Shri Hare-Krishna Sponge Iron Limited is engaged in the manufacturing and sale of Sponge Iron, a crucial raw material for the steel industry, especially used in Induction Furnaces (IF) and Electric Arc Furnaces (EAF).
🔧 Manufacturing Facility
The company operates a manufacturing unit located at Siltara Industrial Area, Raipur, Chhattisgarh, spread over 13.45 acres. The plant has an installed capacity of 30,000 metric tonnes per annum (TPA).
🛡️ Certifications
The facility is certified with:
• ISO 9001:2015 – Quality Management
• ISO 14001:2015 – Environmental Management
• ISO 45001:2018 – Occupational Health and Safety Management
🌐 Market Presence
The company’s products are sold primarily in the states of Maharashtra, Madhya Pradesh, and Chhattisgarh.
👨🏭 Human Resources
As of April 30, 2025, the company employed 92 full-time employees.
📦 Product Focus
• Sponge Iron: Also known as Direct Reduced Iron (DRI), it’s essential for the production of steel and widely preferred due to its lower impurity content and better yield.
Shri Hare-Krishna Sponge Iron IPO – Details
| IPO Opening Date | 24 June 2025 |
| IPO Closing Date | 26 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 50,70,000 Shares Worth ₹29.91 Crore Fresh Issue: 50,70,000 Shares Worth ₹29.91 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 – ₹59 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Shri Hare-Krishna Sponge Iron IPO – Date Schedule
| IPO Open Date | 24 June 2025 |
| IPO Close Date | 26 June 2025 |
| Basis of Allotment | 27 June 2025 |
| Initiation of Refund | 30 June 2025 |
| Credit of Shares to Demat | 30 June 2025 |
| IPO Listing Date | 01 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Shri Hare-Krishna Sponge Iron IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,18,000 |
| Retail (Max) | 1 | 2000 | ₹1,18,000 |
| HNI (Min) | 2 | 4000 | ₹2,36,000 |
Competitive Strengths
- In-house manufacturing facility.
- Stringent quality control mechanisms ensure standardized product quality.
- Long-standing relationship with their customers.
- Well-qualified and Experienced Management Team.
Company Promoters
- Anita Tradelinks Private Limited
- Buxom Trexim Private Limited
- Shyam Sunder Parasrampuria
- Manoj Parasrampuria
- Manish Parasrampuria
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | 95.25 | 80.99 | 10.53 | 0.75 |
| 31 March 2024 | 84.93 | 71.24 | 10.17 | 7.24 |
| 31 March 2025 | 83.60 | 71.23 | 9.20 | 11.39 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.33% |
| ROCE | 14.70% |
| RoNW | 12.51% |
| Debt/Equity | 0.15 |
| PAT Margin | 11.43% |
| EBITDA Margin | 13.40% |
| Net Asset Value per Share | ₹52.11 |
| EPS (Basic & Diluted) | ₹6.51 |
| Current Ratio | 4.96 |
| DSCR (Debt Service Coverage Ratio) | 116.52 |
| Inventory Turnover Ratio | 5.75 |
| Trade Receivables Turnover Ratio | Not Applicable |
| Trade Payables Turnover Ratio | Not Applicable |
| Net Capital Turnover Ratio | 1.77 |
| Net Fixed Asset Turnover Ratio | Not Available |
| Pre IPO | Post IPO | |
| EPS (₹) | 6.51 | 6.01 |
| P/E (x) | 7.68 | 8.32 |
Object Of The Issue
| S.No. | Objects of the Issue | Expected Amount (in Crore) |
|---|---|---|
| 1 | Funding of Capital Expenditure requirements of our company towards setup of Captive Power Plant at Siltara – Raipur | 23.00 |
| 2 | General Corporate Purpose | To be finalized |
Shri Hare-Krishna Sponge Iron IPO Peer Comparison
| S. No. | Face Value | Company Name | P/E |
|---|---|---|---|
| 1 | 10 | Vraj Iron and Steel Limited | 12.54 |
| 2 | 10 | Chaman Metallics Limited | 36.05 |
Strengths
- Experienced promoters and management with deep industry knowledge in sponge iron and steel manufacturing.
