Shri Hare-Krishna Sponge Iron Limited IPO
Business Activities
Incorporated in 2003, the company is primarily involved in manufacturing and selling sponge iron, a critical raw material for steel production. Sponge iron accounts for over 95% of its revenue. Although it previously produced mild steel ingots and allied products, these operations have been paused since 2020 due to high power costs. The company now plans to set up a captive power plant to resume full operations.
Manufacturing Facility
The company’s plant is located in Siltara, Raipur, Chhattisgarh, spread across 13.45 acres with an annual capacity of 30,000 MT. The site is strategically located near key raw materials—iron ore, coal, and dolomite—enabling cost efficiencies. An in-house lab ensures raw material and product quality through rigorous testing.
Market Presence
The company caters mainly to steel manufacturers in Maharashtra, Madhya Pradesh, and Chhattisgarh. Despite not having long-term contracts, it has built strong customer relationships due to consistent supply and product quality.
Key Strengths
i) Integrated Operations: In-house manufacturing ensures control over cost and quality.
ii) Strong Quality Control: ISO-certified processes and lab-backed testing ensure high product standards.
iii) Experienced Leadership: Promoter Mr. Manoj Parasrampuria brings 36+ years of industry experience.
iv) Client Retention: Repeat business from long-term buyers supports revenue stability.
Objects of the Shri Hare-Krishna Sponge Iron Limited IPO:
Shri Hare-Krishna Sponge Iron Limited IPO Details:
Open Date: | Jun 24 2025 |
Close Date: | Jun 26 2025 |
Total Shares: | 48,12,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 28.39 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 56-59 Per Equity Share |
Listing At: | NSE Emerge |
Promoters And Management:
Financials of Shri Hare-Krishna Sponge Iron Limited IPO:
Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 |
Revenue from Operations | 80.47 | 82.26 | 94.25 |
EBITDA | 10.78 | 12.10 | 13.96 |
EBITDA Margins | 13.40% | 14.72% | 14.82% |
PAT | 9.19 | 10.17 | 10.52 |
PAT Margins | 11.43% | 12.37% | 11.17% |
ROCE | 14.70% | 19.24% | 26.11% |
Comparison With Peers:
Companies | Revenue | EBITDA Margins | PAT Margins | D/E Ratio | MCap | P/E |
Shree Hare Krishna Sponge Iron (FY 2025) | 80.47 Cr. | 13.40% | 11.43% | 0.15 | 113.22 Cr. | 12.32 |
Vraj Iron and Steel (FY 2025) | 475 Cr. | 13% | 9.26% | 0.01 | 562 Cr. | 12.80 |
Chaman Metallics (FY 2025) | 172 Cr. | 9% | 5.81% | 3.60 | 386 Cr. | 39.50 |
Lead Manager of Shri Hare-Krishna Sponge Iron Limited IPO:
Registrar of Shri Hare-Krishna Sponge Iron Limited IPO:
Discussion on Shri Hare-Krishna Sponge Iron Limited IPO:
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