Super Iron Foundry Ltd. has announced public offering of 6301200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 98.00 per share. The gross proceeds of the issue are expected to be Rs 6,805.30 lakhs.
The company's initial public offer (IPO) will open on 11 March 2025 and is expected to close on 13 March 2025, subject to customary closing conditions.
The IPO includes a fresh Issue of 6301200 Equity Shares of the Company at an price of Rs 108.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.
Super Iron Foundry Ltd. anticipates using the proceeds of the issue for .
Horizon Management Pvt. Ltd. as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.