Super Iron Foundry IPO Allotment: Check Latest GMP, Steps To Verify Status

The bidding for the Super Iron Foundry IPO was open from March 11, 2025, to March 13, 2025. The basis of allotment will be finalised today, March 17, 2025. Here’s how to check the allotment status for this BSE SME IPO. 

Check Super Iron Foundry IPO Allotment Status Online On BSE

• Click here to visit the application status page. 
• Select “Equity” in Issue Type. 
• In Issue Name, select “Super Iron Foundry”.
• Enter your “Application No.” or “PAN No”.
• Click on “I am not a Robot” and “Submit.”

IPO Details

Super Iron Foundry IPO is entirely a fresh issue of 68.01 lakh shares with a total issue size of 68.05 crore. The price band is set at ₹108 per share, and the tentative listing date on BSE SME is March 17, 2025. 

Use of Proceeds

The IPO proceeds will be used to fund the working capital requirement, repayment/pre-payment, in full or in part, of certain borrowings availed by the Company and for general corporate purposes. 

Super Iron Foundry IPO - Overall Subscription Status

(March 13, 2025, end of the day)

GMP (Grey Market Premium) Details

As of March 17, 2025, 9 A.M., the GMP for Super Iron Foundry IPO stands at ₹15; the estimated listing price is expected to be ₹123, which is 13.89% higher than the IPO price band of ₹108.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: Livemint Media Report dated March 17, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market-related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Super Iron Foundry Business Overview

Incorporated in July 1988, Super Iron Foundry Limited manufactures municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings (rollers and crosskills), railway castings, and cast-iron counterweights.

The company's products are utilised in significant construction projects to supply access covers for stormwater, sewerage, telecommunications, and other utility networks. The company's products include Municipal Castings and Ductile Iron Pipe Fittings.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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