Shri Hare-Krishna Sponge Iron IPO Sees 1.10x Subscription on Day 1
By Shishta Dutta | Published at: Jun 25, 2025 06:08 PM IST
Kolkata | June 25, 2025:
The SME IPO of Shri Hare-Krishna Sponge Iron Limited witnessed a modest start on Day 1, garnering 1.10 times overall subscription by 4:56 p.m., as per NSE data.
Shri Hare-Krishna Sponge Iron IPO Snapshot
| Detail | Info |
|---|---|
| Issue Opens | June 25, 2025 |
| Issue Closes | June 27, 2025 |
| Price Band | ₹56 – ₹59 |
| Issue Size | 36.30 lakh shares |
| Listing Exchange | NSE SME |
| Lot Size | Not specified in image |
Day 1 Bidding Overview (as of 16:56 IST)
- Total Issue Size: 36,30,000 shares
- Total Bids Received: 40,04,000 shares
- Overall Subscription: 1.10x
- Cut-off Price Bids: 6,58,000 shares
Category-Wise Subscription:
- Qualified Institutional Buyers (QIBs)
- Applications: 2
- Shares Bid: 16,96,000
- Non-Institutional Investors (NIIs)
- Applications: 38
- Shares Bid: 14,08,000
- Corporates: 2,98,000
- Individuals (Other than RIIs): 11,10,000
- Retail Individual Investors (RIIs)
- Applications: 450
- Shares Bid: 9,00,000
- Cut-off bids: 6,58,000
- Price bids: 2,42,000
Price-Wise Demand Snapshot
| Bid Price (₹) | Shares Bid |
|---|---|
| 56 | 40,04,000 |
| 57 | 39,90,000 |
| 59 | 39,86,000 |
| Cut-off | 6,58,000 |
About the Company
Shri Hare-Krishna Sponge Iron Ltd is engaged in manufacturing sponge iron and allied products. Incorporated in 2003 and headquartered in Kolkata, the company is looking to raise capital to expand its operations through this IPO.
What to Watch
- Subscription traction on Day 2, especially from QIBs
- Price discovery trend near the upper band of ₹59
- Final oversubscription levels in retail and HNI segments
Stay tuned for more updates as the IPO progresses.
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