IPO Details
Bidding Dates
24 Jun 25 - 26 Jun 25
Lot Size
2000
Price Range ₹
56 - 59
Exchange Status
NSE
Total Equity
₹ 0.00Cr
IPO Doc
IPO Timeline
Listing
--
Offer start
24 Jun 2025
Offer end
26 Jun 2025
Allotment
27 Jun 2025
Refund initiation
30 Jun 2025
Demat transfer
30 Jun 2025
Listing
--
Offer start
24 Jun 2025
Offer end
26 Jun 2025
Allotment
27 Jun 2025
Refund initiation
30 Jun 2025
Demat transfer
30 Jun 2025
About Company
Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited is engaged in the manufacturing and sale of sponge iron, a vital raw material used in steel production through electric arc and induction furnaces. The company operates a 13.45-acre ISO-certified facility in Siltara, Raipur, Chhattisgarh, with an annual production capacity of 30,000 metric tonnes. Its products are primarily sold across Maharashtra, Madhya Pradesh, and Chhattisgarh. The company benefits from proximity to key raw materials like iron ore, coal, and dolomite, ensuring efficient operations. With a strong focus on quality, in-house production, and customer relationships, it aims to enhance operational efficiency by setting up a captive power plant to reduce power dependency.
Year Founded
02-05-2003
Promotor Details
Manoj Parasrampuria
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 14121050 | 14121050 |
Highlights
- In-house manufacturing facility with quality certifications ensures control over production and standards.
- Strategic plant location in Chhattisgarh offers easy access to key raw materials, reducing logistics costs.
- Long-standing relationships with regional steel producers provide stable demand.
- Plans to set up a captive power plant to reduce energy costs and improve operational efficiency.
- Certified for quality, environment, and safety standards (ISO 9001, 14001, 45001), enhancing credibility.
Challenges
- Heavy reliance on sponge iron, which accounts for over 95% of total revenue, limits diversification.
- Operations in limited geographies may restrict customer base and scalability.
- High dependency on power; past shutdown of steel product operations due to rising energy costs.
- Small-scale production capacity (30,000 MT annually) compared to industry peers.
- Exposed to volatility in raw material prices and steel sector demand cycles.
