Issue Price
₹59
Per Share
GMP
NIL
Grey Market
Est. Listing
₹59
Expected Price
Min. Application
₹236,000
2 lots × 2000 shares
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.
Shri Hare-Krishna Sponge Iron Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 258,000 | — | ₹1.52 Cr | — |
| TOTAL | 5,070,000 | 100.00% | ₹29.91 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹118,000 |
| Retail (Max) | 13 | 26,000 | ₹1,534,000 |
| sNII (Min) | 14 | 28,000 | ₹1,652,000 |
| bNII (Min) | 68 | 136,000 | ₹8,024,000 |
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 83.60 | 84.93 | 95.25 |
| EBITDA | 10.78 | 12.11 | 13.97 |
| Profit After Tax (PAT) | 9.20 | 10.17 | 10.53 |
| Net Worth | 73.59 | 64.39 | 54.22 |
| Total Assets | 93.16 | 75.74 | 58.58 |
| Reserves & Surplus | 59.47 | 50.27 | 40.10 |
| Total Borrowings | 11.39 | 7.24 | 0.75 |