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The Shri Hare-Krishna Sponge Iron IPO will open for subscription on June 24, 2025, and will close on June 26, 2025. This IPO is a Book Build Issue, with the company aiming to raise around ₹29.91 crores through a fresh issue of shares worth the same amount. Details for the offer for sale (OFS) portion are yet to be disclosed. Each equity share has a face value of ₹10.
The price band for the IPO has been set at ₹56 to ₹59 per share. The retail investor quota is 35%, Qualified Institutional Buyers (QIB) are allocated 50%, and High Net-worth Individuals (HNI) have a 15% reservation. The shares are expected to be listed on the NSE on July 1, 2025, and the IPO allotment date is set for June 27, 2025.
Financial Performance:
- Revenue (FY 2025): ₹83.60 crores
- Revenue (FY 2024): ₹84.93 crores
- Net Profit (FY 2025): ₹9.20 crores
- Net Profit (FY 2024): ₹10.17 crores
Although the company has seen a slight dip in revenue and profit compared to the previous year, its consistent performance suggests that the IPO may be a good opportunity for long-term investors.
Shri Hare-Krishna Sponge Iron IPO Details
- IPO Open Date: June 24, 2025
- IPO Close Date: June 26, 2025
- Face Value: ₹10 per equity share
- IPO Price Band: ₹56 to ₹59 per share
- Issue Size: Approximately ₹29.91 crores
- Fresh Issue: Approximately ₹29.91 crores
- Issue Type: Book Build Issue
- IPO Listing: NSE SME platform
- Retail Quota: Not more than 35%
- QIB Quota: Not more than 50%
- NII Quota: Not more than 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
Shri Hare-Krishna Sponge Iron IPO Market Lot
The minimum market lot for the Shri Hare-Krishna Sponge Iron IPO is 2,000 shares, requiring an application amount of ₹1,18,000.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,18,000 |
| Retail Maximum | 1 | 2,000 | ₹1,18,000 |
| S-HNI Minimum | 2 | 4,000 | ₹- |
Shri Hare-Krishna Sponge Iron IPO Dates
- IPO Open Date: June 24, 2025
- IPO Close Date: June 26, 2025
- Basis of Allotment: June 27, 2025
- Refunds Initiation: June 30, 2025
- Credit to Demat Account: June 30, 2025
- IPO Listing Date: July 1, 2025
Promoters of Shri Hare-Krishna Sponge Iron IPO
The promoters of the company are:
- Anita Tradelinks Private Limited
- Buxom Trexim Private Limited
- Shyam Sunder Parasrampuria
- Manoj Parasrampuria
- Manish Parasrampuria
About Shri Hare-Krishna Sponge Iron Limited
Founded in 2003, Shri Hare-Krishna Sponge Iron Limited is engaged in the manufacturing and sale of Sponge Iron, mainly used in steel production in electric arc and induction furnaces.
- Manufacturing Facility: Located in Siltara, Raipur (Chhattisgarh)
- Land Area: ~13.45 acres
- Annual Production Capacity: 30,000 metric tonnes
- Raw Material Access: Close proximity to iron ore, pellets, coal, and dolomite
- Market Presence: Maharashtra, Madhya Pradesh, and Chhattisgarh
- Employee Strength: 92 full-time employees (as of April 30, 2025)
Shri Hare-Krishna Sponge Iron Financial Report (₹ in Crores)
| Financial Year | Revenue | Expense | Profit After Tax | Total Assets |
|---|---|---|---|---|
| FY 2023 | ₹95.25 | ₹80.99 | ₹10.53 | ₹58.58 |
| FY 2024 | ₹84.93 | ₹71.24 | ₹10.17 | ₹75.74 |
| FY 2025 | ₹83.60 | ₹71.23 | ₹9.20 | ₹93.16 |
Shri Hare-Krishna Sponge Iron IPO Valuation – FY 2025
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 13.33% |
| Return on Capital Employed (ROCE) | 14.70% |
| EBITDA Margin | 13.40% |
| PAT Margin | 11.43% |
| Debt to Equity Ratio | 0.15 |
| Earnings Per Share (EPS) | ₹6.51 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 12.51% |
| Net Asset Value (NAV) | ₹52.11 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Vraj Iron and Steel Ltd. | 14.28 | 12.54 | 11.11% | ₹120.34 | ₹478.86 Cr |
| Chaman Metallics Ltd. | 4.05 | 36.05 | 9.83% | ₹41.19 | ₹174.18 Cr |
Objects of the Issue
- Funding capital expenditure for setting up a Captive Power Plant at Siltara – Raipur
- General corporate purposes
Shri Hare-Krishna Sponge Iron IPO – FAQs
What is Shri Hare-Krishna Sponge Iron IPO?
Shri Hare-Krishna Sponge Iron IPO is a SME public offering, through which the company plans to raise ₹29.91 crores. The price band for the IPO is set between ₹56 and ₹59 per equity share, and the shares will be listed on the NSE SME platform.
When will the Shri Hare-Krishna Sponge Iron IPO open for subscription?
The IPO will open for subscription on June 24, 2025, and will close on June 26, 2025. It will be available for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
What is the allocation structure for investors in the Shri Hare-Krishna Sponge Iron IPO?
The investor allocation is divided as follows:
- QIB (Qualified Institutional Buyers): 50%
- NII (High Net-Worth Individuals): 15%
- Retail Investors: 35%
How to Apply for Shri Hare-Krishna Sponge Iron IPO?
You can apply for the Shri Hare-Krishna Sponge Iron IPO through the following methods:
- Online via ASBA through your bank’s net banking portal
- Online via UPI through your stockbroker’s platform
- Offline application by submitting a filled physical form through your stockbroker
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