Shri Hare-Krishna Sponge Iron came to market through an SME IPO that opened on 24 June 2025 and closed on 26 June 2025, and the shares listed on 1 July 2025 on NSE SME. The price band was ₹56 to ₹59 per share and one lot was 2000 shares, so the minimum application was ₹1,18,000. The issue size was ₹29.91 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Hem Securities Limited was the lead manager.
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Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited produces and markets Sponge Iron. Its manufacturing unit is situated in Siltara - Raipur, Chhattisgarh, on an area of 13.45 acres with an annual capacity of 30,000 metric tonnes. Its manufacturing unit is certified with ISO ISO 9001:2015 for quality, ISO 14001:2015 for environment, and ISO 45001:2018 for occupational safety management.The company markets its products in Maharashtra, Madhya Pradesh and Chhattisgarh.
As of June 30, 2024, the company employed 79 full-time employees and 24 contract employees.
As described in the offer document.
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Anita Tradelinks Private Limited, Buxom Trexim Private Limited, Shyam Sunder Parasrampuria, Manoj Parasrampuria, Manish Parasrampuria. Promoter holding 100% before the issue and 73.58% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shri Hare-Krishna Sponge Iron IPO was a ₹29.91 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹56–₹59 per share with a lot size of 2,000 shares (₹1,18,000). The IPO was open from June 24 to June 26, 2025. Shares listed on NSE SME on July 1, 2025 at ₹64.80, a 9.8% premium to the issue price of ₹59. Kfin Technologies Limited is the registrar. Hem Securities Limited is the book running lead manager.
The price band of Shri Hare-Krishna Sponge Iron IPO is ₹56 to ₹59 per share.
The lot size of Shri Hare-Krishna Sponge Iron IPO is 2000 shares.
The minimum investment for Shri Hare-Krishna Sponge Iron IPO is approximately ₹1,18,000 based on the upper price band.
The allotment date of Shri Hare-Krishna Sponge Iron IPO is Jun 27, 2025.
You can check Shri Hare-Krishna Sponge Iron IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shri Hare-Krishna Sponge Iron IPO allotment status on Rupix for quick and easy access.
₹56 to ₹59 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,18,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,18,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 June 2025 and closed on 26 June 2025.
The basis of allotment was published on 27 June 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 July 2025 on NSE SME.
The issue size was ₹29.91 crore. The fresh issue was 50,70,000 shares (aggregating up to ₹29.91 crore).