Shri Hare-Krishna Sponge Iron IPO

₹1,12,000/2000 shares

Minimum Investment

IPO Details

Open Date

24 Jun 25

Close Date

26 Jun 25

Minimum Investment

₹1,12,000

Lot Size

2000

Price Range

₹56 to ₹59

Listing Exchange

NSE

Issue Size

₹28.39 Cr

Listing Date

01 Jul 25

Open Free Demat Account

Shri Hare-Krishna Sponge Iron IPO Timeline

Bidding Start

24 Jun 25

Bidding Ends

26 Jun 25

Allotment Finalisation

27 Jun 25

Refund Initiation

30 Jun 25

Demat Transfer

30 Jun 25

Listing

01 Jul 25

Shri Hare-Krishna Sponge Iron Limited

Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited manufactures and sells sponge iron. The company’s plant in Siltara, Raipur, spans 13.45 acres with a 30,000 MT annual capacity. It holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environment, and safety management. Its key product—sponge iron—is vital in electric arc and induction furnace steelmaking. The company supplies to Chhattisgarh, Maharashtra, and Madhya Pradesh and had 92 full-time employees as of April 2025.

Shri Hare-Krishna Sponge Iron Limited IPO Overview

Shri Hare-Krishna Sponge Iron IPO is a book-building issue worth ₹28.39 crores, consisting entirely of a fresh issue of 48.12 lakh equity shares. The IPO will open for subscription on June 24, 2025, and close on June 26, 2025. Allotment of shares is expected to be finalised on June 27, 2025, and the stock is proposed to be listed on NSE SME, with a tentative listing date of July 1, 2025. The price band for the IPO is set between ₹56 and ₹59 per share. Investors can apply for a minimum lot size of 2,000 shares. While the base investment starts at ₹1,12,000, bidding at the cutoff price is advised to avoid the impact of oversubscription, raising the minimum effective amount to around ₹1,18,000. For HNIs, the minimum application is two lots (4,000 shares) requiring ₹2,36,000. Hem Securities Limited is the book-running lead manager, Kfin Technologies Limited is the registrar, and Hem Finlease Private Limited will act as the market maker for this IPO.

Shri Hare-Krishna Sponge Iron Limited IPO Details

Particulars	Details
IPO Date	24 June 2025 to 26 June 2025
Listing Date	1 July 2025
Face Value	₹10 per share
Issue Price Band	₹56 to ₹59 per share
Lot Size	2,000 Shares
Total Issue Size	48,12,000 shares (aggregating up to ₹28.39 Cr)
Fresh Issue	48,12,000 shares (aggregating up to ₹28.39 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	100.00%
Share Holding Post Issue	73.58%
Market Maker Portion	2,58,000 shares

Shri Hare-Krishna Sponge Iron Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Shri Hare-Krishna Sponge Iron Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2,000	₹1,18,000
Retail (Max)	1	2,000	₹1,18,000
HNI (Min)	2	4,000	₹2,36,000

Shri Hare-Krishna Sponge Iron Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue	73.58%

Shri Hare-Krishna Sponge Iron Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	6.51
Price/Earnings (P/E) Ratio	12.31
Return on Net Worth	12.51%
Net Asset Value (NAV)	₹52.08
Return on Equity	13.33%
Return on Capital Employed	14.70%
EBITDA Margin	13.40%
PAT Margin	11.43%
Debt to Equity Ratio	0.15

Objectives of the Proceeds

Funding capital expenditure for setting up a captive power plant at Siltara, Raipur, ₹23 crores

General corporate purposes

Key Financials (in ₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	93.16	75.74	58.58
Revenue	83.60	84.93	95.25
Profit After Tax	9.20	10.17	10.53
Reserves and Surplus	59.47	50.27	40.10
Total Borrowings	11.39	7.24	0.75

SWOT Analysis of Shri Hare-Krishna Sponge Iron IPO

Strength and Opportunities

In-house production ensures control over quality and supply chain.
Strong operational presence in key Indian steel-producing states.
Holds multiple ISO certifications ensuring product credibility.
Long-term client relationships promote repeat business.
Plans for captive power unit can improve cost efficiency.

Risks and Threats

Decline in revenue and profit over recent fiscal years .
High dependency on limited geographic regions for sales.
Subject to fluctuations in steel and raw material pricing.
Increased competition from larger or integrated steel players.
Regulatory and environmental compliance risks in manufacturing.

Explore IPO Opportunities

Explore our comprehensive IPO pages to stay updated on the latest trends and insights.

Upcoming SME IPOs

Current SME IPOs

Closed SME IPOs

About Shri Hare-Krishna Sponge Iron Limited

Shri Hare-Krishna Sponge Iron IPO Strengths

The company operates an in-house facility for better quality control and operational efficiency.

It maintains rigorous quality checks to deliver standardized sponge iron across all production batches.

The company enjoys sustained business from long-standing customer associations in multiple states

Its leadership team comprises seasoned professionals with expertise in iron and steel manufacturing.

Expansion through captive power generation supports operational cost optimisation and energy security.

Peer Group Comparison

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)
Shri Hare-Krishna Sponge Iron	6.51	6.51	12.31	15.80
Peer Groups
Vraj Iron and Steel Limited	14.28	14.28	12.54	11.11
Chaman Metallics Limited	4.05	4.05	36.05	9.83

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App