Fixed Price IPO | ₹46 Cr | Listed at NSE SME | Wed, Dec 3, 2025 - Fri, Dec 5, 2025
Shri Kanha Stainless IPO is a fixed price issue of ₹46.28 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹46.28 crore.
Shri Kanha Stainless IPO bidding started from Dec 3, 2025 and ended on Dec 5, 2025. The allotment for Shri Kanha Stainless IPO was finalized on Dec 8, 2025. The shares got listed on NSE SME on Dec 10, 2025.
Shri Kanha Stainless IPO price is ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,88,000 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹4,32,000.
Kreo Capital Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Shri Kanha Stainless IPO DRHP for detailed Information.
IPO Open
Wed, Dec 3, 2025
IPO Close
Fri, Dec 5, 2025
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹140.24 Cr
| IPO Date | 3 to 5 Dec, 2025 |
| Listed on | Wed, Dec 10, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 51,42,400 shares (agg. up to ₹46 Cr) |
| Reserved for Market Maker | 2,59,200 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 48,83,200 shares (agg. up to ₹44 Cr) |
| Net Offered to Public | 48,83,200 shares (agg. up to ₹44 Cr) |
| Share Holding Pre Issue | 1,04,40,000 shares |
| Share Holding Post Issue | 1,55,82,400 shares |
| NSE Symbol | SHRIKANHA |
| ISIN | INE1V4601019 |
Shri Kanha Stainless IPO comprises a total issue size of 51,42,400 shares. The net offer to the public is 48,83,200 shares, after excluding 2,59,200 shares allotted on a firm basis. Of the Net offer 24,41,600 (50.00%) allocated to NII 24,41,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,41,600 | 50.00% | 47.48% |
| Retail Shares Offered | 24,41,600 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,59,200 | 5.04% | |
| Total Shares Offered | 51,42,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,88,000 |
| HNI (Min) | 3 | 4,800 | ₹4,32,000 |
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. The company has a manufacturing capacity of 14,000 MTPA.
The company's product portfolio includes the following:
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 company's manufacturing unit is situated in Sikar. Rajasthan.
As on Nov 25, 2025, it has a order book of Rs 1,273.49 Lakhs.
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 | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 116.34 | 106.13 | 80.25 | 57.03 |
| Total Income | 110.30 | 146.39 | 131.00 | 136.47 |
| Profit After Tax | 4.26 | 5.79 | 2.60 | 0.72 |
| EBITDA | 9.25 | 13.38 | 8.24 | 4.36 |
| NET Worth | 16.03 | 12.16 | 6.37 | 3.77 |
| Reserves and Surplus | 5.59 | 11.29 | 5.50 | 2.90 |
| Total Borrowing | 56.02 | 50.98 | 53.94 | 40.36 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 5.00 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 47.61% |
| ROCE | 19.20% |
| Debt/Equity | 4.19 |
| RoNW | 47.61% |
| PAT Margin | 3.97% |
| EBITDA Margin | 9.18% |
| Price to Book Value | 7.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.55 | 5.46 |
| P/E (x) | 16.23 | 16.47 |
| Promoter Holding | 100% | 67% |
| Market Cap | ₹140.24 Cr. |
The Shri Kanha Stainless IPO is subscribed 2.81 times on December 5, 2025 6:19:59 PM (Day 3). The public issue subscribed 4.91 times in the individual investors category, [.] times in the QIB category, and 0.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.61 | 24,41,600 | 15,00,800 | 0 |
| Individual Investor | 4.91 | 24,41,600 | 1,19,93,600 | 3,748 |
| Total | 2.81 | 48,83,200 | 1,37,16,800 | 3,919 |
Total Application : 3,919
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 1.00 |
| 2 | Fees of Book Running Lead Manager in any form/ name /purpose | 0.40 |
| 3 | Marketing and Selling Commission and expenses | 4.20 |
| 4 | Advertising and marketing expenses | 0.08 |
| 5 | Printing and distribution of issue stationery | 0.03 |
| 6 | Listing fees | 0.01 |
| 7 | SEBI and BSE processing fees | 0.05 |
| 8 | Other regulatory expenses | 0.02 |
| 9 | Miscellaneous | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹88.00 |
| Low | ₹83.60 |
| High | ₹88.00 |
| Last Trade | ₹83.60 |
Lead Manager Reports
Shri Kanha Stainless IPO is a SME IPO of 51,42,400 equity shares of the face value of ₹10 aggregating up to ₹46 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Dec 3, 2025, and closes on Fri, Dec 5, 2025.
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 opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025.
Shri Kanha Stainless IPO lot size is 1600, and the minimum amount required for application is ₹2,88,000, with 2 lots being the minimum application size.
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 Monday, December 8, 2025, and the allotted shares will be credited to your demat account by Tue, Dec 9, 2025. Check the Shri Kanha Stainless IPO allotment status.
The Shri Kanha Stainless IPO listing date is on Wed, Dec 10, 2025.
