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Shri Kanha Stainless Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on July 10, 2025 to raise funds through Initial Public Offer (IPO).
Shri Kanha Stainless Ltd. IPO is a Fixed Price Issue
The equity shares are proposed to be listed on the NSE SME. Kreo Capital Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Shri Kanha Stainless IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,50,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,04,40,000 shares |
| Share Holding Post Issue | 1,55,90,000 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Jul 10, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in July 2015, Shri Kanha Stainless Limited specializes in the manufacturing of precision stainless steel cold rolled strips, offering a wide variety of thin and ultra-thin options to cater to diverse industrial needs.
The company's products are used across industries like textiles, automotive, chemicals, and in applications such as flexible and capillary tubes, clocks, watches, and electrical equipment.
The company produces stainless steel coils in 200, 300, and 400 series, with thicknesses from 0.08 mm to 2.00 mm. Slitting starts from 5 mm, available in hard and soft tempers based on customer needs. With a capacity of 14,000 MTPA, our plant meets volume and quality standards.
The company's product portfolio includes the following:
The company 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 company's manufacturing unit is situated in Sikar. Rajasthan.
Competitive Strength:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 106.13 | 80.25 | 57.03 |
| Total Income | 146.39 | 131.00 | 136.47 |
| Profit After Tax | 5.79 | 2.60 | 0.72 |
| EBITDA | 13.38 | 8.24 | 4.36 |
| Net Worth | 12.16 | 6.37 | 3.77 |
| Reserves and Surplus | 11.29 | 5.50 | 2.90 |
| Total Borrowing | 50.98 | 49.94 | 40.36 |
| Amount in ₹ Crore | |||
| KPI | Values |
|---|---|
| ROE | 47.61% |
| ROCE | 18.74% |
| Debt/Equity | 4.19 |
| RoNW | 47.61% |
| PAT Margin | 3.98% |
| EBITDA Margin | 9.17% |
The Company Shri Kanha Stainless IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Upgradation of existing manufacturing facility by installation of 1150 mm 4- Hi AGC Reversible Rolling Machine | 12.00 |
| 2 | Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company | 18.00 |
| 3 | Funding of Working Capital Requirement of the Company | 5.48 |
| 4 | General corporate purposes |
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/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Shri Kanha Stainless IPO is a SME IPO of 51,50,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Shri Kanha Stainless IPO open and close dates are not available as of now.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shri Kanha Stainless IPO using UPI as a payment gateway. Zerodha customers can apply in Shri Kanha Stainless IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shri Kanha Stainless IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shri Kanha Stainless IPO dates are not announced. Please check back again after some time.
Shri Kanha Stainless IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shri Kanha Stainless IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shri Kanha Stainless IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shri Kanha Stainless IPO allotment status.
The Shri Kanha Stainless IPO listing date is not yet announced. The tentative date of Shri Kanha Stainless IPO listing is [.].
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