Shri Kanha Stainless Limited IPO
Shri Kanha Stainless Limited IPO
SME NSE SME Fixed Price
Closed

Price Band

₹90

Total Issue

₹46 Cr

Bid Dates

03 Dec - 05 Dec

Subscription

2.78x

Listing Price

₹88 (-2.22%)

Website RHP

Valuation

Market Cap

₹140.24 Cr

P/E Ratio

16.22x

P/B Ratio

7.73x

Shri Kanha Stainless IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Shri Kanha was started by its promoters in 2015 with the vision of becoming a leading stainless steel sheet manufacturer in India, specializing in precision cold-rolled stainless steel strips. It offers a wide range of thin and ultra-thin cold-rolled strips manufactured with precise properties to meet diverse industry requirements. The company is engaged in converting HR coils into CR coils and producing coils in standard sizes and thicknesses across the 200, 300 and 400 series, ranging from 0.08 mm to 2.00 mm. Its core focus remains on being a profitable, quality-driven, value-conscious and customer-focused supplier.

Shri Kanha Stainless IPO Lot Size

Lot Information for Shri Kanha Stainless IPO
Category Lots Shares Amount
Ind (Min) 2 3,200 ₹2,88,000
Ind (Max) 2 3,200 ₹2,88,000
Others (Min) 3 4,800 ₹4,32,000
Allocate Funds
Market Maker
259200 Eq. Shares
Employee
₹0.00
Shareholder
₹0.00

Shri Kanha Stainless IPO Size

Total ₹46 Cr
Fresh Issue
₹46 Cr (0.51 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. Upgradation of the existing manufacturing facility by installing a 1150 mm 4-Hi AGC reversible rolling machine.
  2. Payment in part of certain secured & unsecured borrowing availed by the company
  3. Funding of working capital requirement of the company
  4. General Corporate Purpose

Shri Kanha Stainless IPO Live Subscription

Updated as on 05-Dec-2025 19:00:04 hrs

Category Sub (x) Offered Bids
Individual 4.92x 24,41,600 1,20,12,800
Others 0.63x 24,41,600 15,44,000
Total 2.78x 48,83,200 1,35,56,800

Shri Kanha Stainless IPO Details Live GMP

GMP ₹0
Est. Price ₹90
Est. Gain 0.00%

Shri Kanha Stainless IPO Peer Comparison

(Rs. in crores)

Shri Kanha Stainless IPO Peer Comparison Table
Particulars Shri Kanha Hisar Metal Quality Foils
Revenue from Ops (in Crs.) 145.79 244.85 150.85
PAT (In Crs.) 5.79 3.18 1.42
EPS - Basic 5.55 5.89 4.97
NAV per share 11.65 116.00 106.00
RONW 47.61% 9.00% 4.00%
EBITDA 9.18% 5.40% 4.30%
PAT Margin 3.97% 1.30% 0.30%
Price to earning (PE) 16.22 35.09 15.30

All the information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 31, 2025 for Peers

Shri Kanha Stainless IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Shri Kanha Stainless IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 110.23 145.79 130.37 135.04
PAT 4.26 5.79 2.60 0.72
Net Worth 16.03 12.16 6.37 3.77
Borrowings 56.02 50.98 53.94 40.36
Assets 116.34 106.13 80.25 57.03
NAV (₹) 15.36 11.65 6.10 3.61
EPS (₹) 4.08 5.55 2.49 0.69

Key Performance Indicators (KPIs)

EBITDA

9.18%

PAT

3.97%

ROE

47.61%

ROCE

19.20%

  • All Ratios are based on Mar 2024-25.
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

100.00%

Public

0.00%

Jai Agarwal 40.22%
Shashank Agrawal 22.98%
Neha Agarwal 11.49%
Kavita Agarwal 25.28%
Others 0.03%

Management

Jai Agarwal
Chairman & MD
Neha Agarwal
CFO

Registrar & Lead Managers

Registrar

MAS Services Limited

Lead Managers (1)

Kreo Capital

Company Details

Name: Shri Kanha Stainless Limited

Address: Plot No. 70-B, Unit No. 401-402,
4th Floor, Trimurty Prime Tower,
Nirwaroo Road, Jhotwara,
Jaipur – 302 012, Rajasthan, India.

Number: +91 925 704 3976

Email: info@kanhastainless.com

Website: www.kanhastainless.com

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Frequently Asked Questions (FAQs)

What is Shri Kanha Stainless IPO?
Shri Kanha Stainless IPO is a SME IPO having an issue size of ₹46 Crs. Shri Kanha Stainless IPO is priced at ₹90 - ₹90 per share. The issue opens on 03 Dec 25 and closes on 05 Dec 25.
When will Shri Kanha Stainless IPO open?
Shri Kanha Stainless IPO opens on 03 Dec 25 and closes on 05 Dec 25.
What is the GMP of Shri Kanha Stainless IPO?
The estimated Grey Market Premium of Shri Kanha Stainless IPO is ₹0 per share (0.00%).
What is the lot size of Shri Kanha Stainless IPO?
The minimum lot size of Shri Kanha Stainless IPO is 1600 shares & the minimum application amount is Rs. 144000.
When is the allotment of Shri Kanha Stainless IPO?
The allotment date of Shri Kanha Stainless IPO is 08 Dec 25.
What is the listing date of Shri Kanha Stainless IPO?
The listing date of Shri Kanha Stainless IPO is 10 Dec 25.
What is the subscription of Shri Kanha Stainless IPO?
Shri Kanha Stainless IPO is subscribed 2.78 times.
What is the price band of Shri Kanha Stainless IPO?
Shri Kanha Stainless IPO is priced at ₹90 - ₹90 per share.
How to check allotment status of Shri Kanha Stainless IPO?
Click the allotment link on Shri Kanha Stainless IPO page of IPO360.
How to apply Shri Kanha Stainless IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Shri Kanha Stainless IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Shri Kanha Stainless IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Shri Kanha Stainless IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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