Latest news with #HTSyndication
India Gazette
9 hours ago
- Business
- India Gazette
Shri Hare-Krishna Sponge Iron Limited launches 29.91 crore IPO
HT Syndication New Delhi [India], June 20: 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. 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. 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. 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 LimitedFlat No. 2-D, 2nd Floor, Tower No. 1, Alcove Gloria, 403/1, Dakshindari Road, VIP Road, Sreebhumi, North 24 Parganas, Kolkata - 700048 - Email: cs@ - Website: 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. (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
Business Standard
11 hours ago
- Business
- Business Standard
Shri Hare-Krishna Sponge Iron Limited launches ₹29.91 crore IPO
HT Syndication New Delhi [India], June 20: 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. 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. 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. 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@ - Website: 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.
Business Standard
3 days ago
- Health
- Business Standard
Frutas de Chile Launches a Health Focused Campaign in India to Promote Kiwifruit from Chile
HT Syndication New Delhi [India], June 17: Chile is globally recognised for its premium-quality produce, thanks to its unique climate and geographical diversity. Among its celebrated exports, Chilean Kiwifruit stands out not only for its exceptional taste but also for its powerful nutritional benefits. To raise awareness about the health advantages of this superfruit and establish a deeper connection with Indian consumers, Frutas de Chile has launched a dedicated promotional campaign across India, 'The Power of Vitamin C, Fresh from Chile!' celebrating both taste and nutrition of Chilean kiwifruits. Known as one of the most nutrient-dense fruits, Chilean Kiwi is a powerhouse of essential vitamins and minerals. It is especially rich in vitamin C, dietary fiber, actinidin, potassium, and folate. Just one serving provides a remarkable 117% of the recommended daily intake of vitamin C and 21% of dietary fiber. It is also a good source of potassium and vitamin E, making it a smart and wholesome addition to daily diets. Talking about the health benefits, Rima Rao, dietitian and nutritionist, said "Chilean kiwi is a smart choice for those looking to support digestive health naturally. Its rich fiber content and the enzyme actinidin help improve digestion, support gut health, and may even aid in better blood sugar regulation." "One bite of a ripe Chilean kiwi gives you more vitamin C than an orange and more potassium than a banana, that's nature's multivitamin!" added Rao. Carlos Cruzat, President of the Chilean Kiwifruit Committee said "We are truly delighted with the overwhelming response to Chilean Kiwifruit in India. Health-conscious Indian consumers have embraced the fruit for its exceptional quality, great taste, and nutritional value. Our campaign is focused on deepening this connection and bringing the fruit closer to consumers across the country." Sumit Saran, In-Country Market Representative of Chilean Kiwis, said, "Consumers in India are constantly looking for fruits that builds their immunity. Through various activities and campaigns, we aim to increase awareness about health, taste and versatility of Chilean kiwifruits. Chile, a country in South America is one of the largest producers of premium kiwifruits in the world.' "With strong support from our trade and retail partners, we're making Chilean Kiwifruit available in more cities across the country. And with Chile's preferential trade agreement with India, it's also become more affordable for Indian consumers, added Cruzat." Chilean Kiwifruits will be widely available across India for the next three months. Consumers can easily purchase them from local fruit stores or online through leading e-commerce and q-commerce platforms.
