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Super Iron Foundry IPO

₹1,29,600/1200 shares

Minimum Investment

IPO Details

Open Date

11 Mar 25

Close Date

13 Mar 25

Minimum Investment

1,29,600

Lot Size

1200

Price Range

108 to ₹108

Listing Exchange

BSE

Issue Size

68.05 Cr

Listing Date

19 Mar 25

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Super Iron Foundry IPO Timeline

Bidding Start

11 Mar 25

Bidding Ends

13 Mar 25

Allotment Finalisation

17 Mar 25

Refund Initiation

18 Mar 25

Demat Transfer

18 Mar 25

Listing

19 Mar 25

Super Iron Foundry Limited

Super Iron Foundry Limited, strategically located in Durgapur, West Bengal—a mineral-rich region and a key steel hub of eastern India—is engaged in the iron and steel foundry business. The company specializes in casting and manufacturing municipal castings, ductile iron pipe fittings, automotive and agricultural castings, railway castings, and cast-iron counterweights. Its municipal castings play a vital role in roadway construction, providing access covers for stormwater, sewerage, telecom, and utility networks. The company exports globally, complying with international standards, and operates a state-of-the-art, ISO-certified manufacturing facility.

SWOT Analysis of Super Iron Foundry IPO

Strength and Opportunities

  • State-of-the-art manufacturing facility with robotic systems and advanced technology.
  • Strong brand presence in European and Middle Eastern markets.
  • Internationally certified products with diverse applications.
  • Government initiatives like smart cities and railway expansion boosting demand.
  • Growing demand for castings in infrastructure and residential projects.

Risks and Threats

  • High dependency on top customers, making revenue concentration a risk.
  • Limited financial resources restricting international expansion.
  • Intense competition from domestic and global players.
  • Geopolitical instability in the Middle East impacting operations.
  • Exchange rate fluctuations affecting export profitability.

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About Super Iron Foundry Limited IPO

Super Iron Foundry Limited IPO Highlights

Super Iron Foundry IPO Key Financials (in ₹ lakhs)

Particulars 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 23,232.07 20,920.24 19,774.53
Revenue 15,482.98 12,480.28 13,215.70
Profit After Tax 394.07 128.33 87.89
Reserves and Surplus 4005.76 3611.70 3483.37
Total Borrowings 11,862.86 12,043.78 12,572.48

Super Iron Foundry Limited IPO Strengths

  • 500+ products, strong customisation, and a one-stop supplier.
  • Leading manhole cover maker with a global presence.
  • Strong in Europe, middle east, with cost-efficient Indian manufacturing.
  • Strict quality control, ISO-certified, and high industry standards.
  • Long-term customer ties with high retention and repeat business.
  • Cost-effective production, smooth labour, and strong supplier network.
  • Expert leadership with vast manufacturing and export experience.
  • Trusted by global clients across 14+ countries.

Super Iron Foundry Limited IPO Valuation Overview 

KPI Value
Earnings Per Share (EPS) 2.39
Price/Earnings (P/E) Ratio TBD
Return on Net Worth (RoNW) 6.97%
Net Asset Value (NAV) 34.28
Return on Equity 7.22%
Return on Capital Employed (ROCE 14.43%
EBITDA Margin 11.46%
PAT Margin 2.55%
Debt to Equity Ratio 2.10

Peer Group Comparison

Name of the Company Face Value (₹) Revenue (₹ in Lakhs) EPS (₹)  NAV (₹) P/E Ratio RoNW (%) PAT Margin (%)
Super Iron Foundry Limited 10 15,482.99 2.39 34.28 NA 6.97% 2.51%
Peer Group
Bhagwati Autocast Limited 10 13,421 24.10 522.00 5.22 20.40% 18.40%
Universal Auto Foundry Limited 10 20,250 3.93 153.00 72.00 6.70% 2.41%

Objectives of the Proceeds

  • Funding working capital requirements, ₹2900 lakhs
  • Repayment/prepayment in full/part of certain borrowings availed by the company, ₹1600 lakhs
  • To meet general corporate expenses

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1Login to your HDFC SKY Account

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3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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