Super Iron Foundry IPO

Super Iron Foundry Limited operates in the iron and steel foundry industry and is involved in casting and manufacturing access covers, gully grates, and other iron castings used in roadway construction, water pipe networks, railways, and the agricultural sector. The company manufactures municipal castings, ductile iron pipe fittings, automotive castings, railway castings, and counterweights. These products are used in major infrastructure projects to provide access covers for stormwater, sewerage, telecom, and utility networks. Super Iron Foundry exports its products primarily to European and Middle Eastern markets, supplying distributors and project contractors. Use of Proceeds The IPO is a fresh issue of shares. Therefore, the entire proceeds of the IPO will go to the company. The company plans to utilise the net proceeds as follows: Funding working capital requirements Repaying outstanding debts General corporate purposes;