Investor’s Brief: What to Expect from Shri Hare Krishna Sponge Iron IPO

India’s iron ore production has been climbing in recent years. In FY 2024-25, it touched 289 million metric tons. This 4.3% growth in its production shows the capacity of the sector. 

Shri Hare Krishna has been making sponge iron for years and is well-rooted in this space. It’s now coming up with its IPO, giving an opportunity to investors to become a part of this growing sector. If you’ve been tracking steel and construction-related industries, this is one worth checking out!

The lead manager of the Shri Hare Krishna Sponge Iron IPO is HEM Securities. The registrar for its issue is Kfin Technologies Limited.

See the DRHP for more Shri Hare Krishna Sponge Iron IPO details. 

Note: For 50% of the shares, the anchor lock-in period expires 30 days following the actual allocation, and for the remaining part, it ends 90 days later.

Shri Hare Krishna Sponge Iron IPO: Company Profile

The company has partnered with strong brands in its field, adding to its trust factor. Here’s what makes this IPO worth a look.

Exploring the Shri Hare Krishna Sponge Iron IPO

Find the latest IPO pricing, date, financials and other information about the Shri Hare Krishna Sponge Iron right here.

• Shri Hare Krishna Sponge Iron IPO Date

Here’s the official schedule of the Shri Hare Krishna Sponge Iron IPO.

• Shri Hare Krishna Sponge Iron IPO size

The total issue size is now available. Check it here.

• Objectives of the offer

See how the Shri Hare Krishna company will use the funds and support the next phase of growth.

• Other takeaways from the Shri Hare Krishna Sponge Iron IPO share price

A few key points to help you know the Shri Hare Krishna Sponge Iron IPO price. 

• Categorisation of different investors

The IPO splits the bidding across various investor categories. This will help understand how retail, HNI, and other investors can take part.

Allotted shares of this IPO will reach your demat account. You can open a new demat account quickly with top Indian brokers if you don't have one yet. Click here to apply.

Shri Hare Krishna Sponge Iron IPO details: Key Financials

Here’s a look at Shri Hare Krishna Sponge Iron’s recent performance.

Key Financial Metrics 

Strengths and risks

Get more Shri Hare Krishna Sponge Iron IPO details by understanding the positives and the risks.

Strengths

• The company has been working closely with many customers for years.

• Their production happens in-house to give them better control over timelines and product quality.

• It has a trained leadership team for stable business decisions.

• They follow strict checks during manufacturing.

Risks

• The business focuses only on sponge iron and this limits its spread across other segments.

• A large part of business comes from a few clients and there are no long-term contracts.

• Dependence on limited suppliers for raw materials means prices and availability can create problems.

• Some legal issues are still pending against the promoters and the company.

Should you apply for the Shri Hare Krishna Sponge Iron  IPO?

Shri Hare Krishna Sponge Iron is heading to the market with its IPO. The company has handled sponge iron and iron ore manufacturing since 2003. But before applying to its IPO, it’s wise to get a clear Shri Hare Krishna Sponge Iron IPO review. 

Click here to begin with the Shri Hare Krishna Sponge Iron IPO application.