Shri Hare-Krishna Sponge Iron Limited launches ₹29.91 crore IPO

Shri Hare-Krishna Sponge Iron Limited, engaged in the manufacturing and sale of sponge iron, has announced the launch of its Initial Public Offering (
IPO
) on the NSE Emerge platform.
IPO opens on June 24, closes June 26 With
face value
of ₹10 each, the price band is ₹56 to ₹59 per
equity
share To support
capital expenditure
and general corporate purposes The IPO
will
open on June 24, 2025, and close on June 26, 2025, with a price band of ₹56 to ₹59 per equity share of face value ₹10 each.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
The issue comprises a fresh issue of 50,70,000 equity
shares
, aggregating to ₹29.91 crore at the upper price band. The issue is being managed by Hem Securities Limited.
KFin Technologies
Limited is acting as the registrar to the issue.
The minimum application lot is 2,000 equity shares. Allocation is as follows: 24,02,000 shares for Qualified Institutional Buyers (QIB) 7,24,000 shares for Non-Institutional Investors (NII) 16,86,000 shares for Retail Individual Investors (RII) 2,58,000 shares for Market Makers Utilization of Proceeds: Funding of
Capital
Expenditure Requirements of our Company towards set up of Captive Power Plant at Siltara-Raipur: ₹2,300 Lakhs General Corporate Purpose Company Overview Shri Hare-Krishna Sponge Iron Limited, incorporated in 2003 and based in Raipur, Chhattisgarh, operates in the sponge iron manufacturing segment. The company owns a manufacturing unit spread across 13.45 acres with an annual installed capacity of 30,000 metric tonnes. Sponge iron produced by the company is a key raw material for electric arc and induction furnace-based steel production.
The company is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified.
Live Events
Financial Highlights (FY25): Revenue: ₹80.47 crore EBITDA: ₹10.78 crore (13.40%) PAT: ₹9.20 crore (11.43%) ROCE: ~15% Leadership Mr. Manoj Parasrampuria, Chairman and Managing Director Mr. Abhishek Parasrampuria, CFO Investor and Media Contact: Corporate Communications - Shri Hare-Krishna Sponge Iron Limited Flat No. 2-D, 2nd Floor, Tower No. 1, Alcove Gloria, 403/1, Dakshindari Road, VIP Road, Sreebhumi, North 24 Parganas, Kolkata - 700048 Email: cs@shkraipur.com Website: www.shkraipur.com Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Shri Hare-Krishna Sponge Iron Limited does not undertake to update these statements publicly.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

33 minutes ago

• Time of India

Jeff Bezos-Lauren Sanchez wedding venue revealed, couple to tie knot at this historic Venice location

Amazon founder Jeff Bezos and his fiancée Lauren Sánchez are set to get married next week in Venice, Italy. The two will get married in a private ceremony after being engaged for two years. According to a report by Daily Mail, the couple has booked the Scuola Grande della Misericordia in Venice for their upcoming wedding celebrations. The Scuola Grande della Misericordia is one of the most prominent buildings in Venice's historic center. As per the report, it has been reserved from June 26 to 28 as part of the celebrations. While details about the actual wedding ceremony remain unconfirmed, a source told the publication that access to nearby San Giorgio Maggiore island will also be restricted during this period, with Bezos's $500 million superyacht Koru anchored offshore. Jeff Bezos' wedding guest details The wedding is expected to have fewer than 200 guests, including celebrities like Kim Kardashian, Katy Perry, Orlando Bloom, and some members of the Trump family, according to the report. Nearly 60 Venice water taxis have been booked for guest transport, along with a private boat service between the island and the yacht. Guests will stay at luxury hotels across the city, including The Aman and Hotel Cipriani. Local bakery Rosa Salva Venetia, on the other hand, will supply pastries for the weekend, though not the wedding cake. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo Jeff Bezos' wedding cost (estimated) The multi-day wedding celebration is said to cost somewhere between $15 million and $20 million, covering transportation, catering, and Sánchez's dress, which has not yet been revealed. In a 2023 interview with Vogue, Bezos said he had little to do with the planning. 'Oh, God, no. Do I look that dumb?' he said when asked about his involvement. Protest against Jeff Bezos' wedding The upcoming wedding has polarized the Venice city, with some residents protesting the event while others, including city officials, embrace it. Venice Mayor Luigi Brugnaro expressed strong support for the couple, stating, 'I want Bezos to be welcomed with open arms in Venice. Protesting against those who bring visibility and wealth to our territory is, in my opinion, a disgrace.' Brugnaro added, 'We will have to apologize to Jeff Bezos. I am ashamed of those who behave like this. I hope that Jeff Bezos comes anyway. Not all Venetians think like these protesters," he told protestors. World Music Day 2025: Tech That Changed How We Listen to Music

