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Shri Kanha Stainless IPO
₹1,44,000/1,600 shares
Minimum Investment
IPO Details
03 Dec 25
05 Dec 25
₹1,44,000
1,600
₹90 to ₹90
NSE
₹46.28 Cr
10 Dec 25
Open Free Demat Account
Open Free Demat Account
Shri Kanha Stainless IPO Timeline
Bidding Ends
03 Dec 25
Bidding Ends
05 Dec 25
Allotment Finalisation
08 Dec 25
Refund Initiation
09 Dec 25
Demat Transfer
09 Dec 25
Listing
10 Dec 25
Shri Kanha Stainless Limited
Incorporated in 2015, Shri Kanha Stainless Limited is a manufacturer of precision stainless steel cold rolled strips. The company produces a wide variety of thin and ultra-thin strips used in industries like textiles, automotive, and chemicals for applications such as flexible tubes and watches. With a manufacturing capacity of 14,000 MTPA, its facility is strategically located in Sikar, Rajasthan. The company holds key quality certifications including ISO 9001:2015 and relevant ISI standards, supporting its established market presence.
Shri Kanha Stainless Limited IPO Overview
The Shri Kanha Stainless Limited IPO is a fixed price issue of ₹46.28 crores, comprising a fresh issue of 51,42,400 shares. The IPO opens for subscription on December 3, 2025, and closes on December 5, 2025. The allotment is tentatively scheduled for December 8, 2025, with listing on NSE SME expected by December 10, 2025. The lot size is 1,600 shares, making the minimum investment ₹2,88,000 for retail investors. Kreo Capital Pvt. Ltd. is the book running lead manager, and MAS Services Ltd. is the registrar for the issue.
Shri Kanha Stainless Limited IPO Details
| Particulars | Details |
| IPO Date | 3 December 2025 to 5 December 2025 |
| Listing Date | 10 December 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 51,42,400 shares (aggregating up to ₹46.28 Cr) |
| Fresh Issue | 51,42,400 shares (aggregating up to ₹46.28 Cr) |
| Offer for Sale | NA |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,04,40,000 shares |
| Share Holding Post Issue | 1,55,82,400 shares |
| Market Maker Portion | 2,59,200 shares |
Shri Kanha Stainless Limited IPO Reservation
| Investor Category | Shares Offered |
| Market Maker | 2,59,200 shares (5.04%) |
| NII (HNI) | 24,41,600 shares (47.48%) |
| Retail | 24,41,600 shares (47.48%) |
Shri Kanha Stainless Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 3,200 | ₹2,88,000 |
| Retail (Max) | 2 | 3,200 | ₹2,88,000 |
| HNI (Min) | 3 | 4,800 | ₹4,32,000 |
Shri Kanha Stainless Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100.00% |
| Post-Issue | 67.00% |
Shri Kanha Stainless Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | ₹5.55 |
| Price/Earnings (P/E) Ratio | 16.23 |
| Return on Net Worth (RoNW) | 47.61% |
| Net Asset Value (NAV) | ₹11.65 |
| Debt to Equity Ratio | 4.19 |
| PAT Margin | 3.97% |
| EBITDA Margin | 9.18% |
Objectives of the Proceeds
- Upgrade manufacturing facility by installing a new rolling machine. (₹12.00 Cr)
- Repayment and pre-payment of certain secured and unsecured borrowings. (₹18.00 Cr)
- Funding the working capital requirements of the company. (₹5.48 Cr)
- Meet general corporate purposes. (₹5.00 Cr)
Key Financials (in ₹ crore)
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 116.34 | 106.13 | 80.25 |
| Total Income | 110.30 | 146.39 | 131.00 |
| Profit After Tax | 4.26 | 5.79 | 2.60 |
| Reserves and Surplus | 5.59 | 11.29 | 5.50 |
| Total Borrowings | 56.02 | 50.98 | 53.94 |
SWOT Analysis of Shri Kanha Stainless IPO
Strength and Opportunities
- Reputed manufacturer with quality certifications.
- Ability to produce ultra-thin strips.
- Strategically located manufacturing unit.
- Growing order book indicating demand.
- Expansion and modernization potential.
Risks and Threats
- High debt-to-equity ratio.
- Dependency on specific industrial demand.
- Intense competition in the steel industry.
- Raw material price volatility.
- Economic cycles affecting end-user sectors.
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About Shri Kanha Stainless Limited IPO
IPO Strengths
- Promoters have experience in the stainless steel industry.
- Reputed private sector manufacturer of cold-rolled stainless sections.
- Strategic manufacturing unit location to cater to major markets.
- Capability to manufacture low-thickness strips up to 0.08 mm.
- Diverse product portfolio used across multiple industries.
- Strong quality assurance with ISO and relevant ISI certifications.
- Effective cost control management systems.
- Healthy and growing order book position.
Peer Group Comparison
| Company Name | P/E (x) | EPS | RoNW (%) | NAV |
| Shri Kanha Stainless Limited | 16.23 | 5.55 | 47.61 | 11.65 |
| Peer Group | ||||
| Hisar Metal Industries Limited | 35.09 | 5.89 | 9.00 | 116 |
| Quality Foils (India) Limited | 15.30 | 4.97 | 4.00 | 106 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
- 1Login to your HDFC SKY Account
- 2Select Issue
- 3Enter Number of Lots and your Price.
- 4Enter UPI ID
- 5Complete Transaction on Your UPI App
FAQs On Shri Kanha Stainless Limited IPO
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