Shri Hare-Krishna Sponge Iron IPO is scheduled to open for subscription on June 24, 2025, and will close on June 26, 2025. The basis of allotment will be finalized on June 27, 2025, while refunds and credit of shares to Demat accounts will take place on June 30, 2025. The shares are expected to be listed on the NSE SME platform on July 1, 2025.
The IPO is a Book Built Issue of ₹29.91 crores, entirely comprising a fresh issue of 50.70 lakh equity shares. The price band for the IPO is set between ₹56 to ₹59 per share. The minimum lot size is 2,000 shares, meaning retail investors need a minimum investment of ₹1,12,000, but it is advised to apply at the cutoff price, which brings the investment to around ₹1,18,000 to ensure allotment in case of oversubscription. For HNIs, the minimum application size is 2 lots (4,000 shares), amounting to ₹2,36,000.
The retail investor quota is 35%, Qualified Institutional Buyers (QIBs) have 50%, and High Net-Worth Individuals (HNIs) have 15% reservation in the IPO.
In terms of financials, the company reported a revenue of ₹83.60 crores in FY2025, slightly down from ₹84.93 crores in FY2024. The net profit also declined from ₹10.17 crores in FY2024 to ₹9.20 crores in FY2025. Based on these numbers and the nature of the business, the IPO is suggested for long-term investors.
Overview of Contents
About Shri Hare-Krishna Sponge Iron IPO
Shri Hare-Krishna Sponge Iron Limited, established in 2003, is a well-known company engaged in the manufacturing and selling of sponge iron. Sponge iron is an important raw material used to make steel in electric arc and induction furnaces. The company’s manufacturing unit is located in Siltara, Raipur in Chhattisgarh, and it covers around 13.45 acres of land. The plant has a yearly production capacity of 30,000 metric tonnes. The location of the plant is very beneficial as it allows easy access to important raw materials like high-quality iron ore, pellets, coal, and dolomite, which are required in the production of sponge iron.
The company mainly sells its products in the states of Maharashtra, Madhya Pradesh, and Chhattisgarh. It has built strong and long-term relationships with its customers over the years. The manufacturing unit also follows high standards and holds important certifications like ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety. This shows the company’s dedication to maintaining good quality, protecting the environment, and ensuring worker safety.
As of April 30, 2025, Shri Hare-Krishna Sponge Iron Limited has 92 full-time employees. The company’s main product is sponge iron, which is a key input in steelmaking. One of the major strengths of the company is its in-house manufacturing facility, which helps in better control over production and quality. The company also has a well-qualified and experienced management team that supports its steady growth and operations.
Shri Hare-Krishna Sponge Iron IPO Overview
| Event / Detail | Information |
|---|---|
| IPO Listing Exchange | NSE SME |
| Face Value per Share | ₹10 |
| IPO Price Range | ₹56 to ₹59 per equity share |
| Lot Size (Minimum Order Qty) | 2,000 shares |
| Type of Issue | 100% Fresh Equity Issue (Book Built) |
| Total Offer Size | 50,70,000 shares (₹29.91 Cr approx) |
| Offer for Sale (OFS) | No OFS; Entirely Fresh Issue |
| Market Maker Reservation | 2,58,000 shares (₹1.52 Cr approx) – Hem Finlease Pvt Ltd |
| Net Offer to Public | 48,12,000 shares (₹28.39 Cr approx) |
| Pre-Issue Shareholding | 1,41,21,050 equity shares |
| Post-Issue Shareholding | 1,91,91,050 equity shares |
| Retail Investor Allocation | Up to 35% of the Net Offer |
| QIB Allocation | Up to 50% of the Net Offer |
| HNI/NII Allocation | Up to 15% of the Net Offer |
Shri Hare-Krishna Sponge Iron IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Shri Hare-Krishna Sponge Iron IPO GMP
The grey market premium (GMP) of Shri Hare-Krishna Sponge Iron IPO shows how much demand is there for the shares before listing. GMP gives an idea of how the IPO might perform on the listing day. Please note that GMP keeps changing daily based on market mood and demand. Investors should not fully depend on GMP and should check company fundamentals before investing.
