- NEGATIVE
Annual Revenue Shri HareKrishna Sponge Iron Mar-2026 Annual Revenue is Rs 70 Cr which is growth of -16.4% YoY.
- NEGATIVE
Annual Net Profit Shri HareKrishna Sponge Iron Mar-2026 Annual Net Profit is Rs 6 Cr which is growth of -32.6% YoY.
Shri Hare-Krishna Sponge Iron was incorporated on May 02, 2003. The company is primarily engaged in manufacturing and selling sponge iron, which is mainly used as a raw material in electric arc and induction furnaces for steel production. It supplies sponge iron to steel producers in specific regions
| Bidding Dates |
|---|
| 24 Jun 2025 - 26 Jun 2025 |
| Subscription |
|---|
| 6.43x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹112,000 | 1 | 1 | 2000 | 5.1 M | ₹56 - ₹59 | 73.58 % | ₹283.9 M - ₹299.1 M | RHP DOC |
Shri HareKrishna Sponge Iron IPO SUBSCRIPTION STATUS
26 Jun '25Total6.43x
Retail Individual Investor4.11x
HNI (NII) Investors13.88x
Qualified Institutional Buyers5.81x
Shri HareKrishna Sponge Iron IPO overall subscription rate was 6.43 times the total available shares
Shri HareKrishna Sponge Iron IPO retail subscription rate was 4.11 times in the retail segment
Shri HareKrishna Sponge Iron IPO non-institutional investor subscription rate was 13.88 times in the non-institutional investor category
Shri HareKrishna Sponge Iron IPO Qualified Institutional Bidder subscription rate was 5.81 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Jun 2025 (Day 3) | 4.11x | 13.88x | 5.81x |
25 Jun 2025 (Day 2) | 0.72x | 2.59x | 0.93x |
24 Jun 2025 (Day 1) | 0.33x | 0.22x | 0.93x |
Shri HareKrishna Sponge Iron FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 9.2 | 80.5 | 12.9 | 12.7 | 13.4% |
| FY24 | 10.2 | 82.3 | 1.4 | -5.1 | 14.7% |
| FY23 | 10.5 | 94.3 | 23.3 | 22.7 | 14.8% |
Shri HareKrishna Sponge Iron IPO SUBSCRIPTION STATUS DETAILS
Shri HareKrishna Sponge Iron had 5.1 M shares on offer
Shri HareKrishna Sponge Iron IPO offer price was in the range ₹56 - ₹59
Shri HareKrishna Sponge Iron IPO minimum Investment was ₹112000
Shri HareKrishna Sponge Iron IPO issue size was ₹ 283.9 M - ₹ 299.1 M
Shri HareKrishna Sponge Iron had a minimum lot size of 2000 Shares per application
Shri HareKrishna Sponge Iron NUMBER OF SHARES ON OFFER
Total5.1 M
Fresh Issue5.1 M
Offer for Sale0
Post Issue Promoter Holding %73.58 %
Shri HareKrishna Sponge Iron IPO IMPORTANT DATES
| Issue Open Date | 24 Jun 2025 |
| Issue close Date | 26 Jun 2025 |
| Allotment Date | 27 Jun 2025 |
| Refund Date | 30 Jun 2025 |
| Demat Account Credit Date | 30 Jun 2025 |
| Listing Date | 01 Jul 2025 |
| Listing on Exchange(s) | NSE |
| Shri HareKrishna Sponge Iron Allotment Status | Exchange/ Registrar |
Shri HareKrishna Sponge Iron IPO subscription opened on 24 Jun 2025, and closed on 26 Jun 2025
IPO allotment for Shri HareKrishna Sponge Iron was finalized on Friday, 27 Jun 2025
IPO listing for Shri HareKrishna Sponge Iron was on NSE on Tuesday, 01 Jul 2025
Shri HareKrishna Sponge Iron IPO LISTING GAINS
| Issue Price (adjusted) | 59.0 |
| Listing Open Price | 64.8 |
| Listing Close Price | 64.5 |
| Listing Gain% | 9.8% |
| Current Gain% | -48.4% |
Shri HareKrishna Sponge Iron Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shri Hare-Krishna Sponge Iron Ltd. | 30.4 | 58.4 | 9.4 | -0.3 | 0.8 | 5.8 | 4.3 | 69.9 | -16.4 | 6.2 | -32.6 | 3.2 | -32.6 |
| JSW Steel Ltd. | 1259.6 | 308029.4 | 12.4 | 0 | 1.6 | 22.3 | 8.3 | 186718 | 10.1 | 22316 | 536.9 | 101.3 | 411.7 |
| Tata Steel Ltd. | 178.7 | 223068.2 | 20.2 | 0.1 | 0.9 | 10.6 | 3.6 | 233541.7 | 6.1 | 10793.9 | 215.6 | 8.8 | 143.1 |
| Jindal Steel Ltd. | 1085.9 | 110771.4 | 40.8 | -4.9 | 2 | 6.6 | 3.4 | 53553.1 | 7.3 | 3367.4 | 19.7 | 26.6 | -8.4 |
| Steel Authority of India (SAIL) Ltd. | 178.1 | 73564.7 | 17.2 | 0.4 | 0.7 | 5.6 | 2.5 | 111705 | 8.1 | 3372.8 | 42.2 | 10.3 | 40.8 |
| Jindal Stainless Ltd. | 751 | 61909.8 | 19.1 | 0.7 | 1.4 | 16.1 | 7.8 | 43306.1 | 9.4 | 3193.4 | 27.5 | 39.4 | 26.3 |
Annual
Balance Sheet
Ratios
Cash Flow
Shri HareKrishna Sponge Iron annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
-9.8% | 69.9 | 83.6 | 84.9 | 95.3 | ||
Operating Exp. Ann. | -9.2% | 60.1 | 69.6 | 70 | 80.2 | |
