Key Red Flag: The Company has reported inconsistent revenue over the past few Financial Years.

Question 1: What is the Overview of the Company?

Super Iron Foundry Limited, established in 1988, specializes in the manufacturing and export of iron and steel castings. Their product range includes municipal castings, ductile iron pipe fittings, automotive and agricultural castings, railway components, and cast iron counterweights. These products are integral to infrastructure projects, providing access covers for stormwater, sewerage, telecom, and other utility networks.

The company’s manufacturing facility is strategically located in Durgapur, West Bengal, spanning approximately 20 acres with an annual production capacity of 72,000 metric tons. Equipped with advanced automation and robotic systems, the plant ensures high-quality standards and operational efficiency. Super Iron Foundry holds certifications such as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, underscoring their commitment to quality management, environmental sustainability, and occupational health and safety.

With a strong export focus, the company serves clients in over 38 countries, including the USA, Canada, UK, Germany, and various Middle Eastern nations. They have contributed to significant infrastructure projects like the New Hamad Port Project in Qatar, the New Turkish Air Base, Oman’s Airport expansion, Dubai South development, Lusail FIFA Stadium, and Al Barwah in Doha.

Super Iron Foundry’s diversified product portfolio and adherence to international standards like EN124 and ASTM positions them as a preferred supplier in the global market. Their commitment to technological advancements and sustainable practices further enhances their competitiveness in the iron and steel foundry industry.

Segment Wise Revenue Bifurcation:

Geography wise Revenue Bifurcation:

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Overseas Revenue Bifurcaiton:

Installed Capacity and Capacity Utilisation

Question 2. Who are the Promoter of the company ?

• Mr. Abhishek Saklecha: Serving as a Non-Executive Non-Independent Director, he holds a bachelor’s degree in commerce from the University of Calcutta. With 24 years in manufacturing and exporting foundry products, Mr. Saklecha has been instrumental in project management, international sales, automation, and new product development since joining the company in 2000.
• Mr. Akhilesh Saklecha: As the Chairman and Managing Director, he has been associated with the company since 1991. His leadership has been pivotal in steering the company’s strategic direction and operational excellence.
• Ms. Neha Saklecha: A shareholder in the company, she also holds stakes in ABI Trading Private Limited and Rawmet Merchants Private Limited, indicating her active engagement in related business ventures.
• Ms. Priyanka Saklecha: Also a shareholder, her involvement extends to ABI Trading Private Limited and Rawmet Merchants Private Limited, reflecting her participation in the broader business landscape associated with the company.

Additionally, ABI Trading Private Limited, a corporate promoter, is engaged in trading agricultural produce, food articles, engineering goods, and industrial products/components. The company is led by directors Mr. Akhilesh Saklecha and Mr. Abhishek Saklecha, who hold significant shareholding positions, further strengthening their leadership roles within Super Iron Foundry Limited.

Question 3: How company performed in the past ?

Question 4: How much money is the company raising and why?

In the IPO, the company is offering 63.01 lakh shares, priced at INR 108 per share, aggregating to total of INR 68.05 Cr. with a lot size of 1200 shares. For the purpose of:

For working capital requirements -INR 29 Cr.

Pre-payment/Repayment of borrowings – INR 16 Cr.

General Corporate Purposes-INR 15.24 Cr.

Question 5: Valuation of the company and comparison with other companies

Super Iron Foundry Ltd IPO Registrar

Super Iron Foundry Ltd IPO Contact Details

FAQs:

Who is the CEO of Super Iron Foundry Ltd?

Mr Akhilesh Saklech is the chairman and managing director of Super Iron Foundry Ltd.

When will the Super Iron Foundry IPO open for subscription?

The Super Iron Foundry IPO will open for subscription on March 11, 2025, and will close on March 13, 2025.

What is the company’s core business, and how sustainable is its business model in the long term?

 Super Iron Foundry Ltd. operates in the iron and steel foundry industry, specialising in manufacturing municipal castings, ductile iron pipe fittings, automotive and agricultural castings, railway castings, and cast-iron counterweights. The company’s business model is linked to infrastructure development, which ensures steady demand. However, sustainability depends on industry competition, regulatory changes, and infrastructure project investments.

What is the issue size of the Super Iron Foundry IPO?

The issue size of the Super Iron Foundry IPO is 63,01,200 shares, aggregating up to ₹68.05 crore.

What is ‘pre-apply’ for the Super Iron Foundry IPO?

 ‘Pre-apply’ allows investors to place IPO bids before the official opening date. This ensures their application is submitted as soon as the IPO opens, reducing the risk of missing the deadline.