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Shri Hare-Krishna Sponge Iron IPO
4.62xsubscribed

Shri Hare-Krishna Sponge Iron IPO

Metal - Ferrous
listed
₹1.12LMin. investment

Shri Hare-Krishna Sponge Iron Limited IPO Details

SectorMetal - Ferrous
Price range₹56.00 – ₹59.00
IPO type
SME
Lot size2000 shares
Issue size₹29Cr
Red Herring Prospectus
Read
Market cap
₹113.23CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹80.47CrHigher than sector avg
Growth rate3Y CAGR
-7.60%

Shri Hare-Krishna Sponge Iron IPO Subscription Status

Date
QIB
NII
Retail
Total
24-Jun-25
1.76 times (X)
0.0 times (X)
0.25 times (X)
0.63 times (X)
25-Jun-25
1.76X
0.0X
0.56X
0.78X
26-Jun-25
10.97X
0.0X
2.97X
4.62X

As on 24-Jun-25, 5:30 PM

Shri Hare-Krishna Sponge Iron IPO Timeline

  1. Pre-apply
    23 Jun 2025
  2. Bid start
    24 Jun 2025
  3. Bid end
    26 Jun 2025
  4. Allotment
    27 Jun 2025
  5. Release of funds
    30 Jun 2025
  6. Demat transfer
    30 Jun 2025
  7. Listing
    1 Jul 2025

About Shri Hare-Krishna Sponge Iron Limited

Incorporated in 2003, Shri Hare-Krishna Sponge Iron manufactures sponge iron for steel production in electric arc and induction furnaces. The company achieved 85% capacity utilisation in FY25, producing 25,627 MT against 30,000 MT annual capacity. Revenue composition includes sponge iron at 95.67%, iron ore fines at 2.86%, and dolochar at 1.02%. The company operates from Raipur with strategic proximity to raw material sources, reducing logistics costs. It serves Maharashtra, Madhya Pradesh, and Chhattisgarh markets through steel chamber brokers with 92 employees.

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Objectives of Shri Hare Krishna Sponge Iron Limited IPO

Capital expenditure requirements
81.00%
The company will use ₹23 crore to set up a captive power plant in Raipur.
General corporate purposes
18.90%
Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹80.47Cr-7.60%₹9.19Cr₹113.23Cr9.060.15
This sector (avg.)₹51.15Cr---₹1.42Cr₹88.06Cr41.050.25
₹32.53Cr---₹1.86Cr₹100.94Cr46.330.37
₹178.42Cr---₹4.12Cr₹94.46Cr25.090
₹175.44Cr---₹7.59Cr₹87.4Cr19.240.59

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Shri Hare-Krishna Sponge Iron IPO Contact Details

Company NameShri Hare-Krishna Sponge Iron Limited

How to apply for Shri Hare-Krishna Sponge Iron IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Shri Hare Krishna Sponge Iron Limited IPO FAQs