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Shri Hare Krishna Sponge Iron IPO

  • Status: Closed
  • RHP:
  • ₹ 112,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    01 Jul 2025

  • Listing Price

    ₹ 64.80

  • Listing Change

    9.83%

  • Last Traded Price

    ₹ 73.90

IPO Details

  • Open Date

    24 Jun 2025

  • Close Date

    26 Jun 2025

  • Listing Date

    01 Jul 2025

  • IPO Price Range

    ₹ 56 to ₹59

  • IPO Size

    ₹ 28.39 Cr

  • Listing Exchange

    NSE SME

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IPO Timeline

Shri Hare Krishna Sponge Iron IPO Subscription Status

Last Updated: 26 June 2025 10:03 PM by 5paisa

Shri Hare Krishna Sponge Iron Limited is set to release its IPO on June 24, 2025. Incorporated in May 2003, the company is engaged in the manufacturing and sale of Sponge Iron, an essential raw material for steel production. The company’s production facility is located in Siltara, Raipur (Chhattisgarh), and spans 13.45 acres, with an installed annual capacity of 30,000 MT.
The facility is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, ensuring robust quality, environmental, and safety management standards. Its customer base spans Maharashtra, Madhya Pradesh, and Chhattisgarh.

Established in: 2003
Managing Director: Manoj Parasrampuria
 

Objectives

The company plans to utilise the net IPO proceeds towards:

Setting up a Captive Power Plant at Siltara – Raipur
General corporate purposes
 

Shri Hare Krishna Sponge Iron IPO Size

Types Size
Total IPO Size ₹28.39 Cr
Offer For Sale -
Fresh Issue ₹28.39 Cr

 

Shri Hare Krishna Sponge Iron IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹1,12,000
Retail (Max) 1 2000 ₹1,12,000
HNI (Min) 2 4000 ₹2,24,000

Shri Hare Krishna Sponge Iron IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 10.97 9,62,000 1,05,52,000     62.257
NII (HNI) 10.09 7,24,000 73,02,000 43.082
Retail 3.10 16,86,000 52,22,000 30.810
Total** 6.84 33,72,000 2,30,76,000 136.148

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 95.25 84.93 83.60
EBITDA 13.97 12.11 10.78
PAT 10.53 10.17 9.20
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 0.75 7.24 11.39
Share Capital 14.12 14.12 14.12
Total Borrowings 58.58 75.74 93.16
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 23.34 1.42 12.93
Net Cash Generated From / (used in) investing activities -16.58 -15.49 -20.20
Net Cash Generated From / (used in) financing activities -0.22 6.26 3.99
Net Increase (Decrease) In Cash And Cash Equivalents 6.54 7.81 3.28


Strengths

1. In-house manufacturing facility with stringent quality certifications
2. Long-standing client relationships across key Indian states
3. Experienced promoters and management team
4. Strong operational discipline and safety standards
 

Weaknesses

1. PAT and revenue saw a marginal decline in FY25 vs FY24
2. Limited geographic diversification of customers
3. Exposure to the cyclical nature of the steel manufacturing industry
4. High capital expenditure for the upcoming captive power plant
 

Opportunities

1. Expansion into backwards integration with captive power generation
2. Rising steel demand in the infrastructure and construction sectors
3. Operational efficiency improvements through process automation
4. Potential for market expansion in East and North India
 

Threats

1. Volatility in coal and raw material prices
2. Regulatory changes in the steel and power sectors
3. Dependence on a few regional markets
4. Competition from larger, integrated steel producers
 

1. Established player with over two decades in sponge iron manufacturing
2. Certified facility with ISO standards in quality, environment, and safety
3. Strong fundamentals despite minor year-on-year decline
4. Planned backward integration through captive power plant to enhance margins
5. Consistent cash generation and growing net worth
 

1. Sponge iron demand is rising due to infrastructure and smart city development.
2. Increased steel consumption fuels growth in the secondary steel industry.
3. Induction and electric arc furnaces rely heavily on sponge iron.
4. Shri Hare-Krishna Sponge Iron is well-positioned with expansion plans and consistent product quality.
 

Will You Apply for Shri Hare Krishna Sponge Iron IPO?

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FAQs

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

Shri Hare-Krishna Sponge Iron IPO size is ₹28.39 Cr through a fresh issue of 48.12 lakh shares.
 

Shri Hare-Krishna Sponge Iron IPO price band is set between ₹56 and ₹59 per share.
 

To apply for Shri Hare-Krishna Sponge Iron IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section
  • Enter the number of lots and the price at which you wish to apply for the Shri Hare-Krishna Sponge Iron IPO
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

You will receive the mandate notification to block funds in your UPI app
 

Minimum lot of Shri Hare-Krishna Sponge Iron IPO size is 2,000 shares with an investment of ₹1,12,000.
 

Tentative listing date of Shri Hare-Krishna Sponge Iron IPO is July 1, 2025, on the NSE SME platform.

Hem Securities Limited is the book-running lead manager of Shri Hare-Krishna Sponge Iron IPO.
 

Shri Hare-Krishna Sponge Iron IPO to utilise the IPO proceeds towards:

Set up a Captive Power Plant at the manufacturing unit
Meet general corporate expenses