Shri Kanha Stainless IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 90 – 90
Lot Size
1600
Issue Size
₹46.28 Cr
Minimum Investment
₹288000 (3200 Shares)
Listing Date
10 December 2025
Subscription
2.83x
About the Company
Shri Kanha Stainless Limited, incorporated in July 2015, is engaged in the manufacturing of precision stainless-steel cold-rolled strips, offering a wide range of thin and ultra-thin variants tailored to diverse industrial applications.
The company’s products are widely used across sectors such as textiles, automotive, chemicals, and in specialized applications including flexible and capillary tubes, clocks and watches, and electrical equipment.
Shri Kanha Stainless Limited manufactures stainless-steel coils in the 200, 300, and 400 series, with thickness options ranging from 0.08 mm to 2.00 mm. Slitting is available from 5 mm onwards, and products are offered in both hard and soft tempers as per customer requirements. The company has an installed manufacturing capacity of 14,000 MTPA.
Product Portfolio
- Precision Cold-Rolled Stainless-Steel Strips
- Stainless-Steel Circles
- Stainless-Steel Sheets
Certifications
The company is accredited with:
- ISO 9001:2015
- ISI Certification 15997:2012 for Low Nickel Austenitic Stainless-Steel Sheets for utensils and appliances
- IS 5522:2014
- IS 6911:2017 for stainless-steel sheets, strips, and plates
Manufacturing Facility
The company’s production unit is located in Sikar, Rajasthan.
Order Book
As of November 25, 2025, Shri Kanha Stainless Limited holds an order book of ₹1,273.49 lakhs.
Promoters
- Mr. Jai Bhagwan Agarwal
- Mrs. Kavita Agarwal
- Mr. Shashank Agrawal
- Ms. Neha Agarwal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
67.00%
Objects of the Issue
The Company Shri Kanha Stainless IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Upgradation of existing manufacturing facility by installation of 1150 mm 4- Hi AGC Reversible Rolling Machine
- Repayment/Pre-payment in part of certain secured and unsecured borrowing availed by our company
- Funding of working capital requirement of our company
- General Corporate Purpose
Address / Contact Info
Shri Kanha Stainless Ltd.
Plot No. 70-B
Unit No. 401-402, 4th Floor
Trimurty Prime Tower, Nirwaroo Road, Jhotwara,
Jaipur, Rajasthan, 302012
Phone: +91 925 704 3976
Email: info@kanhastainless.com
Website: https://www.kanhastainless.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 03 December 2025
IPO Close Date
Friday, 05 December 2025
Basis of Allotment
Monday, 08 December 2025
Initiation of Refunds
Tuesday, 09 December 2025
Credit of Shares to Demat
Tuesday, 09 December 2025
Listing Date
Wednesday, 10 December 2025 — NSE & BSE
Important Dates
Open Date
03 December 2025
Close Date
05 December 2025
Basis Of Allotment
08 December 2025
Listing Date
10 December 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 116.34 | 106.13 | 80.25 | 57.03 |
| Revenue | 110.3 | 146.39 | 131 | 136.47 |
| Profit After Tax | 4.26 | 5.79 | 2.6 | 0.72 |
| Net Worth | 16.03 | 12.16 | 6.37 | 3.77 |
| Reserve & Surplus | 5.59 | 11.29 | 5.5 | 2.9 |
| Total Borrowings | 56.02 | 50.98 | 53.94 | 40.36 |
EPS Pre
5.55%
EPS Post
5.46%
P/E Pre
16.23
P/E (Post Issue)
16.47x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 47.61 | 40.85 | 19.11 |
| ROCE % | 19.2 | 13.22 | 7.37 |
| Debt / Equity | 4.19 | 8.47 | 10.71 |
| RoNW % | 47.61 | 40.85 | 19.11 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 3.97 | 2 | 0.53 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 2441600 | 50 | 0 |
| Retail Investors | 2441600 | 50 | 0 |
| Total | 4883200 | 100 | 0 |
Subscription Status ( Fri, 05 Dec 25 01:46 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 222400 | 0x |
| Non-Institutional | 2441600 | 1580800 | 0.65x |
| Retail Investors | 2441600 | 12012800 | 4.92x |
| Total | 4883200 | 13816000 | 2.83x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Shri Kanha Stainless Ltd | 10 | 16.23 | 5.55 | 5.55 | 47.61 | 11.65 |
| Hisar Metal Industries Ltd | 10 | 35.09 | 5.89 | 5.89 | 9.00 | 116.00 |
| Quality Foils (India) Ltd | 10 | 15.30 | 4.97 | 4.97 | 4.00 | 106.00 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 288,000.00 |
| Retail (Max) | 2 | 3,200 | 288,000.00 |
| S-HNI (Min) | 3 | 4,800 | 432,000.00 |
Book Running Lead Managers
- Kreo Capital Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shri Kanha Stainless IPO is a Fixed price IPO worth ₹46.28 crores. The price band is ₹90 to 90 per share. The IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025. It will be listed on BSE and NSE. Mas Services Limited is the registrar.
The Shri Kanha Stainless IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025
Shri Kanha Stainless IPO Price Band is ₹90 to 90.
Shri Kanha Stainless IPO lot size is 1600, and the minimum amount required for application is ₹288000.
The minimum investment for Shri Kanha Stainless IPO is approximately ₹288000 based on the upper price band.
To apply for the Shri Kanha Stainless IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Dec 5, 2025. After submission, funds are blocked until the basis of allotment of Shri Kanha Stainless IPO is finalised.
Shri Kanha Stainless IPO issue size is ₹46.28 crores.
Shri Kanha Stainless IPO allotment date is Sat, Jun 27, 2026.
The registrar for Shri Kanha Stainless IPO is Mas Services Limited. Investors can go to Mas Services Limited website for IPO allotment status, refund processing, and other queries related to Shri Kanha Stainless IPO through their official website or helpline.