Shri Hare-Krishna Sponge Iron IPO Closes Today; Subscribed 6.43 Times So Far

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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