Super Iron Foundry IPO Subscription Status and Updates

The Super Iron Foundry Limited IPO received a lukewarm response from investors, with a subscription of 0.36x by the end of Day 1. The company is offering shares at Rs 108 per share, with a minimum lot size of 1,200 shares. The Rs 68.05 crore IPO consists entirely of fresh issue shares. Stay tuned for the latest updates on the Super Iron Foundry IPO subscription status as the offering progresses.

Super Iron Foundry IPO Subscription Status - Day 1

By the end of Day 1, the Super Iron Foundry IPO had an overall subscription of 0.36x. The retail category was subscribed 0.59x, while Non-Institutional Investors (NIIs) subscribed 0.14x.

Company Overview of Super Iron Foundry IPO 

Super Iron Foundry is an Indian manufacturing company specializing in municipal castings, ductile iron pipe fittings, automotive and agricultural castings, railway castings, and cast-iron counterweights. The company is also engaged in the iron and steel foundry business, producing access covers and gully grates used in roadway construction.

Its products play a crucial role in construction projects, providing access covers for stormwater, sewerage, telecom, and utility networks. The company’s state-of-the-art production facility, equipped with modern robotic equipment, ensures high-quality standards, improved efficiency, optimal resource utilization, and sustainable practices.

Over time, Super Iron Foundry has expanded its product portfolio to include castings for water pipe networks, railways, counterweights, and the agricultural sector. Its manufacturing facility and warehouse are located in West Bengal, India. By combining advanced manufacturing technology and engineering expertise with cost-efficient processes, the company delivers high-quality products at competitive prices.

The company has also built a strong marketing network, ensuring effective promotion and sales of its products. Its customized casting solutions meet precise client specifications, helping maintain long-term customer relationships. Super Iron Foundry has contributed to several major international projects, including the New Turkish Air Base (Qatar), New Hamad Port Project (Qatar), Lusail FIFA Stadium Project, and AI Barwah Project.

Strengths of Super Iron Foundry IPO

• The company offers 500+ products across mild steel and spheroidal graphite cast iron, catering to industries like construction, infrastructure, railways, agriculture, telecom, and power, with a strong focus on customization to meet evolving customer needs. 

• It is a well-recognised global brand in manhole grates and access covers, with over two decades of experience in municipal castings, ductile iron pipe fittings, automotive and railway castings, and cast-iron counterweights, serving clients across Europe and the Middle East.

• The company has a manufacturing unit in West Bengal, benefiting from proximity to steel hubs and cost-efficient labour, with a registered office in Kolkata, a major port city for global shipping, helping us in cutting down manufacturing costs. 

• The company is involved in 95%+ export to quality-conscious markets, which is supported by many ISO certifications, Kitemark certifications, and rigorous physical, chemical, and metallurgical testing to ensure international standards and on-time delivery. 

• It acts as a one-stop solution provider for castings, with a history of timely delivery, after-sales support, and high customer retention, which helps in building long-standing partnerships with key clients and driving repeat business.

• The company has worked with a large number of marquee clients and fulfilled their orders on time. The customers are based in different countries, such as Qatar, UAE, Italy, USA< Greece, France, UK, and many more. 

Risks of Super Iron Foundry IPO 

• Revenue concentration risk: A significant portion of the company’s revenue comes from a limited number of customers. 

• Export dependence: 95% of the revenue is generated from exports. Any changes in India’s bilateral trade treaties may impact their business. 

• Currency fluctuations: Any exchange rate volatility between the Indian Rupee and foreign currencies could affect the financial performance of the company. 

• Logistics and supply chain risk: The company relies on third-party transporters for exports which could impact operations if there are any disruptions caused by the third party. 

• Insurance limitations: The company’s existing insurance coverage may not fully protect against potential financial losses incurred in the business. 

Super Iron Foundry IPO Financial Overview

• The revenue from operations for 2024 has grown by 24.01% and 24.04% from 2022 and 2023, respectively. However, for the period ending December 31, 2024, the revenue recorded is only Rs 87.20 Cr, indicating that the full-year performance might be lower if the growth trend is not sustained. 

• The PAT has shown an increasing trend, rising from Rs 0.88 Cr in 2022 to Rs 9.53% for the period ending Dec 31, 2024. The PAT margin has also improved significantly from 2022 to 2024. 

• The EBITDA has increased, and its margin shows improvement from 8.12% to 27.24%. 

• The ROE has significantly improved from 1.74% to 14.98%, which shows enhanced shareholder returns. ROCE has also increased from 3.53% to 10.93%, which indicates better utilization of capital. 

Super Iron Foundry IPO Details

• IPO Date: March 11, 2025 to March 13, 2025

• Issue Price: Rs 108 per share

• Lot Size: 1,200 shares

• Total Issue Size: 63,01,200 shares (amounting to Rs.68.05 Cr)

• Fresh Issue: 63,01,200 shares (amounting to Rs.68.05 Cr)

• Allotment Date: March 17, 2025

• Listing Date: 

How to Apply for Super Iron Foundry IPO

• Visit the Rupeezy app or Rupezy DOCK.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.