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 current subscription status of Shri Hare-Krishna Sponge Iron Limited IPO?

Shri Hare-Krishna Sponge Iron Limited IPO has received a total subscription of 6.84 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

6.84x

Total Demand

QIB Multiplier

10.97x

Institutions & Funds

NII / HNI

10.09x

High Net-Worth

Retail (RII)

3.10x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 6.84x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	962,000	10,552,000	10.97x
NIB	724,000	7,302,000	10.09x
RETAIL	1,686,000	5,222,000	3.10x
Total	3,372,000	23,076,000	6.84x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	10	0.00x
NIB	—	240	0.00x
RETAIL	—	2,611	0.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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?

Currently, Shri Hare-Krishna Sponge Iron Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹56 to ₹59 per equity share.

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

The retail lot size is 2000 shares requiring a minimum application amount of ₹1,18,000. Expected listing price is ₹59 per equity share.

What is the issue size and price band for Shri Hare-Krishna Sponge Iron Limited IPO?

The Shri Hare-Krishna Sponge Iron Limited IPO aggregate issue size is ₹29.91 Crores with an equity price band set at ₹56 to ₹59 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,18,000.

How can I check Shri Hare-Krishna Sponge Iron Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 6.84x (Retail: 3.10x, QIB: 10.97x, NII: 10.09x). You can track live multiples directly on our dedicated subscription page.

Where and when will Shri Hare-Krishna Sponge Iron Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-06-27. Investors can verify status using PAN card or application number.

When is the listing date for Shri Hare-Krishna Sponge Iron Limited IPO?

Shri Hare-Krishna Sponge Iron Limited shares are scheduled to list on NSE on 2025-07-01.