Shri Hare-Krishna Sponge Iron IPO - Details
Shri Hare-Krishna Sponge Iron Limited is set to open its Initial Public Offering (IPO) on June 24, 2025, and the issue will close on June 26, 2025. This IPO is a Book Built Issue, through which the company plans to raise approximately ₹29.91 crores via a fresh issue of equity shares. The face value of each share is ₹10, and the price band for the IPO has been set between ₹56 to ₹59 per share. The allotment of shares is expected to be finalized on June 27, 2025, and the company is scheduled to list on the NSE on July 1, 2025.
The issue is divided among different categories of investors, with 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and the remaining 15% for High Net-worth Individuals (HNIs). Financially, the company reported a revenue of ₹83.60 crores in FY2025, slightly lower than ₹84.93 crores recorded in FY2024. Net profit also saw a marginal decline from ₹10.17 crores in 2024 to ₹9.20 crores in 2025.
Shri Hare-Krishna Sponge Iron IPO Market Lot Size
The Shri Hare-Krishna Sponge Iron IPO minimum market lot is 2000 shares with ₹1,18,000 application amount.
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 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% |
Shri Hare-Krishna Sponge Iron IPO Valuation – FY2025 (KPI)
Take a look at Shri Hare-Krishna Sponge Iron’s IPO valuation metrics, including key figures such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
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 |
Shri Hare-Krishna Sponge Iron IPO Company Financial Report
For the financial year 2025, the company recorded a revenue of ₹83.60 crores, showing a slight dip from ₹84.93 crores reported in 2024. Net profit also declined modestly, standing at ₹9.20 crores in 2025 compared to ₹10.17 crores in the previous year.
(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 Dates
The Shri Hare-Krishna Sponge Iron IPO is scheduled to open on June 24 and will close on June 26. Share allotment is expected to be completed by June 27, with the company likely to debut on the stock exchange on July 1.
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 |
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
Established in 2003, Shri Hare-Krishna Sponge Iron Limited is engaged in the production and sale of sponge iron, a key raw material used in manufacturing steel through electric arc and induction furnaces. The company operates a manufacturing facility located in Siltara, Raipur, Chhattisgarh, covering 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 high-grade iron ore, pellets, coal, and dolomite, which are crucial in the sponge iron manufacturing process.
Shri Hare-Krishna Sponge Iron primarily supplies its products to states like Maharashtra, Madhya Pradesh, and Chhattisgarh. As of April 30, 2025, the company has a workforce of 92 full-time employees. Key strengths of the company include its in-house manufacturing capabilities, strong and long-term customer relationships, and a highly qualified and experienced management team.
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. |
Objects of the IPO
To fund the capital expenditure for setting up a captive power plant at the Siltara facility in Raipur
To meet general corporate requirements
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: [email protected]
Website: https://shkraipur.com/
Shri Hare-Krishna Sponge Iron IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Check Grey market premium at below
(GMP)