Shri Kanha Stainless IPO Date, Review, Price, Allotment Details
The Shri Kanha Stainless IPO will open on December 3, 2025, and close on December 5, 2025. It is a fixed price issue, through which the company aims to raise ₹46.28 crores. This includes a fresh issue worth ₹46.28 crores, along with an offer for sale of [.] equity shares carrying a face value of ₹10 each.
The IPO price is fixed at ₹90 per share. The issue allocation includes 50% for retail investors, 0% for QIBs, and 50% for HNIs. The shares are proposed to list on the NSE on December 10, 2025, while the IPO allotment is expected to be finalized on December 8, 2025.
For FY 2025, the company reported revenue of ₹146.39 crores, up from ₹131.00 crores in FY 2024. Net profit also increased to ₹5.79 crores in 2025, compared to ₹2.60 crores in 2024. Based on the improving financial performance, the IPO appears suitable for long-term investment.
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 Market Lot
The minimum market lot for the Shri Kanha Stainless IPO is 3,200 shares, requiring an application amount of ₹2,88,000.
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 will open on December 3 and close on December 5. The allotment is scheduled to be finalized on December 8, and the shares are set to be listed 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, established in July 2015, specializes in manufacturing precision stainless steel cold-rolled strips. The company offers a wide range of thin and ultra-thin strips tailored to the requirements of industries such as textiles, automotive, chemicals, as well as products like flexible and capillary tubes, clocks, watches, and electrical equipment. Its product portfolio includes cold-rolled stainless steel precision strips, stainless steel circles, and stainless steel sheets.
The company produces stainless steel coils in the 200, 300, and 400 series, with thicknesses ranging from 0.08 mm to 2.00 mm. Products are available in both hard and soft tempers to suit specific customer requirements. Shri Kanha Stainless operates a manufacturing facility in Sikar, Rajasthan, with an annual production capacity of 14,000 MTPA. Additionally, the company’s ISI-certified products have established it as a trusted brand in the industry.
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 Earnings Per Share (EPS), Price/Earnings 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/Earnings 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: info@kanhastainless.com
Website: https://www.kanhastainless.com/
IPO Registrar
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp