron pipe fittings, and exports to 38 countries, including the USA, UK, and Germany.
Super Iron Foundry Limited is set to launch its initial public offering (IPO) on March 11, 2025, with a fixed price of ₹108 per share. The IPO, worth ₹68.05 crore, consists entirely of a fresh issue of 63.01 lakh shares.
Super Iron Foundry IPO Key Details
- IPO Opening Date: March 11, 2025
- IPO Closing Date: March 13, 2025
- Allotment Date: March 17, 2025
- Listing Date: March 19, 2025 (Tentative)
- Issue Price: ₹108 per share
- Lot Size: 1,200 shares
- Retail Minimum Investment: ₹1,29,600 (1 lot)
- HNI Minimum Investment: ₹2,59,200 (2 lots)
- Exchange Listing: BSE SME
- Lead Manager: Horizon Management Private Limited
- Registrar: Link Intime India Private Ltd
- Market Maker: Giriraj Stock Broking Private Limited
Company Overview
Super Iron Foundry Limited, incorporated in 1988, is engaged in manufacturing ductile and grey iron castings, catering to sectors such as municipal infrastructure, automotive, agriculture, railways, and waterworks.
The company's products include:
- Municipal Castings
- Ductile Iron Pipe Fittings
- Automotive and Agricultural Castings
- Railway Castings and Counterweights
- Screw Piles
Super Iron Foundry is an export-driven business, serving 38 countries, including the USA, UK, Canada, Germany, and Middle Eastern nations. The company's castings have been used in prestigious projects like the New Hamad Port Project, Lusail FIFA Stadium, and the Dubai South development.
Manufacturing & Certifications
- The company operates a 20-acre production and warehouse facility in Durgapur, West Bengal.
- It has a modern robotic production line, ensuring high-quality manufacturing and sustainability.
- Super Iron Foundry holds ISO 9001:2015 and ISO 14001:2018 certifications, demonstrating compliance with international quality and environmental standards.
Competitive Strengths
- Wide product range catering to multiple industries.
- State-of-the-art production facility with advanced technology.
- Strong global presence, exporting to 38 countries.
- Compliance with international industry standards.
The IPO's listing on BSE SME indicates a potential growth opportunity for investors seeking exposure to India's expanding industrial manufacturing sector.