Investors have bought 15.85 lakh equity shares, compared to the offer ….

Investors have bought 15.85 lakh equity shares, compared to the offer size of 63.01 lakh shares, via 1,289 applications. Retail investors have picked 50.6 percent shares of their allotted quota, while the part set aside for non-institutional investors was booked 2.4 percent. West Bengal-based Super Iron Foundry manufactures municipal castings, ductile iron pipe fittings, automotive castings and railway castings. It mainly exports products to European and Middle Eastern markets, which accounted for 94 percent to the total revenue in FY24 and over 55 percent in FY25 (April-December period) The company intends to raise Rs 68.05 crore via public issue at a price of Rs 108 per share. The last day to subscribe the issue will be March 13. Rs 29 crore out of net issue proceeds will be utilised for its working capital requirements, Rs 16 crore for repayment of debt, and the remainder Rs 15.2 crore for general corporate purposes.

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