Comparison between Exim Routes IPO and Shri Kanha Stainless IPO.
Exim Routes IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shri Kanha Stainless IPO is a SME Fixed Price proposed to list at NSE SME.
| Exim Routes IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Kreo Capital Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MAS Services Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Exim Routes IPO is up to ₹41.54 Cr whereas the issue size of the Shri Kanha Stainless IPO is up to ₹43.95 Cr. The final issue price of Exim Routes IPO is ₹88.00 per share and of Shri Kanha Stainless IPO is ₹90.00 per share.
| Exim Routes IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹83.00 per share | |
| Issue Price (Upper) | ₹88.00 per share | |
| Issue Price (Final) | ₹88.00 per share | ₹90.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1600 shares |
| Fresh Issue Size | 47,20,000 shares | 48,83,200 shares |
| Fresh Issue Size (Amount) | up to ₹41.54 Cr | up to ₹43.95 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,20,000 shares | 48,83,200 shares |
| Issue Size Total (Amount) | up to ₹41.54 Cr | up to ₹43.95 Cr |
Exim Routes IPO opens on Dec 12, 2025, while Shri Kanha Stainless IPO opens on Dec 03, 2025. The closing date of Exim Routes IPO and Shri Kanha Stainless IPO is Dec 16, 2025, and Dec 05, 2025, respectively.
| Exim Routes IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| Anchor Bid Date | Dec 11, 2025 | |
| Issue Open | Dec 12, 2025 | Dec 03, 2025 |
| Issue Close | Dec 16, 2025 | Dec 05, 2025 |
| Basis Of Allotment (Tentative) | Dec 17, 2025 | Dec 08, 2025 |
| Initiation of Refunds (Tentative) | Dec 18, 2025 | Dec 09, 2025 |
| Credit of Share (Tentative) | Dec 18, 2025 | Dec 09, 2025 |
| Listing date (Tentative) | Dec 19, 2025 | Dec 10, 2025 |
| Anchor Lockin End date 1 | Jan 16, 2026 | |
| Anchor Lockin End date 2 | Mar 17, 2026 |
Exim Routes IPO P/E ratio is 16.04, as compared to Shri Kanha Stainless IPO P/E ratio of 16.23.
| Exim Routes IPO | Shri Kanha Stainless IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Exim Routes Ltd.'s revenue increased by 67% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Shri Kanha Stainless Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 122% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 71.35 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 52.44 | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.04 | 16.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹165.02 Cr. | ₹140.24 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 53.14% | 47.61% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.53% | 19.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.20 | 4.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.49 | ₹5.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 42.28% | 47.61% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Exim Routes IPO Retail Individual Investors (RII) are offered 16,57,600 shares while in Shri Kanha Stainless IPO retail investors are offered 16,57,600 shares. Qualified Institutional Buyers (QIB) are offered 9,40,800 shares in Exim Routes IPO and 0 shares in Shri Kanha Stainless IPO.
| Exim Routes IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,11,200 shares | 0 shares |
| Market Maker Reservation | 2,49,600 shares | 2,59,200 shares |
| QIB | 9,40,800 shares | 0 shares |
| NII | 7,10,400 shares | 24,41,600 shares |
| RII | 16,57,600 shares | 24,41,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,20,000 shares | 48,83,200 shares |
Exim Routes IPO subscribed 15.23x in total, whereas Shri Kanha Stainless IPO subscribed 2.81x.
| Exim Routes IPO | Shri Kanha Stainless IPO | |
|---|---|---|
| QIB (times) | 19.11x | |
| NII (times) | 22.43x | 0.61x |
| Big NII (times) | 27.73x | |
| Small NII (times) | 12.02x | |
| RII (times) | 9.94x | 4.91x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.23x | 2.81x |
