Shri Hare-Krishna Sponge Iron Limited Unveils IPO on NSE Emerge

Shri Hare-Krishna Sponge Iron Limited is launching its IPO on NSE Emerge, from June 24 to 26, 2025, priced between ₹56 to ₹59 per share. The IPO aims to fund a captive power plant and other corporate purposes. The company boasts a revenue of ₹80.47 crore and significant industry certifications.

Shri Hare-Krishna Sponge Iron Limited, a significant player in the sponge iron manufacturing sector, is set to embark on its Initial Public Offering (IPO) journey, opening on June 24 and closing on June 26, 2025, on the NSE Emerge platform.

Priced between ₹56 and ₹59 per share, the offering comprises a fresh issue of 50.70 lakh equity shares, aggregating ₹29.91 crore at the upper band. The initiative aims to support the company's capital expenditure and general corporate purposes, including the setup of a captive power plant at Siltara-Raipur.

The company, established in 2003 and headquartered in Raipur, Chhattisgarh, has been recognized with ISO certifications and reported substantial financial performance with a revenue of ₹80.47 crore in FY25. It aims to continue its growth trajectory under its current leadership.

(With inputs from agencies.)