Mumbai, July 1 -- The scrip was listed at Rs 64.80, a premium of 9.83% compared with the initial public offer (IPO) price. The stock was currently down 2.48% over its listing price.

The counter hit a high of Rs 65.75 and a low of Rs 61.60. About 19.36 lakh shares of the company changed hands at the counter.

Shri Hare-Krishna Sponge Iron's IPO was subscribed 6.42 times. The issue opened for bidding on 24 June 2025 and it closed on 26 June 2025. The price band of the IPO was set at Rs 56 to 59 per share.

The IPO comprised fresh issue of 50,70,000 shares. The promoter and promoter shareholding diluted to 73.58% from 100% pre-IPO.

The company intends to utilize the net proceeds for funding capital expenditure requirements of towards setup...