The Shri Hare-Krishna Sponge Iron IPO is set to open on June 24, 2025, and will close on June 26, 2025. It is a Book Built Issue through which the company plans to raise approximately ₹29.91 crores. This includes a fresh issue of ₹29.91 crores and an offer for sale of up to [.] equity shares, each having a face value of ₹10.

The IPO price band is fixed between ₹56 and ₹59 per share. The quota distribution is as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). The shares are expected to be listed on the NSE on July 1, 2025, and the allotment date is scheduled for June 27, 2025.

Financially, the company reported revenue of ₹83.60 crores in 2025, slightly lower than ₹84.93 crores in 2024. The profit also declined to ₹9.20 crores in 2025 from ₹10.17 crores in the previous year. Despite the dip, the financials suggest the IPO could be a solid option for long-term investors.

About Shri Hare-Krishna Sponge Iron IPO

Established in 2003, Shri Hare-Krishna Sponge Iron Limited is a well-known company engaged in the production and sale of sponge iron, which is primarily used in the manufacturing of steel through electric arc and induction furnaces. The company operates a manufacturing facility located in Siltara, Raipur (Chhattisgarh), covering approximately 13.45 acres, with an annual production capacity of 30,000 metric tonnes.

The strategic location of the plant provides easy access to key raw materials such as high-grade iron ore, pellets, coal, and dolomite, which are essential for sponge iron production. The company markets its products across several states, including Maharashtra, Madhya Pradesh, and Chhattisgarh. As of April 30, 2025, the company employs 92 full-time staff members. Its key strengths include an in-house manufacturing facility, strong and long-term customer relationships, and a highly qualified and experienced management team.

Objects of the Issue (JNK India IPO Objectives)

• Funding of Capital Expenditure requirements of the company towards setup of Captive Power Plant at Siltara – Raipur
• General Corporate Purpose

JNK India IPO Review (Apply)

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Shri Hare-Krishna Sponge Iron IPO Company Financial Report

Shri Hare-Krishna Sponge Iron IPO Company Financial Report