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Super Iron Foundry IPO is a fixed price issue worth ₹68.05 crores. The issue consists entirely of a fresh issue of 63.01 lakh shares.
The IPO will be open for subscription from March 11, 2025, to March 13, 2025. The allotment is expected to be finalized on Monday, March 17, 2025, and the shares are set to be listed on BSE SME on Wednesday, March 19, 2025 (tentative date).
The IPO price is fixed at ₹108 per share, with a minimum lot size of 1,200 shares. Retail investors need to invest a minimum of ₹1,29,600, while high-net-worth individuals (HNIs) must apply for at least 2 lots (2,400 shares), requiring an investment of ₹2,59,200.
| IPO Date | March 11, 2025 to March 13, 2025 |
| Listing Date | Mar 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 63,01,200 shares (aggregating up to ₹68.05 Cr) |
| Fresh Issue | 63,01,200 shares (aggregating up to ₹68.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,70,92,473 shares |
| Share Holding Post Issue | 2,33,93,673 shares |
| Market Maker Portion | March 11, 2025, to March 13, 2025 |
| IPO Open Date | Tue, Mar 11, 2025 |
| IPO Close Date | Thu, Mar 13, 2025 |
| Tentative Allotment | Mon, Mar 17, 2025 |
| Initiation of Refunds | Tue, Mar 18, 2025 |
| Credit of Shares to Demat | Tue, Mar 18, 2025 |
| Tentative Listing Date | Wed, Mar 19, 2025 |
| Cut-off time for UPI mandate confirmation | Wed., Mar 19, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
| Retail (Max) | 1 | 1200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 226.62 | 232.32 | 209.2 | 197.75 |
| Revenue | 94.91 | 156.87 | 126.23 | 132.31 |
| Profit After Tax | 9.53 | 3.94 | 1.28 | 0.88 |
| Net Worth | 70.59 | 56.56 | 52.62 | 51.33 |
| Reserves and Surplus | 53.5 | 40.06 | 36.12 | 34.83 |
| Total Borrowing | 110.96 | 118.63 | 120.44 | 125.72 |
Maximizing Opportunities with Super Iron Foundry Limited IPO
The Super Iron Foundry Limited IPO presents an opportunity for investors through a fixed price issue of ₹108 per share, raising ₹68.05 crores. With a minimum lot size of 1,200 shares, retail investors need to invest at least ₹1,29,600, while HNI investors must apply for at least 2 lots (₹2,59,200).
The IPO opens for subscription on March 11, 2025, and closes on March 13, 2025. The allotment is expected on March 17, 2025, with a tentative listing on BSE SME on March 19, 2025. Investors should carefully evaluate the company's fundamentals, growth potential, and market conditions before making an investment decision.
