Super iron foundry IPO: Allotment of Super Iron Foundry shares is to be finalized today. Its IPO overall was 1.56 times subscribed. After the allotment is final, you can see it either on the BSE website or on the website of Registrar Link Inteime. Talking in the gray market, its stocks are at GMP (gray market premium) of Rs 15.89 per cent from the upper price band of IPO. This is indicating the premium listing of shares. However, according to market experts, it will depend on the market situation on the day of the company’s business health and listing instead of the signals received from the gray market. The shares will enter the BSE SME on March 19.
How to check on BSE site
https://www.bseindia.com/investors/appli_check.aspxVisit this link.
Choose the issue type ‘equity’. Choose the issue name Super Iron Foundry.
Fill the application number or pan.
Then click on I’M Not a Robot.
Click on the search.
The allotment status of the shares began to appear on the skin how many shares were allotted.
Do the status check on the registrar’s site
https://linkintime.co.in/initial_offer/public-sues.htmlClick the link.
Choose Super Iron Foundry by clicking on the select company.
Select any of PAN, application number, DP/client ID, account number/IFSC. Then give details according to the option that has been chosen. As if the pan is chosen then fill the pan.
Submit
The allotment status of the shares began to appear on the skin how many shares were allotted.
Super Iron Foundry IPO got strong response
In the IPO of ₹ 68.05 crore of Super Iron Foundry, investors invested money in the lot of ₹ 108 and 1200 shares. This issue was subscribed to overall 1.56 times. It was filled with half part reserved for retail investors. Under this IPO, 63,01,200 new new will be released with a face value of ₹ 10. Out of these shares, ₹ 29 crore will be spent on working capital requirements, paying ₹ 16 crore loan and 15.24 crore on common corporate objectives.
About Super Iron Foundry
The Super Iron Foundry Municipal Castings, Dacterial Iron Pipe Fitings, Automotive Castings, Agricultural Castings (Rollers and CrossScils), formed in July 1988, makes railway castings and cast-iron counters. Its products are used in projects related to sewerage, telecom etc. in many countries of the world. Talking about the financial health of the company, it is constantly getting stronger. In FY 2021, it made a net profit of Rs 88 lakh, which jumped in the next financial year 2022 to Rs 1.28 crore and then in FY 2024 to Rs 3.94 crore. During this period, the company’s revenue increased to Rs 156.87 crore from a compound rate (CAGR) of more than 8 per cent annually. Talking about the current financial year 2024-25, in April-December 2024 it received a net profit of Rs 9.53 crore and a revenue of Rs 94.91 crore.
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