Super Iron Foundry Limited IPO

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.

Super Iron Foundry Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets226.62232.32209.2197.75
Revenue94.91156.87126.23132.31
Profit After Tax9.533.941.280.88
Net Worth70.5956.5652.6251.33
Reserves and Surplus53.540.0636.1234.83
Total Borrowing110.96118.63120.44125.72
Amount in ₹ Crore

Key Performance Indicator (KPI)

The market capitalization of Super Iron Foundry IPO is Rs 252.65 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE7.53%
ROCE7.22%
Debt/Equity6.26
RoNW6.97%
PAT Margin394.07
Price to Book Value3.15
 Pre IPOPost IPO
EPS (Rs)2.315.43
P/E (x)46.8419.89
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2024 that is available in RHP.

Objects of the Issue (Super Iron Foundry IPO Objectives)

  • Funding of working capital requirements of the company
  • Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
  • General corporate purposes

Super Iron Foundry IPO Details

IPO DateMarch 11, 2025 to March 13, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price₹108 per share
Lot Size1,200 Shares
Total Issue Size63,01,200 shares
(aggregating up to ₹68.05 Cr)
Fresh Issue63,01,200 shares
(aggregating up to ₹68.05 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share Holding Pre Issue1,70,92,473 shares
Share Holding Post Issue2,33,93,673 shares
Market Maker Portion3,15,600 shares

Super Iron Foundry IPO Promoter Holding

The promoters of the company are Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha and Priyanka Saklecha.

Share Holding Pre Issue96.53%
Share Holding Post Issue70.53%

SHARIAH SCREENING for - Super Iron Foundry Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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