What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Shri Hare-Krishna Sponge Iron Limited IPO?

Based on the upper price band of ₹59 and current GMP of ₹0, the estimated listing price is ₹59 (approx. 0.0% gain).

What is the expected profit per lot for Shri Hare-Krishna Sponge Iron Limited IPO?

With a lot size of 2000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

IPO GreyPremiumLIVE

Grey Market Intelligence

Shri Hare-Krishna Sponge Iron Limited

ListedSME

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

26 Jun 2025

Allotment

27 Jun 2025

Refund

28 Jun 2025

Demat Credit

29 Jun 2025

Listing

1 Jul 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Shri Hare-Krishna Sponge Iron Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹59

Band: ₹56 – ₹59

Estimated Listing Price

₹59

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,18,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹59
30 Oct 2026	—	0.0%	₹59
29 Oct 2026	—	0.0%	₹59

About Shri Hare-Krishna Sponge Iron Limited Public Issue & Market Profile

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.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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.

Frequently Asked Questions

What is Shri Hare-Krishna Sponge Iron Limited IPO GMP today?

The latest grey market premium for Shri Hare-Krishna Sponge Iron Limited IPO is ₹0, which indicates an expected listing price of ₹59.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.