Time of India

33 minutes ago

• Time of India

Accenture Q3 earnings: Revenue rises 8% to $17.7 billion on Gen-AI momentum; Gen-AI revenue tops $700 million

Accenture on Friday reported an 8% year-on-year rise in revenue to $17.7 billion for the March-May quarter of FY25, supported by growing demand for AI-related services. The Ireland-headquartered IT services firm, which follows --a September-August fiscal calendar, also raised the lower end of its full--year revenue growth guidance to 6-7% in local currency from 5-7% earlier. The company's Q3 performance included a modest positive foreign exchange impact of 0.5%, it said in a statement. Accenture's gross margin for the quarter stood at 32.9%, compared with 33.4% in the same period last year. Accenture Chair and CEO Julie Sweet said, 'We continue to deliver on our strategy to be our clients' reinvention partner of choice and lead in Gen-AI,' highlighting that Gen-AI bookings for the quarter hit $1.5 billion, with revenues exceeding $700 million. Year-to-date, Accenture has secured $4.1 billion in Gen-AI bookings and generated $1.8 billion in revenue. According to the company, new bookings in Q3 totalled $19.7 billion, down 6% in US dollar terms. Of this, $9.08 billion came from consulting services and $10.62 billion from managed services. The Americas remained the largest contributor with $8.97 billion in revenue, followed by EMEA at $6.23 billion and Asia-Pacific at $2.53 billion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sanitize & Smooth Clothes Fast with Philips Steamer Philips Garment Steamers Learn More Undo Accenture said its global workforce stood at 7.9 lakh at the end of the quarter. Its data and AI employee count has reached around 75,000, and the firm aims to expand that to 80,000 by FY26. The company ended the quarter with a total cash balance of $9.6 billion and expects Q4 FY25 revenues in the range of $17 billion to $17.6 billion. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Time of India

34 minutes ago

• Time of India

Conman arrested for cheating investors in Erode district

COIMBATORE: A conman, who had been absconding for two years, was arrested by the economic offences wing police in Erode district on Friday in connection with a cheating case. The arrested man has been identified as Franklin, 50. Police said Naveenkumar, 38, of Edaiyankattuvalasu in Erode district started two companies -- Unique Exports and East Valley Agro Farms -- in 2017. He became the managing director of the two firms. Muthuselvan, an ex-serviceman from Ramanathapuram, was functioning as a partner. They promised a monthly return of Rs 18,000 as an incentive against a Rs 1 lakh deposit. Similarly, the firm offered various schemes to the investors. The general public, ex-servicemen and their families invested huge amounts in the two companies. The investors got incentives for two months. After that, the firms failed to give them incentives. Later, the companies were closed. Initially, the victims lodged a complaint with the Erode district crime branch police, who registered a case against Naveenkumar, Muthuselvan and a few others. The police arrested Naveenkumar while he was attempting to escape to Dubai from Chennai in 2023. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Confidence packed. Wrinkles left behind. Philips Garment Steamers Book Now Undo The case was transferred to the Erode economic offences wing police, who arrested Franklin from Nanjundapuram Perumal Kovil Street in Coimbatore city on Friday in connection with the case. More than 400 people have approached the police to get back their money.