Super Iron Foundry IPO: A Comprehensive Analysis
The Initial Public Offering (IPO) landscape in India is ever-evolving, presenting numerous opportunities for investors. One such opportunity was the Super Iron Foundry Limited IPO, which opened on March 11, 2025, and closed on March 13, 2025. This blog post delves into the details of the IPO, providing a thorough analysis to help investors understand the offering.
Understanding Super Iron Foundry Limited
Super Iron Foundry Limited, incorporated in July 1988, specializes in manufacturing a diverse range of castings, including municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings, railway castings, and cast-iron counterweights. These products cater to various industries and infrastructure projects.

The company’s product applications include:
- Municipal Castings: Access covers for stormwater, sewerage, and telecommunications.
- Ductile Iron Pipe Fittings: Used in water supply and distribution networks.
- Automotive and Agricultural Castings: Components for automotive and agricultural equipment.
- Railway Castings: Parts used in railway infrastructure.
- Cast Iron Counterweights: Used for weight balancing and stability in various applications.
Key Details of the Super Iron Foundry IPO
Let’s break down the essential information about the IPO:
- IPO Date: March 11, 2025 to March 13, 2025
- Listing Date: March 19, 2025
- Face Value: ₹10 per share
- Issue Price: ₹108 per share
- Lot Size: 1,200 Shares
- Total Issue Size: 63,01,200 shares (aggregating up to ₹68.05 Cr)
- Fresh Issue: 63,01,200 shares (aggregating up to ₹68.05 Cr)
- Issue Type: Fixed Price Issue IPO
- Listing At: BSE SME
IPO Progress Tracker
IPO Reservation Details
The IPO allocated shares to different investor categories as follows:
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Market Maker | 3,15,600 | 5.01% |
| Non-Institutional Investors (NII) | 29,92,800 | 47.5% |
| Retail Investors (RII) | 29,92,800 | 47.5% |
| Total | 63,01,201 | 100% |
IPO Timeline
Here’s a schedule of the IPO events:
| Event | Date |
|---|---|
| IPO Open Date | Tue, Mar 11, 2025 |
| IPO Close Date | Thu, Mar 13, 2025 |
| Tentative Allotment | Mon, Mar 17, 2025 |
| Initiation of Refunds | Tue, Mar 18, 2025 |
| Credit of Shares to Demat | Tue, Mar 18, 2025 |
| Tentative Listing Date | Wed, Mar 19, 2025 |
Lot Size and Investment Details
Investors could bid for a minimum of 1200 shares and in multiples thereof. Here’s the investment breakdown:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
| Retail (Max) | 1 | 1200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
Promoter Holding
The promoters of Super Iron Foundry Limited are Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha, and Priyanka Saklecha.
- Share Holding Pre Issue: 96.53%
- Share Holding Post Issue: 70.53%
Company Financials
Here’s a snapshot of the company’s financial performance:
| Period Ended | 31 Dec 2024 (₹ Crore) | 31 Mar 2024 (₹ Crore) | 31 Mar 2023 (₹ Crore) | 31 Mar 2022 (₹ Crore) |
|---|---|---|---|---|
| Assets | 226.62 | 232.32 | 209.21 | 197.75 |
| Revenue | 94.91 | 156.87 | 126.23 | 132.31 |
| Profit After Tax | 9.53 | 3.94 | 1.28 | 0.88 |
| Net Worth | 70.59 | 56.56 | 52.62 | 51.33 |
| Total Borrowing | 110.96 | 118.63 | 120.44 | 125.72 |
Key Performance Indicators (KPI)
As of March 31, 2024:
- ROE: 7.53%
- ROCE: 7.22%
- Debt/Equity: 6.26
- RoNW: 6.97%
Objects of the Issue (IPO Objectives)
The Company Super Iron Foundry IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Million) |
|---|---|---|
| 1 | Funding of working capital requirements of the company | 290 |
| 2 | Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | 160 |
| 3 | General corporate purposes | 152.44 |
Company Contact Details
- Company: Super Iron Foundry Limited
- Address: Aspiration Vintage, 12, Pretoria Street, 1st Floor, Suite 1B, Kolkata – 700071
- Phone: +91 334060305
- Email: cs@superironfoundry.com
- Website: https://www.superironfoundry.com/
IPO Registrar
- Registrar: Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: superiron.smeipo@linkintime.co.in
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Conclusion
The Super Iron Foundry IPO presented a significant opportunity for investors to participate in the growth of a company with a diverse product portfolio and a strong presence in the casting industry. By understanding the IPO details, company financials, and future prospects, investors could make informed decisions. The analysis provided here aims to equip readers with a comprehensive overview of the IPO, facilitating a clearer understanding of the investment landscape.





