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New Delhi [India], June 20: Shri Hare-Krishna Sponge Iron Limited, engaged in the manufacturing and sale of sponge iron, has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform.

• IPO opens on June 24, closes June 26

• With face value of ₹10 each, the price band is ₹56 to ₹59 per equity share

• To support capital expenditure and general corporate purposes

The IPO will open on June 24, 2025, and close on June 26, 2025, with a price band of ₹56 to ₹59 per equity share of face value ₹10 each.

The issue comprises a fresh issue of 50,70,000 equity shares, aggregating to ₹29.91 crore at the upper price band. The issue is being managed by Hem Securities Limited. KFin Technologies Limited is acting as the registrar to the issue.

The minimum application lot is 2,000 equity shares. Allocation is as follows:

• 24,02,000 shares for Qualified Institutional Buyers (QIB)

• 7,24,000 shares for Non-Institutional Investors (NII)

• 16,86,000 shares for Retail Individual Investors (RII)

• 2,58,000 shares for Market Makers

Utilization of Proceeds:

• Funding of Capital Expenditure Requirements of our Company towards set up of Captive Power Plant at Siltara-Raipur: ₹2,300 Lakhs

• General Corporate Purpose

Company Overview

Shri Hare-Krishna Sponge Iron Limited, incorporated in 2003 and based in Raipur, Chhattisgarh, operates in the sponge iron manufacturing segment. The company owns a manufacturing unit spread across 13.45 acres with an annual installed capacity of 30,000 metric tonnes. Sponge iron produced by the company is a key raw material for electric arc and induction furnace-based steel production.

The company is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified.

Financial Highlights (FY25):

• Revenue: ₹80.47 crore

• EBITDA: ₹10.78 crore (13.40%)

• PAT: ₹9.20 crore (11.43%)

• ROCE: ~15%

Leadership

• Mr. Manoj Parasrampuria, Chairman and Managing Director

• Mr. Abhishek Parasrampuria, CFO

Investor and Media Contact:

Corporate Communications – Shri Hare-Krishna Sponge Iron Limited

Flat No. 2-D, 2nd Floor, Tower No. 1, Alcove Gloria, 403/1, Dakshindari Road, VIP Road, Sreebhumi, North 24 Parganas, Kolkata – 700048

Email: **@sh*******.com

Website: www.shkraipur.com

Forward-Looking Statement:

Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Shri Hare-Krishna Sponge Iron Limited does not undertake to update these statements publicly.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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Chennai, Jun 20 (PTI) Sundaram Finance Ltd, a leading non-banking finance company, has expanded its wealth management offering 'Sundaram Wealth' with specialised service targeted at Ultra High Net Worth Individuals, High Net Worth Individuals and affluent clients, a top official said on Friday.

The expanded offering would provide comprehensive financial solutions including strategic financial planning, portfolio allocation and risk management through enhanced capabilities, the city-headquartered company said.

Commenting on the expansion of Sundaram Wealth, company Executive Vice Chairman Harsha Viji in a press release said, "Our expansion represents the natural evolution of our client relationships and our commitment to provide comprehensive financial solutions. This expansion allows us to serve our multigenerational relationships in addressing their increasingly complex wealth management needs with the same integrity and personalised service that has defined our customer centricity for over 70 years."

Sundaram Wealth would primarily target families and individuals who require sophisticated wealth management solutions beyond traditional investment products. This offering is designed to serve those who created significant wealth, as well as those who are thoughtfully and steadily building toward it, the company said.

"The formal expansion of Sundaram Wealth reflects our optimism about India's march towards a middle-income and the country's growing affluent population. We are keen to serve these customers, particularly the self-employed, and address their evolving financial needs," the company's Managing Director, Rajiv Lochan, said.

Sundaram Wealth would leverage the company's distribution business vertical Sundaram Direct which deals with the financial products of Sundaram Finance and third party entities. It has built a wealth and investments portfolio of over Rs 7,000 crore of assets under management (AUM), the company said.

This distribution infrastructure provides Sundaram Wealth with extensive product access and proven operational capabilities to deliver differentiated wealth management solutions. PTI VIJ VIJ ADB

Kolkata, Jun 20 (PTI) CRISIL Ratings in its latest report said that the ongoing conflict in the Middle East so far did not have any significant impact on global trade of Indian corporates.

