Shri Hare-Krishna Sponge Iron Limited IPO Review
Neutral56-56 · SME
✦
Analyst Verdict
Shri Hare-Krishna Sponge Iron Limited IPO
Neutral
IPO at a Glance
Price Band
56-56
Issue Size
28cr
Opens
2025-06-22
Closes
2025-06-24
Listing
2025-06-29
Category
SME
Key Strengths
✓In-house manufacturing facility
✓Stringent quality control mechanisms ensure standardised product quality.
✓Long-standing relationship with customers.
✓Well-qualified and well-experienced management team.
Key Risks
⚠Energy price volatility affecting steel division viability
⚠Customer concentration risk without firm commitments
⚠Raw material supplier dependency and pricing volatility
⚠Single business segment dependency on sponge iron
⚠Outstanding legal proceedings against company and promoters
Frequently Asked Questions
Should I apply for Shri Hare-Krishna Sponge Iron Limited IPO?
Based on our analysis, our rating for Shri Hare-Krishna Sponge Iron Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Shri Hare-Krishna Sponge Iron Limited IPO?
Energy price volatility affecting steel division viability Customer concentration risk without firm commitments Raw material supplier dependency and pricing volatility
What are the strengths of Shri Hare-Krishna Sponge Iron Limited IPO?
In-house manufacturing facility Stringent quality control mechanisms ensure standardised product quality. Long-standing relationship with customers.
What is the price band of Shri Hare-Krishna Sponge Iron Limited IPO?
The price band for Shri Hare-Krishna Sponge Iron Limited IPO is 56-56. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more