Shri Hare-Krishna Sponge Iron Limited IPO

Shri Hare-Krishna Sponge Iron Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹56 - ₹59

Total Issue

₹29.91 Cr

Bid Dates

24 Jun - 26 Jun

Subscription

6.92x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Shri Hare-Krishna Sponge Iron Limited is engaged in manufacturing and selling sponge iron, a key raw material used in steel production via electric arc and induction furnaces. It serves steel producers in select geographies. The company's manufacturing facility is located in Siltara, Raipur (Chhattisgarh), spread across ~13.45 acres, with an annual production capacity of 30,000 metric tonnes.

Lot Info

Lot Information for Shri Hare-Krishna Sponge Iron IPO
Category Lots Shares Amount
Individual (Min) 1 2,000 ₹1,18,000
Individual (Max) 1 2,000 ₹1,18,000
S-HNI (Min) 2 4,000 ₹2,36,000
S-HNI (Max) 8 16,000 ₹9,44,000
B-HNI (Min) 9 18,000 ₹10,62,000
Market Maker
2,58,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹29.91 Cr
Fresh Issue
₹29.91 Cr (0.51 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹59
Est. Gain 0.00%

Shri Hare-Krishna Sponge Iron IPO Peer Comparison

(Rs. in crores)

Shri Hare-Krishna Sponge Iron IPO Peer Comparison Table
Particulars Shri Hare-Krishna Vraj Iron and Steel Chaman Metallics
Revenue from Ops (in Crs.) 80.47 475.03 172.18
PAT (In Crs.) 9.20 44.09 9.78
EPS - Basic 6.51 14.28 4.05
NAV per share 52.12 120.34 41.19
RONW 12.51% 11.11% 9.83%
EBITDA 13.40% 13.57% 8.82%
PAT Margin 11.43% 9.28% 5.68%
Price to earning (PE) 9.06 12.54 36.05
  • All the information pertains to FY 2024-25
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 09, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Shri Hare-Krishna Sponge Iron IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 80.47 82.27 94.25
Profit after Tax 9.20 10.17 10.53
Net Worth 73.59 64.39 54.22
Total Borrowing 11.39 7.24 0.75
Total Assets 93.16 75.74 58.58
NAV per share (in ₹) 52.11 45.60 38.40
EPS - Basic (in ₹) 6.51 7.21 7.45

KPIs

EBITDA

13.40%

PAT

11.43%

ROE

13.33%

ROCE

14.70%

PE Ratio

9.06

PB Ratio

1.13

Mkt Cap (in Crs.)

113.23

  • All Ratios are based on Mar 25
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Shareholding

Promoter

100.00%

Public

0.00%

Anita Tradelinks Pvt 37.71%
Buxom Trexim Pvt 14.13%
Manoj Parasrampuria 7.44%
Manish Parasrampuria 5.50%
Other Promter 35.22%

Management

Manoj Parasrampuria Chairman & MD
Abhishek Parasrampuria CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Hem Securities Hem Securities

Subscription Status

Updated as on 26-Jun-2025 19:00:48 hrs

Category Sub (x) Offered Bids
QIB 10.97x 9,62,000 1,05,52,000
NII 10.09x 7,24,000 73,02,000
Retail 3.10x 16,86,000 52,22,000
Total 6.84x 33,72,000 2,30,76,000

Frequently Asked Questions

What is Shri Hare-Krishna Sponge Iron IPO?
Shri Hare-Krishna Sponge Iron IPO is a SME IPO having an issue size of ₹29.91 Crs. Shri Hare-Krishna Sponge Iron IPO is priced at ₹56 - ₹59 per share. The issue opens on 24 Jun 25 and closes on 26 Jun 25.
When will Shri Hare-Krishna Sponge Iron IPO open?
Shri Hare-Krishna Sponge Iron IPO opens on 24 Jun 25 and closes on 26 Jun 25.
What is the GMP of Shri Hare-Krishna Sponge Iron IPO?
The estimated Grey Market Premium of Shri Hare-Krishna Sponge Iron IPO is ₹0 per share (0.00%).
What is the lot size of Shri Hare-Krishna Sponge Iron IPO?
The minimum lot size of Shri Hare-Krishna Sponge Iron IPO is 2000 shares & the minimum application amount is Rs. 118000.
When is the allotment of Shri Hare-Krishna Sponge Iron IPO?
The allotment date of Shri Hare-Krishna Sponge Iron IPO is 27 Jun 25.
What is the listing date of Shri Hare-Krishna Sponge Iron IPO?
The listing date of Shri Hare-Krishna Sponge Iron IPO is 01 Jul 25.
What is the subscription of Shri Hare-Krishna Sponge Iron IPO?
Shri Hare-Krishna Sponge Iron IPO is subscribed 6.92 times.
What is the price band of Shri Hare-Krishna Sponge Iron IPO?
Shri Hare-Krishna Sponge Iron IPO is priced at ₹56 - ₹59 per share.
How to check allotment status of Shri Hare-Krishna Sponge Iron IPO?
Click the allotment link on Shri Hare-Krishna Sponge Iron IPO page of IPO360.
How to apply Shri Hare-Krishna Sponge Iron IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Shri Hare-Krishna Sponge Iron IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Shri Hare-Krishna Sponge Iron IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Shri Hare-Krishna Sponge Iron IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date