Shri Hare-Krishna Sponge Iron IPO
- IPO Date24 Jun, 2025 to 26 Jun, 2025
- Listing Date01 Jul, 2025
- Face Value₹10 per share
- Issue Price₹56 to ₹59 per share
- Lot Size2000 Shares
- Minimum Investment₹1,18,000
- Listing AtNSE SME
- Total Issue Size48,12,000 Shares
(aggregating up to ₹28.39 Cr) - Fresh Issue48,12,000 Shares
(aggregating up to ₹28.39 Cr)
- Offer for Sale-
- Issue TypeBookbuilding IPO
- Share holding pre issue1,41,21,050
- Shareholding post issue1,41,21,050
IPO Dates
Closing Date
26 Jun, 2025
Initiation of Refunds
30 Jun, 2025
Listing Date
01 Jul, 2025
24 Jun, 2025
Opening Date
27 Jun, 2025
Basis of Allotment
30 Jun, 2025
Credit of Shares
Shri Hare-Krishna Sponge Iron 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 | 4000 | ₹2,36,000 |
Shri Hare-Krishna Sponge Iron Promoter Holding
The promoters of the company are Anita Tradelinks Private Limited, Buxom Trexim Private Limited, Shyam Sunder Parasrampuria, Manoj Parasrampuria and Manish Parasrampuria.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.58% |
Shri Hare-Krishna Sponge Iron COMPANY INFORMATION
Shri Hare-Krishna Sponge Iron IPO is a bookbuilding of ₹28.39 crores. The issue is entirely a fresh issue of 48.12 lakh shares. Shri Hare-Krishna Sponge Iron IPO opens for subscription on June 24, 2025 and closes on June 26, 2025. The allotment for the Shri Hare-Krishna Sponge Iron IPO is expected to be finalized on Friday, June 27, 2025. Shri Hare-Krishna Sponge Iron IPO will be list on NSE SME with a tentative listing date fixed as Tuesday, July 1, 2025. Shri Hare-Krishna Sponge Iron IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,12,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,18,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,36,000. Hem Securities Limited is the book-running lead manager of the Shri Hare-Krishna Sponge Iron IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Shri Hare-Krishna Sponge Iron IPO is Hem Finlease Private Limited. Refer to Shri Hare-Krishna Sponge Iron IPO RHP for detailed information.
Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited manufactures and sells Sponge Iron.
The manufacturing unit is in Siltara - Raipur, Chhattisgarh, covering 13.45 acres with an annual capacity of 30,000 metric tonnes.
The manufacturing unit holds ISO ISO 9001:2015 for quality, ISO 14001:2015 for environment, and ISO 45001:2018 for occupational safety management.
The company sells its products in Maharashtra, Madhya Pradesh, and Chhattisgarh.
Products:
Sponge Iron: Sponge Iron is the key raw material required to manufacture steel in both induction and electric arc furnaces.
As of April 30, 2025, the company had 92 full-time employees.
Competitive Strengths:
- In-house manufacturing facility.
- Stringent quality control mechanisms ensure standardized product quality.
- Long-standing relationship with our customers.
- Well-qualified and Experienced Management Team.
FAQs About Shri Hare Krishna Sponge Iron Ipo
Shri Hare-Krishna Sponge Iron IPO will open on 24 Jun, 2025 and close on 26 Jun, 2025. Investors must apply within this period to participate.
The Shri Hare-Krishna Sponge Iron IPO price band is set between ₹56.00 and ₹59.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹118000.00.
The Shri Hare-Krishna Sponge Iron IPO shares are expected to be listed on 01 Jul, 2025, subject to regulatory approvals and final allotment.
You can track your Shri Hare-Krishna Sponge Iron IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Shri Hare-Krishna Sponge Iron IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.