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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Shri Hare-Krishna Sponge Iron Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹59
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,18,000
Issue Size
₹29.91 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.03%
QIB Quota
49.92%
NII Quota
15.05%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.58%
Issue Type
Book Building - SME
ISIN
INE0NON01025
Our Company is primarily engaged in the business of manufacturing and selling of Sponge Iron. Sponge Iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through our sponge iron business, we cater to the metallic requirements of steel producers in selected geographies. Our manufacturing facility is located in Siltara - Raipur, Chhattisgarh and is spread across an area of around 13.45 acres of land with an annual production capacity of 30,000 metric tonnes.
India's iron ore production is estimated to stand at 257.85 MT in FY23, while it stood at 253.97 MT in FY22 - a sharp increase of 23% compared with 205.04 MT in FY21. In 2022-23, exports of iron ore stood at US$ 1.75 billion as compared to US$ 3.18 billion in 2021- 22. In FY24 (until January 2024), the production of crude steel and finished steel stood at 118 MT and 114 MT respectively. In FY23, India produced about 193.16 MT of crude steel, while finished steel production stood at 89.55 MT. In April 2024, crude steel production in India stood at 11.9 MT. In April 2024, finished steel production stood at 11.2 MT. Steel Authority of India Limited (SAIL), achieved the best-ever annual production during the financial year 2022-23. The company recorded 18.289 million tonnes (MT) of crude steel production with a growth of 5.3% over the previous best. In FY24, SAIL's crude steel production stood at 19.23 MT and saleable steel production was 18.4 MT. Moreover, capacity increased to 142.2 million tonnes (MT) in FY20, and the figure is anticipated to rise to 300 MT by 2030-31.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of upto 50,70,000 equity shares of face value of Rs. 10/- each (the "equity shares") of Shri Hare-Krishna Sponge Iron Limited ("the company" or "Shksil" or "the issuer") at an issue price of Rs. 59 per equity share for cash, aggregating up to Rs. 29.91 crores ("public issue") out of which 2,58,000 equity shares of face value of Rs.10 each, at an issue price of Rs. 59 per equity share for cash, aggregating Rs. 1.52 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The public issue less market maker reservation portion i.e. issue of 48,12,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 59 per equity share for cash, aggregating upto Rs. 28.39 crores is herein after referred to as the "net issue". the public issue and net issue will constitute 26.42% and 25.07% respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was originally incorporated as private limited company under the name of "Shri Hare-Krishna Sponge Iron Private Limited" on May 02, 2003 under the provisions of Companies Act, 1956 with the Registrar of Companies, West Bengal, bearing CIN No. U27109WB2003PTC096152. Further, the name of our company was changed from "Shri Hare-Krishna Sponge Iron Private Limited" to "Shri Hare-Krishna Sponge Iron Limited" pursuant to a fresh certificate of incorporation issued by the Registrar of Companies, West Bengal on June 20, 2007 bearing CIN U27109WB2003PLC096152.
wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.