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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 ₹59.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,12,000 (2000 shares). The minimum lot size investment for 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 Date | June 24, 2025 to June 26, 2025 |
| Listing Date | July 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹59 per share |
| Issue Price Final | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,70,000 shares (aggregating up to ₹29.91 Cr) |
| Reserved for Market Maker | 2,58,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.52 Cr) |
| Net Offered to Public | 48,12,000 shares (aggregating up to ₹28.39 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,41,21,050 shares |
| Share Holding Post Issue | 1,91,91,050 shares |
Shri Hare-Krishna Sponge Iron IPO offers total 50,70,000 shares. Out of which 24,02,000 (47.38%) allocated to QIB, 9,62,000 (18.97%) allocated to QIB (Ex- Anchor), 7,24,000 (14.28%) allocated to NII, 16,86,000 (33.25%) allocated to RII and 14,40,000 (28.40%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,58,000 (5.09%) |
| QIB Shares Offered | 24,02,000 (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 (14.28%) |
| Retail Shares Offered | 16,86,000 (33.25%) |
| Total Shares Offered | 50,70,000 (100.00%) |
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. Shri Hare-Krishna Sponge Iron IPO Anchor Investors list
| Bid Date | June 23, 2025 |
| Shares Offered | 14,40,000 |
| Anchor Portion Size (In Cr.) | 8.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 24, 2025 |
Shri Hare-Krishna Sponge Iron IPO opens on June 24, 2025, and closes on June 26, 2025.
| IPO Open Date | Tue, Jun 24, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 26, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Limited'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 market capitalization of Shri Hare-Krishna Sponge Iron IPO is ₹113.23 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 6.51 | 4.79 |
| P/E (x) | 9.06 | 12.31 |
The Company Shri Hare-Krishna Sponge Iron IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] SHKSIL is primarily in the business of manufacturing and marketing of sponge iron. It posted de-growth in its top and bottom lines for the reported periods. It suffered heavily due to power shortage and higher power cost. It is in the process of setting up its own captive power units. However, considering fully priced offer with declining top and bottom lines, investors may skip it for now. Read detail review...
| Listing Date | July 1, 2025 |
| BSE Script Code | |
| NSE Symbol | SHKSIL |
| ISIN | INE0NON01025 |
| Final Issue Price | ₹59 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹64.80 |
| Low | ₹61.60 |
| High | ₹65.75 |
| Last Trade | ₹64.55 |
Shri Hare-Krishna Sponge Iron Ltd.
Flat No 2-D, 2nd Floor, Tower No. 1, Alcove Gloria
Municipal Premises No. 403/1, Dakshindari Road,
VIP Road,Sreebhumi, Kolkata
North 24 Parganas district, West Bengal, 700048
Phone: +91-9589116050
Email: cs@shkraipur.com
Website: https://shkraipur.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: shrihare.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹29.91 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on June 24, 2025, and closes on June 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 June 24, 2025 and closes on June 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 Monday, June 30, 2025. Check the Shri Hare-Krishna Sponge Iron IPO allotment status.
The Shri Hare-Krishna Sponge Iron IPO listing date is on Tuesday, July 1, 2025.
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