- To Be Updated Soon
Shri Hare-Krishna Sponge Iron IPO Dates
| Event | Date & Day |
|---|---|
| IPO Opening Date | June 24, 2025 (Tuesday) |
| IPO Closing Date | June 26, 2025 (Thursday) |
| Basis of Allotment Finalization | June 27, 2025 (Friday) |
| Initiation of Refunds | June 30, 2025 (Monday) |
| Credit of Shares to Demat | June 30, 2025 (Monday) |
| Listing Date on NSE SME | July 1, 2025 (Tuesday) |
Shri Hare-Krishna Sponge Iron IPO Lot Size
Retail investors can apply for a minimum of 1 lot (2,000 shares), and the same applies for the maximum limit, making the investment amount ₹1,18,000. For HNIs, the minimum application is 2 lots (4,000 shares) amounting to ₹2,36,000. Below is the detailed lot size and investment table:
| Applicant Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min/Max) | 1 | 2,000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Vraj Iron and Steel Limited | 14.28 | 12.54 | 11.11% | 120.34 | 478.86 Cr. |
| Chaman Metallics Limited | 4.05 | 36.05 | 9.83% | 41.19 | 174.18 Cr. |
Objects of the Issue
- Funding of Capital Expenditure requirements of the company towards setup of Captive Power Plant at Siltara – Raipur
- General Corporate Purpose
Shri Hare-Krishna Sponge Iron IPO Promoter Holding
The promoters of Shri Hare-Krishna Sponge Iron Limited are Anita Tradelinks Private Limited, Buxom Trexim Private Limited, Shyam Sunder Parasrampuria, Manoj Parasrampuria, and Manish Parasrampuria. Before the IPO, the promoter holding stood at 100%, which will be reduced to 73.58% post-issue, reflecting equity dilution due to the fresh issue.
Shri Hare-Krishna Sponge Iron IPO Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 93.16 | 75.74 | 58.58 |
| Revenue | 83.60 | 84.93 | 95.25 |
| Profit After Tax (PAT) | 9.20 | 10.17 | 10.53 |
| EBITDA | 10.78 | 12.11 | 13.97 |
| Net Worth | 73.59 | 64.39 | 54.22 |
| Reserves & Surplus | 59.47 | 50.27 | 40.10 |
| Total Borrowing | 11.39 | 7.24 | 0.75 |
Shri Hare-Krishna Sponge Iron IPO Valuation – FY2025
| Valuation Indicator | FY2025 Value |
|---|---|
| Return on Equity (ROE) | 13.33% |
| Return on Capital Employed (ROCE) | 14.70% |
| EBITDA Margin | 13.40% |
| PAT Margin | 11.43% |
| Debt-to-Equity Ratio | 0.15 |
| Earnings Per Share (EPS) | ₹6.51 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 12.51% |
| Net Asset Value (NAV) | ₹52.11 |
Shri Hare-Krishna Sponge Iron IPO Review
- EMI – Avoid
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Shri Hare-Krishna Sponge Iron IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Shri Hare-Krishna Sponge Iron Limited
Flat No 2-D, 2nd Floor, Tower No. 1, Alcove Gloria
Municipal Premises No. 403/1, Dakshindari Road,
VIP Road,Sreebhumi, Kolkata
North 24 Parganas district, West Bengal, 700048
Phone: +91-9589116050
Email: [email protected]
Website: https://shkraipur.com/
Shri Hare-Krishna Sponge Iron IPO FAQs
What are the opening and closing dates of the Shri Hare-Krishna Sponge Iron IPO?
The IPO will open on June 24, 2025 and close on June 26, 2025.
What is the price band of the Shri Hare-Krishna Sponge Iron IPO?
The price band is set at ₹56 to ₹59 per equity share.
What is the lot size for retail investors?
The minimum lot size is 2,000 shares, requiring an investment of ₹1,18,000 at the cutoff price.
What is the total issue size of the IPO?
The IPO is a fresh issue of 50.70 lakh shares, aggregating up to ₹29.91 crore.
When will the allotment for the IPO be finalized?
The basis of allotment will be finalized on June 27, 2025.
When will the shares be listed?
The shares are expected to be listed on the NSE SME platform on July 1, 2025.
What is the face value of the shares?
The face value of each equity share is ₹10.
What are the retail, QIB, and HNI quota percentages?
The allocation is 35% for Retail, 50% for QIBs, and 15% for HNIs.