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Shri Hare-Krishna Sponge Iron Limited launches ?29.91 crore IPO
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....hri Hare-Krishna Sponge Iron Limited launches ?29.91 crore IPO<BR>PTI News<BR>Dated:- 20-6-2025<BR>PTI<BR>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. • IPO opens on June 24, closes June 26 • With face value of ?10 each, the pri....
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....ce 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. 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 Securit....
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....ies 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....
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....: • 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 ....
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....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 •....
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.... 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: [email protected] Website: www.shkraipur.com Forward-Looking Statemen....
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....t: 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 PTI takes no editorial responsibility for the same.). PTI PWR....
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.... PWR<BR> News - Press release - PIB ....