Shri Hare Krishna Sponge Iron IPO
Shri Hare Krishna Sponge Iron Limited
Minimum investment
Shri Hare Krishna Sponge Iron IPO Details
Bidding date
24 Jun - 26 Jun 2025
Price range
—
Minimum quantity
2,000
Minimum investment
₹1,12,000
Issue size
—
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Shri Hare Krishna Sponge Iron IPO Dates & Timeline
About Shri Hare Krishna Sponge Iron IPO: Company Overview
Shri Hare-Krishna Sponge Iron Limited, incorporated in May 2003, is a Chhattisgarh-based company engaged in the manufacturing and sale of sponge iron, a crucial raw material in steel production. The company's production facility is strategically located in Siltara, Raipur, spread across 13.45 acres of industrial land, with an annual installed capacity of 30,000 metric tonnes.
The company holds multiple international certifications:
ISO 9001:2015 (Quality Management)
ISO 14001:2015 (Environmental Management)
ISO 45001:2018 (Occupational Health & Safety)
Its customer base spans across Maharashtra, Madhya Pradesh, and Chhattisgarh, supported by a workforce of 92 full-time employees as of April 2025.
Strengths & Risks of Shri Hare Krishna Sponge Iron IPO
Established Operations: Over two decades in sponge iron production with a loyal customer base.
Quality & Compliance: ISO-certified plant ensuring quality control, environmental and safety standards.
Low Debt Levels: Debt/equity ratio at just 0.15, reflecting strong financial management.
Efficient Margins: Maintained healthy EBITDA margin of 13.40% and PAT margin of 11.43%.
Experienced Management: Led by a seasoned team with industry and domain expertise.
Revenue & Profit Decline: In FY25, revenue declined by 2% and PAT dropped by 10% compared to FY24.
Sector Dependency: The company’s growth is closely linked to the cyclical steel industry.
SME Listing Volatility: Stocks listed on the SME platform may show high price volatility and lower liquidity.
Regional Sales Concentration: Major revenues come from only 3 states, which may pose geographical concentration risk.
Shri Hare Krishna Sponge Iron Financials: Revenue, Profit & EBITDA
N/A
How to Apply for Shri Hare Krishna Sponge Iron IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Shri Hare Krishna Sponge Iron IPO
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