Western Overseas Study Abroad IPO...
29 Nov, 2025
Shri Kanha Stainless IPO
The Shri Kanha Stainless IPO opens for subscription for the general public on December 3, 2025. The fixed price issue will close on December 5, 2025. Allotment for the Shri Kanha Stainless IPO will get finalized on December 8, 2025 and the tentative listing date is fixed as December 10, 2025. The Market Maker of the company is Giriraj Stock Broking Pvt. Ltd., Kreo Capital Pvt. Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue.
The Shri Kanha Stainless IPO issue is purely a fresh issue of 0.51 crore shares of ₹46.28 crore.
Company Background
Shri Kanha Stainless Limited is a reputed manufacturer of precision stainless steel cold-rolled strips in India. The company is headquartered in Rajasthan and was incorporated in July 2015. Shri Kanha Stainless Limited has earned recognition for its quality-centric approach.
Shri Kanha Stainless Limited has been awarded the ISO 9001:2015 certification and has led the way in quality-oriented production. It was also nominated for the National Award for Best Businessman twice. The company provides high-quality products to a diverse range of industries in the private unlisted business while still keeping a commitment to customer satisfaction, ethical behavior and employee welfare.
Operations And Product Range
Specializing in the manufacture of a wide range of precision stainless steel cold-rolled strips in both thin and ultra-thin designs based on industry needs, the company focuses on providing a high-quality service to customers.
Shri Kanha Stainless products are also used in textiles, automotive, chemical, flexible and capillary tubes, clocks, watches and electrical equipment. There are also stainless steel water pressfitting tubes and fittings, industrial and oil & gas pipes and other specialized stainless steel components as well. Its production processes are guaranteed to be reliable and precise so that it can meet the demands of today’s industrial applications.
Revenue Channels
Primarily, Shri Kanha Stainless generates revenue through the sale of its precision stainless steel products to different industries, including automotive, textile, chemical and electrical sectors. Annualized revenue of the company stands at approximately ₹145.79 crore, with its products serving both domestic and niche export markets. The company’s revenue is generally driven by a consistent demand for high-quality stainless steel strips and components, supported by the company’s reputation for reliability and innovation.
Shri Kanha Stainless typically produces revenue through the sale of its precision stainless steel products to different industries such as automotive, textile, chemical and electrical sectors. At the current level, the company’s annual revenue is around ₹145.79 crore, as are its products for domestic and overseas markets. The company is generally profitable because the firm is reliable, well-liked by customers and the quality of the stainless steel strips and components it produces.
Management And Shareholding
The company is managed by Jai Bhagwan Agarwal, who serves as both Chairman and Managing Director. The promoter group, which includes Jai Bhagwan Agarwal, Kavita Agarwal, Shashank Agrawal and Neha Agarwal, holds full ownership of the company before its IPO, with shareholding set to adjust post-listing.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Shri Kanha Stainless IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Shri Kanha Stainless IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 3, 2025 to December 5, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,42,400 shares (aggregating up to ₹46.28 Cr) |
| Reserved for Market Maker | 2,59,200 shares (aggregating up to ₹2.33 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 48,83,200 shares (aggregating up to ₹43.95 Cr) |
| 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 |
Shri Kanha Stainless IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | December 3, 2025 |
| IPO Close Date | December 5, 2025 |
| Tentative Allotment | December 8, 2025 |
| Initiation of Refunds | December 9, 2025 |
| Credit of Shares to Demat | December 9, 2025 |
| Tentative Listing Date | December 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Friday, December 5, 2025 |
Shri Kanha Stainless IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,88,000 |
| S-HNI (Min) | 3 | 4,800 | ₹4,32,000 |
Shri Kanha Stainless IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100% |
| Promoter Holding Post Issue | 67% |
Competitive Strength:
- • Wide product range for diverse industrial applications.
- • National Award winner in the Best Entrepreneur category.
- • Strong promoter group with full ownership.
- • ISO 9001:2015 certified for quality management.
- • Consistent revenue growth and profitability.
- • Reputation for ethical standards and customer focus.
- • Experienced management team.
Shri Kanha Stainless IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 116.34 | 110.30 | 4.26 | 16.03 | 56.02 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 106.13 | 146.39 | 5.79 | 12.16 | 50.98 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 80.25 | 131.00 | 2.60 | 6.37 | 53.94 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 57.03 | 136.47 | 0.72 | 3.77 | 40.36 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | ₹140.24 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.55 | 5.46 |
| P/E (x) | 16.23 | 16.47 |
Shri Kanha Stainless IPO Objectives
The company proposes to utilize ₹12 crores on the upgradation of the existing manufacturing facility by the installation of 1150 mm 4- Hi AGC Reversible Rolling Machine, ₹18.00 crores on repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company, ₹5.48 crores on the funding Working Capital Requirement of the Company and ₹5.00 crores on general corporate purposes.
Conclusion
The Shri Kanha Stainless IPO opens for subscription for the general public on December 3, 2025. The fixed price issue will close on December 5, 2025. The Shri Kanha Stainless IPO issue is purely a fresh issue of 0.51 crore shares of ₹46.28 crore.
Shri Kanha Stainless Limited is a reputed manufacturer of precision stainless steel cold-rolled strips in India. The company is headquartered in Rajasthan and was incorporated in July 2015. Shri Kanha Stainless Limited has earned recognition for its quality-centric approach and holds ISO 9001:2015 certification.
Primarily, Shri Kanha Stainless generates revenue through the sale of its precision stainless steel products to different industries, including automotive, textile, chemical and electrical sectors. Annualized revenue of the company stands at approximately ₹145.79 crore, with its products serving both domestic and niche export markets.
RHP:
DRHP:
Read more :
Frequently asked Questions (FAQs )
-
Q1: When does the Shri Kanha Stainless IPO open and close?
The Shri Kanha Stainless IPO opens for subscription for the general public on December 3, 2025. The fixed price issue will close on December 5, 2025.
-
Q2: What is the total size of the Shri Kanha Stainless IPO?
The Shri Kanha Stainless IPO issue is purely a fresh issue of 0.51 crore shares of ₹46.28 crore.
-
Q3: Where will the Shri Kanha Stainless IPO be listed?
The Shri Kanha Stainless IPO would get listed on the NSE SME.
-
Q4: What are the primary objectives for Shri Kanha Stainless IPO proceeds?
The Shri Kanha Stainless The company proposes to utilize ₹12 crores on the upgradation of the existing manufacturing facility by the installation of 1150 mm 4- Hi AGC Reversible Rolling Machine, ₹18.00 crores on repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company, ₹5.48 crores on the funding Working Capital Requirement of the Company and ₹5.00 crores on general corporate purposes.
.jpg)
