Shri Kanha Stainless IPO
Shri Kanha Stainless IPO
Overview
Shri Kanha Stainless IPO is a fixed price issue of ₹46.28 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹46.28 crore. Shri Kanha Stainless IPO opens for subscription on Dec 3, 2025 and closes on Dec 5, 2025. The allotment for the Shri Kanha Stainless IPO is expected to be finalized on Dec 8, 2025. Shri Kanha Stainless IPO will list on NSE SME with a tentative listing date fixed as Dec 10, 2025. Shri Kanha Stainless IPO price is ₹90.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,88,000.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹4,32,000. Kreo Capital Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Total Shares
51,42,400
Issue Size
₹46.28 Cr
Price Band
₹90 – ₹90
Lot Size
1600 shares
Min. Investment
₹2,88,000
Max. Investment
₹2,88,000
Open Date
03 Dec, 2025
Close Date
05 Dec, 2025
Allotment
08 Jan, 2026
Listing
10 Dec, 2025
Max. Investment
₹2,88,000
Announced
03 Dec, 2025
Opening Date
03 Dec, 2025
Closing Date
05 Dec, 2025
Basis of Allotment
08 Jan, 2026
Initiation of Refunds
09 Dec, 2025
Credit of Shares
09 Dec, 2025
Listing Date
10 Dec, 2025
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About Shri Kanha Stainless IPO
Shri Kanha Stainless IPO Share Price
Issue Breakdown
Shareholding
Dilution: 49.3% increase in shares
Shri Kanha Stainless IPO Promoters Holding
Shri Kanha Stainless IPO Financial Health
Shri Kanha Stainless Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 122% between the financial year ending with March 31, 2025 and March 31, 2024.
Shri Kanha Stainless IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,88,000 |
| HNI (Min) | 3 | 4800 | ₹4,32,000 |
(All values in CR)
Shri Kanha Stainless IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Shri Kanha Stainless IPO Strength & Risk
Shri Kanha Stainless IPO Strength:
Manufactures precision cold-rolled stainless steel strips, sheets, and coils used across multiple industries.
Offers thin and ultra-thin stainless steel products in various grades to meet diverse client needs.
Maintains in-house quality control and industry-standard certifications supporting product reliability.
Benefits from demand across sectors such as automotive, engineering, consumer goods, and electricals.
Shows improving operational performance and growing market presence.
IPO funding supports capacity expansion, working-capital needs, and infrastructure upgrades.
Operates in a segment with consistent industrial demand and long-term application growth.
Shri Kanha Stainless IPO Risk:
Highly dependent on raw-material supplies, especially stainless steel HR coils, leading to margin volatility.
Supplier and customer concentration may affect stability if any key relationship weakens.
Sensitive to cyclicality in industries such as automotive, engineering, and industrial manufacturing.
Faces competition from domestic and global stainless steel manufacturers.
Operational disruptions due to logistics, regulatory issues, or regional factors could impact production.
SME IPO listing may have lower liquidity and higher price volatility.
Reliance on external transportation partners may pose supply-chain challenges.
Shri Kanha Stainless IPO Subscriptions Status
Shri Kanha Stainless IPO subscribed 1.26 times. The public issue subscribed 2.26 times in the individual investors category, [.] times in QIB (Ex Anchor), and 0.27 times in the NII category by December 4, 2025 12:55:01 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 2,59,200 | 2,59,200 | 2.33 |
| Non-Institutional Buyers | 0.27 | 24,41,600 | 6,48,000 | 5.83 |
| Individual Investors (IND category bidding for 2 Lots) | 2.26 | 24,41,600 | 55,13,600 | 49.62 |
| Total | 1.26 | 48,83,200 | 61,61,600 | 55.45 |
Shri Kanha Stainless IPO GMP
Shri Kanha Stainless SME IPO last GMP is ₹0, last updated Dec 4th 2025 12:01 PM. With the price band of 90.00, Shri Kanha Stainless SME IPO's estimated listing price is ₹90 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%. The lowest GMP is ₹0.00, while the highest GMP is ₹25.00.
Last updated 04 Dec, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 04 Dec, 2025 | 90 | ₹0▼ | - | ₹90 (0.00%) | - | 04 Dec, 2025 |
| 03 Dec, 2025 | 90 | ₹25 | 30400 | ₹115 (27.78%) | 40000 | 03 Dec, 2025 |
| 02 Dec, 2025 | 90 | ₹25▲ | 30400 | ₹115 (27.78%) | 40000 | 02 Dec, 2025 |
| 01 Dec, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 01 Dec, 2025 |
| 30 Nov, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 30 Nov, 2025 |
| 29 Nov, 2025 | 90 | ₹0 | - | ₹90 (0.00%) | - | 29 Nov, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Shri Kanha Stainless IPO
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Find Shri Kanha Stainless IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.