Shri Hare-Krishna Sponge Iron IPO Details: The Shri Hare-Krishna Sponge Iron IPO is scheduled to open on June 24, 2025, and will close on June 26, 2025. This is a book-built issue, with the company aiming to raise approximately ₹29.91 crores. The offer comprises a fresh issue of ₹29.91 crores, while details regarding the offer for sale are yet to be disclosed. Each equity share carries a face value of ₹10.
The IPO price band has been set between ₹56 to ₹59 per share. The issue is allocated as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for High Net-Worth Individuals (HNIs), and 35% for retail investors. The shares are proposed to be listed on the NSE, with the tentative listing date set for July 1, 2025. The basis of allotment is expected to be finalized on June 27, 2025.
Financially, the company posted a revenue of ₹83.60 crores in FY 2025, compared to ₹84.93 crores in FY 2024. Its net profit stood at ₹9.20 crores in FY 2025, slightly down from ₹10.17 crores in FY 2024. Based on these figures, investors may consider this IPO as a potential long-term investment opportunity.
Shri Hare-Krishna Sponge Iron IPO Objectives:
- 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 IPO Review (Apply or Not)
- Update soon
Shri Hare-Krishna Sponge Iron IPO Date & Price Band Details:
| IPO Open Date: | June 24, 2025 |
| IPO Close Date: | June 26, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹56 to ₹59 Per Share |
| Issue Size: | Approx ₹29.91 Crores |
| Fresh Issue: | Approx ₹29.91 Crores |
| Issue Type: | Book Build Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Shri Hare-Krishna Sponge Iron IPO Lot Size:
The minimum market lot for the Shri Hare-Krishna Sponge Iron IPO is 2,000 shares, requiring a total application amount of ₹1,18,000 for retail investors.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹1,18,000 |
| Retail Maximum | 1 | 2000 | ₹1,18,000 |
| S-HNI Minimum | 2 | 4000 | ₹- |
Shri Hare-Krishna Sponge Iron IPO Allotment & Listing Date (Details)
The Shri Hare-Krishna Sponge Iron IPO will open on June 24 and close on June 26, 2025. The basis of allotment is expected to be finalized on June 27, with the shares likely to be listed on the stock exchange on July 1, 2025.
| IPO Open Date: | June 24, 2025 |
| IPO Close Date: | June 26, 2025 |
| Basis of Allotment: | June 27, 2025 |
| Refunds: | June 30, 2025 |
| Credit to Demat Account: | June 30, 2025 |
| IPO Listing Date: | July 1, 2025 |
Shri Hare-Krishna Sponge Iron IPO GMP Today:
GMP for Shri Hare-Krishna Sponge Iron SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of Shri Hare-Krishna Sponge Iron IPO
The promoters of the company are Anita Tradelinks Private Limited, Buxom Trexim Private Limited, Shyam Sunder Parasrampuria, Manoj Parasrampuria and Manish Parasrampuria.
About Shri Hare-Krishna Sponge Iron IPO
Shri Hare-Krishna Sponge Iron Limited, founded in 2003, is a prominent company involved in the manufacturing and selling of Sponge Iron. The Sponge Iron is mainly utilized to make steel in electric arc and induction furnaces. The manufacturing plant is in Siltara, Raipur (Chhattisgarh), spread over about 13.45 acres, with a yearly production capacity of 30,000 metric tonnes. Having the sponge iron plant in a good location gives them easy access to essential raw materials like high-quality iron ore, pellets, coal, and dolomite needed for making sponge iron. Maharashtra, Madhya Pradesh, and Chhattisgarh are some of the states where the company sells its products. The company includes 92 full-time employees as of April 30, 2025. The competitive strengths of the company are an in-house manufacturing facility, a Long-standing relationship with our customers, and a Well-qualified and Experienced Management Team.
Shri Hare-Krishna Sponge Iron IPO Company Financial Report
The company reported revenue of ₹83.60 crores in 2025 against ₹84.93 crore in 2024. The company reported profit of ₹9.20 crores in 2025 against profit of ₹10.17 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹95.25 | ₹80.99 | ₹10.53 | ₹58.58 |
| 2024 | ₹84.93 | ₹71.24 | ₹10.17 | ₹75.74 |
| 2025 | ₹83.60 | ₹71.23 | ₹9.20 | ₹93.16 |
Shri Hare-Krishna Sponge Iron IPO Valuation – FY2025
Check Shri Hare-Krishna Sponge Iron IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 13.33% |
| ROCE: | 14.70% |
| EBITDA Margin: | 13.40% |
| PAT Margin: | 11.43% |
| Debt to equity ratio: | 0.15 |
| Earning Per Share (EPS): | ₹6.51 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.51% |
| Net Asset Value (NAV): | ₹52.11 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Vraj Iron and Steel Limited | 14.28 | 12.54 | 11.11% | 120.34 | 478.86 Cr. |
| Chaman Metallics Limited | 4.05 | 36.05 | 9.83% | 41.19 | 174.18 Cr. |
Shri Hare-Krishna Sponge Iron IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: shrihare.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
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/
Shri Hare-Krishna Sponge Iron IPO – FAQs
What is the Shri Hare-Krishna Sponge Iron IPO?
Shri Hare-Krishna Sponge Iron IPO is an SME public issue through which the company plans to raise ₹29.91 crores. The IPO is a book-built issue, priced in the range of ₹56 to ₹59 per equity share, and will be listed on the NSE SME platform.
When will the Shri Hare-Krishna Sponge Iron IPO open for subscription?
The IPO will open for subscription on June 24, 2025, and will close on June 26, 2025. It will be available for QIBs, NIIs, and retail investors.
What is the investors’ portion in the Shri Hare-Krishna Sponge Iron IPO?
The IPO allocation is as follows:
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NIIs): 15%
- Retail Individual Investors (RIIs): 35%
How can I apply for the Shri Hare-Krishna Sponge Iron IPO?
You can apply through the ASBA process via your online bank account. Alternatively, you can apply using the UPI method through stockbroker platforms like Zerodha, Groww, or Upstox. Offline applications can also be submitted through your broker using the physical IPO form.
What is the issue size of the Shri Hare-Krishna Sponge Iron IPO?
The total issue size is ₹29.91 crores, which comprises a fresh issue only.
What is the price band for the Shri Hare-Krishna Sponge Iron IPO?
The price band is set between ₹56 to ₹59 per share.
What is the lot size for the Shri Hare-Krishna Sponge Iron IPO?
The minimum lot size is 2,000 shares, requiring a minimum investment of ₹1,18,000.
What is the allotment date for the Shri Hare-Krishna Sponge Iron IPO?
The basis of allotment will be finalized on June 27, 2025.
What is the listing date of the Shri Hare-Krishna Sponge Iron IPO?
The shares are proposed to be listed on the NSE SME platform on July 1, 2025.
