Shri Hare-Krishna Sponge Iron IPO Details
The Shri Hare-Krishna Sponge Iron IPO is a book build issue with a total issue size of ₹28.39 cr, comprising of fresh issue of 4812000 equity shares. Shri Hare-Krishna Sponge Iron IPO opened for subscription on Jun 24, 2025 and closed on Jun 26, 2025. Shri Hare-Krishna Sponge Iron IPO is set price band at ₹56 to ₹59 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹236,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jun 27, 2025, and listed on the NSE on Jul 01, 2025.
Kfin Technologies Limited has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Shri Hare-Krishna Sponge Iron IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 56 – 59
- Lot Size
- 2000
- Issue Size
- ₹28.39 Cr
- Minimum Investment
- ₹236000 (4000 Shares)
- Listing Date
- 01 July 2025
Current GMP
₹5 (+8.47%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Shri Hare-Krishna Sponge Iron Limited
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.
Shri Hare-Krishna Sponge Iron IPO 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%
Shri Hare-Krishna Sponge Iron IPO Objective
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
Book Running Lead Managers
- Hem Securities Limited
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 with a total issue size of ₹28.39 crore. The Shri Hare-Krishna Sponge Iron IPO price band is ₹56 to 59 per share. The Shri Hare-Krishna Sponge Iron IPO subscription opens on Tue, Jun 24, 2025, and closes on Thu, Jun 26, 2025. The Shri Hare-Krishna Sponge Iron IPO will be listed on the NSE. Kfin Technologies Limited is the registrar for the Shri Hare-Krishna Sponge Iron IPO.
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 per share.
Shri Hare-Krishna Sponge Iron IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
The minimum investment for Shri Hare-Krishna Sponge Iron IPO is ₹236000, based on one lot of 2000 shares at the upper price band of ₹59 per share.
Investors can apply for the Shri Hare-Krishna Sponge Iron IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jun 26, 2025. The application amount remains blocked until the Shri Hare-Krishna Sponge Iron IPO allotment is finalized.
Shri Hare-Krishna Sponge Iron IPO issue size is ₹28.39 crores.
Shri Hare-Krishna Sponge Iron IPO allotment date is Wed, Jul 1, 2026.
The registrar for Shri Hare-Krishna Sponge Iron IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Shri Hare-Krishna Sponge Iron IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.