Shri Hare-Krishna Sponge Iron IPO is a book-built issue IPO, aiming to raise ₹28.39 crore. It is an entirely a fresh issue of 48.12 lakh shares. The bidding window was open from June 24, 2025, to June 26, 2025, with the IPO allotment to be finalised tomorrow on June 27, 2025. Shri Hare-Krishna Sponge Iron is scheduled to list on NSE SME on July 1, 2025.
The IPO was priced at a range of ₹56 – ₹59 per share with a lot size of 2000 shares. The public issue received bids for 2,30,76,000 shares against 33,72,000 shares available, resulting in an overall subscription of 6.84 times. QIBs led the response, subscribing 10.97 times their quota, followed by NIIs at 10.09 times.
● Go to the application status page.
● Select "Equity and SME IPO bids".
● Choose "Shri Hare-Krishna Sponge Iron" from the Issue Name dropdown.
● Provide your Application Number or PAN.
● Click on Submit.
● Go to the application status page.
● Select "Equity" under the Issue Type.
● Choose "Shri Hare-Krishna Sponge Iron" from the Issue Name dropdown.
● Provide your Application Number or PAN.
● Click on “I am not a robot” and submit.
● Go to the registrar’s official website.
● Select "Shri Hare-Krishna Sponge Iron" from the company list.
● Enter your Client ID, Application Number, or PAN.
● Click on Submit.
Shri Hare-Krishna Sponge Iron' ₹28.39 crore IPO, priced between ₹56 – ₹59 per share, was subscribed 6.84 times overall. The IPO is an entirely a fresh issue of 48.12 lakh shares. Bidding took place from June 24 to June 26, 2025, with the Shri Hare-Krishna Sponge Iron IPO allotment status on June 27, 2025. Retail investors subscribed 3.10 and NIIs 10.09 times. Listing is expected on July 1, 2025.
The table below breaks down the Shri Hare-Krishna Sponge Iron share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
Investor Category | Shares Offered |
Market Maker Shares Offered | 2,58,000 (4.84%) |
Anchor Investor Shares Offered | 14,40,000 (27.03%) |
QIB (Ex. Anchor) Shares Offered | 9,62,000 (18.06%) |
NII (HNI) Shares Offered | 7,24,000 (13.59%) |
Retail Shares Offered | 16,86,000 (31.64%) |
Total Shares Offered | 53,28,000 (100.00%) |
Data Source: NSE
Category | Subscription (times) |
Qualified Institutional Buyers | 10.97 |
Non-Institutional Investors | 10.09 |
Retail Individual Investors | 3.10 |
Total shares | 6.84 |
Note: The subscription details are as of June 26, 2025
Shri Hare-Krishna Sponge Iron Limited, established in 2003, is involved in manufacturing and selling sponge iron, a key raw material used in steel production through electric arc and induction furnaces. The company supplies sponge iron to steel producers in specific regions and operates from a manufacturing unit located in Siltara, Raipur, Chhattisgarh.
Spread over 13.45 acres, the facility has an annual production capacity of 30,000 metric tonnes. The plant benefits from a strategic location with easy access to essential raw materials such as iron ore, pellets, coal, and dolomite, available locally, helping reduce transportation and procurement costs.
The company reported revenue of ₹8,047 lakh for FY 2025, with sponge iron contributing 95.67% to the revenue. Due to rising power costs, operations related to mild steel ingots and other steel products were paused in 2020.
To overcome this, the company plans to install a captive power plant, which will support consistent and cost-effective production. Shri Hare-Krishna Sponge Iron Limited holds ISO certifications for quality, environment, and occupational safety.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 26, 2025, 7:21 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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