Shri Kanha Stainless IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 03 to Dec 05 2025
Price Band
₹90
Current GMP
₹88 (-2.22%)
Subscription
2.81 times
IPO Details
| IPO Date | Wed, Dec 3, 2025 to Fri, Dec 5, 2025 |
| Listing Date | Wed, Dec 10, 2025 |
| Face Value | ₹ 10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 51,42,400 shares (aggregating up to ₹ 46.28 Cr) |
| Reserved for Market Maker | 2,59,200 shares (aggregating up to ₹ 2.33 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 48,83,200 shares (aggregating up to ₹ 43.95 Cr) |
| Share Holding Pre Issue | 1,04,40,000 shares |
| Share Holding Post Issue | 1,55,82,400 shares |
| NSE Symbol | SHRIKANHA |
| ISIN | INE1V4601019 |
IPO Date
Wed, Dec 3, 2025 to Fri, Dec 5, 2025
Listing Date
Wed, Dec 10, 2025
Face Value
₹ 10 per share
Issue Price
₹90 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Issue Type
Fixed Price IPO
Listing At
NSE SME
Total Issue Size
51,42,400 shares (aggregating up to ₹ 46.28 Cr)
Reserved for Market Maker
2,59,200 shares (aggregating up to ₹ 2.33 Cr) Giriraj Stock Broking Pvt.Ltd.
Net Offered to Public
48,83,200 shares (aggregating up to ₹ 43.95 Cr)
Share Holding Pre Issue
1,04,40,000 shares
Share Holding Post Issue
1,55,82,400 shares
NSE Symbol
SHRIKANHA
ISIN
INE1V4601019
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 0.61 |
| Individual Investors (IND category bidding for 2 Lots) | 4.91 |
| Total ** | 2.81 |
Market Maker
1
Non-Institutional Buyers***
0.61
Individual Investors (IND category bidding for 2 Lots)
4.91
Total **
2.81
Day Wise Sub
| Day | NII* | Individual Investors | Total |
|---|---|---|---|
| Day 1 Dec 3, 2025 | 0.25 | 0.55 | 0.40 |
| Day 2 Dec 4, 2025 | 0.38 | 3.22 | 1.80 |
| Day 3 Dec 5, 2025 | 0.61 | 4.91 | 2.81 |
DayDay 1
Dec 3, 2025
NII*0.25
Individual Investors0.55
Total0.40
DayDay 2
Dec 4, 2025
NII*0.38
Individual Investors3.22
Total1.80
DayDay 3
Dec 5, 2025
NII*0.61
Individual Investors4.91
Total2.81
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-12-2025 | 90.00 | 0(0.00%) | 90 |
| 07-12-2025 | 90.00 | 0(0.00%) | 90 |
| 06-12-2025 | 90.00 | 0(0.00%) | 90 |
| 05-12-2025 | 90.00 | 0(0.00%) | 90 |
| 04-12-2025 | 90.00 | 0(0.00%) | 90 |
| 03-12-2025 | 90.00 | 25(27.78%) | 115 |
| 02-12-2025 | 90.00 | 25(27.78%) | 115 |
| 01-12-2025 | 90.00 | 0(0.00%) | 90 |
| 30-11-2025 | 90.00 | 0(0.00%) | 90 |
| 29-11-2025 | 90.00 | 0(0.00%) | 90 |
Date08-12-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date07-12-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date06-12-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date05-12-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date04-12-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date03-12-2025
Price90.00
GMP25(27.78%)
Estimate List Price115
Date02-12-2025
Price90.00
GMP25(27.78%)
Estimate List Price115
Date01-12-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date30-11-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
Date29-11-2025
Price90.00
GMP0(0.00%)
Estimate List Price90
IPO Important Dates
| IPO Open Date | Wed, Dec 3, 2025 |
| IPO Close Date | Fri, Dec 5, 2025 |
| Tentative Allotment | Mon, Dec 8, 2025 |
| Initiation of Refunds | Tue, Dec 9, 2025 |
| Credit of Shares to Demat | Tue, Dec 9, 2025 |
| Tentative Listing Date | Wed, Dec 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 5, 2025 |
IPO Open Date
Wed, Dec 3, 2025
IPO Close Date
Fri, Dec 5, 2025
Tentative Allotment
Mon, Dec 8, 2025
Initiation of Refunds
Tue, Dec 9, 2025
Credit of Shares to Demat
Tue, Dec 9, 2025
Tentative Listing Date
