Shri Hare-Krishna Sponge Iron IPO Upcoming
Already have an account? Apply now
Schedule of Shri Hare-Krishna Sponge Iron
| Issue open date | 24 Jun 2025 |
| Issue close date | 26 Jun 2025 |
| UPI mandate deadline | 26 Jun 2025 (5 PM) |
| Allotment finalization | 27 Jun 2025 |
| Refund initiation | 30 Jun 2025 |
| Share credit | 30 Jun 2025 |
| Listing date | 01 Jul 2025 |
| Mandate end date | 11 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 27 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shri Hare-Krishna Sponge Iron
Incorporated in 2003, Shri Hare-Krishna Sponge Iron manufactures and sells sponge iron, a raw material for steel production in electric arc and induction furnaces. Operating from a 13.45-acre facility in Siltara-Raipur, Chhattisgarh, the company has an annual production capacity of 30,000 metric tonnes. The strategic location provides access to iron ore, coal, and dolomite raw materials. The company holds ISO certifications for quality, environmental, and safety management systems. With 92 employees, it serves steel producers across Maharashtra, Madhya Pradesh, and Chhattisgarh, generating revenue of ₹8,047 lakhs in FY2025, with sponge iron contributing 95.67% of operations revenue.
Financials of Shri Hare-Krishna Sponge Iron
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹28.39 crores |
| Fresh Issue | ₹28.39 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure | 23 (81%) |
| General corporate purposes | – |
Strengths
- In-house manufacturing facility
- Stringent quality control mechanisms ensure standardised product quality.
- Long-standing relationship with customers.
- Well-qualified and well-experienced management team.
Risks
- Energy price volatility affecting steel division viability
- Customer concentration risk without firm commitments
- Raw material supplier dependency and pricing volatility
- Single business segment dependency on sponge iron
- Outstanding legal proceedings against company and promoters