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Shri Hare-Krishna Sponge Iron Ltd

Steel

Offer Period :

24th to 26th Jun 2025

Shri Hare-Krishna Sponge Iron Ltd IPO Details

IPO Date 24th to 26th Jun 2025 Minimum Investment ₹118000 / 2 Lots
Listing Date 2025-07-01 Maximum Investment ₹118000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹29.91 Crores
Price ₹59 to ₹59 per share Fresh Issue ₹29.91 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 14121050 Shares
Issue Type Book Building - SME Shareholding Post Issue 19191050 Shares
IPO Date 24th to 26th Jun 2025
Listing Date 2025-07-01
Face Value ₹10 per share
Price ₹59 to ₹59 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Total Issue Size ₹29.91 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹118000 / 2 Lots
Maximum Investment ₹118000 / 1 Lots
Fresh Issue ₹29.91 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 14121050 Shares
Shareholding Post Issue 19191050 Shares

About Shri Hare-Krishna Sponge Iron Ltd IPO

Shri Hare-Krishna Sponge Iron Limited, incorporated in May 2003, is involved in the manufacturing and sale of sponge iron—a critical input used in steel production through electric arc and induction furnaces. The company operates a production facility located in Siltara, Raipur, Chhattisgarh, covering approximately 13.45 acres of land. With an installed annual capacity of 30,000 metric tonnes, the unit caters to the sponge iron requirements of steel manufacturers in states such as Maharashtra, Madhya Pradesh, and Chhattisgarh.
 

The facility is certified with ISO 9001:2015 for quality management, ISO 14001:2015 for environmental standards, and ISO 45001:2018 for occupational health and safety systems. As of April 30, 2025, the company employed 92 full-time staff members. Shri Hare-Krishna Sponge Iron Limited aims to support steel producers within its operational geographies by supplying sponge iron that meets industrial specifications.

Founding Year: 2003

Managing Director: Manoj Parasrampuria

Shri Harekrishna Sponge Iron Limited Timeline

Important dates for allocation and IPO listing.

24th Jun

IPO Opens

26th Jun

IPO Close

27th Jun

Allotment Date

30th Jun

Initiation of Refund

30th Jun

Credit of Shares to Demat Account

1st Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73.58
Public Group 0 26.42

Shri Hare-Krishna Sponge Iron Ltd IPO Reservation

QIB Shares Offered 960800(18.95%)
NII (HNI) Shares Offered 724000(14.28%)
Retail Shares Offered 1686000(33.25%)
Anchor Investor Shares Offered 1441200(28.43%)
Total Shares Offered 5070000
Total Shares With Anchor Investor 5070000

Shri Hare-Krishna Sponge Iron Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹118000
Retail (Max) 1 2000 ₹118000
S HNI (Min) 2 4000 ₹236000
S HNI (Max) 8 16000 ₹944000
B HNI (MIN) 9 18000 ₹1062000

Shri Hare-Krishna Sponge Iron Ltd IPO Anchor Investor Details

Bid Date 23 June 2025
Shares Offered 0
Anchor Portion Size 0

Shri Hare-Krishna Sponge Iron Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 67162222,
Email Id shrihare.ipo@kfintech.com
Our Website www.kfintech.com

Shri Hare-Krishna Sponge Iron Ltd IPO Lead Manager

1. Hem Securities Ltd

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Shri Hare-Krishna Sponge Iron Ltd Financial Information

Period Ended March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹73.59 ₹64.39 ₹54.22
Reserves and Surplus ₹59.47 ₹50.27 ₹40.1
Total Borrowing ₹11.39 ₹7.24 ₹0.75

Shri Hare-Krishna Sponge Iron Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 960800 10552000 10.9825
Non Institutional Investors (NIIs) 724000 7560000 10.442
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 724000 0 0
Retail Individual Investors (RIIs) 1686000 5222000 3.0973
Total 3630000 23334000 6.4281

Strength of Shri Hare-Krishna Sponge Iron Ltd

1. In-house manufacturing facility.

2. Stringent quality control mechanism ensuring standardized product quality.

3. Long standing relationship with our customers.

4. Well qualified and Experienced Management Team.

Risks Involved

1. The viability of its business operations for the Steel Division is dependent on cost of power and fuel, any volatility in energy prices may result into financial stress on the viability of the Steel operations which may lead to temporary shutdown of the plant, which had an affect its revenue and financial strength in the past and could effect the future too.

2. Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.

3. In the past, the Company contravened certain provisions of the SEBI Act and Regulations, for which SEBI imposed a penalty amounting to Rs. 2,40,000/- on the Company. This penalty was imposed under Section 15HA of the SEBI Act, 1992, for alleged violations in relation to trading activities in the Stock Options Segment of the Bombay Stock Exchange (BSE) during the period from April 1, 2014, to September 30, 2015.

