Super Iron Foundry IPO Subscribed overall 1.56 times on the last day, a retail quota was subscribed over 1.79 times, NII was subscribed over 1.34 times, and QIB was 0.00 respectively.
Details About Super Iron Foundry IPO
Super Iron Foundry got approval from SEBI for an IPO of around ₹68.05 crores. Super Iron Foundry IPO is fully a fresh issue of ₹68.05 crores with a face value of Rs 10 each. Further, Super Iron Foundry had a set price band between ₹108 Per Share.
In Super Iron Foundry IPO 1200 shares were in 1 lot size for retail minimum and maximum category as well. Moreover, 2,400 shares were in 2 lot sizes for the S-HNI category.
To invest in Super Iron Foundry IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,29,600.
- SHNI (S-HNI): Minimum investment of ₹2,59,200.
Super Iron Foundry IPO’s Subscription Duration
Super Iron Foundry IPO was started on March 11, 2025, and closed on March 13, 2025. The Super Iron Foundry IPO’s allotment date was March 17, 2025, and they received a refund on March 18, 2025. While the Super Iron Foundry’s listing date is March 19, 2025.
Super Iron Foundry IPO Funds Deployment
- The proceeds raised from the fresh issue will be utilized for the working capital requirements of the company
- The raised funds will be used for the Repayment/pre-payment, in full or in part, of certain borrowings taken by the Company.
- Lastly, the remaining funds will be used for the company’s General corporate purposes.
About Super Iron Foundry Company
Incorporated in 1977, Super Iron Foundry is involved in the business of the iron and steel industry, Concentrating on offering municipal castings, ductile iron pipe fittings, ductile iron parts for automotive and agricultural equipment, cast-iron counterweights, and access covers and gully grates for road construction. The company consists of a manufacturing plant and a warehouse situated in Burdwan, West Bengal, with an annual production capacity of 72,000 metric tons. Additionally, the company’s products are also used in the automotive and agricultural machinery sectors. USA, Canada, UK, Germany, Austria, Czech Republic, Poland, Finland, Switzerland, France, Greece, Cyprus, UAE, Oman, Qatar, Kuwait, Saudi Arabia, Australia, and New Zealand, are the current exporting cities, in which they are exporting nowadays.
Financial Resort of the Super Iron Foundry Company
The company reported revenue of ₹156.87 crores in 2024 against ₹126.23 crores in 2023. The company reported a profit of ₹3.94 crores in 2024 against a profit of ₹1.28 crores in 2023.
