Shri Hare Krishna Sponge IPO Will Open On June 24, 2025 And Close On June 26, 2025. The ₹28.39 Crore IPO Is A Book Build Issue, Consisting Entirely Of A Fresh Issue. icon facilitators IPO Price Band Is Set At ₹56 To ₹59 Per Share.
The Allotment Will Be Finalized On June 27, 2025 and Listing date is Expected on The NSE SME By July 01, 2025. Investor Quota like 50% QIB, 35% Retail, and 15% HNI Category.
Financial Year 2025 Company Posted a Revenue of ₹83.60 Cr. and A Net Profit of ₹9.20 Cr. Showing Strong Growth From The Previous Year. Based On Financial, The IPO Looks Promising For Long-term Investors.
About Shri Hare Krishna Sponge Limited
Our Company was originally formed September May 02, 2003 ‘Shri Hare-Krishna Sponge Limited’ we are primarily engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces.
Through our sponge iron business, we cater to the metallic requirements of steel producers in selected geographies.
Our manufacturing facility is located in Siltara – Raipur, Chhattisgarh and is spread across an area of around 13.45 acres of land with an annual production capacity of 30,000 metric tonnes.
The strategic location of our sponge iron manufacturing facility provides us with access to high-quality iron ore, iron ore pellets, coal and dolomite which are essential raw materials for producing sponge iron.
During production of sponge iron, a solid waste is produced as a by-product called dolochar.
Shri Hare Krishna Sponge IPO Dates & Price Band Details
| IPO Open Date | June 24, 2025 |
|---|---|
| IPO Close Date | June 26, 2025 |
| IPO Price Band | ₹56 to ₹59 per share |
| Face Value | ₹10 per equity share |
| Lot Size | 2,000 Shares |
| Minimum Investment | ₹1,18,000 Lakhs (for 1 lot at ₹59) |
| IPO Issue Type | Bookbuilding IPO |
| Total Issue Size | 48,12,000 shares (Approx ₹28.39 Cr) |
| Fresh Issue | 48,12,000 shares (Approx ₹28.39 Cr) |
| Offer for Sale | - |
| Retail Investor Quota | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing Exchange | NSE SME |
| Anchor Investor List | Click Here |
| DRHP (Draft Prospectus) | Click Here |
| RHP (Final Prospectus) | Click Here |
Shri Hare Krishna Sponge IPO Market Lot Size
The Minimum Lot Size For The icon facilitators IPO is 2,000 Shares, Requiring An Application Amount of ₹1,18,000 and in multiples of 2,000 For Retail Investors. Investors Must Apply in Multiples of The Lot Size.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹1,18,000 |
| Retail Maximum | 1 | 2,000 | ₹1,18,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,36,000 |
Objects Of The Issue
1. Funding of Capital Expenditure requirements of our company towards setup of Captive Power Plant at Siltara – Raipur.
2. General Corporate Purpose.
Shri Hare-Krishna Sponge IPO Allotment & Listing Dates
icon facilitators IPO Will Open on June 24 and Close on June 26, 2025. The allotment is Expected on June 27, With the Listing Scheduled on NSE SME For July 01, 2025 (More information below table).
| Anchor Investor Bidding | June 23, 2025 |
|---|---|
| IPO Opens | June 24, 2025 |
| IPO Closes | June 26, 2025 |
| Allotment Finalisation | June 27, 2025 |
| Refunds / Unblocking | June 30, 2025 |
| Shares Credited to Demat | June 30, 2025 |
| Listing Date | July 01, 2025 |
Shri Hare-Krishna Sponge IPO Financial Report (FY 2025)
icon facilitators Reported a total Revenue of ₹83.60 Cr. in FY 2025, Slightly up From ₹84.93 Cr. in FY 2024. The Company Net Profit Also Rose to ₹9.20 Cr. From ₹10.17 Cr. in the Previous Year Showing Consistent Financial Growth Ahead of its IPO. (More information below table).
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 93.16 | 75.74 | 58.58 |
| Revenue | 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 |
| Amount in ₹ Crore |
Shri Hare Krishna Sponge IPO Valuation Report – FY 2025 (KPI)
Check Detailed icon facilitators IPO Valuation Metrics for FY 2025, including EPS, P/E Ratio, RoNW, NAV, ROCE, and other key financial indicators. These Ratios help Investors Assess the Company financial Health & Valuation Before applying for The IPO. (More information below table).
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 13.33% |
| Return on Capital Employed (ROCE) | 14.70% |
| EBITDA Margin | 5.81% |
| PAT Margin | 11.43% |
| Debt-to-Equity Ratio | 0.15 |
| Earnings Per Share (EPS) | ₹6.51 |
| Price to Earnings Ratio (P/E) | ₹9.06 |
| Return on Net Worth (RoNW) | 12.51% |
| Net Asset Value (NAV) | ₹52.11 |
Qualitative Factors
- In-house manufacturing facility.
