Shri Hare-Krishna Sponge Iron Limited

24 Jun 2025 - 26 Jun 2025 Individual Category SME NSE

Min Investment

₹224000

Price Band

₹56-₹59

Issue Size

36.3 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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24 Jun 2025

Open Date

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26 Jun 2025

Close Date

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27 Jun 2025

Allotment Date

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01 Jul 2025

Listing Date

Shri Hare-Krishna Sponge Iron's IPO opens on June 24, 2025, and closes on June 26, 2025. This book-built issue offers up to 36.30 lakh equity shares at a price band of Rs 81 to Rs 86 per share.As of now, the GMP (Grey Market Premium) for the Shri Hare-Krishna Sponge Iron IPO is not yet available. The IPO allotment status will be announced on June 30, 2025, and the listing date is set for July 2, 2025.The lot size for retail investors is 1 lot (1,600 shares), requiring a minimum investment of Rs 1,37,600. Mas Services Limited is the IPO registrar.

Know Before Investing

Strengths icon

  • Experienced promoters and management drive strategic execution.
  • Strong client relationships across major Indian states support stable business.
  • Emphasis on operational discipline and safety enhances efficiency.

Weaknesses icon

  • Business is vulnerable to steel industry’s cyclical trends.
  • Slight drop in revenue and PAT in FY25 compared to FY24.
  • Customer base lacks broad geographic diversification.

About Shri Hare-krishna Sponge Iron Limited

Shri Hare-Krishna Sponge Iron Limited, established in 2003, is a leading manufacturer of sponge iron based in Siltara, Raipur, Chhattisgarh, with its corporate office in Kolkata. The company operates a modern facility spanning 13.45 acres, with an annual installed capacity of 30,000 metric tonnes. Sponge iron produced by the company serves as a vital raw material for electric arc and induction furnace-based steel production, catering to customers primarily across Chhattisgarh, Maharashtra, and Madhya Pradesh. Shri Hare-Krishna Sponge Iron Limited is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, reflecting its commitment to quality, environmental management, and occupational health and safety standards. In the financial year 2025, the company reported revenue of ₹80.47 crore, with a strong focus on operational efficiency and sustainable growth through planned investments in captive power generation.

Founded

2003

Managing Director

Manoj Parasrampuria

Parent Organization

IPO Objectives

Shri Hare-Krishna Sponge Iron proposes to utilise the Net Proceeds from the issue towards funding capital expenditure requirements for setting up a captive power plant at Siltara, Raipur, and for general corporate purposes.

Company Promoters

Anita Tradelinks Private Limited

Buxom Trexim Private Limited

Shyam Sunder Parasrampuria

Manoj Parasrampuria

Manish Parasrampuria.

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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