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Steel - Iron
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Emerge
Shri Hare Krishna Sponge Iron manufacturing facility is located in Siltara - Raipur, Chhattisgarh and is spread across an area of around 13.45 acres of land with an annual production capacity of 30,000 metric tonnes. The strategic location of their sponge iron manufacturing facility provides us with access to high-quality iron ore, iron ore pellets, coal and dolomite which are essential raw materials for producing sponge iron. During production of sponge iron, a solid waste is produced as a by-product called dolochar. For the Fiscal 2024, their revenue from operations stood at Rs. 8,226.63 lakhs of which revenue from sponge iron, dolochar and other items (iron ore fines, dust and waste scrap) contributed 96.53%, 1.10% and 2.37% respectively. Due to increasing power costs, their manufacturing operations for mild steel ingots, steel shots, grits, and other steel products have been temporarily shut down since 2020. Despite having a well-defined production process and all necessary machinery installed at their manufacturing unit, the economic environment has not supported sustained operations. Therefore, they are planning to install a captive power plant on their premises using proceeds from the issue. The installation of the captive power plant will enable us to resume and sustain their operations effectively.
Shri Hare Krishna Sponge Iron have been granted ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems and ISO 45001:2018 for occupational health and safety management systems. Shri Hare Krishna Sponge Iron manufacturing facility is equipped with requisite technology and infrastructure including machineries, testing laboratory other handling equipments to facilitate smooth manufacturing process. The key raw materials to produce sponge iron are iron ore/iron ore pellets, coal and dolomite. Sponge iron manufacturing is highly sensitive to raw material characteristics that would help obtain the rated capacity and the desired product quality. To ascertain the suitability of our raw materials in a rotary kiln, they have in-house testing laboratory that is responsible for conducting tests on raw materials i.e .coal, iron ore and dolomite to check their chemical and physical properties, so as to ensure that the product conform with the pre-determined standards. Currently, they sell theirproducts primarily in the state of Maharashtra, Madhya Pradesh and Chhattisgarh.
Kfin Technologies Limited
Shri Hare Krishna Sponge Iron operates in Steel - Iron and . The Issue would be listed on SME. The registrar of the Issue is Kfin Technologies Limited. The IPO type of Shri Hare Krishna Sponge Iron is Book Building Process and Object of issue is
Merchant Banker of Shri Hare Krishna Sponge Iron IPO is Hem Securities Limited
The DRHP (Draft Red Herring Prospectus) of Shri Hare Krishna Sponge Iron IPO was filed on 28 Sep 2024.
No, Shri Hare Krishna Sponge Iron IPO is not yet listed. See other upcoming SME IPOs here.
The IPO open date and IPO close date of Shri Hare Krishna Sponge Iron are not available now. You can apply in Shri Hare Krishna Sponge Iron IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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