Shri Kanha Stainless Limited Link 
Allotment
Shri Kanha Stainless IPO is a fixed-price issue with an open date of December 3, 2025, and a closing date of December 5, 2025. The company aims to raise approximately ₹46.28 crore through a fresh issue of equity shares with a face value of ₹10 each.
The issue price is fixed at ₹90 per share. The allocation is structured as 50% for retail investors and 50% for High Net-worth Individuals (HNIs), with no portion reserved for QIBs. The allotment date is December 8, 2025, and the shares are proposed to be listed on NSE on December 10, 2025.
Financial Highlights
Revenue: ₹146.39 crore in FY2025, up from ₹131.00 crore in FY2024
Profit: ₹5.79 crore in FY2025, up from ₹2.60 crore in FY2024
Based on the financial performance, Shri Kanha Stainless IPO is recommended for long-term investors.
₹90
0%
Open
₹90
HIgh - Low
₹90
Previous Close
₹90
Total Traded Value
0
52 Weeks High
₹90
52 Weeks Low
₹90
Updates On
Nov 25, 2025
IPO. Open
Dec 3, 2026
IPO. Close
Dec 5, 2026
IPO. Price
₹90.00
IPO Market price
₹140.24 Cr
IPO Details
| IPO Date | 10 Dec |
| IPO Listing Date | 10 Dec |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹90.00 |
| IPO Issue Size | 51,42,400 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,04,40,000 shares |
IPO Timeline
| IPO Open Date | 3 Dec |
| IPO Close Date | 5 Dec |
| IPO Allotment (Tentative) | 8 Dec |
| Refunds | 9 Dec |
| Credit to Demat Account | 9 Dec |
| IPO Listing Date | 10 Dec |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 24,41,600 |
| Retail Shares Offered | 24,41,600 |
IPO Lot Size
Investors can bid for a minimum of 3,200 shares, and in multiples of 1,600 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,88,000 |
| Retail (Max) | 2 | 3,200 | ₹2,88,000 |
| S-HNI (Min) | 3 | 4,800 | ₹4,32,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in July 2015, Shri Kanha Stainless Limited specializes in the manufacturing of precision stainless steel cold-rolled strips, offering a wide range of thin and ultra-thin options to meet diverse industrial requirements.
The company’s products are used across textiles, automotive, chemicals, and in applications such as flexible and capillary tubes, clocks, watches, and electrical equipment.
Shri Kanha Stainless produces stainless steel coils in the 200, 300, and 400 series, with thicknesses ranging from 0.08 mm to 2.00 mm. Slitting starts from 5 mm, available in hard and soft tempers based on customer specifications. The company has a manufacturing capacity of 14,000 MTPA.
Product Portfolio
Cold Rolled Stainless Steel Precision Strips
Stainless Steel Circles
Stainless Steel Sheets
The company is ISO 9001:2015 certified and holds ISI certifications:
IS 15997:2012 for Low Nickel Austenitic Stainless Steel Sheets for utensils and appliances
IS 5522:2014
IS 6911:2017 for stainless steel sheets, strips, and plates
The manufacturing facility is located in Sikar, Rajasthan. As of November 25, 2025, the company has an order book of ₹12.73 crore.
Competitive Strengths :
Reputed private sector manufacturer of cold-rolled stainless steel sections in India
Effective cost control and operational efficiency
Quality assurance and quality control of products
Centrally located to serve major markets such as Delhi and Mumbai
Capability to manufacture low-thickness strips down to 0.08 mm
Company Financials (Consolidated)
| Assets | 116.34 | 106.13 | 80.25 |
| Total Income | 110.3 | 146.39 | 131 |
| Profit After Tax | 4.26 | 5.79 | 2.6 |
| EBITDA | 9.25 | 13.38 | 8.24 |
| NET Worth | 16.03 | 12.16 | 6.37 |
| Reserves and Surplus | 5.59 | 11.29 | 5.5 |
| Total Borrowing | 56.02 | 50.98 | 53.94 |
Key Performance Indicator (KPI)
| ROE | 48% |
| ROCE | 19% |
| Debt/Equity | 4.19 |
| RoNW | 47.61% |
| PAT Margin | 3.97% |
| EBITDA Margin | 9.18% |
| Price to Book Value | 7.73 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 5.48 |
| 3 | To meet out the General Corporate Purposes; | 5 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
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/
Detail Registrar
IPO Registrar
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Shri Kanha Stainless IPO was an SME fixed-price issue that opened on December 3, 2025, and closed on December 5, 2025, aiming to raise ₹46.28 crore through a fresh equity issue.
The IPO was offered at a fixed price of ₹90 per share with a lot size of 1,600 shares. Retail investors had to apply for a minimum of 3,200 shares, requiring an investment of ₹2,88,000.
Shri Kanha Stainless IPO is listed on the NSE SME platform. The tentative listing date was December 10, 2025, after allotment on December 8 and demat credit on December 9.
The company plans to use IPO proceeds for upgrading manufacturing facilities, partial repayment of borrowings, meeting working capital requirements, and general corporate purposes to strengthen operations.
In FY2025, the company reported revenue of ₹146.39 crore and profit after tax of ₹5.79 crore, showing strong growth, improved profitability, and better returns compared to the previous year.
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