Here’s a comprehensive snapshot of the Shri Hare‑Krishna Sponge Iron Limited IPO. Shri Hare-Krishna Sponge Iron Limited IPO 2025 is gaining strong investor attention as the company steps into the public market via NSE Emerge.
Established in 2003 and headquartered in Raipur, Chhattisgarh, Shri Hare-Krishna Sponge Iron Ltd is an integrated steel manufacturing company engaged in the production of sponge iron, steel billets, TMT bars, steel grits, and shots. With a strong focus on quality and sustainability, the company operates with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, ensuring excellence in production and workplace safety.
Its fully integrated facility includes a 36,050 TPA sponge iron plant and a 21,600 TPA steel melting shop with induction furnaces and rolling mills. The upcoming IPO will fund expansion into a 5 MW captive power plant and new manufacturing lines for cast iron and alloy steel castings
Shri Hare-Krishna Sponge Iron Limited IPO Dates
- IPO Opening: 24 June 2025
- IPO Closing: 26 June 2025
- Basis of Allotment Finalized: 27 June 2025
- Refunds Initiated: 30 June 2025
- Shares Credited: 30 June 2025
- Listing Date on NSE Emerge: 1 July 2025
Shri Hare-Krishna Sponge Iron Limited IPO Detail
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | 1 July 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,70,000 shares (aggregating up to ₹29.91 Cr) |
| Reserved for Market Maker | 2,58,000 shares (aggregating up to ₹1.52 Cr) |
| Net Offered to Public | 48,12,000 shares (aggregating up to ₹28.39 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,41,21,050 shares |
| Share Holding Post Issue | 1,91,91,050 shares |
Shri Hare-Krishna Sponge Iron Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2000 | ₹1,18,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,18,000 |
| HNI (Minimum) | 2 | 4,000 | ₹2,36,000 |
- Lot Size: The IPO mandates a minimum of 2,000 shares per application.
- Price Band: Fixed at ₹56–₹59.
- Minimum Investment: ₹118,000 when applying at the upper band (2,000 × ₹59) .
Shri Hare-Krishna Sponge Iron Limited IPO Promoter Holding
Here’s an updated look at the promoter and promoter-group shareholding in Shri Hare‑Krishna Sponge Iron Limited based on the latest filings:
| Category | No. of Shares | % of Total Equity |
|---|---|---|
| Promoter & Promoter Group (Indian individuals) | 6,710,068 | 28.31% |
| Total Promoter Holding | 6,710,068 | 28.31% |
| Public Shareholding | 16,989,932 | 71.69% |
| Total Equity | 23,700,000 | 100% |
This data originates from the company’s shareholding pattern filed during its IPO process, where the fully paid-up share capital stands at 23.7 million shares
About Shri Hare-Krishna Sponge Iron Limited
- Incorporated in May 2003 and converted to a public limited company in June 2007, the company is headquartered near Raipur, Chhattisgarh—about 22 km from the city—while its registered office is in Kolkata.
- Strategic location on 13.45 acres in Siltara Industrial Area provides easy access to key raw materials like iron ore, coal, pellets, and dolomite.
Core Operations & Facilities
- Sponge Iron (DRI): 36,050 TPA via a 100×1 TPD rotary kiln.
- Steel Melting Shop: 21,600 TPA capacity using induction furnaces for billets, ingots, shots and grits.
- Rolling Mill: Active since 2007, produces structural sections like angles, channels, and beams.
- Steel Shots & Grits: 12,000 TPA plant using advanced centrifugal atomizers, double-quenching, tempering, and screening under a 50,000 ft² covered shed.
Management & Workforce
- Board includes: Manoj Parasrampuria (Chairman & MD), Manish & Anubhav Parasrampuria, Kamlesh Dewangan (Whole-Time Directors), and independent directors Jonu Agrawal & Chiman Lal Agrawal.
- KMPs: Abhishek Parasrampuria (CFO) and Rashmeet Kaur (Company Secretary).
- ~92 full-time employees as of April 2025.
Products Portfolio
Here are the core products offered by Shri Hare‑Krishna Sponge Iron Limited, reflecting their integrated steel manufacturing capabilities:
(1) Sponge Iron (DRI)
- Produced at a capacity of 36,050 TPA using a 100 TPD rotary kiln.
- High-metallic-grade sponge iron sourced from iron ore and non-coking coal, meeting consistency and quality benchmarks.
(2) Steel Billets, Ingots, Shots & Grits
- Steel Melting Shop with 21,600 TPA capacity produces mild steel ingots, billets, shots, and grits via induction furnaces.
- Cast steel shots (0.30–2.50 mm) and steel grits (0.120–2.00 mm) are manufactured using centrifugal atomization, double quenching, tempering, and rigorous sieving to meet international standards (IS‑4606 / ASTM/SAE).
(3) Rolled Steel Sections
- In-house rolling mill operational since 2007.
- Produces structural steel sections—angles, channels, beams—for construction and engineering applications.
