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Shri Hare Krishna Sponge Iron IPO is a Book Building IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 29.91 Cr. The company is based in Kolkata and caters to Steel - Iron sector. Hem Securities is the merchant banker of Shri Hare Krishna Sponge Iron IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th September 2024.
Shri Hare Krishna Sponge Iron IPO open date is 24th June 2025 and close date is 26th June 2025. IPO Allotment Date is 27th June 2025 and Listing date is 1st July 2025.
IPO
Size:
₹ 29.91 Cr.
Avg IPO Size (Sector Based)
: ₹
36.40 cr.
Sector: Steel - Iron
SME
IPO so far:
9
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
132
City:
Kolkata
SME
IPO so far:
75
Revenue (annualised):
₹
80.47
cr. 
PE
Ratio:
12.31x
Average Sector PE Ratio: 17.23x
Shri Hare Krishna Sponge Iron IPO size is ₹ 29.91 Cr. with IPO price of ₹ 59.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Shri Hare Krishna Sponge Iron IPO. Kfin Technologies Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Shri Hare Krishna Sponge Iron IPO.
Shri Hare Krishna Sponge Iron IPO anchor investors are the below investors. The number of anchor investors in this IPO is 7.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Rajasthan Global Securities | 206,000.00 | ₹ 59.00 | ₹ 12,154,000.00 |
| Finavenue Capital trust | 206,000.00 | ₹ 59.00 | ₹ 12,154,000.00 |
| Innovative Vision Fund | 206,000.00 | ₹ 59.00 | ₹ 12,154,000.00 |
| Meru Investment Fund | 206,000.00 | ₹ 59.00 | ₹ 12,154,000.00 |
| Mint Focused Growth | 206,000.00 | ₹ 59.00 | ₹ 12,154,000.00 |
| Sunrise Investment Trust | 206,000.00 | ₹ 59.00 | ₹ 12,154,000.00 |
| Nav Capital Vcc | 204,000.00 | ₹ 59.00 | ₹ 12,036,000.00 |
Shri Hare Krishna Sponge Iron IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Shri Hare Krishna Sponge Iron IPO, based in Kolkata, operates in the Steel - Iron sector with a focus on Sponge Iron manufacturing. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Shri Hare Krishna Sponge Iron IPO size is ₹ 29.91 Cr. with fresh issue size of ₹ 30 and Offer for sale being ₹ Nil
The IPO allotment date for Shri Hare Krishna Sponge Iron IPO is expected to be 27th June 2025, after the finalization of basis of allotment. Investors can check Shri Hare Krishna Sponge Iron IPO allotment status on the registrars website, Kfin Technologies Limited . Shri Hare Krishna Sponge Iron IPO refund dates are 30th June 2025.
Shri Hare Krishna Sponge Iron IPO is expected to be listed on 1st July 2025.
The upper price band for the Shri Hare Krishna Sponge Iron IPO is set at ₹ 59.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Shri Hare Krishna Sponge Iron IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Shri Hare Krishna Sponge Iron IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 26th June 2025. After submission, funds are blocked until the basis of allotment of Shri Hare Krishna Sponge Iron IPO is finalised.
The merchant banker for Shri Hare Krishna Sponge Iron IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Shri Hare Krishna Sponge Iron IPO RHP for further details.
The registrar for Shri Hare Krishna Sponge Iron IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Shri Hare Krishna Sponge Iron IPO through their official website or helpline.
Shri Hare Krishna Sponge Iron IPO was subscribed 6.84 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 29.91 Cr.
Avg IPO Size (Sector Based)
:
₹ 36.40 Cr.
Sector: Steel - Iron
SME
IPO so far:
9
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
132
City:
Kolkata
SME
IPO so far:
75
Revenue (annualised):
₹ 80.47 cr.
PE
Ratio:
12.31x
Average Sector PE Ratio: 17.23x
Shri Hare Krishna Sponge Iron IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Shri Hare Krishna Sponge Iron Financial Review Page
Merchant Banker(s) of Shri Hare Krishna Sponge Iron IPO: Hem Securities Limited
Shri Hare Krishna Sponge Iron IPO subscription was 6.84 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Shri Hare Krishna Sponge Iron IPO listed at a listing price of 64.80 against the offer price of 59.00.
The current market price of Shri Hare Krishna Sponge Iron is 73.40.
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