Shri Kanha Stainless IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Industrial Equipments
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…
Open Date
Wed, 03 Dec 2025
Close Date
Fri, 05 Dec 2025
Issue Price
₹ 90
Lot Size
1600
Issue Size
₹ 46.28 Cr
Minimum Investment
₹ 288,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shri Kanha Stainless IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹46.28 Crore.
The Shri Kanha Stainless IPO remained open for subscription from December 03, 2025, to December 05, 2025. The basis of allotment was finalized on December 08, 2025, and the company's shares were listed on NSE SME Platform on December 10, 2025.
The company had fixed the price at ₹90 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹288,000 (based on the upper price band) to apply for one lot.
Mas Services Limited served as the registrar to the issue. Kreo Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Shri Kanha Stainless Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Shri Kanha Stainless IPO Timeline (Tentative)
- IPO Open Date
- Wed, 03 Dec 25
- IPO Close Date
- Fri, 05 Dec 25
- Basis of Allotment
- Mon, 08 Dec 25
- Initiation of Refunds
- Tue, 09 Dec 25
- Credit of Shares to Demat
- Tue, 09 Dec 25
- Listing Date
- Wed, 10 Dec 25 — NSE & BSE
Open Date
03 December 2025
Close Date
05 December 2025
Basis Of Allotment
08 December 2025
Listing Date
10 December 2025
IPO Subscription
Check Live Subscription →The Shri Kanha Stainless IPO has received bids for 1,38,16,000 shares against 48,83,200 shares offered, resulting in an overall subscription of 2.83x. the NII category is subscribed 0.65x, Retail Investors 4.92x, and QIBs 0x.
QIB
0x
NII
0.65x
RII
4.92x
Total
2.83x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 24,41,600 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 24,41,600 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 2,441,600 | 50% |
| Retail Investors | 2,441,600 | 50% |
| Total | 4,883,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shri Kanha Stainless Limited KPI Information
| 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 |
| Pat Margin % | 3.97 | 2 | 0.53 |
Peers Comparison
| 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 |
About Shri Kanha Stainless Limited
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.
Shri Kanha Stainless IPO 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%
Shri Kanha Stainless IPO Objective
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
Shri Kanha Stainless Limited Address / Contact Details
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
Shri Kanha Stainless IPO Lot Size
The Shri Kanha Stainless IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,88,000 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,88,000.
| 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 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Kreo Capital Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shri Kanha Stainless IPO?
Shri Kanha Stainless IPO is a Fixed price IPO with a total issue size of ₹46.28 crore. The Shri Kanha Stainless IPO price band is ₹90 to 90 per share. The Shri Kanha Stainless IPO subscription opens on Wed, Dec 3, 2025, and closes on Fri, Dec 5, 2025. The Shri Kanha Stainless IPO will be listed on the NSE. Mas Services Limited is the registrar for the Shri Kanha Stainless IPO.
When will the Shri Kanha Stainless IPO open for subscription?
The Shri Kanha Stainless IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025
What is Shri Kanha Stainless IPO Price Band?
Shri Kanha Stainless IPO Price Band is ₹90 to 90 per share.
What is Shri Kanha Stainless IPO Lot Size?
Shri Kanha Stainless IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
What is the minimum investment for Shri Kanha Stainless IPO?
The minimum investment for Shri Kanha Stainless IPO is ₹288000, based on one lot of 1600 shares at the upper price band of ₹90 per share.
How to apply for Shri Kanha Stainless IPO?
Investors can apply for the Shri Kanha Stainless IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 5, 2025. The application amount remains blocked until the Shri Kanha Stainless IPO allotment is finalized.
What is Shri Kanha Stainless IPO Issue Size?
Shri Kanha Stainless IPO issue size is ₹46.28 crores.
What is the Shri Kanha Stainless IPO Allotment Date?
Shri Kanha Stainless IPO allotment date is Mon, Dec 8, 2025.
Who is the Shri Kanha Stainless IPO Registrar?
The registrar for Shri Kanha Stainless IPO is Mas Services Limited. Investors can go to Mas Services Limited website to check Shri Kanha Stainless IPO allotment status, refund processing, and other IPO-related information.
Who is the Shri Kanha Stainless IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shri Kanha Stainless IPO are Kreo Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shri Kanha Stainless IPO Red Herring Prospectus (RHP).