4. The company significantly depends upon few of the raw material suppliers for manufacturing of sponge iron. Volatility in the supply and pricing of its raw materials may have an adverse effect on its business, financial condition and results of operations.

5. Its business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on its revenue and results of operations.

6. The Company is yet to place orders for the some of the Plant & Machinery for the setup of captive power plant. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

7. Majority of its revenue is dependent on single business segment i.e. Sponge Iron. An inability to anticipate or adapt to evolving upgradation of products or inability to ensure product quality or reduction in the demand of such products may adversely impact its revenue from operations and growth prospects.

8. There have been certain instances of non-compliances/ discrepancies, including with respect to certain secretarial/ regulatory filings for corporate actions taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties for any such non-compliance/ discrepancies and its business, financial position and reputation may be adversely affected.

9. The company does not own the Registered Office and Manufacturing Unit from which its carry out the company business activities. In case of dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

10. The company requires certain approvals, licenses, registrations and permits to operate its business, and failures to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate its business may adversely affect its operations and financial conditions.

Why should you invest in

-

Shri Hare-Krishna Sponge Iron Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Shri Harekrishna Sponge Iron Limited IPO Contact Details

Shri Hare-Krishna Sponge Iron Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-07-01 94049 SHKSIL
INE0NON01025
₹59 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹59 ₹59
Open ₹0 ₹64.8
Low ₹0 ₹61.6
High ₹0 ₹65.75
Low ₹0 ₹61.6

Industry Outlook of Shri Hare-Krishna Sponge Iron IPO

  • India’s iron ore production reached 257.85 million tonnes (MT) in FY23, rising slightly from 253.97 MT in FY22.

  • Compared to FY21’s figure of 205.04 MT, the increase represents a growth of around 23%.

  • Iron ore exports declined to US$ 1.75 billion in 2022–23 from US$ 3.18 billion in 2021–22.

  • By January 2024 in FY24, crude steel output stood at 118 MT, while finished steel production reached 114 MT.

  • In FY23, India produced 193.16 MT of crude steel and 89.55 MT of finished steel.

  • For April 2024 alone, crude steel production was recorded at 11.9 MT, and finished steel at 11.2 MT.

  • Steel Authority of India Limited (SAIL) recorded its highest annual crude steel output of 18.289 MT in FY23, marking a 5.3% increase from its previous high.

  • In FY24, SAIL’s crude steel production reached 19.23 MT and saleable steel production was 18.4 MT.

  • The industry’s production capacity has reached 142.2 MT.
     

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.

Frequently Asked Questions

What is Shri Hare-Krishna Sponge Iron Ltd IPO?

Answer Field

Shri Hare-Krishna Sponge Iron Ltd IPO is a SME IPO of 50,70,000 equity shares of a face value of ₹10 aggregating up to ₹29.91 Crores. The issue is priced at ₹59 to ₹59 per share. The minimum order quantity is 2000 Shares. The IPO opens on June 24, 2025, and closes on June 26, 2025. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Shri Hare-Krishna Sponge Iron Ltd IPO will open?

Answer Field

The Shri Hare-Krishna Sponge Iron Ltd IPO opens on June 24, 2025 and closes on June 26, 2025.

What is the lot size of Shri Hare-Krishna Sponge Iron Ltd?

Answer Field

Shri Hare-Krishna Sponge Iron Ltd lot size is 2000 shares, and the minimum amount required is ₹1,18,000.

How to apply for Shri Hare-Krishna Sponge Iron Ltd IPO?

Answer Field

You can apply in Shri Hare-Krishna Sponge Iron Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Shri Hare-Krishna Sponge Iron Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Shri Hare-Krishna Sponge Iron Ltd IPO will be done on June 27, 2025, and the allotted shares will be credited to your demat account by June 30, 2025.

When is Shri Hare-Krishna Sponge Iron Ltd IPO listing date?

Answer Field

The Shri Hare-Krishna Sponge Iron Ltd listing date is July 01, 2025.

Who is the registrar of Shri Hare-Krishna Sponge Iron Ltd IPO?

Answer Field

The registrar of Shri Hare-Krishna Sponge Iron Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Shri Hare-Krishna Sponge Iron Ltd IPO?

Answer Field

The fresh issue size is ₹29.91 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Shri Hare-Krishna Sponge Iron Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,18,000 amount.

How can I approve the UPI mandate request for Shri Hare-Krishna Sponge Iron Ltd IPO?

Answer Field

To apply for Shri Hare-Krishna Sponge Iron Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Shri Hare-Krishna Sponge Iron Ltd?

Answer Field

The price of each Shri Hare-Krishna Sponge Iron Ltd share will be ranging in between ₹59 to ₹59 per share.

What is the cut-off time for the UPI mandate for Shri Hare-Krishna Sponge Iron Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 26, 2025.

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