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Shri Hare-Krishna Sponge Iron IPO: Things Smart Investors Need to Know

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.

Shri Hare-Krishna Sponge Iron IPO Details and Objectives

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

Purpose of the IPO

  • Funding of Capital Expenditure Requirements of our Company towards set up of Captive Power Plant at Siltara-Raipur

  • General Corporate Purpose

Timeline of Shri Hare-Krishna Sponge Iron IPO

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

Pricing & Lot Size of Shri Hare-Krishna Sponge Iron IPO

Price Band for the IPO

  • ₹56 to ₹59 per share

Minimum Lot Size and Application Details

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

How to Apply for the Shri Hare-Krishna Sponge Iron IPO?

Online Application Process

  • Log in to Your Trading Account
    Access your trading account through your broker’s platform.

  • Navigate to the IPO Section
    Go to the IPO section to view active IPO listings.

  • Select Shri Hare-Krishna Sponge Iron IPO
    Find "Shri Hare-Krishna Sponge Iron IPO" and click on the ‘Apply’ button.

  • Enter Application Details
    Specify the number of lots (minimum lot size: 2000 shares) and the bid price within the range of ₹56 to ₹59 per share.

  • Provide Your UPI ID
    Enter your UPI ID for payment authorization. Ensure that sufficient funds are available in your linked account.

  • Review and Submit
    Verify all the details entered before submitting the application. Approve the UPI mandate before 5 PM on June 26, 2025, to complete your application process.

Financial Health and Performance

Key Financial Metrics

  • 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.

Recent Performance and Growth Prospects

  • 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.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • 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.

Opportunities and Growth Potential

  • 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.

Key Performance Indicator (KPI)

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

 

Shri Hare-Krishna Sponge Iron IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

Kfin Technologies Limited

Hem Securities Limited 

Company Address of Shri Hare-Krishna Sponge Iron Ltd

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

Conclusion

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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