The book building for the Shri Hare-Krishna Sponge Iron IPO is ₹29.91 crores. This is a brand-new 50.70 lakh share offering.
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The subscription period for the Shri Hare-Krishna Sponge Iron IPO begins on June 24, 2025, and ends on June 26 of the same year. On Friday, June 27, 2025, the allocation for the Shri Hare-Krishna Sponge Iron IPO is anticipated to be finalized. The proposed listing date for the Shri Hare-Krishna Sponge Iron IPO is set on Tuesday, July 1, 2025, on the NSE SME.
The pricing range for the Shri Hare-Krishna Sponge Iron IPO is ₹56 to ₹59 per share. An application must have a minimum lot size of 2000. Retail investors must invest a minimum of ₹1,12,000 in order to qualify. However, in order to prevent the oversubscription situation, which is approximately ₹1,18,000, it is advised that investors bid at the cutoff price. HNI requires a minimum lot size investment of two lots (4,000 shares), or ₹2,36,000 in total. Kfin Technologies Limited is the issue's registrar, while Hem Securities Limited is the book-running lead manager for the Shri Hare-Krishna Sponge Iron IPO. Hem Finlease Private Limited is the market maker for the Shri Hare-Krishna Sponge Iron IPO.
Shri Hare-Krishna Sponge Iron IPO Details
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹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 (aggregating up to ₹1.52 Cr) Hem Finlease Private Limited |
| 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 Timeline (Tentative Schedule)
| 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 June 26, 2025 |
Shri Hare-Krishna Sponge Iron IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,18,000 |
| Retail (Max) | 1 | 2000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
Shri Hare-Krishna Sponge Iron IPO Promoter Holding
The promoters of the company are Anita Tradelinks Private Limited, Buxom Trexim Private Limited, Shyam Sunder Parasrampuria, Manoj Parasrampuria and Manish Parasrampuria.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.58% |
Shri Hare-Krishna Sponge Iron Limited Financial Information (Restated)
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 |
| Revenue | 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 |
About Shri Hare-Krishna Sponge Iron Limited
Sponge iron is made and sold by Shri Hare-Krishna Sponge Iron Limited, which was incorporated in May 2003. The 13.45-acre manufacturing facility, which has a 30,000 metric-ton capacity annually, is located in Siltara-Raipur, Chhattisgarh. ISO 9001:2015 for quality, ISO 14001:2015 for the environment, and ISO 45001:2018 for occupational safety management are all held by the production facility. Madhya Pradesh, Chhattisgarh, and Maharashtra are where the company offers its goods. Goods: Sponge Iron: In both electric arc and induction furnaces, sponge iron is a crucial raw material needed to make steel. There were 92 full-time employees at the company as of April 30, 2025. Strengths of the competition: internal production plant. Standardized product quality is guaranteed via strict quality control procedures. enduring connection with our clients. a skilled and knowledgeable management team.
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