Shri Hare-Krishna Sponge Iron IPO
smelistedAbout the company
Incorporated in 2003, Shri Hare-Krishna Sponge Iron manufactures sponge iron for steel production in electric arc and induction furnaces. The company achieved 85% capacity utilisation in FY25, producing 25,627 MT against 30,000 MT annual capacity. Revenue composition includes sponge iron at 95.67%, iron ore fines at 2.86%, and dolochar at 1.02%. The company operates from Raipur with strategic proximity to raw material sources, reducing logistics costs. It serves Maharashtra, Madhya Pradesh, and Chhattisgarh markets through steel chamber brokers with 92 employees.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed24 Jun 2025Bidding starts for all investor categories
IPO Closes
Completed26 Jun 2025Last day to place your bid
Basis of Allotment
Completed27 Jun 2025Share allotment finalised
Refund Initiation
Completed30 Jun 2025Refunds credited for non-allottees
Credit to Demat
Completed30 Jun 2025Allotted shares credited to demat account
Listing on Exchange
Completed01 Jul 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹118,000 | 1 | ₹118,000 | 1 lot only |
| HNI | 2 | 4000 | ₹236,000 | 2 | ₹236,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,521,739 | 14.5 | 0 | 0.00x | 100% |
| NII | 15% | 756,522 | 4.35 | 0 | 0.00x | 100% |
| Retail | 35% | 1,765,217 | 10.15 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
