Shri Hare-Krishna Sponge Iron IPO Sees 1.10x Subscription on Day 1

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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