Super Iron Foundry IPO Listing: After the Super Iron Foundry IPO listing was completed, its shares had a quiet market performance on 19 March 2025. The Super Iron Foundry IPO listing clearly fell short of the grey market projections.
According to sources monitoring unofficial markets, Super Iron Foundry’s unlisted shares were sold at about ₹ 111 per share prior to the listing, representing a GMP (grey market premium) of ₹ 3 per share, or 2.7% over the issue price. Let’s learn all the key details of the Super Iron Foundry IPO listing in this article.
What is Super Iron Foundry?
A visionary named Mr. Narendra Jain established Super Iron Foundry in 1977. In India, it is among the first producers of grey iron castings. The company is certified by ISO 9001:2015, 14001:2015, 45001:2018, and other international standards. It is also the first in eastern India to be able to manufacture a wide variety of castings for a variety of applications.
In addition to many other countries, the company currently exports to the United States, Canada, the United Kingdom, Germany, Austria, Finland, the Czech Republic, Greece, Poland, Switzerland, France, Cyprus, the United Arab Emirates, Oman, Qatar, Kuwait, Saudi Arabia, Australia, and New Zealand.
Super Iron Foundry IPO Listing Details
Key details of the Super Iron Foundry IPO listing are given below:
| Opening Date of the IPO | 11 March 2025 |
| Closing Date of the IPO | 13 March 2025 |
| Listing Date of the IPO | 19 March 2025 |
| Listing At | BSE SME |
| Lot Size | 1,200 Shares |
| Issue Type | Fixed Price Issue IPO |
According to Super Iron Foundry’s previous statements, the IPO proceeds would be used for general business operations, debt payments, and working capital requirements.
Shares of Super Iron Foundry
Yesterday, March 19, shares of Super Iron Foundry Ltd, a small and medium-sized business (SME) based in West Bengal, made a lackluster trading debut. The stock listing was flat in relation to its issue price.
The stock of Super Iron Foundry, which had an IPO price of ₹108 per share, began the day trading at ₹107.95 on the BSE SME platform. Minutes after the session began, the share price fell as much as 5% to ₹102.6 per share, the lower circuit limit. Soon after listing, up to 22.08 lakh of the company’s shares were traded on the stock exchange, generating ₹23.8 crore in total turnover. Super Iron Foundry Ltd.’s market capitalization was ₹240.02 crore.
Conclusion
The market launch of the Super Iron Foundry IPO listing showed conflicting results. Investor caution is shown by the company’s poor IPO performance and subsequent reduced circuit, despite the fact that its fundamentals, such as its diverse product array and global reach, suggest possible growth.
Moderate subscription numbers for the IPO and the stock’s first trading below the issue price underscore how crucial it is to take into account both the company’s advantages and the operational risks that come with them, like customer exposure and concentration to foreign markets.
Before deciding to invest, potential investors should complete extensive due diligence and thoroughly consider the company’s financial performance, valuation, and market dynamics. In comparison to its counterparts, the IPO’s premium valuation warrants careful consideration. For more information, go to the Angelone app, which allows you to start investing right away and set up your Demat account with only one swipe.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI-registered advisor before investing anywhere.
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