Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Tue, Jun 24, 2025 - Thu, Jun 26, 2025
Shri Hare-Krishna Sponge Iron IPO is a book build issue of ₹29.91 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹29.91 crore.
Shri Hare-Krishna Sponge Iron IPO bidding started from Jun 24, 2025 and ended on Jun 26, 2025. The allotment for Shri Hare-Krishna Sponge Iron IPO was finalized on Jun 27, 2025. The shares got listed on NSE SME on Jul 1, 2025.
Shri Hare-Krishna Sponge Iron IPO price band is set at ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,36,000.
Hem Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Shri Hare-Krishna Sponge Iron IPO RHP for detailed Information.
IPO Open
Tue, Jun 24, 2025
IPO Close
Thu, Jun 26, 2025
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹113.23 Cr
| IPO Date | 24 to 26 Jun, 2025 |
| Listed on | Tue, Jul 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 50,70,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 2,58,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 48,12,000 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 48,12,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 1,41,21,050 shares |
| Share Holding Post Issue | 1,91,91,050 shares |
| NSE Symbol | SHKSIL |
| ISIN | INE0NON01025 |
Shri Hare-Krishna Sponge Iron IPO comprises a total issue size of 50,70,000 shares. The net offer to the public is 48,12,000 shares, after excluding 2,58,000 shares allotted on a firm basis. Of the Net offer 24,02,000 (49.92%) are allocated to QIB, 7,24,000 (15.05%) allocated to NII 16,86,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,02,000 | 49.92% | 47.38% |
| − Anchor Investor Shares Offered | 14,40,000 | 28.40% | |
| − QIB (Ex. Anchor) Shares Offered | 9,62,000 | 18.97% | |
| NII (HNI) Shares Offered | 7,24,000 | 15.05% | 14.28% |
| Retail Shares Offered | 16,86,000 | 35.04% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,58,000 | 5.09% | |
| Total Shares Offered | 50,70,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 IPO raises ₹8.50 crore from anchor investors. Shri Hare-Krishna Sponge Iron IPO Anchor bid date is June 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 23, 2025 |
| Shares Offered | 14,40,000 |
| Anchor Portion (₹ Cr.) | 8.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 24, 2025 |
Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited manufactures and sells Sponge Iron.
The manufacturing unit is in Siltara - Raipur, Chhattisgarh, covering 13.45 acres with an annual capacity of 30,000 metric tonnes.
The manufacturing unit holds ISO ISO 9001:2015 for quality, ISO 14001:2015 for environment, and ISO 45001:2018 for occupational safety management.
The company sells its products in Maharashtra, Madhya Pradesh, and Chhattisgarh.
Products:
Sponge Iron: Sponge Iron is the key raw material required to manufacture steel in both induction and electric arc furnaces.
As of April 30, 2025, the company had 92 full-time employees.
Competitive Strengths:
Shri Hare-Krishna Sponge Iron Ltd.'s revenue decreased by 2% and profit after tax (PAT) dropped by 10% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 93.16 | 75.74 | 58.58 |
| Total Income | 83.60 | 84.93 | 95.25 |
| Profit After Tax | 9.20 | 10.17 | 10.53 |
| EBITDA | 10.78 | 12.11 | 13.97 |
| NET Worth | 73.59 | 64.39 | 54.22 |
| Reserves and Surplus | 59.47 | 50.27 | 40.10 |
| Total Borrowing | 11.39 | 7.24 | 0.75 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital Expenditure requirements of the company towards setup of Captive Power Plant at Siltara – Raipur | 23.00 |
| 2 | General Corporate Purpose | 3.27 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 13.33% |
| ROCE | 14.70% |
| Debt/Equity | 0.15 |
| RoNW | 12.51% |
| PAT Margin | 11.43% |
| EBITDA Margin | 13.40% |
| Price to Book Value | 1.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.51 | 4.79 |
| P/E (x) | 9.06 | 12.31 |
| Promoter Holding | 100% | 73.58% |
| Market Cap | ₹113.23 Cr. |
The Shri Hare-Krishna Sponge Iron IPO is subscribed 6.84 times on June 26, 2025 6:19:59 PM (Day 3). The public issue subscribed 3.10 times in the retail category, 10.97 times in the QIB category, and 10.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 10.97 | 9,62,000 | 1,05,52,000 | 10 |
| NII* | 10.09 | 7,24,000 | 73,02,000 | 240 |
| Retail | 3.10 | 16,86,000 | 52,22,000 | 2,611 |
| Total | 6.84 | 33,72,000 | 2,30,76,000 | 2,861 |
Total Application : 2,861
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.59 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.26 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.06 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.22 |
| 7 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | 2.48 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹64.80 |
| Low | ₹61.60 |
| High | ₹65.75 |
| Last Trade | ₹64.55 |
Lead Manager Reports
Shri Hare-Krishna Sponge Iron IPO is a SME IPO of 50,70,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Jun 24, 2025, and closes on Thu, Jun 26, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shri Hare-Krishna Sponge Iron IPO using UPI as a payment gateway. Zerodha customers can apply in Shri Hare-Krishna Sponge Iron IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shri Hare-Krishna Sponge Iron IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shri Hare-Krishna Sponge Iron IPO opens on Tue, Jun 24, 2025 and closes on Thu, Jun 26, 2025.
Shri Hare-Krishna Sponge Iron IPO lot size is 2000, and the minimum amount required for application is ₹1,18,000.
You can apply in Shri Hare-Krishna Sponge Iron IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shri Hare-Krishna Sponge Iron IPO will be done on Friday, June 27, 2025, and the allotted shares will be credited to your demat account by Mon, Jun 30, 2025. Check the Shri Hare-Krishna Sponge Iron IPO allotment status.
The Shri Hare-Krishna Sponge Iron IPO listing date is on Tue, Jul 1, 2025.
