Issue Price
₹108
Per Share
GMP
NIL
Grey Market
Est. Listing
₹108
Expected Price
Min. Application
₹259,200
2 lots × 1200 shares
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 CastingsDuctile Iron Pipe FittingsDuctile Iron Automotive CastingsDuctile Iron Agricultural Castings – rollers and crosskillsRailway CastingsCast Iron CounterweightsScrew PilesThe 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 ExpertiseRobust Infrastructure and Technological Advancements.Exporting to 38 countries, including the USA, Canada, UK, Germany, and some Middle Eastern Nations.Compliance with International Standards.
Super Iron Foundry Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 315,600 | — | ₹3.41 Cr | — |
| TOTAL | 6,301,200 | 100.00% | ₹68.05 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| sNII (Min) | 14 | 16,800 | ₹1,814,400 |
| bNII (Min) | 68 | 81,600 | ₹8,812,800 |
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 94.91 | 156.87 | 126.23 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 9.53 | 3.94 | 1.28 |
| Net Worth | 70.59 | 56.56 | 52.62 |
| Total Assets | 226.62 | 232.32 | 209.20 |
| Reserves & Surplus | 53.50 | 40.06 | 36.12 |
| Total Borrowings | 110.96 | 118.63 | 120.44 |