You should try using Chelated Liquid Iron instead Ironite. Granular Iron will take a while to be absorbed by the plant, at which time, if you're constantly cutting and collecting your cuttings, you might find you never get the level of green you want.
Granular Iron can also lock up in the soil where soil gets filled with balls of Iron that prevent the roots from getting moisture and nutrients from the ground. This happens when too much Granular Iron is put down too often.
Liquid Iron and, more importantly, Chelated Liquid Iron is applied directly to the grass, making the results almost instant. You'll see your lawn turn green overnight. It's also much harder to overapply, meaning you keep applying until you get the level of green you're after with little risk of damaging your lawn.
Chelated Liquid Iron is the most expensive option but comes with the least risks and the fastest results.