IPO

Shri Kanha Stainless Limited IPO

NSE SME

Listed On: Dec 10, 2025 at ₹ 88.0

₹ 288000 /3200 Shares
*Min Investment

Check Allotment

03 Dec, 2025

Open Date

05 Dec, 2025

Close Date

08 Dec, 2025

Allotment Date

10 Dec, 2025

Listing Date
Shri Kanha Stainless IPO Live Subscription Details
View Subscription Details
Individual 4.91x
NIIs 0.63x
Individual 4.91x
Total 2.82x
Last updated: 05 Dec 2025, 05:57 PM
Shri Kanha Stainless IPO Issue Details
  • Issue Price ₹90 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 51,42,400 shares(aggregating up to ₹46.28 crore)
  • Fresh Share 51,42,400 shares(aggregating up to ₹46.28 crore)
  • Listing at NSE SME
  • List Price 88.0
  • Listing Date 2025-12-10
  • Lead Manager Kreo Capital Pvt.Ltd
  • Registrar MAS Services Limited
Market Lot Size

Investors can bid for a minimum of 3200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 3200 ₹2,88,000
Individual(max) 2 3200 ₹2,88,000
SHNI(min) 3 4800 ₹4,32,000
Shri Kanha Stainless IPO Reservation

Shri Kanha Stainless IPO offers total 5142400 shares. Out of which NA (NA%) allocated to QIB, 2441600 (47.48%) allocated to NII,2441600 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Market Maker Shares Offered 259200 (5.04%)
NII (HNI) Shares Offered 2441600 (47.48%)
Individual Shares Offered 2441600 (47.48%)
Total Shares Offered 5142400 (100%)
Shri Kanha Stainless IPO Documents
Shri Kanha Stainless IPO Details


Shri Kanha Stainless Limited IPO is an SME IPO, priced at ₹90 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 51,42,400 equity shares, aggregating up to ₹46.28 crores..

The IPO bidding window is open from Dec 3, 2025 to Dec 5, 2025. The allotment is expected to be finalized on Dec 8, 2025, and the tentative listing date is Dec 10, 2025.

The minimum lot size for Individual investors is 3200 shares, with a minimum investment of ₹2,88,000.

Kreo Capital Pvt.Ltd is acting as the lead manager to the issue. The registrar of the IPO is MAS Services Limited, and

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Shri Kanha Stainless IPO Subscription Analysis And Details
Retail
4.91x
Total
2.82x
As on QIB / NII Individual Total
Shares Offered / Reserved 24,41,600 24,41,600 48,83,200
Day 1 03-12-25 06:00 PM
0.25 x 0.55 x 0.40 x
Day 2 04-12-25 06:00 PM
0.38 x 3.22 x 1.80 x
Day 3 05-12-25 06:00 PM
0.61 x 4.91 x 2.82 x

Total No of Applications
3,919
Subscription on the basis of Applications
Retail:4.91x BHNI:0x SHNI:0x
Shri Kanha Stainless Valuations
EPS Pre IPO ₹5.55/-
EPS Post IPO ₹5.46/-
P/E Pre IPO 16.23
P/E Post IPO 16.47
ROE 47.61%
ROCE 19.20%
Debt/Equity 4.19
RoNW 47.61%
PAT Margin 3.97%
Price to Book Value 7.73
Market Cap. 140.24 Cr.
Shri Kanha Stainless Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 116.34 106.13 80.25 57.03
Revenue 110.30 146.39 131.00 136.47
Profit After Tax 4.26 5.79 2.60 0.72
Net Worth 16.03 12.16 6.37 3.77
Reserves & Surplus 5.59 11.29 5.50 2.90
Total Borrowing 56.02 50.98 53.94 40.36
About Shri Kanha Stainless Company

Incorporated in July 2015, Shri Kanha Stainless Limited specializes in the manufacture of precision stainless steel cold-rolled strips in a wide variety of thin and ultra-thin thicknesses to cater to diverse industrial needs.

Its products are utilized in industries like textiles, automobiles, chemicals, and in applications related to flexible and capillary tubes, clocks, watches, and electrical equipment.
The company manufactures stainless steel coils in 200, 300, and 400 series, with thickness varying from 0.08 mm to 2.00 mm. Slitting starts at 5 mm, available in hard and soft tempers depending upon the customer's requirement. Production capacity: 14,000 MTPA.

The company's product portfolio consists of:
Cold Rolling of Stainless-Steel Precision Strips.
Stainless Steel Circle.
Stainless Steel Sheet.

It is accredited with ISO 9001:2015, ISI certification 15997:2012 for Low Nickel Austenitic Stainless-Steel Sheet for utensils and appliances, IS 5522:2014 and IS 6911:2017 for stainless steel sheets, strips, and plates.The manufacturing unit of the company is situated in Sikar, Rajasthan. As on Nov 25, 2025, it has an order book of Rs 1,273.49 Lakhs.

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Shri Kanha Stainless - Promoter(s)

Mr. Jai Bhagwan Agarwal

Mrs. Kavita Agarwal

Mr. Shashank Agrawal

Ms. Neha Agarwal

Pre Issue Share Holding : 100%

Post Issue Share Holding : 67%

Shri Kanha Stainless IPO - Issue Objectives
1

Upgradation of existing manufacturing facility by installation of 1150 mm 4- Hi AGC Reversible Rolling Machine

2

Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company

3

Funding of Working Capital Requirement of the Company

4

General corporate purposes

Contact Details

Shri Kanha Stainless

Plot No. 70-B Unit No. 401-402, 4th Floor Trimurty Prime Tower, Nirwaroo Road, Jhotwara, Jaipur, Rajasthan, 302012

+91 925 704 3976

info@kanhastainless.com

https://www.kanhastainless.com/

Registrar Contact Details

Mas Services Limited

(011) 2610 4142

ipo@masserv.com

https://www.masserv.com/opt.asp