Sponge Iron IPOs

2 Sponge Iron IPOs have come to market (2024–2025), raising a combined ₹201 crore. They have averaged a +15.6% listing gain (median +21.7%), and 100% closed their debut above the issue price. The strongest debut was Vraj Iron and Steel Limited (+21.7%); the weakest was Shri Hare-Krishna Sponge Iron Limited (+9.4%).