Shri Kanha Stainless IPO Details
| IPO Open Date | December 3, 2025 |
| IPO Close Date | December 5, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹90 Per Share |
| Issue Size | Approx ₹46.28 Crores |
| Fresh Issue | Approx ₹46.28 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Shri Kanha Stainless IPO Review & Key Points
- Review: Neutral
- Rating: 2
Shri Kanha Stainless IPO Market Lot
The Shri Kanha Stainless IPO minimum market lot is 3,200 shares with ₹2,88,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,88,000 |
| Retail Maximum | 2 | 3,200 | ₹2,88,000 |
| S-HNI Minimum | 3 | 4,800 | ₹4,32,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| NII Shares Offered | 24,41,600 Shares | 47.48% |
| Retail Shares Offered | 24,41,600 Shares | 47.48% |
Shri Kanha Stainless IPO Dates
The Shri Kanha Stainless IPO date is December 3 and the close date is December 5. The Shri Kanha Stainless IPO allotment will be finalized on December 8 and the IPO listing on December 10.
| IPO Open Date: | December 3, 2025 |
| IPO Close Date: | December 5, 2025 |
| Basis of Allotment: | December 8, 2025 |
| Refunds: | December 9, 2025 |
| Credit to Demat Account: | December 9, 2025 |
| IPO Listing Date: | December 10, 2025 |
| IPO Bidding Cut-off Time: | December 5, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Jai Bhagwan Agarwal, Mrs. Kavita Agarwal, Mr. Shashank Agrawal, and Ms. Neha Agarwal.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,04,40,000 | 100% |
| Promoter Holding Post Issue | 1,55,82,400 | 67% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Upgradation of existing manufacturing facility by installation of 1150 mm 4- Hi AGC Reversible Rolling Machine | ₹12.00 |
| Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company | ₹18.00 |
| Funding of Working Capital Requirement of the Company | ₹5.48 |
| General Corporate Purpose | ₹5.00 |
About Shri Kanha Stainless IPO
Shri Kanha Stainless Limited was founded in July 2015 and makes precision stainless steel cold-rolled strips. They give a wide range of thin and ultra-thin options to meet the needs of different industries, like textiles, automotive, chemicals, as well as in products such as flexible and capillary tubes, clocks, watches, and electrical equipment. The company’s portfolio includes Cold Rolling of Stainless-Steel Precision Strips, Stainless Steel Circle, and Stainless Steel Sheet.
The firm makes stainless steel coils in 200, 300, and 400 series, from 0.08 mm to 2.00 mm thickness. Moreover, the company provides products in both hard and soft tempers as per the needs of the customer. Its manufacturing facility is located at Sikar. Rajasthan, with a capacity of 14,000 MTPA. Furthermore, Shri Kanha also holds ISI certifications for its products, making them a trusted brand.
Shri Kanha Stainless IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹136.47 | ₹135.52 | ₹0.72 | ₹57.03 |
| 2024 | ₹131.00 | ₹127.47 | ₹2.60 | ₹80.25 |
| 2025 | ₹146.39 | ₹138.70 | ₹5.79 | ₹106.13 |
| September 2025 | ₹110.30 | ₹104.31 | ₹4.26 | ₹116.34 |
Shri Kanha Stainless IPO Valuation – FY2025
Check Shri Kanha Stainless IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 47.61% |
| ROCE: | 19.20% |
| EBITDA Margin: | 9.18% |
| PAT Margin: | 3.97% |
| Debt to equity ratio: | 4.19 |
| Earning Per Share (EPS): | ₹5.55 (Basic) |
| Price/Earning P/E Ratio: | 16.23 |
| Return on Net Worth (RoNW): | 47.61% |
| Net Asset Value (NAV): | ₹11.65 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Hisar Metal Industries Limited | 5.89 | 35.09 | 9% | 116.00 | – Cr. |
| Quality Foils (India) Limited | 4.97 | 15.30 | 4% | 106.00 | – Cr. |
IPO Lead Managers aka Merchant Bankers
- Kreo Capital Pvt. Ltd.
Company Address
Shri Kanha Stainless Ltd.
Plot No. 70-B
Unit No. 401-402, 4th Floor
Trimurty Prime Tower, Nirwaroo Road, Jhotwara,
Jaipur, Rajasthan, 302012
Phone: +91 925 704 3976
Email: [email protected]
Website: https://www.kanhastainless.com/
IPO Registrar
MAS Services Ltd.
Phone: (011) 2610 4142
Email: [email protected]
Website: https://www.masserv.com/opt.asp
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