Super Iron Foundry Ltd IPO

About Super Iron Foundry Ltd

Super Iron Foundry Limited was incorporated as Super Iron Foundry Private Limited at Kolkata, West Bengal, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July 15, 1988, issued by the Registrar of Companies, West Bengal at Kolkata. The Company was converted from a private limited company to a public limited company pursuant to board resolution dated August 30, 2024 and special resolution passed by the Shareholders at the EGM dated August 31, 2024. Consequently, the name of the Company was changed from `Super Iron Foundry Private Limited' to `Super Iron Foundry Limited' and a fresh certificate of incorporation consequent upon conversion to public company dated September 11, 2024 was issued by the Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre.

The foundry industry made rapid progress in the post-independence years. This could be directly related to the industrialization programme launched through India's five-year plans. Successive plans were aimed at expanding and diversifying India's manufacturing base. There were massive outlays made to develop infrastructural facilities and rapidly expand engineering industries. This naturally triggered the growth of Indian foundry industry which graduated into the manufacture of complex and sophisticated castings required by power, iron and steel, fertilizer, chemical and a host of other industries. With its traditional skills, reinforced by modern technology, the industry has developed as a blend of the old and the new. It is also estimated that there exists approximately 4500 casting units in India, out of which 85% can be classified as small-scale units & 10% as medium & 5% as large-scale units. The foundry industry has a turnover of approximately USD 20 billion, of which the export component valued at approximately USD 3.54 billion. It is projected that the Indian casting industry is expected to be valued at USD 25 billion by 2025.

The Company is engaged in the business of iron and steel foundry, more particularly in the business of casting and manufacturing of access covers and gully grates used in roadway construction. Its products are used in major construction projects to provide access covers to cover the storm water, sewerage, telecom and other utility networks. The Company manufactures and exports these covers globally, as its products are compliant to international standards like EN124. The Company manufactures municipal castings, ductile iron pipe fittings, ductile iron automotive castings, ductile iron agricultural castings (rollers and cross skills), railway castings and cast-iron counterweights. The municipal castings are used in primarily in roadway construction and these products are used in major construction projects to provide access covers to cover the storm water, sewerage, telecom and other utility networks. Application of other product groups manufactured by the company is in automotive, agriculture equipments and applications where weight balancing and stability are crucial. Its production facility is equipped with modern robotic equipments, ensures quality standards and control and follows sustainable practices, making it a preferred choice for its customers from across the globe giving them a one stop shop solution for all their casting needs.

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