Who is the CEO of Shri Hare-Krishna Sponge Iron Ltd?
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The CEO or key managerial personnel of Shri Hare-Krishna Sponge Iron Limited is Manoj Parasrampuria.
BAJAJ BROKING
Shri Hare-Krishna Sponge Iron Limited, incorporated in May 2003, is involved in the production and sale of sponge iron—a core material used in steel manufacturing. The company's facility is located in Siltara, Raipur, Chhattisgarh, and occupies around 13.45 acres. The plant has an annual production capacity of 30,000 metric tonnes and operates under recognised certifications, including ISO 9001:2015 for quality, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety standards.
The company’s products are distributed across Maharashtra, Madhya Pradesh, and Chhattisgarh, catering to steel manufacturers that use electric arc and induction furnaces. As of April 30, 2025, the company employed 92 full-time personnel. With operations focused on selected regions, Shri Hare-Krishna Sponge Iron Limited continues to address the material needs of steel producers by supplying sponge iron aligned with industry usage requirements.
For more details, visit the Shri Hare-Krishna Sponge Iron IPO page.
Details | Information |
IPO Date | June 24, 2025 to June 26, 2025 |
Issue Size | 50,70,000 shares (aggregating up to ₹29.91 Cr) |
Price Band | ₹56 to ₹59 per share |
Lot Size | 2000 shares |
Listing At | NSE SME |
Market Maker | Hem Finlease Private Limited |
Funding of Capital Expenditure Requirements of our Company towards set up of Captive Power Plant at Siltara-Raipur
General Corporate Purpose
Event | Date |
---|---|
IPO Open Date | Tue, Jun 24, 2025 |
IPO Close Date | Thu, Jun 26, 2025 |
Tentative Allotment | Fri, Jun 27, 2025 |
Initiation of Refunds | Mon, Jun 30, 2025 |
Credit of Shares to Demat | Mon, Jun 30, 2025 |
Tentative Listing Date | Tue, Jul 1, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
₹56 to ₹59 per share
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 2000 | ₹1,18,000 |
Retail (Max) | 1 | 2000 | ₹1,18,000 |
HNI (Min) | 2 | 4,000 | ₹2,36,000 |
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Total Assets: Grew from ₹58.58 crore in FY23 to ₹93.16 crore as of March 2025.
Revenue: Reached ₹83.60 crore in FY25.
Profit After Tax (PAT): Stood at ₹9.20 crore for March 2025.
Net Worth: Recorded at ₹73.59 crore in FY25.
EBITDA: Recorded at ₹10.78 crore (March 2025), growing steadily over the years.
Total Borrowings: Stood at ₹11.39 crore in March 2025.
The company has witnessed a noticeable expansion in its total assets over the recent financial years.
Revenue has shown a consistent upward trend, reflecting stable demand and operational activity.
Profit after tax has remained healthy, indicating a balanced cost structure and revenue efficiency.
The net worth of the company has strengthened, supported by retained earnings and capital growth.
EBITDA performance has shown steady improvement, highlighting operational stability and cost control.
Borrowings have been maintained at a manageable level, suggesting a controlled approach to financial leverage.
The company's operations are concentrated in select states, which could limit diversification and expose it to region-specific risks.
The business is closely linked to the steel manufacturing sector, making it susceptible to fluctuations in industry demand and raw material pricing.
The planned captive power plant may enhance production efficiency and reduce dependency on external energy sources.
Rising demand for steel and related raw materials across core sectors offers scope for expanding customer reach and operational capacity.
KPI | Values |
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 |
Registrar | Lead Manager(s) |
---|---|
Kfin Technologies Limited | Hem Securities Limited |
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
Shri Hare-Krishna Sponge Iron Limited has been operating in the sponge iron manufacturing sector for over two decades. With a production facility located in Chhattisgarh, the company supplies to selected regions and maintains industry-recognised certifications for quality, environment, and safety. Its business activities remain aligned with steel manufacturers that utilise sponge iron in specific furnace operations.
The upcoming IPO is structured to support capital expenditure, particularly the setup of a captive power plant, along with meeting general corporate requirements. The offering includes defined pricing and lot size, with listing planned on the NSE SME platform. Interested applicants may access the IPO through their trading accounts within the announced timeline.
Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Shri Hare-Krishna Sponge Iron IPO.
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The CEO or key managerial personnel of Shri Hare-Krishna Sponge Iron Limited is Manoj Parasrampuria.
The IPO is scheduled to open for subscription on June 24, 2025, and will close on June 26, 2025.
Shri Hare-Krishna Sponge Iron Limited is engaged in the manufacturing and sale of sponge iron, which is used in steel production. The business operates in select regions and caters to specific industrial needs. Its sustainability depends on demand within the steel sector, operational efficiencies, and energy cost management.
The total issue size is 50,70,000 shares, aggregating up to ₹29.91 crore.
‘Pre-apply’ allows investors to submit their IPO applications in advance through participating broker platforms. The orders are processed when the IPO officially opens.
Once the application is submitted and the UPI mandate is approved before the cut-off time of 5 PM on June 26, 2025, the order is considered placed. Confirmation may also be received via email or SMS from your broker or registrar.
The minimum application is for 1 lot, consisting of 2,000 shares.
The tentative allotment date is June 27, 2025.
The registrar for the IPO is Kfin Technologies Limited.
No governance issues or red flags have been reported or disclosed in the available public documents as of now.
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