Shri Hare-Krishna Sponge Iron IPO subscription started on Tuesday, June 24, 2025, and will close on June 26, 2025, as per the schedule. The price band is set at ₹56 to ₹59 per share with a face value of ₹10 each.
Shri Hare-Krishna Sponge Iron IPO Subscription Status
Shri Hare-Krishna Sponge Iron IPO subscribed over 0.67x on its First day till 05.00 PM on 24th June 2025.
- Shri Hare-Krishna Sponge Iron IPO subscription QIB investors portion is 1.76x times, while NII subscribed 0.17x times and RII investors subscribed 0.25x times.
- The company has received bids for 22,50,000 shares against 33,72,000 shares on offer on the First day.
- Shri Hare-Krishna Sponge Iron IPO subscribed over 0.67x on day 1.
About Shri Hare-Krishna Sponge Iron IPO
Shri Hare-Krishna Sponge Iron Limited, founded in 2003, is a prominent company involved in the manufacturing and selling of Sponge Iron. The Sponge Iron is mainly utilized to make 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. 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. 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.
Shri Hare-Krishna Sponge Iron IPO Company Financial Report
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.
Shri Hare-Krishna Sponge Iron IPO GMP:
Shri Hare-Krishna Sponge Iron IPO GMP was ₹0 as of Tuesday, 24th June. That indicates the IPO is trading at ₹59 with a ₹0 premium in the grey market against the issue price of ₹59.
