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.
Price Band₹90 |
Dates03 Dec - 05 Dec |
GMP₹0 (0.00%) |
Subscriptions1.81 times |
Issue Size₹46.28 Crs |
Shri Kanha Stainless IPO Objects
- Upgradation of the existing manufacturing facility by installing a 1150 mm 4-Hi AGC reversible rolling machine.
- Payment in part of certain secured & unsecured borrowing availed by the company
- Funding of working capital requirement of the company
- General Corporate Purpose
Shri Kanha Stainless IPO Details
Price Band₹90 |
Listing AtNSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹46.28 Cr (0.51 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹46.28 Cr (0.51 Cr Shares) |
Face Value₹10 per equity share |
Shri Kanha Stainless IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
3,200
2,88,000
Maximum
2
3,200
2,88,000
|
|||
| Others |
Minimum
3
4,800
4,32,000
|
|||
Shri Kanha Stainless IPO Subscription
Updated as on 04-Dec-2025 17:00:24 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| Individual Investor | 3.14 | 24,41,600 | 76,64,000 |
| Others | 0.49 | 24,41,600 | 11,87,200 |
| Total | 1.81 | 48,83,200 | 88,51,200 |
Shri Kanha Stainless IPO GMP
The estimated Grey Market Premium of Shri Kanha Stainless IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| NII | 50% of Net Offer |
| Retail | 50% of Net Offer |
| Market Maker | 259200 Eq. Shares |
Shri Kanha Stainless IPO Financials
| 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 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 9.18% |
| PAT | 3.97% |
| ROE | 47.61% |
| ROCE | 19.20% |
| PE Ratio | 16.22 |
| PB Ratio | 7.73 |
| Mkt Cap (in Crs.) | 140.24 |
- All Ratios are based on Mar 2024-25.
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Shri Kanha Stainless IPO Peer Comparision
| 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 Peer Comparision
| Particulars | Shri Kanha |
|---|---|
| Revenue from Ops (in Crs.) | 145.79 |
| PAT (In Crs.) | 5.79 |
| EPS - Basic | 5.55 |
| NAV per share | 11.65 |
| RONW | 47.61% |
| EBITDA | 9.18% |
| PAT Margin | 3.97% |
| Price to earning (PE) | 16.22 |
| Hisar Metal | Quality Foils |
|---|---|
| 244.85 | 150.85 |
| 3.18 | 1.42 |
| 5.89 | 4.97 |
| 116.00 | 106.00 |
| 9.00% | 4.00% |
| 5.40% | 4.30% |
| 1.30% | 0.30% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Jai Agarwal | 40.22% |
| Shashank Agrawal | 22.98% |
| Neha Agarwal | 11.49% |
| Kavita Agarwal | 25.28% |
| Others | 0.03% |
| Total | 100.00% |
Management Details
| Name | Designation |
|---|---|
| Jai Agarwal | Chairman & MD |
| Neha Agarwal | CFO |
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
Book Running Lead Managers (BRLMs)
Kreo Capital
Visit WebsiteRTAs
MAS Services Limited
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Shri Kanha Stainless IPO is a SME IPO having an issue size of Rs. ₹46.28 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.
Shri Kanha Stainless IPO opens on 03 Dec 25 and closes on 05 Dec 25.
The estimated Grey Market Premium of Shri Kanha Stainless IPO is ₹0 per share (0.00%).
The minimum lot size of Shri Kanha Stainless IPO is 1600 shares & the minimum application amount is Rs. 144000.
The allotment date of Shri Kanha Stainless IPO is 08 Dec 25.
The listing date of Shri Kanha Stainless IPO is 10 Dec 25.
Shri Kanha Stainless IPO is subscribed 1.81 times.
Shri Kanha Stainless IPO is priced at ₹90 - ₹90 per share.
Click the allotment link on Shri Kanha Stainless IPO page of IPO360.
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