Shri Kanha Stainless IPO subscribed 2.81 times on the last day, while the retail quota was subscribed 4.91 times, the QIB was subscribed 0.00 times, and the NII quota was subscribed 0.61 times, respectively.
Details About Shri Kanha Stainless IPO
Shri Kanha Stainless received approval from SEBI for an IPO worth ₹46.28 crores that comprises a fresh issue of ₹46.28 crores with a face value of ₹10 each.
Moreover, the company has set up a price band between ₹90 per share.
In this IPO, a total of 3,200 shares were available in 2 lot sizes: minimum Retail and maximum Retail.
while S-HNI (Min) total of 4,800 shares in 3 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,88,000 and maximum investment.
- Small HNI (S-HNI): Minimum investment of ₹4,32,000.
Subscription duration of Shri Kanha Stainless IPO
The opening date of the Shri Kanha Stainless IPO subscription was on December 3, 2025, and the closing date of the IPO subscription was on December 5, 2025.
The basis of allotment of the IPO was on December 8, 2025, while the IPO listing has been scheduled for December 10, 2025.
Funds Deployment of This Company
- The proceeds raised from the fresh issue will be used towards the Upgradation of the existing manufacturing facility by the installation of a 1150 mm 4 Hi AGC Reversible Rolling Machine.
- A portion of the revenue will be used for the repayment/prepayment of the existing borrowings taken by the company.
- Some funds will be used for the Working Capital Requirement.
- Lastly, the remaining funds will be used for the company’s general corporate purposes.
About Shri Kanha Stainless IPO
Established in July 2015, Shri Kanha Stainless Ltd. is one of the growing companies that manufactures precision stainless steel cold-rolled strips. The firm makes stainless steel coils in 200, 300, and 400 series, from 0.08 mm to 2.00 mm thickness.
The company’s portfolio includes Cold Rolling of Stainless-Steel Precision Strips, Stainless Steel Circle, and Stainless Steel Sheet. They make 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. Its manufacturing facility is located at Sikar. Rajasthan, with a capacity of 14,000 MTPA.
Shri Kanha Stainless IPO Company Financial Report
The company reported revenue of ₹146.39 crores in 2025 against ₹131.00 crores in 2024. The company reported a profit of ₹5.79 crores in 2025 against a profit of ₹2.60 crores in 2024.
