Nifty 50
- TCS₹2,32980.60 (3.58%)
- UltraTech Cement₹11,552-165.00 (-1.41%)
- HCL Technologies₹1,325.8043.80 (3.42%)
- ICICI Bank₹1,428.30-14.70 (-1.02%)
- Tech Mahindra₹1,637.5052.50 (3.31%)
- Tata Steel₹184.90-1.90 (-1.02%)
- Infosys₹1,141.1030.30 (2.73%)
- Shriram Finance₹1,090.10-10.90 (-0.99%)
- Wipro₹179.923.52 (2.00%)
- Asian Paints₹2,605-26.00 (-0.99%)
- Bajaj Auto₹11,920200.00 (1.71%)
- InterGlobe Aviation₹5,152-37.00 (-0.71%)
- Apollo Hospitals₹8,883.5083.50 (0.95%)
- SBI Life Insurance ₹1,761.20-12.00 (-0.68%)
- Trent₹2,905.8027.30 (0.95%)
- Bajaj Finserv₹1,997.40-13.60 (-0.68%)
- Power Grid Corp₹266.451.55 (0.59%)
- Adani Enterprises₹3,148.50-20.50 (-0.65%)
- Coal India₹402.252.25 (0.56%)
- JSW Steel₹1,328.90-8.60 (-0.64%)
- Offerings
- Tools & Platforms
Tools & Calculators
- Open API
- Calculators
- SIP Calculator
- CAGR Calculator
- Compound Interest Calculator
- FD Calculator
- RD Calculator
- EPF Calculator
- Retirement Calculator
- HDFC SIP Calculator
- Mutual Fund Return Calculator
- Lumpsum Calculator
- Step Up SIP Calculator
- ETF SIP Calculator
- Brokerage Calculator
- Equity Margin Calculator
- SWP Calculator
- EMI Calculator
- MTF Calculator
- Margin Pledge Calculator
- Markets
Stocks
F&O
Mutual Funds
- More
Shri Hare-Krishna Sponge Iron IPO
₹1,12,000/2000 shares
Minimum Investment
IPO Details
24 Jun 25
26 Jun 25
₹1,12,000
2000
₹56 to ₹59
NSE
₹28.39 Cr
01 Jul 25
Open Free Demat Account
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.
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
FAQs On Shri Hare-Krishna Sponge Iron IPO
How can I apply for Shri Hare-Krishna Sponge Iron IPO?
What is the minimum investment required for this IPO?
When will Shri Hare-Krishna Sponge Iron IPO be listed?
Who is the lead manager for this IPO?
Invest Anytime, Anywhere
By signing up I certify terms, conditions & privacy policy