Shri Hare-Krishna Sponge Iron Limited Link 
Allotment
Shri Hare-Krishna Sponge Iron Limited launched a book-built IPO to raise ₹29.91 crore through a fresh issue of 0.51 crore shares. The IPO was open for bidding from June 24 to June 26, 2025, and the allotment was finalized on June 27, 2025. The company’s shares were subsequently listed on the NSE SME platform on July 1, 2025.
The IPO price band was set at ₹59 per share, with a lot size of 2,000 shares per application. Retail investors were required to invest a minimum of ₹1,12,000 for one lot of 2,000 shares, while High Net Worth Investors (HNI) needed to apply for a minimum of 2 lots (4,000 shares), amounting to ₹2,36,000.
Hem Securities Ltd. acted as the Book Running Lead Manager, while KFin Technologies Ltd. served as the Registrar for the issue. The company’s market maker was Hem Finlease Pvt. Ltd., ensuring liquidity and smooth trading post-listing.
This IPO provided investors an opportunity to participate in the growth of Shri Hare-Krishna Sponge Iron Limited, a company with an established manufacturing facility and a strong regional presence in Maharashtra, Madhya Pradesh, and Chhattisgarh.
₹59
0%
Open
₹59
HIgh - Low
₹59
Previous Close
₹59
Total Traded Value
0
52 Weeks High
₹59
52 Weeks Low
₹59
Updates On
Jun 15, 2025
IPO. Open
Jun 24, 2026
IPO. Close
Jun 26, 2026
IPO. Price
₹59.00
IPO Market price
₹113.23 Cr
IPO Details
| IPO Date | 1 Jul |
| IPO Listing Date | 1 Jul |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹59.00 |
| IPO Issue Size | 50,70,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,41,21,050 shares |
IPO Timeline
| IPO Open Date | 24 Jun |
| IPO Close Date | 26 Jun |
| IPO Allotment (Tentative) | 27 Jun |
| Refunds | 30 Jun |
| Credit to Demat Account | 30 Jun |
| IPO Listing Date | 1 Jul |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 24,02,000 Shares |
| NII (HNI) Shares Offered | 7,24,000 Shares |
| Retail Shares Offered | 16,86,000 Shares |
IPO Lot Size
Investors can place bids for a minimum of 2,000 shares, with additional bids in multiples of 2,000 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,18,000 |
| Retail (Max) | 1 | 2,000 | ₹1,18,000 |
| S-HNI (Min) | 2 | 4,000 | ₹2,36,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited is engaged in the manufacture and sale of sponge iron, a key raw material used in steel production for both induction and electric arc furnaces.
The company’s manufacturing facility is located in Siltara, Raipur, Chhattisgarh, spread over 13.45 acres with an annual production capacity of 30,000 metric tonnes. The facility holds certifications for quality, environment, and occupational safety management, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
Shri Hare-Krishna Sponge Iron Limited markets its products across Maharashtra, Madhya Pradesh, and Chhattisgarh. As of April 30, 2025, the company employed 92 full-time staff to support its operations.
Competitive Strengths
Fully in-house manufacturing facility
Stringent quality control systems to ensure consistent product standards
Long-standing relationships with customers
Experienced and well-qualified management team
Company Financials (Consolidated)
| Assets | 93.16 | 75.74 | 58.58 |
| Total Income | 83.6 | 84.93 | 95.25 |
| Profit After Tax | 9.2 | 10.17 | 10.53 |
| EBITDA | 10.78 | 12.11 | 13.97 |
| NET Worth | 73.59 | 64.39 | 54.22 |
| Reserves and Surplus | 59.47 | 50.27 | 40.1 |
| Total Borrowing | 11.39 | 7.24 | 0.75 |
Key Performance Indicator (KPI)
| ROE | 13.33% |
| ROCE | 14.70% |
| Debt/Equity | 0.15 |
| RoNW | 12.51% |
| PAT Margin | 11.43% |
| EBITDA Margin | 13.40% |
| Price to Book Value | 1.29 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 3.27 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Shri Hare-Krishna Sponge Iron Ltd. Address
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
+91-9589116050
cs@shkraipur.com
https://shkraipur.com/
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
shrihare.ipo@kfintech.com
https://ipostatus.kfintech.com/
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