Business Standard
3 days ago
- Business
- Business Standard
Panda Connect Launches to Fix a 'Broken' System, Proving a Chair Has Better Odds Than a Bollywood Star on Mainstream Apps
HT Syndication New Delhi [India], June 17: A new connections app, Panda, launched this month to fundamentally challenge today's broken and exploitative online platforms. The app introduces industry-first features like a strictly maintained 50/50 male-to-female ratio and "Panda Duos" for group connections, directly addressing the skewed and isolating environment found elsewhere. Panda was born from the realisation that the current system is "completely off its hinges". This was famously demonstrated by an experiment where a chair given a female profile attracted over 100 likes on a major app, while a male friend--now a Bollywood star--received zero in the same period. The app is built on the principle of fostering genuine, conversation-based relationships and aims to "harken back to the days when relationships weren't a game of super likes and premium accounts, but good conversation". "It turns out that in today's connections world, an inanimate object with a female profile has roughly 500 times better odds than a literal Bollywood-bound model," said founder Zoraver Mehta, a lawyer and classical jazz musician. "That's not just a bad date; that's a system completely off its hinges. We figured it was time to build something that actually works". Panda has already attracted over 10,000 members, 95% of whom are Gen Z , and is the fastest-growing app in its active regions. A New Philosophy for Connection * No Paid Features, No Games: Panda rejects the "pay to win" model. The platform does not commoditise connections and has no super-likes or premium gold and platinum memberships. * A Balanced and Safe Community: Beyond being the only app to maintain a 50/50 gender ratio, it is also the only Aadhar-verified application, using government ID to create the safest possible online experience for its members. * No Secret Algorithms: The app does not use secret "desirability scores" to rank users and incentivize payment. The PANDA Smart AI recommends connections based on a user's application, ideas, and ambitions, not their reception by others. Features for Genuine Connection * Panda Duos: An industry-first feature where the "PANDA Smart AI" helps two sets of best friends match with each other to make for a "fun dinner party". * AI-Powered Compatibility: The app integrates Myer-Briggs personality tests, powered by its Smart AI, to help nurture compatibility among its members. * Authenticity First: Panda is designed for "passionate, motivated, ambitious" people who don't want to waste their time. On Panda, no user--male or female--uses AI to generate their first move, a feature that is intentionally blocked to encourage real, original conversation. Panda was created for a discerning user who seeks to connect with like-minded partners, friends, and gym buddies based on shared tastes and intentions. By focusing on user well-being, security, and trust, Panda is building a community where members can be appreciated for their originality.
India Gazette
3 days ago
- Business
- India Gazette
Panda Connect Launches to Fix a 'Broken' System, Proving a Chair Has Better Odds Than a Bollywood Star on Mainstream Apps
HT Syndication New Delhi [India], June 17: A new connections app, Panda, launched this month to fundamentally challenge today's broken and exploitative online platforms. The app introduces industry-first features like a strictly maintained 50/50 male-to-female ratio and 'Panda Duos' for group connections, directly addressing the skewed and isolating environment found elsewhere. Panda was born from the realisation that the current system is 'completely off its hinges'. This was famously demonstrated by an experiment where a chair given a female profile attracted over 100 likes on a major app, while a male friend--now a Bollywood star--received zero in the same period. The app is built on the principle of fostering genuine, conversation-based relationships and aims to 'harken back to the days when relationships weren't a game of super likes and premium accounts, but good conversation'. 'It turns out that in today's connections world, an inanimate object with a female profile has roughly 500 times better odds than a literal Bollywood-bound model,' said founder Zoraver Mehta, a lawyer and classical jazz musician. 'That's not just a bad date; that's a system completely off its hinges. We figured it was time to build something that actually works'. Panda has already attracted over 10,000 members, 95% of whom are Gen Z , and is the fastest-growing app in its active regions. A New Philosophy for Connection * No Paid Features, No Games: Panda rejects the 'pay to win' model. The platform does not commoditise connections and has no super-likes or premium gold and platinum memberships.* A Balanced and Safe Community: Beyond being the only app to maintain a 50/50 gender ratio, it is also the only Aadhar-verified application, using government ID to create the safest possible online experience for its members.* No Secret Algorithms: The app does not use secret 'desirability scores' to rank users and incentivize payment. The PANDA Smart AI recommends connections based on a user's application, ideas, and ambitions, not their reception by others. Features for Genuine Connection * Panda Duos: An industry-first feature where the 'PANDA Smart AI' helps two sets of best friends match with each other to make for a 'fun dinner party'.* AI-Powered Compatibility: The app integrates Myer-Briggs personality tests, powered by its Smart AI, to help nurture compatibility among its members.* Authenticity First: Panda is designed for 'passionate, motivated, ambitious' people who don't want to waste their time. On Panda, no user--male or female--uses AI to generate their first move, a feature that is intentionally blocked to encourage real, original conversation. Panda was created for a discerning user who seeks to connect with like-minded partners, friends, and gym buddies based on shared tastes and intentions. By focusing on user well-being, security, and trust, Panda is building a community where members can be appreciated for their originality. Panda is now available for download on the App Store and Google Play. iOS: Android: (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