Summary Table
| Product Category | Capacity / Range | Key Features |
|---|---|---|
| Sponge Iron (DRI) | 36,050 TPA | Rotary kiln process, high metal content |
| Steel Melting & Casting | 21,600 TPA; Shots 0.30–2.50 mm; Grits 0.120–2 mm | Atomization, heat treatments, sieving to specs |
| Rolled Sections | Structural angles, channels, beams | Quality-controlled rolling mill operation |
| Upcoming Expansions | Captive power, cast-iron, grinding/alloys | Diversification & backward integration |
Shri Hare-Krishna Sponge Iron Limited Financial Information
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹93.16 Crore | ₹75.74 Crore | ₹58.58 Crore |
| Revenue | ₹83.60 Crore | ₹84.93 Crore | ₹95.25 Crore |
| Profit After Tax | ₹9.20 Crore | ₹10.17 Crore | ₹10.53 Crore |
| EBITDA | ₹10.78 Crore | ₹12.11 Crore | ₹13.97 Crore |
| Net Worth | ₹73.59 Crore | ₹64.39 Crore | ₹54.22 Crore |
| Reserves and Surplus | ₹59.47 Crore | ₹50.27 Crore | ₹40.10 Crore |
| Total Borrowing | ₹11.39 Crore | ₹7.24 Crore | ₹0.75 Crore |
- The company’s total assets increased from ₹58.6 Cr in FY 23 to ₹75.7 Cr in FY 24.
- Revenue dipped to ₹84.93 Cr in FY 24 from ₹95.25 Cr in FY 23.
- Profit after tax (PAT) slightly declined from ₹10.53 Cr to ₹10.17 Cr over the same period.
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 13.33% |
| ROCE | 14.70% |
| Debt/Equity | 0.15 |
| RoNW | 12.51% |
| PAT Margin | 11.43% |
| EBITDA Margin | 13.40% |
| Price to Book Value | 1.29 |
Objects of the Issue (Shri Hare-Krishna Sponge Iron Limited IPO)
1) Funding Capital Expenditure
- Setting up a 5 MW captive power plant at their Siltara, Raipur facility—aimed at reducing power costs and enabling the resumption and sustainment of manufacturing operations.
2) General Corporate Purposes
- Remaining funds will support working capital, meet business development needs, and address other corporate requirements.
These objectives aim to strengthen the company’s operations by lowering dependency on external power sources and bolstering overall business capabilities.
Strengths of Shri Hare‑Krishna Sponge Iron Limited IPO
1) Integrated Manufacturing Facility
- Fully integrated steel operations—from sponge iron (36,050 TPA) to steel melting, rolling, and abrasives manufacturing—allow cost efficiencies, quality control, and diversified product offerings.
2) Strong Quality and Environmental Standards
- The company is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, ensuring high operational standards and regulatory compliance.
3) Strategic Location
- The plant’s location in the Siltara industrial area (Raipur) on 13.45 acres offers robust access to raw materials (iron ore, coal, dolomite), reducing logistics cost and supply chain risk.
4) Proactive Expansion Plans
- Investments in a 5 MW captive power plant and a 12,000 TPA cast-iron unit (both targeted for end‑2025) along with upcoming production lines for grinding media and alloy steel indicate forward-looking capacity building.
5) Financial Discipline & Low Leverage
- Industry analysis highlights moderate bank utilisation (~82%) and strong liquidity (current ratio ~4x), with stable cash flows and low gearing.
Risks of Shri Hare‑Krishna Sponge Iron Limited IPO
1) Sectoral Cyclicality
- As a steel sector player, the company remains vulnerable to industry-wide demand fluctuations, affected by factors like infrastructure investment cycles and global pricing trends.
2) Power Cost Dependency
- Steel manufacturing relies heavily on power. Though a captive power plant is underway, until operational, the company remains exposed to external power cost volatility.
3) Project Execution Risk
- New capacity expansions (power plant, cast-iron, and casting lines) carry the inherent risks of delays, cost overruns, or commissioning issues.
4) Raw Material Quality Sensitivity
- Production depends on specific raw-material characteristics. Any sourcing challenges or quality inconsistencies (e.g. iron ore, coal) may disrupt operations.
5) Limited Public Market Track Record
- As an SME IPO, broader visibility and liquidity may be limited compared to mainboard peers, potentially affecting future trading activity and valuation transparency.
Summary Comparison
| Strength | Risk |
|---|---|
| Fully integrated steel ecosystem | Vulnerable to cyclical steel demand |
| Robust certifications & standards | Power cost exposure until captive plant operational |
| Prime location near raw materials | Execution risk on ongoing projects |
| Expansion into new product lines | Raw-material sourcing quality issues |
| Healthy financial leverage & liquidity | SME-level liquidity constraints |
Shri Hare-Krishna Sponge Iron Limited Contact Details
📞 Corporate & Registered Office
Corporate Office
Plot No. 106, Phase II, Industrial Growth Centre,
Siltara, Raipur – 493111, Chhattisgarh, India
📞 Phone: 0771‑264984
✉️ Email: cs@shkripur.com
Registered Office
Flat No. 2‑D, 2nd Floor, Tower No. 1, Alcove Gloria,
Municipal Premises No. 403/1, Dakshindari Road, VIP Road,
Sreebhumi, North 24 Parganas, Kolkata – 700048, West Bengal, India
👥 Grievance & Investor Contact
Compliance / Secretary: Rashmeet Kaur
📱 Phone: +91‑95891 16050
✉️ Email: cs@shkripur.com
Shri Hare-Krishna Sponge Iron Limited IPO Registrar
🏢 IPO Registrar Information
| Field | Details |
|---|---|
| Registrar | KFin Technologies Limited (KFintech) |
| Phone | +91 40 67162222 |
| einward.ris@kfintech.com | |
| Website | www.kfintech.com |
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