Super Iron Foundry IPO - Day 3 Subscription at 0.57 Times

Super Iron Foundry's initial public offering (IPO) has shown moderate progress through its three-day subscription period. The ₹68.05 crore IPO has witnessed steady growth in demand, with subscription rates advancing from 0.36 times on day one, improving to 0.45 times on day two, and reaching 0.57 times by 10:59 AM on the final day, demonstrating gradual investor interest in this manufacturer of municipal castings, ductile iron pipe fittings, automotive castings, and other specialized iron products.

Super Iron Foundry IPO's retail segment leads with 0.92 times subscription, demonstrating strong individual investor confidence in this established manufacturer that exports to 38 countries including the USA, Canada, UK, Germany, and Middle Eastern nations.

Subscription Status of Super Iron Foundry IPO:

Here are the subscription details for Super Iron Foundry IPO as of Day 3 (March 13, 2025, 10:59 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Super Iron Foundry IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 0.57 times, showing steady progress though below full subscription level
• Retail investors approaching full subscription at 0.92 times, demonstrating strong individual investor confidence
• NII segment showing moderate interest at 0.22 times, showing improvement from day two
• Total applications reaching 3,507, indicating significant retail investor participation
• Cumulative bid amount reaching ₹36.82 crores, showing measured momentum in the offering
• Retail segment driving overall subscription progress with ₹29.65 crores in bids
• Final day building on the consistent improvement pattern established on previous days

Super Iron Foundry IPO - Day 2 Subscription at 0.45 Times

Key Highlights:

• Overall subscription improving to 0.45 times, showing consistent growth from day one
• Retail investors approaching higher subscription at 0.84 times, demonstrating growing confidence
• NII segment showing reduced interest at 0.06 times compared to day one's 0.14 times
• Day two maintaining steady momentum building on first day performance
• Market response indicating selective investor interest concentrated in retail segment
• Manufacturing expertise attracting attention from individual investors
• International export capabilities highlighting operational reach and market presence
• Second day building on first day momentum with continued subscription growth

Super Iron Foundry IPO - Day 1 Subscription at 0.36 Times

Key Highlights:

• Overall subscription opening at 0.36 times, showing moderate initial investor approach
• Retail investors beginning with good interest at 0.59 times, reflecting positive early participation
• NII segment showing initial interest at 0.14 times, indicating measured evaluation
• Opening day demonstrating selective investor engagement with the offering
• Initial momentum reflecting strategic assessment of manufacturing sector investment opportunity
• Diverse casting product portfolio drawing selective interest from informed investors
• First day setting subscription baseline for building momentum in subsequent days

About Super Iron Foundry Limited

Founded in July 1988, Super Iron Foundry Limited has established itself in manufacturing municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings, 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.

Their business spans global markets, with exports to 38 countries including the USA, Canada, UK, Germany, and Middle Eastern nations. The company has provided design solutions and castings for prestigious Middle East projects such as the New Hamad Port Project, Turkish Air Base, Airport expansion in Oman, Dubai South, Lusail FIFA Stadium, and Al Barwah in Doha. Their manufacturing facility and warehouse situated in Durgapur, West Bengal, covers about 20 acres.

Super Iron Foundry maintains ISO 9001:2015 and ISO 14001:2018 certifications for quality, health, safety, and environmental management. Their financial performance shows improving results with revenue of ₹156.87 crores in FY2024 and profit after tax of ₹3.94 crores, while the nine months ended December 31, 2024 reported revenue of ₹94.91 crores with significantly improved PAT of ₹9.53 crores.

Their competitive strengths include extensive product range and expertise, robust infrastructure and technological advancements, global export presence in 38 countries, and compliance with international standards like EN124.

Highlights of the NAPS Global India IPO:

• IPO type: Fixed Price Issue SME IPO
• IPO size: ₹68.05 crores
• Fresh Issue: 63.01 lakh shares aggregating to ₹68.05 crores
• Face value: ₹10 per share
• Issue price: ₹108 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,29,600
• Minimum investment for HNI: ₹2,59,200 (2 lots)
• Market maker reservation: 3,15,600 shares
• Listing at: BSE SME
• Lead Manager: Horizon Management Private Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Giriraj Stock Broking Private Limited