Shri Hare-Krishna Sponge Iron Limited
- Minimum Investment₹1,12,000
- Price Range₹56 - ₹59
- Issue Size₹29.91 Cr
- Lot Size2000 shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Funding of capital expenditure requirements of the company towards setup of Captive Power Plant in Raipur
General corporate purposes
Strengths & Weaknesses of Shri Hare-Krishna Sponge Iron Limited
In-house manufacturing facility
The company’s manufacturing unit is strategically located near local mines in Raipur, ensuring easy road access and abundant availability of key raw materials like coal, iron ore, and dolomite. This proximity reduces logistics costs and enables cost-efficient procurement, supporting economies of scale
Stringent quality control
The company emphasizes the quality of raw materials, as it directly impacts the final product and kiln efficiency. To ensure this, it has set up an in-house testing lab at its sponge iron unit, equipped with advanced tools to assess raw material quality
Client relationship
The company supplies sponge iron mainly to steel manufacturers in Maharashtra, Chhattisgarh, and Madhya Pradesh. Though it does not rely on long-term contracts, it has built strong, long-standing customer relationships, which help ensure repeat business and offer a competitive edge in attracting new clients
Energy cost volatility
The viability of the Steel Division depends heavily on power and fuel costs. Any energy price volatility may cause financial strain, potentially leading to temporary plant shutdowns, which have impacted past revenues and could affect future performance
Expansion delay risks
The company has yet to place certain orders for Plant & Machinery for its captive power plant. Delays in procurement may postpone implementation timelines and increase setup costs
Non-compliance risks
The company has faced instances of non-compliance in secretarial or regulatory filings related to past corporate actions. These may lead to regulatory actions or penalties, adversely impacting its business, finances, and reputation
Financials
Earnings Per Share
No Data
Balance Sheet
| Particulars (In Cr) | Y/Y Change | |
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| Total Current Assets | -- | |
| Total Non-Current Assets | -- | |
| Fixed assets | -- | |
| Total assets | -- | |
| Total Current Liabilities | -- | |
| Total Non-Current Liabilities | -- | |
| Total Capital Plus Liabilities | -- | |
| Total Shareholder Funds | -- | |
| Total Debt to Equity | -- |
Cash Flow
| Particulars (In Cr) | Y/Y Change | |
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| Cash from Operating Activity | -- | |
| Cash from Financing Activities | -- | |
| Cash from Investing Activities | -- | |
| Net Cash Flow | -- |
About Shri Hare-Krishna Sponge Iron Limited
- PromoterManoj Parasrampuria
- PromoterAnubhav Parsrampuria
- PromoterManish Parasrampuria
- PromoterAnita Tradelinks Private Limited
- PromoterBuxom Trexim Private Limited
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