The Shri Hare-Krishna Sponge Iron IPO minimum market lot is 2000 shares with ₹1,18,000 application amount. The Shri Hare-Krishna Sponge Iron IPO is a SME IPO, and it is to be listed on NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Caution (Avoid). Investors should also look at the QIB, NII, and Retail numbers before investing.
Shri Hare-Krishna Sponge Iron IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 1.76 | 1.76 | 10.97 |
| NII | 0.17 | 1.60 | 10.09 |
| RII | 0.25 | 0.56 | 3.10 |
| Total | 0.67 | 1.13 | 3.10 |
Shri Hare-Krishna Sponge Iron IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Shri Hare-Krishna Sponge Iron IPO Review and Rating
- Avoid
- 1
Shri Hare-Krishna Sponge Iron IPO Form
How to apply for the Shri Hare-Krishna Sponge Iron IPO? You can apply for Shri Hare-Krishna Sponge Iron IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shri Hare-Krishna Sponge Iron IPO in the Invest section. The other option is you can apply for Shri Hare-Krishna Sponge Iron IPO via IPO forms downloaded online. Check out the Shri Hare-Krishna Sponge Iron forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
