Shri Hare-Krishna Sponge Iron IPO: Price, Allotment, And GMP

Shri Hare-Krishna Sponge Iron IPO- Complete Overview

Shri Hare-Krishna Sponge Iron IPO under the SME IPO category is a bookbuild issue of Rs. 29.91 Cr by Shri Hare-Krishna Sponge Iron Limited. It was established in May 2003. The company is in the manufacturing and marketing of Sponge Iron and operates across different regions and operates in various regions.

The plant, which occupies 13.45 acres in Raipur, Chhattisgarh, can produce 30,000 metric tonnes annually. MP, Chhattisgarh, and Maharashtra are where this company conducts business.

Products-

Sponge Iron is a main input material for both induction and electric arc furnace steelmaking processes.

Shri Hare-Krishna Sponge Iron IPO Overview

The Shri Hare-Krishna Sponge Iron IPO date is on 24 June 2025, and its initial public offering will end on 26 June 2025. 

The Rs. 29.91 crore new SME IPO comprises a wholly fresh issue of 50.70 lac Shares. The Shri Hare-Krishna Sponge Iron IPO price is Rs. 56 to Rs. 59 for each Share. 

The Shri Hare-Krishna IPO listing date (expected) is Tuesday, Jul 01, 2025, and listing at the NSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	93.16	75.74	58.58
Total Revenue	83.60	84.93	95.25
PAT	9.20	10.17	10.53
Net Worth	73.59	64.39	54.22
Reserves & Surplus	59.47	50.27	40.10
Borrowings	11.39	7.24	0.75

 

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	1,293.18	141.91	2,333.92
Net Cash Flow Investing Activities	(2,020.17)	(1,549.42)	(1,658.04)
Net Cash Flow Financing Activities	399	626.21	(21.68)

 

Revenue Bifurcation

Revenue from Operations Bifurcation

(Amount in lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing the company's capital expenditure needs for the construction of a captive power plant at Siltara, Raipur.

• General corporate purposes.

 

Click to check the IPO application status.

Peers of Shri Hare-Krishna Sponge Iron Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Vraj Iron And Steel Limited	10	14.28	12.54
Chaman Metallics Limited	10	4.05	36.05

 

Evaluation

The Shri Hare-Krishna Limited IPO price is Rs. 56 to Rs. 59 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2025 with an EPS of Rs. 6.51 from the last year, the resulting P/E ratio is 9.06x.

Considering the weighted EPS of Rs. 6.90 for the last three years, the P/E ratio is 8.55.

Explore the AJC Jewel IPO.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 24.30x.

Particulars	P/E Ratio (x)
Highest	36.05
Lowest	12.54
Average	24.30

In simple words, the P/E ratio of this IPO is 9.06x, compared with the industry’s average P/E of 24.30x, indicating an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

 

 

IPO's Strengths

• In-house fabrication facility.  

• Relational continuity with our clients. 

• Skilled and seasoned managerial team.

 

IPO’s Weaknesses

• Huge dependency on a few customers.

• The steel division's continued operations are critically reliant on power and fuel costs. Any sustained or volatile increase in energy prices, especially of oil, would increase operational expenditures.

• CVCs strategically face risks such as item malfunctions, electrical outages, industry incidents, and nature-related disasters, typically referred to as weather events, as well as contravening care contrary to government directives. 

 

Shri Hare-Krishna IPO GMP

Shri Hare-Krishna IPO GMP is Rs. 0 as of 23 Jun 2025 while writing this information. Hence, its expected listing price is Rs. 59.

IPO Timetable (Tentative)

The Shri Hare-Krishna Sponge Iron IPO date of opening is from Jun 24 to Jun 26, 2025, allotment on Jun 27, refund initiation on Jun 30, and listing on Jul 01, 2025.

Events	Date
IPO Opening Date	Jun 24, 2025
IPO Closing Date	Jun 26, 2025
IPO Allotment Date	Jun 27, 2025
Refund Initiation	Jun 30, 2025
IPO Listing Date	Jul 01, 2025

 

Shri Hare-Krishna Sponge Iron IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 50,70,000 Shares (Rs. 29.91 Cr) with a market maker portion of 2,58,000 Shares (Rs. 1.52 Cr).

IPO Opening & Closing Date	24 Jun, 2025 to 26 Jun, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 56 to Rs. 59 per Share.
Lot Size	2000 Shares
Issue Size	50,70,000 Shares (Rs. 29.91 Cr)
Offer for Sale	-
Fresh Issue	50,70,000 Shares (Rs. 29.91 Cr)
Listing at	NSE, SME
Issue Type	Book Built Issue
Registrar	Kfin Technologies Limited

 

 

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (2000 Shares) amounting to Rs. 1,18,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (4000 Shares) amounting to Rs. 2,36,000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	47.38%
Retail’s Portion	33.25%
Non-Institutional Portion	14.28%

 

Promoters And Management of Shri Hare-Krishna Sponge Iron Ltd.

• Anita Tradelinks Private Limited

• Buxom Trexim Private Limited

• Shyam Sunder Parasrampuria

• Manoj Parasrampuria

• Manish Parasrampuria.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	73.58%

 

IPO Lead Managers

• Hem Securities Limited.

 

 

Dividend Policy

The company has not declared any dividends in the last three financial years.

 

Conclusion

The Shri Hare-Krishna Sponge Iron IPO enables the investor to capitalise on growth opportunities in the SME steel industry, which has shown strong performance metrics alongside a well-established production base. The competitive P/E ratio adds value along with the expansion focus on the captive power plant. Risks are client dependency and power costs.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.