Super Iron Foundry IPO is a fixed-price offering of ₹68.05 crores. The issue comprises a fresh issuance of 63.01 lakh shares in its entirety.
The subscription period for Super Iron Foundry IPO begins on March 11, 2025, and concludes on March 13, 2025. The allotment process is expected to be finalized on Monday, March 17, 2025. The IPO is set to debut on the BSE SME platform, with a tentative listing date scheduled for Wednesday, March 19, 2025.
Super Iron Foundry operates in the manufacturing sector, specializing in iron and steel castings. Their products include municipal castings, ductile iron pipe fittings, automotive and agricultural castings, railway components, and cast-iron counterweights.
The IPO is priced at ₹108 per share. Investors are required to apply for a minimum lot size of 1,200 shares. Retail investors must make a minimum investment of ₹1,29,600, while High Net-worth Individuals (HNIs) need to apply for at least two lots (2,400 shares), amounting to ₹2,59,200.
Horizon Management Private Limited serves as the book-running lead manager for the IPO, with Link Intime India Private Ltd acting as the issue registrar. The market-making responsibilities for Super Iron Foundry IPO have been assigned to Giriraj Stock Broking Private Limited.
Super Iron Foundry IPO Details:
| Company Name | Super Iron Foundry Limited |
| Sector | Iron and Steel Manufacturing |
| IPO Type | SME |
| IPO Open date | 11th Mar 2025 |
| IPO Close date | 13th Mar 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Super Iron Foundry IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,29,600 |
| HNI (Min) | 2 | 2400 | 2,59,200 |
Super Iron Foundry IPO Timeline:
| IPO Open Date | 11th Mar 2025 |
| IPO Close Date | 13th Mar 2025 |
| Basis of Allotment | 17th Mar 2025 |
| Refund Initiation Date | 18th Mar 2025 |
| Shares Credit to Demat | 18th Mar 2025 |
| Listing Date | 19th Mar 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Super Iron Foundry’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Iron and Steel Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Super Iron Foundry and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
