
Manufacturing · NSE
Shri Hare-Krishna Sponge Iron Limited, established in May 2003, is engaged in the manufacturing and sale of sponge iron. Its production facility is located in Siltara, Raipur, Chhattisgarh, spread across 13.45 acres with an annual production capacity of 30,000 metric tonnes. The plant is certified with ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety standards. The company primarily supplies its products to customers in Maharashtra, Madhya Pradesh, and Chhattisgarh. Sponge iron, the company's main product, is an essential raw material used in steel production through induction and electric arc furnaces. As of April 30, 2025, the company employed 92 full-time staff members.
Price Band
₹56 – ₹59
Issue Size
₹29.91 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹59
at current GMP
Subscribed
6.84x
overall
Open
24 Jun 2025
Close
26 Jun 2025
Allotment
27 Jun 2025
Refund
28 Jun 2025
Demat Credit
29 Jun 2025
Listing
1 Jul 2025
Designated Registrar: Kfin Technologies Limited
Allotment Date
27 Jun 2025
Basis finalization
Refunds Initiate
28 Jun 2025
Mandate release
Demat Credit
29 Jun 2025
Shares in demat
Listing Debut
1 Jul 2025
Trading begins
Shri Hare-Krishna Sponge Iron Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹29.91 Crores. The shares are offered at a price band of ₹56 to ₹59 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-06-26, the basis of allotment is scheduled to be finalized on 2025-06-27. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.