Wed, Dec 10, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Dec 5, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,88,000 |
| HNI (Min) | 3 | 4,800 | ₹4,32,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,88,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,88,000
ApplicationHNI (Min)
Lots3
Shares4,800
Amount₹4,32,000
Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 116.34 | 106.13 | 80.25 | 57.03 |
| Total Income | 110.30 | 146.39 | 131.00 | 136.47 |
| Profit After Tax | 4.26 | 5.79 | 2.60 | 0.72 |
| EBITDA | 9.25 | 13.38 | 8.24 | 4.36 |
| NET Worth | 16.03 | 12.16 | 6.37 | 3.77 |
| Reserves and Surplus | 5.59 | 11.29 | 5.50 | 2.90 |
| Total Borrowing | 56.02 | 50.98 | 53.94 | 40.36 |
Period EndedAssets
30 Sep 2025116.34
31 Mar 2025106.13
31 Mar 202480.25
31 Mar 202357.03
Period EndedTotal Income
30 Sep 2025110.30
31 Mar 2025146.39
31 Mar 2024131.00
31 Mar 2023136.47
Period EndedProfit After Tax
30 Sep 20254.26
31 Mar 20255.79
31 Mar 20242.60
31 Mar 20230.72
Period EndedEBITDA
30 Sep 20259.25
31 Mar 202513.38
31 Mar 20248.24
31 Mar 20234.36
Period EndedNET Worth
30 Sep 202516.03
31 Mar 202512.16
31 Mar 20246.37
31 Mar 20233.77
Period EndedReserves and Surplus
30 Sep 20255.59
31 Mar 202511.29
31 Mar 20245.50
31 Mar 20232.90
Period EndedTotal Borrowing
30 Sep 202556.02
31 Mar 202550.98
31 Mar 202453.94
31 Mar 202340.36
Key Performance Indicator
| ROE | 47.61% |
| ROCE | 19.20% |
| Debt/Equity | 4.19 |
| RoNW | 47.61% |
| PAT Margin | 3.97% |
| EBITDA Margin | 9.18% |
| Price to Book Value | 7.73 |
ROE
47.61%
ROCE
19.20%
Debt/Equity
4.19
RoNW
47.61%
PAT Margin
3.97%
EBITDA Margin
9.18%
Price to Book Value
7.73
IPO Reservation
| Market Maker Shares Offered | 2,59,200 (5.04%) |
| NII (HNI) Shares Offered | 24,41,600 (47.48%) |
| Retail Shares Offered | 24,41,600 (47.48%) |
| Total Shares Offered | 51,42,400 (100.00%) |
Market Maker Shares Offered
2,59,200 (5.04%)
NII (HNI) Shares Offered
24,41,600 (47.48%)
Retail Shares Offered
24,41,600 (47.48%)
Total Shares Offered
51,42,400 (100.00%)
Information about company
Incorporated in July 2015, Shri Kanha Stainless Limited specializes in the manufacturing of precision stainless steel cold rolled strips , offering a wide variety of thin and ultra-thin options to cater to diverse industrial needs.
The company's products are used across industries like textiles, automotive, chemicals, and in applications such as flexible and capillary tubes, clocks, watches, and electrical equipment.
The company produces stainless steel coils in 200, 300, and 400 series, with thicknesses from 0.08 mm to 2.00 mm. Slitting starts from 5 mm, available in hard and soft tempers based on customer needs. The company has a manufacturing capacity of 14,000 MTPA.
The company's product portfolio includes the following:
It is accredited with ISO 9001: 2015, ISI certification 15997:2012 for Low Nickel Austenitic Stainless-Steel Sheet for utensils and appliances, IS 5522:2014, and IS 6911:2017 for stainless steel sheets, strips, and plates.
The company's manufacturing unit is situated in Sikar. Rajasthan.
As on Nov 25, 2025, it has a order book of Rs 1,273.49 Lakhs.
Competitive Strength:
Objectives of IPO
The Company Shri Kanha Stainless IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Upgradation of existing manufacturing facility by installation of 1150 mm 4- Hi AGC Reversible Rolling Machine 12.00 2 Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company 18.00 3 Funding of Working Capital Requirement of the Company 5.48 4 General corporate purposes 5.00
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