Shri Hare-Krishna Sponge Iron IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Tue, 24 Jun 2025
Close Date
Thu, 26 Jun 2025
Price Band
₹ 56 – 59
Lot Size
2000
Issue Size
₹ 28.39 Cr
Minimum Investment
₹ 236,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shri Hare-Krishna Sponge Iron IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹28.39 Crore, comprising a fresh issue of 48.12 Lakh equity shares aggregating to ₹28.39 Crore.
The Shri Hare-Krishna Sponge Iron IPO remained open for subscription from June 24, 2025, to June 26, 2025. The basis of allotment was finalized on June 27, 2025, and the company's shares were listed on NSE SME Platform on July 01, 2025.
The company had fixed the price band at ₹56 to ₹59 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹236,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Shri Hare-Krishna Sponge Iron Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Shri Hare-Krishna Sponge Iron IPO Timeline (Tentative)
- IPO Open Date
- Tue, 24 Jun 25
- IPO Close Date
- Thu, 26 Jun 25
- Basis of Allotment
- Fri, 27 Jun 25
- Initiation of Refunds
- Mon, 30 Jun 25
- Credit of Shares to Demat
- Mon, 30 Jun 25
- Listing Date
- Tue, 01 Jul 25 — NSE & BSE
Open Date
24 June 2025
Close Date
26 June 2025
Basis Of Allotment
27 June 2025
Listing Date
01 July 2025
IPO Subscription
Check Live Subscription →The Shri Hare-Krishna Sponge Iron IPO has received bids for 2,33,34,000 shares against 48,12,000 shares offered, resulting in an overall subscription of 4.85x. the NII category is subscribed 10.44x, Retail Investors 3.1x, and QIBs 4.39x.
QIB
4.39x
NII
10.44x
RII
3.1x
Total
4.85x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,86,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 24,02,000 shares (0%), while Non-Institutional Investors (NIIs) receive 7,24,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 258,000 | 0% |
| Qualified Institutions | 2,402,000 | 0% |
| Non-Institutional | 724,000 | 0% |
| Retail Investors | 1,686,000 | 0% |
| Total | 5,070,000 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shri Hare-Krishna Sponge Iron Limited KPI Information
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 13.33 |
| ROCE % | 14.7 |
| Debt / Equity | 0.15 |
| RoNW % | 12.51 |
| Pat Margin % | 11.43 |
Peers Comparison
No Peer Comparision Available
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
Shri Hare-Krishna Sponge Iron Limited Address / Contact Details
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
Shri Hare-Krishna Sponge Iron IPO Lot Size
The Shri Hare-Krishna Sponge Iron IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,18,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,18,000.
| 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 |
Issue Reservation
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shri Hare-Krishna Sponge Iron 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.
When will the Shri Hare-Krishna Sponge Iron IPO open for subscription?
The Shri Hare-Krishna Sponge Iron IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025
What is Shri Hare-Krishna Sponge Iron IPO Price Band?
Shri Hare-Krishna Sponge Iron IPO Price Band is ₹56 to 59 per share.
What is Shri Hare-Krishna Sponge Iron IPO Lot Size?
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
What is the minimum investment for Shri Hare-Krishna Sponge Iron IPO?
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.
How to apply for Shri Hare-Krishna Sponge Iron IPO?
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.
What is Shri Hare-Krishna Sponge Iron IPO Issue Size?
Shri Hare-Krishna Sponge Iron IPO issue size is ₹28.39 crores.
What is the Shri Hare-Krishna Sponge Iron IPO Allotment Date?
Shri Hare-Krishna Sponge Iron IPO allotment date is Fri, Jun 27, 2025.
Who is the Shri Hare-Krishna Sponge Iron IPO Registrar?
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.
What is the Shri Hare-Krishna Sponge Iron IPO GMP?
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 8.47% over the issue price.
Who is the Shri Hare-Krishna Sponge Iron IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shri Hare-Krishna Sponge Iron IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shri Hare-Krishna Sponge Iron IPO Red Herring Prospectus (RHP).