Super Iron Foundry came to market through an SME IPO that opened on 11 March 2025 and closed on 13 March 2025, and the shares listed on 19 March 2025 on BSE SME. The price band was ₹108 per share and one lot was 1200 shares, so the minimum application was ₹1,29,600. The issue size was ₹68.05 crore. The whole issue was fresh shares, so the money raised went to the company.
Link Intime India Private Ltd was the registrar to the issue, and Horizon Management Private Limited was the lead manager.
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Super Iron Foundry Limited incorporated in 1988 produces municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings (rollers and crosskills), railway castings, and cast-iron counterweights.The products of the company find its way into major construction projects to provide access covers for stormwater, sewerage, telecommunications, and other utility networks.
The products of the company are:- 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 produces and exports covers around the world in accordance with international standards such as EN124.
The applications of the company products are automotive and agricultural machinery with emphasis on balancing weight and stability.The high-tech robotic factory ensures quality and sustainability, leading us to become the customer favorite for a single-stop solution to all casting needs.
The products of the company are exported to European and Middle Eastern countries.The Company has supplied design solutions and castings for high-end Middle East projects like the New Hamad Port Project, New Turkish Air Base, Oman's Airport expansion, Dubai South, Lusail FIFA Stadium, and Al Barwah in Doha. Middle East business does not know seasonality except during Ramadan when the construction takes a slowdown.
The company's manufacturing unit and warehouse is located in Durgapur, West Bengal, on approximately 20 acres.The plant is ISO 9001: 2015 and ISO 14001: 2018 quality, health, safety, and environmental management certified, and they manufacture ductile and grey iron castings for municipal, sanitary, automotive, agricultural, waterworks, railway, and electrical transmission and distribution.
As described in the offer document.
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Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha, Priyanka Saklecha. Promoter holding 96.53% before the issue and 70.53% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Super Iron Foundry IPO was a ₹68.05 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹108 per share with a lot size of 1,200 shares (₹1,29,600). The IPO was open from March 11 to March 13, 2025. Shares listed on BSE SME on March 19, 2025 at ₹107.95, in line with the issue price of ₹108. Link Intime India Private Ltd is the registrar. Horizon Management Private Limited is the book running lead manager.
The issue price of Super Iron Foundry IPO is ₹108 per share (fixed price).
The lot size of Super Iron Foundry IPO is 1200 shares.
The minimum investment for Super Iron Foundry IPO is approximately ₹1,29,600 based on the issue price.
The allotment date of Super Iron Foundry IPO is Mar 17, 2025.
You can check Super Iron Foundry IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Super Iron Foundry IPO allotment status on Rupix for quick and easy access.
₹108 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,29,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,29,600, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 11 March 2025 and closed on 13 March 2025.
The basis of allotment was published on 17 March 2025 by Link Intime India Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 March 2025 on BSE SME.
The issue size was ₹68.05 crore. The fresh issue was 63,01,200 shares (aggregating up to ₹68.05 crore).