| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹29.91 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹29.91 Cr |
| Fresh Issue | ₹28.39 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน56.00-59.00 per share |
| NSE Code | SHKSIL |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited manufactures and sells Sponge Iron.
The manufacturing unit is in Siltara - Raipur, Chhattisgarh, covering 13.45 acres with an annual capacity of 30,000 metric tonnes.
The manufacturing unit holds ISO ISO 9001:2015 for quality, ISO 14001:2015 for environment, and ISO 45001:2018 for occupational safety management.
The company sells its products in Maharashtra, Madhya Pradesh, and Chhattisgarh.
Products:
Sponge Iron: Sponge Iron is the key raw material required to manufacture steel in both induction and electric arc furnaces.
As of April 30, 2025, the company had 92 full-time employees.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding of Capital Expenditure requirements of the company towards setup of Captive Power Plant at Siltara-Raipur | 23.00 |
| 2 | General Corporate Purposes | 3.27 |
| 3 | Issue Expenses | 3.65 |
| Total | 29.91 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 93.16 | 75.74 | 58.58 |
| Total Income | 83.60 | 84.93 | 95.25 |
| Profit After Tax | 9.20 | 10.17 | 10.53 |
| EBITDA | 10.78 | 12.11 | 13.97 |
| NET Worth | 73.59 | 64.39 | 54.22 |
| Reserves and Surplus | 59.47 | 50.27 | 40.10 |
| Total Borrowing | 11.39 | 7.24 | 0.75 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 13.33% |
| ROCE | 14.70% |
| Debt / Equity | 0.15% |
| RoNW | 12.51% |
| PAT Margin | 11.43% |
| EBITDA Margin | 13.40% |
| Price to Book Value | 1.29 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 6.51 | 4.79 |
| P/E (x) | 9.06 | 12.31 |
| Promoter Holding | 100% | 73.58% |
| Market Cap | โน113.23 Cr. | |