- Stringent quality control mechanism ensuring standardized product quality.
- Long standing relationship with our customers.
- Well qualified and Experienced Management Team.
Our Company Promoters
- Manoj Parasrampuria,
- Manish Parasrampuria,
- Anubhav Parsrampuria,
- Anita Tradelinks Private Limited and Buxom Trexim Private Limited.
Comparison With Industry Peers
| Name of the company | Face Value (Per share) | EPS (Rs) | P/E Ratio | RONW (%) | NAV (Rs. Per share) | PAT (Rs. in Lakhs) |
|---|---|---|---|---|---|---|
| Shri Hare-Krishna Sponge Iron Limited | 10.00 | 6.51 | 9.06 | 12.51% | 52.11 | 8,360.02 |
| Vraj Iron and Steel Limited | 10.00 | 14.28 | 12.54 | 11.11% | 120.34 | 47886.0 |
| Chaman Metallics Limited | 10.00 | 4.05 | 36.05 | 9.83% | 41.19 | 17416.77 |
Also Read – Icon Facilitators IPO 2025, Date, GMP, Price, Allotment, Review & Listing
Shri Hare-Krishna Sponge Company Contact Details
Registered Office: Flat No 2-D, 2nd Floor, Tower No. 1, Alcove Gloria,
Municipal Premises No 403/1, Dakshindari Road, VIP Road, Kolkata
Sreebhumi, North 24 Parganas, West Bengal, India, 700048
Tel No: +91-9589116050;
E-mail: cs@shkraipur.com;
Website: https://shkraipur.com
Shri Hare-Krishna Sponge Lead Manager
HEM SECURITIES LIMITED
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 22- 4906000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Shri Hare-Krishna Sponge IPO Registrar
Kfin Technologies Limited
Address: 301, The Centrium, 3rd Floor,
57 Lal Bahadur, Shastri Road, Nav Pada, Kurla
(West), Kurla, Mumbai, Maharashtra, India, 400070
Telephone: +91 40 67162222, 18003094001;
Email: shrihare.ipo@kfintech.com
Website: www.kfintech.com
Shri Hare Krishna Sponge IPO FAQs
Question 1: What is the Shri Hare-Krishna Sponge IPO?
Answer 1: Shri Hare-Krishna Sponge IPO is a SME IPO of 48,12,000 equity shares of the face value of ₹10 approximately up to ₹28.39 Cr. The issue is priced at 56 to 59 per share.
The icon facilitators IPO opens on 24 June 2025 and closes on 26 June 2025.
Kfin Technologies Limited is the registrar for the IPO. The shares to be listed on NSE SME.
Question 2: How to apply in Shri Hare-Krishna Sponge IPO through Groww?
Answer 2: Groww customers can apply online in Shri Hare-Krishna Sponge IPO using UPI as a payment gateway. Groww customers can apply in icon facilitators IPO by login into Groww (back office) and submitting an IPO application form.
Steps to apply in icon facilitators IPO through Groww –
- Visit the Groww website and login to Groww.
- Go to Main Page and click the Products & tools and click IPO tab.
- New page Open and Show ‘icon facilitatorsIPO’ click the ‘Apply’ button.
- Show IPO detail Shares lot Size and Bid Price & click here to Cutoff Price check Box and Continue.
- Inter Your UPI id like . 95****299@kotak accept terms and condition click Box and Apply For IPO
- groww share payment link Your UPI Mobile Number Pay Payment for IPO Bid to approve the e-mandate successfully submit application .
Question 3: When Shri Hare-Krishna Sponge IPO will open?
Answer 3: The icon facilitators IPO opens on June 24, 2025 and closes on June 26, 2025.
Question 4: What is the lot size of Shri Hare-Krishna Sponge IPO?
Answer 4: Shri Hare-Krishna Sponge IPO lot size and the minimum order quantity is 2,000 Shares.
Question 5: How to apply for Shri Hare-Krishna Sponge IPO?
Answer 5: You can apply in icon facilitators IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Groww, Zerodha, Upstox, 5Paisa, Phonepe Share Market, HDFC Bank, and Angel one.
Question 6: When is Shri Hare-Krishna Sponge IPO allotment date?
Answer 6: The Basis of Allotment for Shri Hare-Krishna Sponge IPO will be on Fri, 27 June 2025, and the allotted shares will be credited to your demat account by Mon, 30 June 2025. For Check the Shri Hare-Krishna Sponge IPO allotment status.
Question 7: When is Shri Hare-Krishna Sponge IPO listing date?
Answer 7: The Shri Hare-Krishna Sponge IPO listing date is 01 July 2025. The date of Shri Hare-Krishna Sponge IPO listing on Tue,01 Jul, 2025.
