Shri Hare-Krishna Sponge Iron SME: Check IPO Date, Live Subscription and Key Details
Shri Hare-Krishna Sponge Iron is engaged in the manufacturing and sale of sponge iron, which is primarily used as a raw material in electric arc furnaces and induction furnaces for steel production. The company's manufacturing facility is located in Siltara, Raipur, Chhattisgarh, across 13.45 acres with an annual production capacity of 30,000 metric tonnes. The facility is equipped with advanced machinery, an in-house testing laboratory, and other handling equipment. In addition to sponge iron, the company also produces by-products such as Dolochar, iron ore fines, and other items like dust and waste scrap.
Min Investment
₹118000
Price Range
₹56.00-59.00
Issue Size
₹28.39 Cr
IPO Type
NSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
6.51
P/E Ratio
9.06
RoNW
12.51%
ROE
%
Debt to Equity
0.15
Timeline
IPO Opens
24 Jun
IPO Closes
26 Jun
Allotment
27 Jun
Listing
1 Jul
IPO Objectives
- Funding of Capital Expenditure requirements of the company towards setup of Captive Power Plant at Siltara – Raipur.
- General Corporate Purpose.
Strengths
- In-house manufacturing facility with an annual production capacity of 30,000 metric tonnes, providing control over production and quality.
- Strategically located facility in Siltara, Raipur, Chhattisgarh, which is close to sources of key raw materials like iron ore, coal, and dolomite, leading to reduced logistics costs and improved cost efficiency.
- Stringent quality control mechanisms with an in-house testing laboratory to ensure standardized product quality and suitability of raw materials.
- Long-standing relationships with customers, primarily steel manufacturers in Maharashtra, Madhya Pradesh, and Chhattisgarh, contributing to sustained demand and stable sales.
- Experienced Management Team with expertise in the iron and steel industry.
Weaknesses
- Reliance on a single business segment (Sponge Iron) for a substantial portion of its revenue (over 95%), making the company vulnerable to demand fluctuations or increased competition in this specific sector.
- High customer concentration, with the top five customers accounting for a significant percentage of revenue (70.22% in FY25), posing a risk in case of reductions, delays, or cancellations of orders from these key clients.
- Geographic concentration of business operations in Maharashtra, Madhya Pradesh, and Chhattisgarh, making the company susceptible to adverse developments in these regions.
- Declining revenue and profit after tax over the last three fiscal years (FY23-FY25), indicating potential challenges in growth or market conditions.
- Exposure to volatility in raw material prices (iron ore, coal, dolomite), which can impact profitability as these costs form a significant portion of operational expenses.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 93.16 | 75.74 | 58.58 |
| Revenue (₹ Cr.) | 83.6 | 84.93 | 95.25 |
| PAT (₹ Cr.) | 9.2 | 10.17 | 10.53 |
| Net Worth (₹ Cr.) | 73.59 | 64.39 | 54.22 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.76x | 1.76x | 10.97x |
| NII | 0.17x | 1.60x | 10.09x |
| RII | 0.26x | 0.57x | 3.03x |
| Total | 0.67x | 1.13x | 6.81x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 9,62,000 | 1,05,52,000 | 62.26 |
| NII | 7,24,000 | 73,02,000 | 43.08 |
| RII | 16,86,000 | 51,10,000 | 30.15 |
| Total | 33,72,000 | 2,29,64,000 | 135.49 |
Company Details
- Flat No 2-D, 2nd Floor, Tower No. 1, Alcove Gloria, Municipal Premises No. 403/1, Dakshindari Road, VIP Road, Sreebhumi, Kolkata, North 24 Parganas district, West Bengal-700048, India
- +91-9589116050
- cs@shkraipur.com
- https://shkraipur.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- shrihare.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/