Shri Hare-Krishna Sponge Iron IPO Closes Today; Subscribed 6.43 Times So Far
By Shishta Dutta | Updated at: Jan 28, 2026 05:02 PM IST
Kolkata, June 26, 2025 — The SME IPO of Shri Hare-Krishna Sponge Iron Limited, which opened on June 24, 2025, is set to close today amid robust investor demand. As per NSE Emerge data updated on June 26 at 5:20 p.m., the IPO has received bids for 2,33,34,000 shares against the 36,30,000 shares on offer to the public, translating to an overall subscription of 6.43 times.
The public issue comprises a fresh issue of 50.70 lakh equity shares and is priced in the band of ₹56 to ₹59 per share, aiming to raise ₹28.91 crore at the upper end.
Shri Hare-Krishna Sponge Iron IPO Snapshot
| Detail | Information |
|---|---|
| Issue Opens | June 24, 2025 |
| Issue Closes | June 26, 2025 (Today) |
| Price Band | ₹56 – ₹59 |
| Issue Size | ₹28.91 crore |
| Shares on Offer to Public | 36,30,000 shares |
| Subscription (Day 3) | 6.43 times |
| Listing Exchange | NSE Emerge |
| Allotment Date | On or before June 30, 2025 |
| Listing Date | On or before July 1, 2025 |
Subscription Breakdown (as of June 26, 5:20 PM)
| Category | Shares Bid For | Approx. Times Subscribed |
|---|---|---|
| Qualified Institutional Buyers | 1,05,52,000 | ~8.5x (est.) |
| Non-Institutional Investors | 75,60,000 | ~5.2x (est.) |
| Retail Individual Investors | 52,22,000 | ~3.1x (est.) |
| Total | 2,33,34,000 | 6.43x |
Company Overview
Established in 2003, Shri Hare-Krishna Sponge Iron Ltd is engaged in the manufacturing of sponge iron at its 30,000 MTPA facility in Siltara, Raipur (Chhattisgarh). The IPO proceeds will primarily fund the setup of a 5 MW captive power plant to support steel product manufacturing and reduce dependence on grid electricity.
Financial Highlights (FY25)
- Revenue: ₹8,360 lakh
- Net Profit: ₹919.8 lakh
- EPS: ₹6.51
- Net Worth: ₹7,359 lakh
- ROE (Est.): ~12.5%
Promoter & Lead Details
- Promoters: Anita Tradelinks Pvt Ltd, Buxom Trexim Pvt Ltd, and the Parasrampuria family
- Lead Manager: Hem Securities Ltd
- Registrar: KFin Technologies Ltd
- Market Maker: Hem Finlease Pvt Ltd
What’s Ahead?
Allotment is expected to be finalised by June 30, with the shares likely to be listed on NSE Emerge on July 1, 2025.
Stay tuned for final subscription updates and allotment status.
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