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Super Iron Foundry IPO
Price Band
₹
Issue Size
₹68.05 Cr
Lot Size
1,200 shares
Min Investment
₹129,600
GMP
+₹3.0 (2.78%)
Issue Price
₹108.0
Subject to Sauda
₹2700
Paid only if allotted
Super Iron Foundry IPO AI Summary
- Super Iron Foundry IPO is listed on BSE SME.
- Subscription window: 11 Mar–13 Mar 2025, listing on 19 Mar 2025.
- Current GMP is +₹3.0 (2.78%) — unofficial and can change daily.
Super Iron Foundry Limited is an established player in the casting industry, with a diverse product range and a strong export market. The IPO aims to raise funds for working capital and debt repayment, while the company's financials show a growth trend in profit despite a recent decline in total income for the latest period.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Super Iron Foundry IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 13 Mar 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Super Iron Foundry IPO Grey Market Premium (GMP) Today
GMP
+₹3.0
GMP %
+2.78%
Est. Listing
₹111.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in July 1988, Super Iron Foundry Limited manufactures municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings (rollers and crosskills), railway castings, and cast-iron counterweights. The company's products are utilized in significant construction projects to supply access covers for stormwater, sewerage, telecommunications, and other utility networks. The company's products includes:- Municipal Castings Ductile Iron Pipe Fittings Ductile Iron Automotive Castings Ductile Iron Agricultural Castings – rollers and crosskills Railway Castings Cast Iron Counterweights Screw Piles The company manufactures and exports covers globally, meeting international standards like EN124. The company's product applications include automotive and agricultural equipment, focusing on weight balancing and stability. The modern robotic production facility ensures quality and sustainability, making us the preferred choice for customers seeking a one-stop shop for all casting needs. The company's products are exported in European and Middle Eastern markets. The Company has provided design solutions and castings for prestigious Middle East projects such as the New Hamad Port Project, New Turkish Air Base, Airport expansion in Oman, Dubai South, Lusail FIFA Stadium, and Al Barwah in Doha. Business in the Middle East sees no seasonality, except during Ramadan when construction slows. The company's manufacturing facility and warehouse is situated in Durgapur, West Bengal, cover about 20 acres. The manufacturing facility is ISO 9001:2015 and ISO 14001:2018 certified for quality, health, safety, and environmental management, producing ductile and grey iron castings for municipal, sanitary, automotive, agricultural, waterworks, railway, and electrical transmission and distribution. Competitive Strength:- Extensive Product Range and Expertise Robust Infrastructure and Technological Advancements. Exporting to 38 countries, including the USA, Canada, UK, Germany, and some Middle Eastern Nations. Compliance with International Standards.
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 226.62 | 232.32 | 209.20 | 197.75 |
| Total Income | 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 |
| Reserves and Surplus | 53.50 | 40.06 | 36.12 | 34.83 |
| Total Borrowing | 110.96 | 118.63 | 120.44 | 125.72 |
Key Ratios
EPS
₹2.31
NAV
₹34.28
ROE
7.53%
ROCE
7.22%
RoNW
6.97%
P/B Value
3.15
P/E Ratio
46.84
Market Cap
₹252.65 Cr
PAT Margin
394.07%
Debt/Equity
6.26
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Universal Autofoundry Ltd | 58.66 | 6.7% | 79.1 | 3.93 | 3.93 |
| Bhagwati Autocast Ltd. | 142 | 18.4% | 20.4 | 24.1 | 24.1 |
| Super Iron Foundry Limited This IPO | 34.28 | 6.97% | — | 2.39 | 2.39 |
Promoters
Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha and Priyanka Saklecha
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of Working Capital Requirement of the company 29.00 2 Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company 16.00 3 General Corporate Purposes 15.24 4 Issue expenses 7.81 Total 68.05
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹126.23 Cr in the period ending 31 Mar 2023, rising to ₹156.87 Cr by 31 Mar 2024. However, in the most recent period ending 31 Dec 2024, total income decreased to ₹94.91 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax increased from ₹0.88 Cr in the period ending 31 Mar 2022 to ₹1.28 Cr by 31 Mar 2023, and further to ₹3.94 Cr by 31 Mar 2024. In the latest period ending 31 Dec 2024, profit after tax rose to ₹9.53 Cr.
Valuation
Priced at roughly 46.84 trailing earnings, versus peers trading at a P/E range of 20.4-79.1.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand in this unofficial market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and individual risk tolerance.
Who May Want to Wait
Investors with a low risk appetite or those seeking stable, consistent returns may want to avoid IPOs like this, which can be subject to significant price fluctuations.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is 11 March 2025, closing on 13 March 2025. Allotment of shares will be done by 17 March 2025, and the listing date is set for 19 March 2025.
Listing Gains — The Risk
While some investors may anticipate gains on the listing day due to high demand, there are risks involved. Market conditions can change rapidly, and past performance is not indicative of future results. Investors should be prepared for the possibility of price volatility.
This evaluation is generated from Super Iron Foundry's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Super Iron Foundry IPO GMP today?
Super Iron Foundry IPO GMP today is +₹3.0 (2.78%). GMP is an unofficial grey-market indicator and can change daily.
When does Super Iron Foundry IPO open and close?
Super Iron Foundry IPO opens on 11 March 2025 and closes on 13 March 2025.
When does Super Iron Foundry IPO list on the stock exchange?
Super Iron Foundry IPO listed on 19 March 2025 at ₹111.0.
What is the lot size for Super Iron Foundry IPO?
The lot size for Super Iron Foundry IPO is 1200 shares, requiring a minimum investment of ₹129,600.
What is the issue price of the IPO?
The issue price of the IPO is ₹108.0.
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹129,600.
When does the IPO open and close?
The IPO opens on 11 March 2025 and closes on 13 March 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which shares are expected to trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Mar 2025
Close
13 Mar 2025
Allotment
17 Mar 2025
Listing
19 Mar 2025
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