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Shri Hare-Krishna Sponge Iron Ltd IPO

Our Company is primarily engaged in the business of manufacturing and selling of Sponge Iron. Sponge Iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through our sponge iron business, we cater to the metallic requirements of steel producers in selected geographies. Our manufacturing facility is located in Siltara - Raipur, Chhattisgarh and is spread across an area of around 13.45 acres of land with an annual production capacity of 30,000 metric tonnes.

Shri Hare-Krishna Sponge Iron Ltd IPO Details

Total Shares Offered

₹ 50,70,000

Offer to Public

TBA

Retail Max (Shares)

₹ 16,86,000

Pre Issue Promoters Holding

₹ 1,41,21,050

Exchange

NSE

Issue size

₹ 29.91 Cr

IPO Open Date

Jun 24, 2025

Close Date

Jun 26, 2025

Lot Size

2000

Min Investment

₹ 1,12,000

Issue Type

Book Building - SME

Listing Date

Jul 1, 2025

Shri Hare-Krishna Sponge Iron Ltd IPO Dates

Jun 24, 2025

Opening date

Jun 26, 2025

Closing date

Jun 27, 2025

Basis of Allotment

Jun 30, 2025

Initiation of Refunds

Jun 30, 2025

Credit of Shares

Jul 1, 2025

Listing date

Details

Sector	Type
Sector	Steel - Sponge Iron
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	4.39x	2402000	10552000
NII	10.44x	724000	7560000
Retail	3.1x	1686000	5222000
Employee	0x	0	0
Total	4.6x	5070000	23334000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

4.39x

10.44x

3.1x

4.6x

2402000

724000

1686000

5070000

10552000

7560000

5222000

23334000

Shri Hare-Krishna Sponge Iron Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	13.79	14.68	14.86
EBITDA	15.21	15.67	15.47
PAT	9.20	10.17	10.53
Total Assets	58.16	59.07	40.24
Share Capital	14.12	14.12	14.12
Total Borrowings	20.85	15.84	4.32
Operating Activities (Net Cash)	10.62	11.16	11.14
Investing Activities (Net Cash)	-9.59	1.14	1.99
Financing Activities (Net Cash)	20.85	15.84	4.32
Net Cashflow	38.86	39.00	27.33

About Shri Hare-Krishna Sponge Iron Ltd

Our Company was originally incorporated as private limited company under the name of Shri Hare-Krishna Sponge Iron Private Limited on May 02, 2003 under the provisions of Companies Act, 1956 with the Registrar of Companies, West Bengal, bearing CIN No. U27109WB2003PTC096152. Further, the name of our company was changed from Shri Hare-Krishna Sponge Iron Private Limited to Shri Hare-Krishna Sponge Iron Limited pursuant to a fresh certificate of incorporation issued by the Registrar of Companies, West Bengal on June 20, 2007 bearing CIN U27109WB2003PLC096152.

India's iron ore production is estimated to stand at 257.85 MT in FY23, while it stood at 253.97 MT in FY22 - a sharp increase of 23% compared with 205.04 MT in FY21. In 2022-23, exports of iron ore stood at US$ 1.75 billion as compared to US$ 3.18 billion in 2021- 22. In FY24 (until January 2024), the production of crude steel and finished steel stood at 118 MT and 114 MT respectively. In FY23, India produced about 193.16 MT of crude steel, while finished steel production stood at 89.55 MT. In April 2024, crude steel production in India stood at 11.9 MT. In April 2024, finished steel production stood at 11.2 MT. Steel Authority of India Limited (SAIL), achieved the best-ever annual production during the financial year 2022-23. The company recorded 18.289 million tonnes (MT) of crude steel production with a growth of 5.3% over the previous best. In FY24, SAIL's crude steel production stood at 19.23 MT and saleable steel production was 18.4 MT. Moreover, capacity increased to 142.2 million tonnes (MT) in FY20, and the figure is anticipated to rise to 300 MT by 2030-31.

Peer Comparison:

Shri Hare-Krishna Sponge Iron Limited
Vraj Iron and Steel Limited
Chaman Metallics Limited

Shri Hare-Krishna Sponge Iron Ltd Key Points

Strengths

In-house manufacturing facility.

Stringent quality control mechanism ensuring standardized product quality.

Long standing relationship with our customers.

Well qualified and Experienced Management Team.

Risk

The viability of its business operations for the Steel Division is dependent on cost of power and fuel, any volatility in energy prices may result into financial stress on the viability of the Steel operations which may lead to temporary shutdown of the plant, which had an affect its revenue and financial strength in the past and could effect the future too.

Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.

In the past, the Company contravened certain provisions of the SEBI Act and Regulations, for which SEBI imposed a penalty amounting to Rs. 2,40,000/- on the Company. This penalty was imposed under Section 15HA of the SEBI Act, 1992, for alleged violations in relation to trading activities in the Stock Options Segment of the Bombay Stock Exchange (BSE) during the period from April 1, 2014, to September 30, 2015.

Strategy

Continue to invest in our technological capabilities.

Enhancing Brand image and meeting quality standards.

Continue to strive for cost efficiency.

Focus on consistently meeting quality standards.

Maintaining cordial relationships with our Suppliers, Customers and Employees.

How To Apply for Shri Hare-Krishna Sponge Iron Ltd IPO Online?

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FAQs on IPO (Initial Public Offering)

What is the issue size of the Shri Hare-Krishna Sponge Iron Ltd IPO?

Shri Hare-Krishna Sponge Iron Ltd's IPO offers shares for up to 29.91 It begins on Jun 24, 2025 and ends on Jun 26, 2025.

What is the price of the Shri Hare-Krishna Sponge Iron Ltd IPO?

The price of Shri Hare-Krishna Sponge Iron Ltd IPO ranges between ₹56 to ₹59 per share.

What are the open and close dates for the Shri Hare-Krishna Sponge Iron Ltd IPO?

The Shri Hare-Krishna Sponge Iron Ltd IPO opens on Jun 24, 2025 and closes on Jun 26, 2025.

When will the Shri Hare-Krishna Sponge Iron Ltd IPO be allotted?

The allotment for the Shri Hare-Krishna Sponge Iron Ltd IPO will be finalised on Jun 27, 2025. The shares will be listed on BSE and NSE on Jul 1, 2025.

What is the minimum lot size required for Shri Hare-Krishna Sponge Iron Ltd IPO?

The minimum lot size for Shri Hare-Krishna Sponge Iron Ltd IPO is 2000 shares, priced between ₹56 to ₹59 per share.

What is the GMP of Shri Hare-Krishna Sponge Iron Ltd IPO?

The GMP (Grey Market Premium) of Shri Hare-Krishna Sponge Iron Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Shri Hare-Krishna Sponge Iron Ltd IPO?

To check the allotment status of Shri Hare-Krishna Sponge Iron Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Shri Hare-Krishna Sponge Iron Ltd IPO getting listed?

The Shri Hare-Krishna Sponge Iron Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 24, 2025, and closes on Jun 26, 2025. The allotment is finalised on Jun 27, 2025.

How do you apply for the Shri Hare-Krishna Sponge Iron Ltd IPO?

To apply for the Shri Hare-Krishna Sponge Iron Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.