Shri Hare-Krishna Sponge Iron IPO GMP & Review: Apply or Avoid?

Shri Hare-Krishna Sponge Iron IPO is open for bidding on 24th June 2025. It is a bookbuilding IPO of 50.70 lakh shares and entirely a fresh issue worth ₹29.91 crores. The issue will be listed on NSE and SME on its tentative listing date, 1st July 2025. 

Shri Hare-Krishna Sponge Iron IPO Details 

Shri Hare-Krishna Sponge Iron IPO date is fixed between 24th June 2025 and 26th June 2025. The face value of Icon Facilitators Limited shares stands at ₹10 per share, and the IPO price band is fixed between ₹56 to ₹59 per share. 

Kfin Technologies Limited is the registrar of the Shri Hare-Krishna Sponge Iron IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Shri Hare-Krishna Sponge Iron IPO Share Reservation

Shri Hare-Krishna Sponge Iron IPO is a bookbuilding IPO issue of 50.70 lakh shares worth ₹29.91 crores. Shri Hare-Krishna Sponge Iron Limited shares will be listed on the NSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Shri Hare-Krishna Sponge Iron IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Shri Hare-Krishna Sponge Iron IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 23rd June 2025, Shri Hare-Krishna Sponge Iron IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹59 (59+0) on its tentative listing date, 1st July 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Shri Hare-Krishna Sponge Iron IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Shri Hare-Krishna Sponge Iron IPO Review

Check out the detailed Shri Hare-Krishna Sponge Iron IPO review for a thorough understanding of its potential to report listing gains on 1st July 2025. The Shri Hare-Krishna Sponge Iron IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Shri Hare-Krishna Sponge Iron IPO.

Shri Hare-Krishna Sponge Iron Limited’s revenue rose -1.56% from ₹84.93 crores in March 2024 to ₹83.60 crores in March 2025. Moreover, the company’s PAT increased by -9.53% from ₹10.17 crores to ₹9.20 crores. 

Shri Hare-Krishna Sponge Iron Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Shri Hare-Krishna Sponge Iron IPO for its tentative listing day, which is 1st July 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Shri Hare-Krishna Sponge Iron IPO.

The PE ratio of Shri Hare-Krishna Sponge Iron Limited shares is 9.06, and its Earnings Per Share (EPS) stands at 6.51. Thus, the Shri Hare-Krishna Sponge Iron IPO can potentially deliver gains on its tentative listing date, 1st July 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Shri Hare-Krishna Sponge Iron Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Shri Hare-Krishna Sponge Iron IPO Subscription Status

Shri Hare-Krishna Sponge Iron IPO is now open for bidding on 24th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Shri Hare-Krishna Sponge Iron IPO Subscription Status. 

About Shri Hare-Krishna Sponge Iron Limited

Shri Hare-Krishna Sponge Iron Limited was incorporated in 2003 and is engaged in the manufacturing and selling of Sponge Iron. The manufacturing facility of Shri Hare-Krishna Sponge Iron Limited holds ISO ISO 9001:2015 for quality, ISO 14001:2015 for environment, and ISO 45001:2018 for occupational safety management. Here are the major competitive strengths of Shri Hare-Krishna Sponge Iron Limited.

• In-house manufacturing facility.
• Stringent quality control mechanisms ensure standardised product quality.
• Long-standing relationship with our customers.
• Well-qualified and Experienced Management Team.

Shri Hare-Krishna Sponge Iron Limited Financials

The company’s financial analysis is essential before applying for the Shri Hare-Krishna Sponge Iron IPO. Look at the table to learn about Shri Hare-Krishna Sponge Iron Limited’s financials. 

Explanation

Shri Hare-Krishna Sponge Iron Limited’s revenue rose -1.56% from ₹84.93 crores in March 2024 to ₹83.60 crores in March 2025. Moreover, the company’s PAT increased by -9.53% from ₹10.17 crores to ₹9.20 crores. 

Shri Hare-Krishna Sponge Iron IPO Bidding Requirements

Shri Hare-Krishna Sponge Iron IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Use the lot size calculator to find how many shares you should apply!

Shri Hare-Krishna Sponge Iron IPO Promoter Holdings

Have a look at the table below to check the holdings of Shri Hare-Krishna Sponge Iron IPO Limited’s promoters: Anita Tradelinks Private Limited, Buxom Trexim Private Limited, Shyam Sunder Parasrampuria, Manoj Parasrampuria, and Manish Parasrampuria. 

Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue. 

Aim of Shri Hare-Krishna Sponge Iron IPO

The primary aim of the Shri Hare-Krishna Sponge Iron IPO is to raise ₹13.99 crores. On the other hand, Shri Hare-Krishna Sponge Iron Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for the Shri Hare-Krishna Sponge Iron IPO.

• To meet general corporate purposes. 
• To meet working capital requirements. 

Should I Invest in Shri Hare-Krishna Sponge Iron IPO?

“SHKSIL is primarily in the business of manufacturing and marketing of sponge iron. It posted de-growth in its top and bottom lines for the reported periods. It suffered heavily due to power shortage and higher power cost. It is in the process of setting up its own captive power units. However, considering fully priced offer with declining top and bottom lines, investors may skip it for now.”~Dilip Davda (Chief Editor at Chittorgarh)

Explore the pros and cons of Shri Hare-Krishna Sponge Iron IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of Shri Hare-Krishna Sponge Iron IPO

• In-house manufacturing unit. 
• Experienced and qualified management team. 

Cons of Abram Food IPO

• High lot size.
• Low market capitalisation.

How to Apply for Shri Hare-Krishna Sponge Iron IPO?

Check the steps mentioned below to apply for the Shri Hare-Krishna Sponge Iron IPO. 

• Step 1: Conduct thorough research on Shri Hare-Krishna Sponge Iron IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for one lot of 2,000 shares worth ₹1,18,000 of Shri Hare-Krishna Sponge Iron IPO.   
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Shri Hare-Krishna Sponge Iron IPO from more than one demat account to increase your allotment chances. 

How to Check Shri Hare-Krishna Sponge Iron IPO Allotment Status?

You can check for Shri Hare-Krishna Sponge Iron IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose Shri Hare-Krishna Sponge Iron IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Shri Hare-Krishna Sponge Iron IPO allotment status.

Let’s Wrap

Shri Hare-Krishna Sponge Iron IPO is a bookbuilding issue of 50.70 lakh shares worth ₹29.91 crores. The shares of Shri Hare-Krishna Sponge Iron Limited will be listed on NSE and SME on its tentative listing date of 1st July 2025. Researching Shri Hare-Krishna Sponge Iron IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Shri Hare-Krishna Sponge Iron IPO

How is the Shri Hare-Krishna Sponge Iron IPO?

Ans. Currently, on 23rd June 2025, Shri Hare-Krishna Sponge Iron IPO GMP (Grey Market Premium) stands at ₹0 (0.00% up). It indicates that the estimated listing price could be ₹59 per share.  It is a bookbuilding IPO that comprises a fresh issue of 50.70 lakh shares worth ₹29.91 crores. The face value of each share of Shri Hare-Krishna Sponge Iron Limited is ₹10. 

What is the Shri Hare-Krishna Sponge Iron IPO price?

Ans. Shri Hare-Krishna Sponge Iron IPO price band has been set between ₹56 to ₹59 per share. Retail investors can apply for a minimum of 1 lot consisting of 2,000 shares worth ₹1,18,000. Moreover, HNIs are required to bid for a minimum of 2 lots (4,000 shares) worth ₹2,36,000. 

Is the Shri Hare-Krishna Sponge Iron IPO good?

Ans. Shri Hare-Krishna Sponge Iron Limited’s revenue rose by 1.56% from ₹84.93 crores in March 2024 to ₹83.60 crores in March 2025. Moreover, the company’s PAT increased by -9.53% from ₹10.17 crores to ₹9.20 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who is the registrar of the Shri Hare-Krishna Sponge Iron IPO?

Ans. Kfin Technologies Limited is the registrar of the Shri Hare-Krishna Sponge Iron IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Shri Hare-Krishna Sponge Iron IPO allotment and refund, you can contact Kfin Technologies Limited at reachus@kfintech.com or 04067162222.

What is the issue size of the Shri Hare-Krishna Sponge Iron IPO? 

Ans. Shri Hare-Krishna Sponge Iron IPO is a bookbuilding IPO for 50.70 lakh shares worth ₹29.91 crore. Moreover, the IPO is set to open on 24th June 2025 and will be closed on 26th June 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Shri Hare-Krishna Sponge Iron IPO, download the Shri Hare-Krishna Sponge Iron IPO RHP and Shri Hare-Krishna Sponge Iron IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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