Shri Kanha Stainless Limited
Fixed Price IPO · NSE
- Price band
- ₹90 - ₹90
- Lot size
- 1,600 shares
- Issue amount
- ₹46.28 cr
- Total subscription
- 2.83×
- Opens
- 3 Dec 2025
- Closes
- 5 Dec 2025
- Allotment
- 8 Dec 2025
- Listing
- 10 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 51,42,400 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,44,000
- Fresh issue
- ₹46.28 cr
- Offer for sale
- ₹0 cr
- Registrar
- Mas Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,04,40,000
- Shares after issue
- 1,55,82,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,88,000 |
| sHNI | 3 | 4,800 | ₹4,32,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 5 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 1 |
| NIB | 0 | 179 |
| RETAIL | 763 | 3,754 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| FIIs | 0 | 2 |
| RETAIL | 21.97 | 108.12 |
| NIB | 21.97 | 16.23 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 26.55 | 47.61 | 40.85 | 19.11 |
| ROCE | 11.64 | 19.2 | 13.2 | 7.37 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 16.23 | 0 | 0 |
| POST IPO(PE) | 16.47 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Quality Foils (india) Limited | 15.30 | 76.05 | 10.00 | 106.00 | 4.00 | 4.97 |
| Hisar Metal Industries Limited | 35.09 | 206.67 | 10.00 | 116.00 | 9.00 | 5.89 |
| Shri Kanha Stainless Limited | 16.23 | 90.00 | 10.00 | 11.65 | 47.61 | 5.55 |
Company information
Company profile
Shri Kanha Stainless Limited, established in July 2015, is a manufacturer of precision stainless steel cold rolled strips, producing thin and ultra-thin materials used in industries like textiles, automotive, chemicals, clocks, watches, and electrical equipment. The company makes stainless steel coils in the 200, 300, and 400 series with thicknesses from 0.08 mm to 2.00 mm and slitting from 5 mm, available in hard or soft temper as per customer needs. Its product range includes stainless steel precision strips, circles, and sheets with a manufacturing capacity of 14,000 MTPA. The unit is located in Sikar, Rajasthan, and is certified with ISO 9001:2015 and multiple ISI standards for quality. With modern machinery and a skilled team, the company maintains strong customer relationships and a solid market presence, supported by an order book of ₹1,273.49 Lakhs as of November 25, 2025.
Strengths
- Specialized Ultra-Thin Steel Capability: Manufactures precision stainless-steel strips up to 0.08 mm thickness, with multiple grades and customizable properties tailored to industry needs.
- Efficient Manufacturing Expertise: High-speed production backed by 35+ years of operational experience and a skilled workforce ensures consistent quality and strong market presence.
- Logistically Advantageous Facility Location: Plant positioned in Reengus, Rajasthan, enabling smooth access and timely supply to major demand centers like Delhi and Mumbai.
Risk factors
- Risks in Product Line Expansion: Diversifying into new stainless-steel categories may lead to higher operational complexity, quality challenges, and uncertain customer acceptance in new markets.
- Revenue Exposure to Limited Regions: Heavy dependence on specific geographic markets makes financial performance vulnerable to regional economic, competitive, or regulatory disruptions.
- Reliance on Related-Party Dealings: Significant transactions with a group company increase risks around business dependence, pricing transparency, and potential regulatory concerns.
Promoters
Mr. Jai Bhagwan Agarwal
Mrs. Kavita Agarwal
Mr. Shashank Agrawal
Ms. Neha Agarwal
Registrar & documents
Lead manager
Kreo Capital Private Limited
Registrar & contacts
Mas Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 70-B Unit No. 401-402, 4th Floor Trimurty Prime Tower, Nirwaroo Road, Jhotwara, Jaipur, Rajasthan, 302012
+91 925 704 3976
[email protected]Company website ↗Understanding SHRIKANHA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.