Shri Hare-Krishna Sponge Iron Ltd - IPO

Shri Hare-Krishna Sponge Iron Ltd IPO Details

Initial public offer of upto 50,70,000 equity shares of face value of Rs. 10/- each (the equity shares) of Shri Hare-Krishna Sponge Iron Limited (the company or Shksil or the issuer) at an issue price of Rs. 59 per equity share for cash, aggregating up to Rs. 29.91 crores (public issue) out of which 2,58,000 equity shares of face value of Rs.10 each, at an issue price of Rs. 59 per equity share for cash, aggregating Rs. 1.52 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of 48,12,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 59 per equity share for cash, aggregating upto Rs. 28.39 crores is herein after referred to as the net issue. the public issue and net issue will constitute 26.42% and 25.07% respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding of capital expenditure requirements of the company setup of Captive Power Plant at. General corporate purposes.

Shri Hare-Krishna Sponge Iron Ltd Contact Details

Shri Hare-Krishna Sponge Iron Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@shkripur.com

Website - https:, shkraipur.com