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The issue will close on Thursday, March 13, 2025.
About Super Iron Foundry
The Kolkata-based company was incorporated as Super Iron Foundry Private Limited and was converted to a public limited company with effect from September 11, 2024. The company manufactures municipal castings, ductile iron pipe fittings, ductile iron automotive castings, ductile iron agricultural castings (rollers and cross skills), railway castings and cast-iron counterweights.
Super Iron Foundry Promoters
Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha, Priyanka Saklecha and ABI Trading Private Limited
About Super Iron Foundry IPO
The public issue of Super Iron Foundry is entirely fresh with 63,01,200 shares available for subscription. It is a fixed price issue with shares available at a price of Rs 108 per share. The lot size is 1,200 shares and the minimum investment amount for retail investors is Rs 1,29,600.
Super Iron Foundry IPO proceeds
The net proceeds from the issue will be utilised primarily for funding of the working capital requirements of the company where the company will likely use Rs 29 crore. It will use another Rs 16 crore towards repayment or pre-payment of borrowings in full or in part. It will also utilise over Rs 15 crore for general corporate purposes.
Super Iron Foundry IPO lead managers
The lead manager to the Issue is Horizon Management Private Limited while the registrar to the Issue is MUFG Intime India Private Limited. The sponsor bank is Kotak Mahindra Bank.
Super Iron Foundry IPO
Shares of Super Iron Foundry IPO were not commanding any premium over the issue price ahead of the issue.
Super Iron Foundry financials
For the 9-month ended FY25, the revenue from operations stood at Rs 45 crore. For FY24, FY23 and FY22, the topline stood at Rs 68 crore, 55.32 crore and Rs 78.56 crore, respectively.
The 9-month Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 23.74 crore. For FY24, FY23 and FY22, EBITDA stood at Rs 18.34 crore, Rs 13.44 crore and Rs 10.73 crore, respectively.
Its debt-to-equity ratio as on December 31, 2024 stood at 4.48, down from 6.26 in FY24, 8.65 in FY23 and 11.36 in FY22.
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