Price Band
₹56 - ₹59
Lot Size
2000
Issue Size
₹29.91 Cr
GMP
N/A
Subscription
6.84x
Analyzing...
IPO Schedule
1
Open
24 Jun 2025
2
Close
26 Jun 2025
3
Allotment
-
4
Listing
1 Jul 2025
About Shri Hare-Krishna Sponge Iron
Shri Hare-Krishna Sponge Iron is an SME company involved in the manufacturing of sponge iron, a crucial raw material for steel production. The company caters to the growing demand from the steel industry, particularly in the secondary steel sector.
Key Strengths
- Established presence in the sponge iron manufacturing sector.
- Catering to a fundamental need in the steel production chain.
- Reasonable Return on Equity (ROE) of 13.33% suggests profitability.
- Attractive P/E ratio of 9.06 compared to industry peers.
- Benefits from the growth of the Indian steel industry.
Risk Factors
- •SME IPOs are inherently more volatile and carry higher risk.
- •Fluctuations in raw material prices (iron ore, coal) can impact profitability.
- •Dependence on the steel industry's performance makes it vulnerable to cyclical downturns.
Valuation Analysis
At the upper price band of ₹59, the IPO appears reasonably valued considering the P/E ratio of 9.06, however, investors should carefully assess the risks associated with SME IPOs and the cyclical nature of the steel industry before investing.
IPO Details
ExchangeNSE
SegmentSME
ISININE0NON01025
NSE SymbolSHKSIL
Face Value₹10
Lot Size2000
Issue Size₹29.91 Cr
Key Metrics
ROE13.33%
ROCE14.70%
P/E Ratio9.06
Industry P/E20
EPS6.51
PAT Margin11.43%
Debt/Equity0.15
Growth & Quality
ProfitableYes ✓
Subscription
Total0.67x
Documents
RHP not available
Key Dates
Open Date24 Jun 2025
Close Date26 Jun 2025
Listing1 Jul 2025