- In-house integrated manufacturing unit in Siltara, Raipur with an installed capacity of 30,000 MTPA.
- Strategic location in Chhattisgarh with access to raw materials like iron ore, coal, and dolomite, reducing logistics and procurement costs.
- Certified with ISO 9001:2015 (quality), ISO 14001:2015 (environment), and ISO 45001:2018 (safety).
- Consistent financial performance with healthy EBITDA and PAT margins, along with improving ROE and ROCE.
- Planned investment in a captive power plant to reduce energy dependency and optimize operational costs.
Risks
- Revenue is highly concentrated in three states – Maharashtra, Madhya Pradesh, and Chhattisgarh.
- No long-term supply agreements for key raw materials; exposed to commodity price fluctuations and availability risks.
- The entire manufacturing facility is on leased land; any non-renewal could lead to major business disruptions.
- Operates in a highly competitive industry with pressure on pricing and margins from both organized and unorganized players.
- Working capital-intensive operations; delays in receivables or inventory turnover could impact cash flow.
- Dependent on third-party logistics; transport disruptions can affect timely delivery.
- History of regulatory penalty by SEBI related to illiquid stock options trading.
- Limited insurance coverage may not fully mitigate operational or accidental risks.
Shri Hare-Krishna Sponge Iron IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.58% |
Shri Hare-Krishna Sponge Iron IPO Prospectus
Company Contact Information
| Shri Hare-Krishna Sponge Iron Limited Flat No 2-D, 2nd Floor, Tower No. 1, Alcove Gloria Municipal Premises No. 403/1, Dakshindari Road, VIP Road,Sreebhumi, Kolkata North 24 Parganas district, West Bengal, 700048 Phone: +91-9589116050 Email: cs@shkraipur.com Website: https://shkraipur.com/ |
Shri Hare-Krishna Sponge Iron IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: shrihare.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Shri Hare-Krishna Sponge Iron IPO Lead Manager(s)
| 1. Hem Securities Limited |
Shri Hare-Krishna Sponge Iron IPO FAQ
| What isShri Hare-Krishna Sponge Iron IPO? Shri Hare-Krishna Sponge Iron IPO is a SME IPO. The issue is priced at ₹56 to ₹59 per equity share. The IPO is to be listed on NSE SME. |
| When Shri Hare-Krishna Sponge Iron IPO will open? The IPO is to open on 24 June 2025 for QIB, NII, and Retail Investors. |
| What is Shri Hare-Krishna Sponge Iron IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Shri Hare-Krishna Sponge Iron IPO? You can apply Shri Hare-Krishna Sponge Iron IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Shri Hare-Krishna Sponge Iron IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Shri Hare-Krishna Sponge Iron IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Shri Hare-Krishna Sponge Iron IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Shri Hare-Krishna Sponge Iron IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Shri Hare-Krishna Sponge Iron IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shri Hare-Krishna Sponge Iron IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Shri Hare-Krishna Sponge Iron IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Shri Hare-Krishna Sponge Iron IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Shri Hare-Krishna Sponge Iron IPO Size? Shri Hare-Krishna Sponge Iron IPO size is ₹29.91 Crore. |
| What is the Shri Hare-Krishna Sponge Iron IPO Price Band? Shri Hare-Krishna Sponge Iron IPO Price Band is ₹56 to ₹59. |
| What is Shri Hare-Krishna Sponge Iron IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,18,000 amount while the maximum bid is 2000 Shares with ₹1,18,000. |
| What is the Shri Hare-Krishna Sponge Iron IPO Allotment Date? Shri Hare-Krishna Sponge Iron IPO allotment date is 27 June 2025. |
| What is the Shri Hare-Krishna Sponge Iron IPO Listing Date? Shri Hare-Krishna Sponge Iron IPO listing date is 01 July 2025. The IPO is to be listed on the NSE SME. |
