Shri Hare-Krishna Sponge Iron Limited IPO

Shri Hare-Krishna Sponge Iron Limited has launched its Initial Public Offering (IPO) on June 24, 2025 with a closing on June 26, 2025. The IPO comprises a fresh issue of up to 50,70,000 equity shares with a face value of Rs. 10 each. The price is in the band of Rs. 56 to Rs. 59 per share making approximately Rs. 29.91 crore at the upper price band. For retail investors, the minimum application lot size is 2,000 shares. The shares will be listed on the NSE SME platform with a scheduled listing date of July 1, 2025.

Company Background

Shri Hare-Krishna Sponge Iron Limited was founded in 2003 and is headquartered in Raipur, Chhattisgarh. The firm specializes in the production of sponge iron, a vital input for the induction and electric arc furnace-based steel industries. The company’s manufacturing unit covers an area of 13.45 acres with a maximum yearly concrete capacity of thirty thousand metric tonnes. The company has the required certifications for quality control such as ISO certifications for quality (ISO 9001:2015), occupational health and safety management (ISO 45001:2018) and environment (ISO 14001:2015).

Operations & Product Range

Facility & Production:
The company operates a single manufacturing plant located in Raipur with a capacity of 30,000 metric tonnes per annum. The plant is equipped with excellent quality control mechanisms with different ISO certifications that ensure standardized product quality.

Brands & Market Presence:
Shri Hare-Krishna Sponge Iron Limited primarily serves the steel industry by supplying sponge iron, which is essential for steel production. The company has established long-standing relationships with its customers, although a substantial portion of its revenue depends on a few key clients without firm long-term commitments.

Revenue Channels

The company’s revenue primarily comes from the manufacturing and sale of sponge iron. The company has reported a revenue of ₹83.6 crore with a profit after tax (PAT) of ₹9.2 crore which reflects a 10% decline year on year. The business of the company is dependent on the steel

division where fluctuation in the energy costs and the pricing of the material also impact the profitability.

Management & Shareholding

Promoters & Shareholding:
Anita Tradelinks Private Limited, Buxom Trexim Private Limited, Shyam Sunder Parasrampuria, Manoj Parasrampuria and Manish Parasrampuria are the main promoters of the company. Currently, the promoters hold 100% shares of the company, which is expected to decrease to approximately 73.58%.

Board Members:
Mr. Manoj Parasrampuria serves as the Chairman and Managing Director, while Mr. Abhishek Parasrampuria is the Chief Financial Officer. The management team is described as well-qualified and experienced, contributing to the company’s operational strengths.