Shri Hare-Krishna Sponge Iron IPO subscribed overall 6.84 times on the last day, while the retail quota subscribed 3.10 times, QIB subscribed 10.97 times, and the NII quota subscribed 10.09 times, respectively.
Shri Hare-Krishna Sponge Iron IPO Details
Shri Hare-Krishna Sponge Iron got approval from SEBI for the IPO of ₹29.91 crores, which is an entirely fresh issue of ₹29.91 Crores with a face value of ₹10 each share. It was subscribed beyond expectations. It has a set price band of ₹56 to ₹59 Per Share.
Shri Hare-Krishna Sponge Iron Funds Utilisations
Funding of Capital Expenditure requirements of the company towards the setup of a Captive Power Plant at Siltara – Raipur. Lastly, the remaining funds will be utilized for the company’s General Corporate Purposes.
Shri Hare-Krishna Sponge Iron Shares Distributions
Moreover, the retail category had 2000 shares in a 1 lot size with a minimum application and a maximum.
S-HNI got 4000 shares in 2 lot sizes.
To participate in this IPO, each investor group has a tailored investment range
- Retail Minimum Application:- ₹1,18,000
- Retail Maximum Application:-₹1,18,000
- S-Hni Application:- ₹2,36,000
Shri Hare-Krishna Sponge Iron Subscription Duration
Started on June 24, 2025, and closed on June 26, 2025. The allotment was on June 27, 2025, and non-allottees got a refund on June 30, 2025. Shri Hare-Krishna Sponge Iron IPO listing is today, July 1, 2025.
About Shri Hare-Krishna Sponge Iron IPO
Incorporated in 2003, Shri Hare-Krishna Sponge Iron Limited is one of the leading companies focusing on the manufacturing and selling of Sponge Iron. The company is mostly involved in making steel in electric arc and induction furnaces. The manufacturing plant is in Siltara, Raipur (Chhattisgarh), spread over about 13.45 acres, with a yearly production capacity of 30,000 metric tonnes. Having the sponge iron plant in a good location gives them easy access to essential raw materials like high-quality iron ore, pellets, coal, and dolomite needed for making sponge iron. The competitive strengths of the company are an in-house manufacturing facility, a Long-standing relationship with our customers, and a Well-qualified and Experienced Management Team. Maharashtra, Madhya Pradesh, and Chhattisgarh are some of the states where the company sells its products. The company includes 92 full-time employees as of April 30, 2025.
Shri Hare-Krishna Sponge Iron IPO Financial Background
The company reported revenue of ₹83.60 crores in 2025 against ₹84.93 crores in 2024. The company reported a profit of ₹9.20 crores in 2025 against a profit of ₹10.17 crores in 2024.