However, if the uncertainties aggravate, some sectors might feel the impact, the report said.

The uncertainties have impacted global crude markets, with the Brent crude hovering in the range of USD73 to USD76 per barrel over the past one week.

During April and May, the Brent crude was hovering around USD 65 per barrel.

Any escalation of the tensions could result in further spike in oil prices, the report said, adding that this will benefit upstream oil companies and margins for the downstream refiners will get squeezed, according to the report.

It said India's direct trade with Israel and Iran, the two countries engaged in the conflict, is minuscule at less than one per cent of total trade. While India's major export to Iran is basmati rice, trade with Israel is more diversified, the report added.

Any escalation of the uncertainties in the Middle East has the potential to disrupt energy supply chains. Some of the other sectors which might feel the impact are speciality chemicals, paint, aviation and the tyre sectors. PTI dc NN

Mumbai, Jun 20 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by over 1 per cent on Friday after sliding for the past three sessions, propelled by bargain hunting in financial, telecom and tech stocks amid a correction in global crude prices.

A largely supportive trend overseas and renewed foreign capital inflows supported the domestic equities amid easing tension in the Middle East, traders said.

After a flat start, the 30-share BSE Sensex later found its mojo back and surged 1,046.30 points or 1.29 per cent to settle at 82,408.17. During the day, it jumped 1,132.62 points or 1.39 per cent to 82,494.49.

The 50-share NSE Nifty climbed 319.15 points or 1.29 per cent to 25,112.40.

"Equity indices surged as Middle East tension moderated with risk of immediate military actions reduced as US dialogue with Iran is expected to take place. The development led the crude price to correct, favouring domestic markets and boosting foreign investors’ sentiments.

"In the broader market, rapid fall in VIX index and buying was witnessed in rate sensitives and consumer-oriented sectors like Finance, Auto and Reality and in anticipation of better Q1FY26 results led by rate cuts benefits, drop in inflationary pressure and rebound in consumer spending," Vinod Nair, Head of Research, Geojit Investments Limited, said.

From the Sensex firms, Bharti Airtel, Nestle, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, Eternal and HDFC Bank were among the biggest gainers.

In contrast, Axis Bank and Maruti were the laggards.

In Asian markets, South Korea's Kospi and Hong Kong's Hang Seng settled in positive territory, while Japan's Nikkei 225 index and Shanghai's SSE Composite index ended lower.

Markets in Europe were trading higher in mid-session trade.

US markets were closed on Thursday for the Juneteenth holiday.

Global oil benchmark Brent crude dropped 1.93 per cent to USD 77.33 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 934.62 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 605.97 crore.

On Thursday, the 30-share BSE Sensex declined 82.79 points, or 0.10 per cent, to settle at 81,361.87. The Nifty dipped 18.80 points or 0.08 per cent to 24,793.25. PTI SUM SUM BAL

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New Delhi, Jun 20 (PTI) Icon Facilitators Ltd, a technical facilities management services provider, on Friday announced a price band of Rs 85-91 per share for its initial public offering (IPO) opening for subscription on June 24.

The company's maiden public issue will conclude on June 26. The bidding for anchor investors will open for a day on June 23

Icon Facilitators plans to raise Rs 19.11 crore from the IPO, comprising a fresh issue of 21 lakh equity shares. It will be listed on the BSE SME platform, it said in a statement.

The company intends to utilise Rs 16 crore of the total IPO proceeds towards working capital requirements and the remaining for general corporate purposes, according to the red herring prospectus (RHP).

Icon Facilitators primarily provides technical facilities management services, such as electrical services, captive power services, and water treatment, building management services, fire & safety equipment, and elevators, escalators operations & maintenance, among others.

The company has more than 2,000 employees as of March 31, 2025, many of them with significant technical backgrounds and domain expertise in each of the industry verticals.

On the financial front, Icon Facilitators’ revenue from operations stood at Rs 58.06 crore and posted a profit after tax of Rs 4.47 crore in the financial year 2025, compared with Rs 49.84 crore and a PAT of Rs 1.76 crore in FY24.

Khambatta Securities is the sole book-running lead manager to the issue and Maashitla Securities is the registrar to the issue. PTI SP SP

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