Shri Hare-Krishna Sponge Iron Limited (NSE SME)

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Shri Hare-Krishna Sponge Iron Limited (NSE SME)

June 24, 2025 – June 26, 2025

Price ₹56 - ₹59
Premium ₹0
Lot size 2000
Allotment Jun 27, 2025
Listing Jul 1, 2025

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Live Rate

Open
High
Low
Prev. Close
Lower circuit
Upper circuit
52w High
52w Low
P/E Ratio

Listing Price

Exchange Listing Price Gain/Loss %
NSE ₹64.80 +₹5.80 +9.83%

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Shareholding Pattern

Subscription

Last updated on 26-Jun-2025 17:01:14

CategoryOfferedAppliedTimes
QIB9620001055200010.97
NIB724000730200010.09
RETAIL168600052220003.1
Total3372000230760006.84
Application Wise Breakup
CategoryApp. Received
QIB10
NIB240
RETAIL2611
Total2861
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIB5.6862.2610.97
FII-21.52-
FI-17.7-
IC-0-
MF-0-
OTH-23.03-
NIB4.2743.0810.09
RETAIL9.9530.813.1
Total19.89136.156.84
QIB Interest Cost Per Share (7 Days)
@7%
₹0.9
@8%
₹1
@9%
₹1.1
@10%
₹1.2
@11%
₹1.4
@12%
₹1.5
HNI Interest Cost Per Share (7 Days)
@7%
₹0.8
@8%
₹0.9
@9%
₹1
@10%
₹1.1
@11%
₹1.3
@12%
₹1.4

About

Category Lot(s) Qty Amount Reserved
Retail (10000 to 2 lakh) 1 2000 118000 843
IPO Reservation
Investor CategoryShares OfferedNo. of Shares
Retail33.25%1686000
NII (HNI)14.28%724000
Anchor28.40%1440000
QIB18.97%962000
Market Maker5.09%258000
Total 100.00%5070000
Shri Hare-Krishna Sponge Iron IPO Details
Issue Size
50,70,000 shares
(aggregating up to ₹29.91 Cr)
Fresh Issue50,70,000 shares
(aggregating up to ₹29.91 Cr)
Issue TypeBookbuilding IPO
Listing AtNSE SME
Share Holding Pre Issue1,41,21,050 shares
Share Holding Post Issue19,191,050 Shares
Market Maker Portion2,58,000 shares
Market MakerHem Finlease
Key Performance Indicator (KPI)
KPIMar-25Mar-24Mar-23
ROE13.33%17.16%21.50%
ROCE14.70%19.24%26.11%
RONW12.51%15.80%19.41%
EPS
(basic)
6.517.217.45
P/E
Pre IPO
9.06
P/E
Post IPO
12.31
Company Financials In Crores
PeriodMar 2025Mar 2024Mar 2023
Assets93.1675.7458.58
Revenue83.6084.9395.25
Profit9.2010.1710.53
EBITDA10.7812.1113.97
Net Worth73.5964.3954.22
Reserves59.4750.2740.10
Borrowing11.397.240.75
About Company
Incorporation: May 2003

Industry: Sponge Iron Manufacturing
Location: Siltara, Raipur (Chhattisgarh)
Plant Area: 13.45 acres
Production Capacity: 30,000 metric tonnes per annum
Employee Strength: 92 full-time employees (as of April 30, 2025)
Certifications:

  • ISO 9001:2015 (Quality Management)
  • ISO 14001:2015 (Environmental Management)
  • ISO 45001:2018 (Occupational Health & Safety)

Core Product

Sponge Iron (Direct Reduced Iron, DRI):

  • A key raw material for steel production in induction furnaces and electric arc furnaces.
  • Sold primarily in Maharashtra, Madhya Pradesh, and Chhattisgarh.
Financial Implications:
  • The ₹230 million investment suggests a mid-sized CPP (likely 10-15 MW capacity based on industry benchmarks).
  • Potential to improve EBITDA margins by reducing power costs, a major input in sponge iron manufacturing.

Strength

In-House Manufacturing: Full control over production quality and costs.

Quality Assurance: Rigorous testing for standardized output.

Customer Relationships: Long-term client trust and loyalty.

Weakness

Dependency on Power and Fuel Costs: Volatility in energy prices can impact the viability of steel operations and may lead to temporary plant shutdowns affecting revenue.

Customer Concentration Risk: A significant portion of revenue depends on a few customers without firm commitments, posing a risk if any major client is lost.

Regulatory Compliance History: he company was penalized by SEBI for past violations related to trading activities, which may affect its reputation and compliance credibility.

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Latest Announcements

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Financial Results

Lead Manager(s)

Address

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/

Registrar

Kfin Technologies Limited
Address: Kfin Technologies Limited KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India - 500 032.