Sri Kanha Stainless Share Price Lists Below Issue Price; Stock Hits Lower Circuit on Day 1

Wednesday, December 10, 2025: The shares of Sri Kanha Stainless Limited (INE1V4601019) debuted on the NSE SME Exchange today. The shares were listed at ₹88.00 which was lower than the issue price of ₹90 per share, or a 2.22% discount. 

At 12:02:41 IST, the share price of Shri Kanha Stainless Limited was recorded at ₹83.60. This reflects a decrease of ₹6.40, or 7.11%. This is also the lower circuit for the stock 

Details of the Sri Kanha Stainless IPO

Shri Kanha Stainless IPO was a fixed price issue of ₹46.28 crores. The issue was entirely a fresh issue of 0.51 crore shares of ₹46.28 crore. The IPO opened for subscription status  on December 3, 2025 and closed on December 5, 2025. The allotment for the Shri Kanha Stainless IPO was finalized on December 8, 2025. 

 Shri Kanha Stainless IPO price was set at ₹90.00 per share . The lot size for an application was 1,600. The minimum amount of investment required by an individual investor (retail) was ₹2,88,000.00 (3,200 shares) (based on upper price). Kreo Capital Pvt.Ltd. was the book running lead manager and MAS Services Ltd. was the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd.

Sri Kanha Stainless Usage of IPO Proceeds

Proceeds of the Kanha Stainless IPO are proposed to be utilised for the enhancement of the production facility (for adding 1150 mm 4 Hi AGC reversible rolling machine) (Rs 12 cr), part repayment of borrowings (Rs 18 cr), working capital (Rs 5.48 cr) and general corporate purposes (Rs 5 cr).

Sri Kanha Stainless specialises in manufacturing precision steel cold rolled strips and manufactures ultra thin and thin gauge metal sections. The company offers its output to a wide range of sectors including textiles, chemicals, and engineering goods. It has an open order book of ₹12.73 crore as of November 2025.

In the previous financial year (FY 25), the company’s total revenue reached ₹146.39 crore compared to ₹131 crore in FY24 (12% rise in the total revenue). Besides this, there was almost 122% increase in the PAT which reached ₹5.79 crore in FY25 compared to ₹2.6 crore in FY24.

Source: https://www.nseindia.com/get-quote/equity/SHRIKANHA/Shri-Kanha-Stainless-Limited

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations