Shri Kanha Stainless IPO Description – Shri Kanha Stainless is a precision manufacturer of cold-rolled stainless-steel strips, specializing in thin and ultra-thin variants tailored for diverse industrial applications. The company serves sectors such as automotive, textile, chemical, electrical, and consumer goods, with its products used in tubes, springs, heat exchangers, and surgical instruments. Equipped with a 20-Hi Rolling Mill featuring Automatic Gauge Control (AGC), the plant delivers superior tolerance and surface finish, producing coils in AISI 200, 300, and 400 series, with thicknesses from 0.08 mm to 2.00 mm and widths up to 750 mm
Its advanced infrastructure includes bright annealing lines, deburring and polishing units, and multiple slitting and cutting lines, supporting a total capacity of 14,000 MTPA. To enhance capacity by 2.5 times, the company is installing a new 1150 mm 4-Hi AGC Reversible Rolling Machine from China, backed by an advance of INR 1.98 crore. Shri Kanha Stainless produces stainless steel coils, circles, and sheets while maintaining sustainable operations through scrap recycling. As of 30 September 2025, the company employs 80 personnel.
Promoters of Shri Kanha Stainless – Jai Bhagwan Agarwal, Kavita Agarwal, Shashank Agrawal, and Neha Agarwal
Table of Contents
Shri Kanha Stainless IPO Details
| Shri Kanha Stainless IPO Dates | 3 – 5 December 2025 |
| Shri Kanha Stainless Issue Price | INR 90 per share |
| Fresh Issue | 51,42,400 shares (INR 46.28 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 51,42,400 shares (INR 46.28 crore) |
| Minimum Bid | 3,200 shares (INR 2,88,000) |
| Lot Size | 1,600 shares (INR 1,44,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 50% |
| Listing On | NSE EMERGE |
Shri Kanha Stainless Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 135.04 | 130.37 | 145.79 | 110.23 |
| Expenses | 135.52 | 127.47 | 138.70 | 104.31 |
| Net income | 0.72 | 2.60 | 5.79 | 4.26 |
Shri Kanha Stainless Offer News
- Shri Kanha Stainless RHP
- Shri Kanha Stainless Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Shri Kanha Stainless Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.69 | 2.49 | 5.55 |
| PE ratio | – | – | 16.22 |
| RONW (%) | 19.11 | 40.85 | 47.61 |
| NAV | 3.61 | 6.10 | 11.65 |
| ROCE (%) | 7.37 | 13.22 | 19.20 |
| EBITDA (%) | 3.23 | 6.32 | 9.18 |
| Debt/Equity | 10.71 | 8.47 | 4.19 |
Shri Kanha Stainless IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| 4 December 2025 | 22 | 28,500 |
| 3 December 2025 | 10 | 9,500 |
Shri Kanha Stainless IPO Subscription – Live Updates
The market maker reservation portion of 2,59,200 shares is not included in the above calculations.
Shri Kanha Stainless IPO Allotment Status
Shri Kanha Stainless IPO allotment status will be available on the MAS Services website. Click on this link to get the allotment status.
Shri Kanha Stainless IPO Dates & Listing Performance
| IPO Opening Date | 3 December 2025 |
| IPO Closing Date | 5 December 2025 |
| Finalization of Basis of Allotment | 8 December 2025 |
| Initiation of refunds | 9 December 2025 |
| Transfer of shares to demat accounts | 9 December 2025 |
| IPO Listing Date | 10 December 2025 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Shri Kanha Stainless Offer Lead Manager
KREO CAPITAL PRIVATE LIMITED
2nd Floor, VCA Complex, Near Gate No. 08,
Civil Lines, Sadar Bazar, Nagpur – 440001
Phone: 0712-2997550/ 0712-2997551
Email: [email protected]
Website: www.kreocapital.com
Shri Kanha Stainless Offer Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II, New Delhi- 110020
Tel: 011-26387281-83, 011-41320335
E-mail: [email protected]
Website: www.masserv.com
Shri Kanha Stainless Contact Details
SHRI KANHA STAINLESS LIMITED
Plot No. 70-B, Unit No. 401-402, 4th Floor,
Trimurty Prime Tower, Nirwaroo Road,
Jhotwara, Jaipur – 302 012, Rajasthan
Phone: +91 925 704 3976
E-mail: [email protected]
Website: www.kanhastainless.com
IPO FAQs
What is the Shri Kanha Stainless offer size?
Shri Kanha Stainless offer size is INR 46.28 crores.
What is the Shri Kanha Stainless offer price band?
Shri Kanha Stainless public offer price is INR 90 per share.
What is the lot size of the Shri Kanha Stainless IPO?
Shri Kanha Stainless offer lot size is 1,600 shares.
What is the Shri Kanha Stainless IPO GMP today?
Shri Kanha Stainless IPO GMP today is INR 22 per share.
What is the Shri Kanha Stainless IPO Subject to Sauda rate today?
Shri Kanha Stainless Subject to Sauda rate today is INR 28,500 per application.