Comparison between Shri Kanha Stainless IPO and Telge Projects IPO.
Shri Kanha Stainless IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Telge Projects IPO is a SME Bookbuilding proposed to list at BSE SME.
| Shri Kanha Stainless IPO | Telge Projects IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Kreo Capital Pvt.Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | MAS Services Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Shreni Shares 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 Shri Kanha Stainless IPO is up to ₹43.95 Cr whereas the issue size of the Telge Projects IPO is up to ₹25.87 Cr. The final issue price of Shri Kanha Stainless IPO is ₹90.00 per share and of Telge Projects IPO is ₹105.00 per share.
| Shri Kanha Stainless IPO | Telge Projects IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹95.00 per share | |
| Issue Price (Upper) | ₹105.00 per share | |
| Issue Price (Final) | ₹90.00 per share | ₹105.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 48,83,200 shares | 24,63,600 shares |
| Fresh Issue Size (Amount) | up to ₹43.95 Cr | up to ₹25.87 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 | 48,83,200 shares | 24,63,600 shares |
| Issue Size Total (Amount) | up to ₹43.95 Cr | up to ₹25.87 Cr |
Shri Kanha Stainless IPO opens on Dec 03, 2025, while Telge Projects IPO opens on Sep 25, 2025. The closing date of Shri Kanha Stainless IPO and Telge Projects IPO is Dec 05, 2025, and Sep 29, 2025, respectively.
| Shri Kanha Stainless IPO | Telge Projects IPO | |
|---|---|---|
| Anchor Bid Date | Sep 24, 2025 | |
| Issue Open | Dec 03, 2025 | Sep 25, 2025 |
| Issue Close | Dec 05, 2025 | Sep 29, 2025 |
| Basis Of Allotment (Tentative) | Dec 08, 2025 | Sep 30, 2025 |
| Initiation of Refunds (Tentative) | Dec 09, 2025 | Oct 01, 2025 |
| Credit of Share (Tentative) | Dec 09, 2025 | Oct 01, 2025 |
| Listing date (Tentative) | Dec 10, 2025 | Oct 03, 2025 |
| Anchor Lockin End date 1 | Oct 29, 2025 | |
| Anchor Lockin End date 2 | Dec 28, 2025 |
Shri Kanha Stainless IPO P/E ratio is 16.23, as compared to Telge Projects IPO P/E ratio of 14.04.
| Shri Kanha Stainless IPO | Telge Projects IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Company Financials (Restated Consolidated)Telge Projects Ltd.'s revenue increased by 105% and profit after tax (PAT) rose by 103% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 97.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67 | 71.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.23 | 14.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹140.24 Cr. | ₹102.80 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 47.61% | 67.29% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 19.20% | 56.22% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 4.19 | 0.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.55 | ₹7.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 47.61% | 47.46% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Shri Kanha Stainless IPO Retail Individual Investors (RII) are offered 24,41,600 shares while in Telge Projects IPO retail investors are offered 24,41,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Shri Kanha Stainless IPO and 4,92,000 shares in Telge Projects IPO.
| Shri Kanha Stainless IPO | Telge Projects IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 7,33,200 shares |
| Market Maker Reservation | 2,59,200 shares | 1,30,800 shares |
| QIB | 0 shares | 4,92,000 shares |
| NII | 24,41,600 shares | 3,72,000 shares |
| RII | 24,41,600 shares | 8,66,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 48,83,200 shares | 24,63,600 shares |
Shri Kanha Stainless IPO subscribed 2.81x in total, whereas Telge Projects IPO subscribed 2.99x.
| Shri Kanha Stainless IPO | Telge Projects IPO | |
|---|---|---|
| QIB (times) | 5.41x | |
| NII (times) | 0.61x | 2.75x |
| Big NII (times) | 3.00x | |
| Small NII (times) | 2.26x | |
| RII (times) | 4.91x | 1.72x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.81x | 2.99x |
