What is the primary objective of the IPO?

To fund the captive power plant setup at Siltara, Raipur, and for general corporate purposes.

Shri Hare Krishna Sponge Iron IPO - Issue Price, Date, Size, and Details

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We do proprietary trading

Shri Hare Krishna Sponge Iron IPO Dates & Timeline

24 Jun, 2025

Opening date

26 Jun, 2025

Closing date

27 Jun, 2025

Basis of allotment

30 Jun, 2025

Initiation of refunds

30 Jun, 2025

Credit of shares

01 Jul, 2025

Listing date

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.

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

Q1. What are the Shri Hare-Krishna Sponge Iron IPO dates?

Q2. What is the price band and lot size?

Q3. When is the allotment and listing date?

Q4. How much is being raised via IPO?

Q5. Where will the shares be listed?

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Bid starts

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Shri Hare Krishna Sponge Iron IPO

Shri Hare Krishna Sponge Iron IPO Details