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 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail (10000 to 2 lakh) | 1 | 2000 | 118000 | 843 |
| HNI (2 lakh to 5 lakh) | 2 | 4000 | 236000 | 362 |
Shri Hare-Krishna Sponge Iron IPO Details
| Issue Size | 50,70,000 shares (aggregating up to ₹29.91 Cr) |
| Fresh Issue | 50,70,000 shares (aggregating up to ₹29.91 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,41,21,050 shares |
| Share Holding Post Issue | 19,191,050 Shares |
| Market Maker Portion | 2,58,000 shares |
| Market Maker | Hem Finlease |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 13.33% | 17.16% | 21.50% |
| ROCE | 14.70% | 19.24% | 26.11% |
| RONW | 12.51% | 15.80% | 19.41% |
| EPS (basic) | 6.51 | 7.21 | 7.45 |
| P/E Pre IPO | 9.06 | ||
| P/E Post IPO | 12.31 |
Company Financials In Crores
| Period | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Assets | 93.16 | 75.74 | 58.58 |
| Revenue | 83.60 | 84.93 | 95.25 |
| Profit | 9.20 | 10.17 | 10.53 |
| EBITDA | 10.78 | 12.11 | 13.97 |
| Net Worth | 73.59 | 64.39 | 54.22 |
| Reserves | 59.47 | 50.27 | 40.10 |
| Borrowing | 11.39 | 7.24 | 0.75 |
About Company
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.
- 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.
Lead Manager(s)
Address
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/