IPO Schedule
1
Open
24 Jun
2
Close
26 Jun
3
Allotment
-
4
Listing
1 Jul
Shri Hare-Krishna Sponge Iron IPO
Issue:₹59
List:₹64.8
CMP:₹46.8
NSELot: 2000SME
LISTEDSME
Issue Price₹59
Listing₹64.8
Current₹46.8
Content
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.
Subscription Status
QIB
1.76x
NII
0.17x
Retail
0.26x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 10.97x | 1.76x | 1.76x |
| NII | 10.09x | 1.60x | 0.17x |
| Retail | 3.10x | 0.57x | 0.26x |
| Total | 6.84x | 1.13x | 0.67x |
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.