Shri Hare-Krishna Sponge Iron IPO
Open SmeCurrent GMP
₹5 (+8.47%)
Price Band
₹ 56 – 59
Lot Size
2000
Issue Size
₹28.39 Cr
Minimum Investment
₹236000 (4000 Shares)
Listing Date
01 July 2025
Subscription
4.85x
About the Company
Shri Hare-Krishna Sponge Iron Limited, established in 2003, is engaged in the manufacturing and sale of sponge iron, a vital raw material used in steel production through electric arc and induction furnaces. The company operates a manufacturing facility located in Siltara, Raipur, Chhattisgarh, spread over approximately 13.45 acres, with an annual production capacity of 30,000 metric tonnes. Its strategic location provides convenient access to essential raw materials such as iron ore, iron ore pellets, coal, and dolomite. The company primarily caters to steel manufacturers in Maharashtra, Madhya Pradesh, and Chhattisgarh.
In Fiscal Year 2025, Shri Hare-Krishna Sponge Iron reported a revenue of ₹80.47 crore, with 95.67% of the revenue derived from sponge iron sales, followed by 2.86% from iron ore fines, 1.02% from dolochar (a by-product), and 0.45% from other items such as dust and waste scrap. The company has temporarily ceased production of other steel products like mild steel ingots, steel shots, and grits since 2020 due to rising power costs. To address this and resume full operations, the company plans to install a captive power plant using funds raised from its current issue.
The company’s operations are backed by ISO certifications for quality (ISO 9001:2015), environmental (ISO 14001:2015), and occupational health and safety management systems (ISO 45001:2018). Its facility is equipped with modern machinery, testing laboratories, and handling equipment, with in-house capabilities to test raw materials for quality assurance. Shri Hare-Krishna Sponge Iron is led by Chairman and Managing Director Mr. Manoj Parasrampuria, who brings extensive experience in the steel industry. As of April 30, 2025, the company employs 92 full-time staff and continues to focus on process improvement, product quality, and sustainable operations.
Promoters
- Anita Tradelinks Private Limited
- Buxom Trexim Private Limited
- Shyam Sunder Parasrampuria
- Manoj Parasrampuria
- Manish Parasrampuria
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.58%
Objects of the Issue
The Company Shri Hare-Krishna Sponge Iron IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding of Capital Expenditure requirements of the company towards setup of Captive Power Plant at Siltara – Raipur
- General Corporate Purpose
Address / Contact Info
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: cs@shkraipur.com
Website: https://shkraipur.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 24 June 2025
IPO Close Date
Thursday, 26 June 2025
Basis of Allotment
Friday, 27 June 2025
Initiation of Refunds
Monday, 30 June 2025
Credit of Shares to Demat
Monday, 30 June 2025
Listing Date
Tuesday, 01 July 2025 — NSE & BSE
Important Dates
Open Date
24 June 2025
Close Date
26 June 2025
Basis Of Allotment
27 June 2025
Listing Date
01 July 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 93.16 | 75.74 | 58.58 |
| Revenue | 83.6 | 84.93 | 95.25 |
| Profit After Tax | 9.2 | 10.17 | 10.53 |
| Net Worth | 73.59 | 64.39 | 54.22 |
| Reserve & Surplus | 59.47 | 50.27 | 40.1 |
| Total Borrowings | 11.39 | 7.24 | 0.75 |
EPS Pre
6.51%
EPS Post
4.79%
P/E Pre
9.06
P/E (Post Issue)
12.31x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 13.33 |
| ROCE % | 14.7 |
| Debt / Equity | 0.15 |
| RoNW % | 12.51 |
| PbW | 0 |
| Pat Margin % | 11.43 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 258000 | 0 | 0 |
| Qualified Institutions | 2402000 | 0 | 0 |
| Non-Institutional | 724000 | 0 | 0 |
| Retail Investors | 1686000 | 0 | 0 |
| Total | 5070000 | 0 | 0 |
Subscription Status ( Thu, 26 Jun 25 01:28 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2402000 | 10552000 | 4.39x |
| Non-Institutional | 724000 | 7560000 | 10.44x |
| Retail Investors | 1686000 | 5222000 | 3.1x |
| Total | 4812000 | 23334000 | 4.85x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 118,000.00 |
| Retail (Max) | 1 | 2,000 | 118,000.00 |
| S-HNI (Min) | 2 | 4,000 | 236,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shri Hare-Krishna Sponge Iron IPO is a Book-building IPO worth ₹28.39 crores. The price band is ₹56 to 59 per share. The IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Shri Hare-Krishna Sponge Iron IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025
Shri Hare-Krishna Sponge Iron IPO Price Band is ₹56 to 59.
Shri Hare-Krishna Sponge Iron IPO lot size is 2000, and the minimum amount required for application is ₹236000.
The minimum investment for Shri Hare-Krishna Sponge Iron IPO is approximately ₹236000 based on the upper price band.
To apply for the Shri Hare-Krishna Sponge Iron IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Jun 26, 2025. After submission, funds are blocked until the basis of allotment of Shri Hare-Krishna Sponge Iron IPO is finalised.
Shri Hare-Krishna Sponge Iron IPO issue size is ₹28.39 crores.
Shri Hare-Krishna Sponge Iron IPO allotment date is Sat, Jun 27, 2026.
The registrar for Shri Hare-Krishna Sponge Iron IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Shri Hare-Krishna Sponge Iron IPO through their official website or helpline.
The Shri Hare-Krishna Sponge Iron IPO GMP (Grey Market Premium) is ₹5 as of Tue, Jun 24, 2025. Based on the upper price band of ₹59 per share, the estimated Shri Hare-Krishna Sponge Iron IPO listing price is ₹64, indicating a potential listing gain of approximately 31% over the issue price.