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Shri Hare-Krishna Sponge IPO
Price Band
₹56.0–59.0
Issue Size
₹29.91 Cr
Lot Size
2,000 shares
Min Investment
₹118,000
GMP
—
Issue Price
₹59.0
Shri Hare-Krishna Sponge IPO AI Summary
- Shri Hare-Krishna Sponge IPO is listed on NSE SME in the Sponge Iron sector.
- Price band: ₹56.0–₹59.0 per share, lot size 2,000 shares (min. investment ₹118,000).
- Subscription window: 24 Jun–26 Jun 2025, listing on 01 Jul 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shri Hare-Krishna Sponge IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Jun 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shri Hare-Krishna Sponge IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited manufactures and sells Sponge Iron. The manufacturing unit is in Siltara - Raipur, Chhattisgarh, covering 13.45 acres with an annual capacity of 30,000 metric tonnes. The manufacturing unit holds ISO ISO 9001:2015 for quality, ISO 14001:2015 for environment, and ISO 45001:2018 for occupational safety management. The company sells its products in Maharashtra, Madhya Pradesh, and Chhattisgarh. Products: Sponge Iron: Sponge Iron is the key raw material required to manufacture steel in both induction and electric arc furnaces. As of April 30, 2025, the company had 92 full-time employees. Competitive Strengths: In-house manufacturing facility. Stringent quality control mechanisms ensure standardized product quality. Long-standing relationship with our customers. Well-qualified and Experienced Management Team.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 93.16 | 75.74 | 58.58 |
| Total Income | 83.60 | 84.93 | 95.25 |
| Profit After Tax | 9.20 | 10.17 | 10.53 |
| EBITDA | 10.78 | 12.11 | 13.97 |
| NET Worth | 73.59 | 64.39 | 54.22 |
| Reserves and Surplus | 59.47 | 50.27 | 40.10 |
| Total Borrowing | 11.39 | 7.24 | 0.75 |
Key Ratios
EPS
₹6.51
NAV
₹52.11
ROE
13.33%
ROCE
14.70%
RoNW
12.51%
P/B Value
1.29
P/E Ratio
9.06
Market Cap
₹113.23 Cr
PAT Margin
11.43%
Debt/Equity
0.15
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Chaman Metallics Limited | 9.83% | 36.05 | 4.05 | 4.05 |
| Vraj Iron And Steel Limited | 11.11% | 12.54 | 14.28 | 14.28 |
| Shri Hare-Krishna Sponge Iron Limited This IPO | 15.8% | — | 6.51 | 6.51 |
Promoters
Anita Tradelinks Pvt.Ltd., Buxom Trexim Pvt.Ltd., Shyam Sunder Parasrampuria, Manoj Parasrampuria and Manish Parasrampuria
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of Capital Expenditure requirements of the company towards setup of Captive Power Plant at Siltara-Raipur 23.00 2 General Corporate Purposes 3.27 3 Issue Expenses 3.65 Total 29.91
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹95.25 Cr in the period ending 31 Mar 2023, declining to ₹84.93 Cr by 31 Mar 2024, and further decreasing to ₹83.60 Cr by 31 Mar 2025. This indicates a downward trend in revenue over the last two years.
Profit Trend
Profit After Tax was ₹10.53 Cr in the period ending 31 Mar 2023, dropping to ₹10.17 Cr by 31 Mar 2024, and further to ₹9.20 Cr by 31 Mar 2025. This shows a consistent decline in profit over the last two years.
Valuation
The company's P/E ratio is 9.06, while peers are trading at P/E ratios ranging from 12.54 to 36.05. This implies that Shri Hare-Krishna Sponge Iron Limited is priced at roughly 9.06 times trailing earnings, which is lower than its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that the IPO is likely to list at a premium to its issue price, while a negative GMP indicates the opposite. It is important to note that GMP is not always a reliable predictor of actual listing performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's financial health, market position, and growth potential before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid this IPO, especially given the recent decline in revenue and profit figures. It's important to assess personal financial situations and investment strategies before participating in such offerings.
Listing Gains — The Risk
Listing gains refer to the profit made when an IPO shares are sold on the stock exchange shortly after they are listed. However, these gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. Investors should be aware that there is a risk of not achieving expected gains on the listing day.
This evaluation is generated from Shri Hare-Krishna Sponge's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Shri Hare-Krishna Sponge IPO?
The price band of Shri Hare-Krishna Sponge IPO is ₹56.0–₹59.0 per share.
When does Shri Hare-Krishna Sponge IPO open and close?
Shri Hare-Krishna Sponge IPO opens on 24 June 2025 and closes on 26 June 2025.
When does Shri Hare-Krishna Sponge IPO list on the stock exchange?
Shri Hare-Krishna Sponge IPO listed on 01 July 2025 at ₹59.0.
What is the lot size for Shri Hare-Krishna Sponge IPO?
The lot size for Shri Hare-Krishna Sponge IPO is 2000 shares, requiring a minimum investment of ₹118,000.
What is the lot size for this IPO?
The lot size for Shri Hare-Krishna Sponge Iron Limited's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹118,000.
What is the price band for this IPO?
The price band for the IPO is between ₹56.0 and ₹59.0.
What are the important dates for this IPO?
The IPO opens on June 24, 2025, and closes on June 26, 2025. The allotment date is June 27, 2025, and the listing date is July 1, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading before its official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jun 2025
Close
26 Jun 2025
Allotment
27 Jun 2025
Listing
01 Jul 2025
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