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

India Gazette

time8 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)

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

Business Standard

time11 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.

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

Economic Times

time11 hours ago

  • Business
  • Economic Times

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

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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 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 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 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 company is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 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.(Disclaimer: The above press release comes to you under an arrangement with PNN and takes no editorial responsibility for the same.).

Link Begins Production of High-Capacity Loading Ramp
Link Begins Production of High-Capacity Loading Ramp

Yahoo

time03-06-2025

  • Automotive
  • Yahoo

Link Begins Production of High-Capacity Loading Ramp

SIOUX CENTER, Iowa, June 3, 2025 /PRNewswire/ -- Link Mfg., Ltd., the leading U.S. manufacturer of lightweight folding aluminum ramps, announced today that it will begin production on its new, high-capacity LB20 Loading Ramps. Customers will be able to begin ordering the new LB20 models through certified Link Dealers as of June 3rd, 2025. "Link is eager to begin production on the high-capacity LB20 design," said Lynn Blake, senior account manager for Link Mfg. "The increased capacity of the new design will provide our customers with the ability to load and unload cargo and equipment weighing up to 2000 pounds, enhancing all aspects of their workflows." In February, Link publicized that they would be introducing a high-capacity loading ramp to maximize load width in cargo vans. Each LB20 ramp features a steel deck mounting plate and a durable extruded high-strength aluminum ribbed surface. Additionally, each 47 by 126-inch and 51 by 126-inch LB20 ramp feature adjustable, fold down legs for stability. For lift assistance while deploying and stowing the ramp, Link included two pull-style, gas-spring-assist lifting mechanisms to reduce exertion and lifting force required by individuals. All models feature Link's wheel kit, allowing ramps to deploy and retract smoothly on a wide variety of surface angles and materials. The 47-126 is designed for Mercedes Sprinter Cargo Vans, while the 51-126 is designed for Ford Transit and Ram Promaster Cargo Vans. "Link is committed to providing safety-focused loading solutions," said Blake. "The 47-inch-wide and 51-inch-wide ramps were designed in response to customer requests for a wider ramp to accommodate transporting larger equipment in a cargo or parcel vehicle." The LB20 47-126 and 51-126 ramps offer Link's highest available load capacity. The ramps are designed and tested to accommodate equipment for a variety of business sectors including landscaping, lawn care, commercial cleaning services, deliveries, audiovisuals, HVAC, construction, and more. The LB20 ramp can be ordered through Link's nationwide network of Ramp dealers. For more information on Link ramps or to find a dealer, please call (800) 222-6283 or visit About Link Mfg., Ltd. Link develops and manufactures a variety of ramps for the specialty vehicle market. Link Mfg., Ltd., is an IATF 16949– and ISO 14001: 2015 (EMS)–certified company whose primary products include cab, auxiliary and chassis suspensions, and air suspension management technologies. Link also designs other products to enhance productivity of commercial vehicles. Media contact: info@ View original content to download multimedia: SOURCE Link Manufacturing, Ltd.

Promega Madison Achieves ISO 14001 Certification for Environmental Management
Promega Madison Achieves ISO 14001 Certification for Environmental Management

Business Wire

time06-05-2025

  • Business
  • Business Wire

Promega Madison Achieves ISO 14001 Certification for Environmental Management

MADISON, Wis.--(BUSINESS WIRE)-- Promega Corporation announced today that its headquarters in Madison, Wisconsin has achieved ISO 14001:2015 certification, an internationally recognized standard for environmental management systems. This certification reflects the biotechnology manufacturer's longstanding commitment to environmental stewardship and sustainability. 'This certification embodies the effort we have invested in fostering a culture of environmental responsibility, ensuring environmental compliance and promoting continual improvement across our operations.' Share 'For more than 45 years, Promega has been dedicated to environmental management and sustainable practices within the life sciences industry,' says Jaime Dwight, Director, Environmental Health & Safety and Controlled Substances. 'This certification embodies the effort we have invested in fostering a culture of environmental responsibility, ensuring environmental compliance and promoting continual improvement across our operations.' Promega announced the certification in its 2025 Corporate Responsibility Report, published today on the company's website. In addition to sustainability metrics, the report captures how Promega supports scientists, employees and communities. ISO 14001:2015 Certification ISO 14001:2015 is an internationally recognized standard for environmental management systems. It provides a framework for organizations to identify, manage, monitor and improve their environmental performance. The standard helps businesses reduce waste, comply with regulations and minimize their environmental impact while enhancing sustainability efforts. To achieve this certification, Promega demonstrated a strong environmental management system including adherence to environmental compliance requirements, mitigating environmental impact of our operations, and leadership commitment to sustainable best practices. A thorough review by independent auditors confirmed the company's efforts in these areas. Examples of Promega environmental initiatives include: Innovative product design that incorporates green chemistry and ambient shipping stability A global commitment to sourcing 100% renewable electricity by the end of 2025 Employee-driven programs such as plastic film collection and recycling On-site composting to support the company garden using food and landscaping waste 2025 Corporate Responsibility Report Since 2008, Promega has issued an annual Corporate Responsibility Report detailing its progress in sustainability, product impact, employee well-being and community engagement. Highlights of this year's report include: Supporting Young Scientists: The Promega Rising Researchers Scientific Innovation Awards honor exceptional PhD students around the world with resources, mentorship and a visit to Promega Madison. Giving Back to Communities: The Promega in Action initiative gives Madison-based employees the opportunity to receive up to 40 hours of paid time off to volunteer for a nonprofit organization of their choice. Investing in Research and Innovation: Promega invested 13.8% of its revenue in R&D in 2024, propelling advancements in drug discovery, bioluminescence imaging and cellular metabolism. The 2025 Corporate Responsibility Report contains additional information on how Promega considers the United Nations Sustainable Development Goals (SDGs) in its practices and actions. here. About Promega Corporation Promega Corporation is a leader in providing innovative solutions and technical support to the life sciences industry. The company's portfolio of over 4,000 products supports a range of life science work across areas such as cell biology; DNA, RNA and protein analysis; drug development; human identification and molecular diagnostics. These tools and technologies have grown in their application over the last 45 years and are used today by scientists and technicians in labs for academic and government research, forensics, pharmaceuticals, clinical diagnostics and veterinary, agricultural and environmental testing. Promega is headquartered in Madison, WI, USA with branches in 16 countries and over 50 global distributors. Learn more at

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