Operating Profit Ann. | -22.8% | 6.5 | 10.9 | 12.3 | 14.1 | |
OPM Ann. % | -14.3% | 9.30% | 13.00% | 14.42% | 14.78% | |
-8.7% | 61.7 | 71.2 | 71.2 | 81 | ||
EBITDA Ann. | -13.7% | 9.7 | 14 | 14.9 | 15.1 | |
EBITDA Ann. margin % | -4.2% | 13.93% | 16.74% | 17.56% | 15.83% | |
Interest Ann. | 26% | 0.4 | 0.2 | 0.2 | 0.2 | |
Depr. | 26% | 1.2 | 1.4 | 1 | 0.6 | |
PBT Ann. | -16.9% | 8.2 | 12.4 | 13.7 | 14.3 | |
Tax Ann. | -18.5% | 2 | 3.2 | 3.5 | 3.7 | |
-16.1% | 6.2 | 9.2 | 10.2 | 10.5 | ||
Net Profit Ann. | -16.1% | 6.2 | 9.2 | 10.2 | 10.5 | |
NPM Ann. % | -5.9% | 9.29% | 11.43% | 12.36% | 11.16% | |
EPS Adj. latest Ann. | -16.5% | 3.2 | 4.8 | 5.3 | 5.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-16.4%
2Y CAGR
-9.3%
3Y CAGR
-9.8%
Net Profit Ann.
1Y CHG
-32.6%
2Y CAGR
-22%
3Y CAGR
-16.1%
Operating Exp. Ann.
1Y CHG
-13.6%
2Y CAGR
-7.3%
3Y CAGR
-9.2%
Shri HareKrishna Sponge Iron INFORMATION ON IPO ISSUE
About Shri HareKrishna Sponge Iron
Shri Hare-Krishna Sponge Iron was incorporated on May 02, 2003. The company is primarily engaged in manufacturing and selling sponge iron, which is mainly used as a raw material in electric arc and induction furnaces for steel production. It supplies sponge iron to steel producers in specific regions
Object of the Issue
- Funding of capital expenditure requirements of the company towards setup of Captive Power Plant in Raipur
- General corporate purposes
Shri HareKrishna Sponge Iron - PROMOTERS
| Name |
|---|
| Manoj Parasrampuria |
| Anubhav Parsrampuria |
| Manish Parasrampuria |
| Anita Tradelinks Private Limited |
| Buxom Trexim Private Limited |
Shri HareKrishna Sponge Iron Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
Shri HareKrishna Sponge Iron Registrar to the issue
KFin Technologies Limited
shrihare.ipo@kfintech.com
Shri HareKrishna Sponge Iron Strengths
In-house manufacturing facility
The company’s manufacturing unit is strategically located near local mines in Raipur, ensuring easy road access and abundant availability of key raw materials like coal, iron ore, and dolomite. This proximity reduces logistics costs and enables cost-efficient procurement, supporting economies of scale
Strength
Stringent quality control
The company emphasizes the quality of raw materials, as it directly impacts the final product and kiln efficiency. To ensure this, it has set up an in-house testing lab at its sponge iron unit, equipped with advanced tools to assess raw material quality
Strength
Client relationship
The company supplies sponge iron mainly to steel manufacturers in Maharashtra, Chhattisgarh, and Madhya Pradesh. Though it does not rely on long-term contracts, it has built strong, long-standing customer relationships, which help ensure repeat business and offer a competitive edge in attracting new clients
Strength
Shri HareKrishna Sponge Iron Risks
Energy cost volatility
The viability of the Steel Division depends heavily on power and fuel costs. Any energy price volatility may cause financial strain, potentially leading to temporary plant shutdowns, which have impacted past revenues and could affect future performance
Risk
Expansion delay risks
The company has yet to place certain orders for Plant & Machinery for its captive power plant. Delays in procurement may postpone implementation timelines and increase setup costs
Risk
Non-compliance risks
The company has faced instances of non-compliance in secretarial or regulatory filings related to past corporate actions. These may lead to regulatory actions or penalties, adversely impacting its business, finances, and reputation
Risk
IPO FAQs
The promoters of the company are Manoj Parasrampuria, Anubhav Parsrampuria, Manish Parasrampuria, Anita Tradelinks Private Limited and Buxom Trexim Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 56.0 - 59.0.
The IPO application opens on Jun 24, 2025 and closes on Jun 26, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 118,000.0.
This IPO will be allotted on Jun 27, 2025.
The refund will be credited to your account on Jun 30, 2025.
The allotted shares will be credited to your demat on Jun 30, 2025.
Shri Hare-Krishna Sponge Iron Ltd.’s shares listed on the stock exchanges on Jul 01, 2025.