₹ 118000
₹56- ₹59
2000
₹65
10
26 Jun 2025
Download30 Jun 2025
1 Jul 2025
Application Details
Shri Hare-Krishna Sponge Iron IPO is a bookbuilding of ₹29.91 crores. The issue is entirely a fresh issue of 50.70 lakh shares.
Shri Hare-Krishna Sponge Iron IPO bidding opened for subscription on June 24, 2025 and will close on June 26, 2025. The allotment for the Shri Hare-Krishna Sponge Iron IPO is expected to be finalized on Friday, June 27, 2025. Shri Hare-Krishna Sponge Iron IPO will be list on NSE SME with a tentative listing date fixed as Tuesday, July 1, 2025.
Shri Hare-Krishna Sponge Iron IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,12,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,18,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,36,000.
About Shri Hare-Krishna Sponge Iron Limited (SME IPO)
Incorporated in May 2003, Shri Hare-Krishna Sponge Iron Limited is engaged in the manufacturing and sale of sponge iron, a vital raw material used in the production of steel through induction and electric arc furnaces. The company operates a manufacturing facility located in Siltara, Raipur, Chhattisgarh, spread across 13.45 acres with an annual production capacity of 30,000 metric tonnes.
The unit is certified with ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety standards. Shri Hare-Krishna Sponge Iron Limited primarily markets its products in Maharashtra, Madhya Pradesh, and Chhattisgarh.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.