The initial public offering (IPO) of Super Iron Foundry will open for subscription today (Tuesday, February 20) and the company has set the price band at Rs 108 per equity share. The stock will be listed on the BSE SME platform and the company has aimed to raise Rs 68 crores through the issue. 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 Stock TradingMaximise Returns by Investing in the Right CompaniesBy - The Economic Times, Get Certified By India's Top Business News BrandView Program Stock TradingRenko Chart Patterns Made EasyBy - Kaushik Akiwatkar, Derivative Trader and InvestorView Program Stock TradingCandlesticks Made Easy: Candlestick Pattern CourseBy - elearnmarkets, Financial Education by StockEdgeView Program Stock TradingDow Theory Made EasyBy - Vishal Mehta, Independent Systematic TraderView Program Stock TradingMarket 101: An Insight into Trendlines and MomentumBy - Rohit Srivastava, Founder- Indiacharts.comView Program Stock TradingMarkets 102: Mastering Sentiment Indicators for Swing and Positional TradingBy - Rohit Srivastava, Founder- Indiacharts.comView Program Stock TradingMarket 103: Mastering Trends with RMI and Techno-Funda InsightsBy - Rohit Srivastava, Founder- Indiacharts.comView Program Stock TradingMarket 104: Options Trading: Kickstart Your F&O AdventureBy - Saketh R, Founder- QuickAlpha, Full Time Options TraderView Program Stock TradingROC Made Easy: Master Course for ROC Stock IndicatorBy - Souradeep Dey, Equity and Commodity Trader, TrainerView Program Stock TradingRSI Made Easy: RSI Trading CourseBy - Souradeep Dey, Equity and Commodity Trader, TrainerView Program Stock TradingTechnical Analysis for Everyone - Technical Analysis CourseBy - Abhijit Paul, Technical Research Head, Fund Manager- ICICI SecuritiesView Program Stock TradingIntroduction to Technical Analysis & Candlestick TheoryBy - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology ExpertView Program Stock TradingOptions Trading Course For BeginnersBy - Chetan Panchamia, Options TraderView Program Stock TradingOptions Scalping Made EasyBy - Sivakumar Jayachandran, Ace ScalperView Program Stock TradingFutures Trading Made Easy: Future & Options Trading CourseBy - Anirudh Saraf, Founder- Saraf A & Associates, Chartered AccountantView Program 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. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
