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Shri Hare-Krishna Sponge Iron Limited IPO

Shri Hare-Krishna Sponge Iron Limited IPO

IPO Date :
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Listed Price: ₹ 64.80 (+9.83%)

Shri Hare-Krishna Sponge Iron Limited's completed its IPO journey with a successful listing on NSE on 01-07-2025. The public offering mobilized 50,70,000 Shares in total capital, comprising 50,70,000 Shares in fresh equity.

The offering was conducted within the price band of ₹56 to ₹59, with minimum application lots of 2000 shares. Investor participation during the 24-06-2025 to 26-06-2025 subscription window determined the final allocation pattern.

The basis of allotment was announced on 27-06-2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.

Shri Hare-Krishna IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shri Hare-Krishna IPO Key Performance Indicator
Company Financials ( In Crores )

Shri Hare-Krishna IPO About Company

Shri Hare-Krishna Sponge Iron Limited, established in May 2003, is engaged in the manufacturing and sale of sponge iron. Its production facility is located in Siltara, Raipur, Chhattisgarh, spread across 13.45 acres with an annual production capacity of 30,000 metric tonnes. The plant is certified with ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety standards. The company primarily supplies its products to customers in Maharashtra, Madhya Pradesh, and Chhattisgarh. Sponge iron, the company's main product, is an essential raw material used in steel production through induction and electric arc furnaces. As of April 30, 2025, the company employed 92 full-time staff members.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Shri Hare-Krishna IPO Strength Factors

  1. Own Production Facility: Enables complete oversight of quality and better cost management.
  2. Strict Quality Control: Ensures consistent product standards through thorough testing.
  3. Strong Client Bonds: Built long-lasting trust and loyalty with customers over time.

Shri Hare-Krishna IPO Risk Factors

  1. Energy Cost Dependency: Fluctuating power and fuel prices can impact operations and cause revenue disruptions.
  2. High Customer Dependence: Relying on a few key clients without long-term contracts poses business risk.
  3. Regulatory Concern: Past SEBI penalties may affect the company’s image and trustworthiness.

Shri Hare-Krishna IPO Lead Manager(s)

  • Hem Securities Limited

Shri Hare-Krishna IPO Promoter(s)

  1. Anita Tradelinks Private Limited
  2. Buxom Trexim Private Limited
  3. Shyam Sunder Parasrampuria
  4. Manoj Parasrampuria
  5. Manish Parasrampuria

Shri Hare-Krishna IPO Company Details

Shri Hare-Krishna Sponge Iron Limited
Phone:
address:

Shri Hare-Krishna IPO Registrar

Kfin Technologies Limited
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Phone:

Shri Hare-Krishna IPO FAQs