Super Iron Foundry IPO

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Company Details

Super Iron Foundry Ltd mainly exports their products to European and Middle Eastern markets. In Europe, they sell through distributors, wherein their company does subcontract manufacturing for the distributors under their brand.

The orders for the European business are fairly stable year on year basis, with exception during the period prior to snowfall in European countries, which generally lasts from July till September. Their Middle East business is driven through agents who works in mega projects on behalf of their Company and they typically carry minimal stocks and supply to the projects directly. Their Company has successfully given design solutions and castings to various prestigious projects in Middle East like New Hamad Port Project (Qatar), New Turkish Air Base (Qatar), Airport expansion project in Oman, Dubai South developmental project, Lusail FIFA Stadium project, Al Barwah project in Doha to name a few. There is no seasonality in Middle East business except for the month of Ramadan, where construction activities take a dip.

They have now diversified their product portfolio and produce castings for water pipe networks, railways, counterweights and the agriculture industry. Their Company has a manufacturing facility and warehouse in the state of West Bengal at Jhanjra Village Road, P.S. Faridpur, P.O. Laudoha, Durgapur, District Burdwan – 713385, spreading over approximately 20 acres of land. Their manufacturing facility has a production capacity of 72,000 MT per annum. They have automated and upgraded most of their production parameters, like their sand plant, chemical and mechanical laboratory, automatic high pressure moulding lines, automatic metal pouring and more. Further, their Company has also ventured into robotics by having the best in practice robotic arms for painting and grinding. Such technology upgrades have benefited us in multiple ways such as - low power consumption, improved production efficiency, higher utilization rate, and higher profit margin. Such factors are anticipated to propel the growth of the Company in the market.

Their manufacturing facility is ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified for quality management system, occupational health and safety management system and environmental management system to manufacture and supply ductile, grey iron casting, SGCI inserts applicable to municipal, sanitary, automotive, agriculture, waterworks, railways and electrical 87 transmission and distribution. They also have Kitemark certificate issued by BSI, United Kingdom for gully tops and manhole tops for vehicular and pedestrian areas. They combine modern manufacturing technology and engineering expertise with cost efficient processes, to deliver quality products at competitive prices. Their manufacturing operations are strengthened by their technical capabilities, infrastructure, and process knowledge.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Open Date: 04 Jun 2025 | Close Date: 06 Jun 2025

Super Iron Foundry IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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