Shri Hare-Krishna Sponge Iron Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,402,000 (47%) | — | ₹1,417 Cr |
| NII (HNI) | — | 724,000 (14%) | — | ₹427 Cr |
| Retail | — | 1,686,000 (33%) | — | ₹995 Cr |
| Market Maker | — | 258,000 (5%) | — | ₹15 Cr |
| Σ Total | — | 5,070,000 (100%) | — | ₹29,913 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹118,000 |
| Retail (Max) | 13 | 26,000 | ₹1,534,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,652,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,906,000 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 84 | 85 | 95 |
| EBITDA | 11 | 12 | 14 |
| Profit After Tax | 9 | 10 | 11 |
| Net Worth | 74 | 64 | 54 |
| Total Assets | 93 | 76 | 59 |
| Reserves & Surplus | 59 | 50 | 40 |
| Total Borrowing | 11 | 7 | 1 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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:
- In-house manufacturing facility.
- Stringent quality control mechanisms ensure standardized product quality.
- Long-standing relationship with our customers.
- Well-qualified and Experienced Management Team.