Shri Kanha Stainless Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,441,600 (47%) | — | ₹2,197 Cr |
| Retail | — | 2,441,600 (47%) | — | ₹2,197 Cr |
| Market Maker | — | 259,200 (5%) | — | ₹23 Cr |
| Σ Total | — | 5,142,400 (100%) | — | ₹46,282 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 110 | 146 | 131 |
| EBITDA | 9 | 13 | 8 |
| Profit After Tax | 4 | 6 | 3 |
| Net Worth | 16 | 12 | 6 |
| Total Assets | 116 | 106 | 80 |
| Reserves & Surplus | 6 | 11 | 6 |
| Total Borrowing | 56 | 51 | 54 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 purposes – 5.00
Company Overview
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:
- Cold Rolling of Stainless-Steel Precision Strips.
- Stainless Steel Circle.
- Stainless Steel Sheet.
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:
- A reputed private sector manufacturer of cold rolled stainless sections in India.
- Effective Cost Control Management.
- Quality Assurance and Quality Control of the products.
- Centralised location to cater to major markets like Delhi and Mumbai.
- Manufacturing of low thickness up to 0.08 mm.