IPO Analysis > Shri Kanha Stainless Steel IPO
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Shri Kanha Stainless IPO Opens On 4 ... 

All You Should Know About The Shri Kanha Stainless IPO

Over the last decade, India’s steel production has gone up by nearly 75% since 2008. At the same time, the demand for steel within India has climbed by almost 80%. Shri Kanha Stainless Limited has been working in this competitive space and will make its debut in the Indian stock market. 

Kreo Capital will manage the issue, and MAS Services will register it. Don't forget to view the Shri Kanha Stainless IPO allotment status.


Analyse the IPO through Shri Kanha Stainless Limited's DRHP and Final Prospectus.


Note: 50% of shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Shri Kanha Stainless Private Limited: Understanding the Company Profile 


Particulars

Descriptions

Headquarters

Rajasthan

Business 

Steel

Promoters  

Kavita Agarwal, Jai Bhagwan Agarwal, Shashank Agrawal and Neha Agarwal

Competitors  

Quality Foils and Hisar Metal Industries


Shri Kanha Stainless IPO Details

Get a better Shri Kanha Stainless IPO review through the details mentioned below: 

  • Shri Kanha Stainless IPO Date

Event Description

Date

Opening for public bids

Wed, Dec 3, 2025

Last day to submit IPO applications

Fri, Dec 5, 2025

UPI mandate confirmation deadline

5 PM on Fri, Dec 5, 2025

Basis of allotment announcement

Mon, Dec 8, 2025

Refund initiation for non-allottees

Tue, Dec 9, 2025

Shares credited to demat accounts

Tue, Dec 9, 2025

Planned listing on the stock exchange

Wed, Dec 10, 2025


  • Shri Kanha Stainless Limited IPO Size


Particulars

Shares

Aggregate Value 

Fresh Issue

5,142,400

₹4,628.16 lakhs

Offer for Sale

NA

NA

Overall Issue 

5,142,400

₹4,628.16 lakhs


  • Shri Kanha Stainless Ltd IPO: Objective 


Particulars

Estimated Amount (₹ in Lakhs)

Upgrade of existing plant

1,200.29

Repayment or pre-payment of borrowings

1,800.00

Working capital support

548.46

General corporate needs

500.00

Total

4,048.75


  • Shri Kanha Stainless IPO Price And Other Takeaways


Here are the details about the Shri Kanha Stainless Limited share price:


Particulars

Description

Face value (₹)

10

Price Range (₹)

90  

Lot size (shares)

1600

Listed At 

NSE SME


  • Investors Categorisation


Investor Category

Shares Offered

Market Maker Shares

259,200 (5.04%)

NII (HNI) Shares

2,441,600 (47.48%)

Retail Investor Shares

2,441,600 (47.48%)

Total Shares

5,142,400 (100.00%)


  • Anchor Investor


Particulars

Description

Opening Date

03rd Dec 2025

Closing Date  

05th Dec 2025


Shri Kanha Stainless: Key Financials  


Particulars

September 30, 2025

2025

2024

2023

Share Capital (₹ in Lakhs)

1,044.00

87.00

87.00

87.00

Net Worth (₹ in Lakhs)

1,603.40

1,216.18

637.16

376.89

Revenue from Operations (₹ in Lakhs)

11,022.53

14,579.11

13,037.44

13,503.95

Profit after Tax (₹ in Lakhs)

425.64

579.03

260.27

72.02

Earnings per Share (Post Bonus) (₹ in Lakhs)

4.08

5.55

2.49

0.69

NAV (Post Bonus) (₹)

15.36

11.65

6.10

3.61

Total Borrowings (₹ in Lakhs)

5,602.19

5,098.05

5,393.64

4,036.07


Strengths and Risks

The important risks and strengths are mentioned below:

Strengths 

  • Strong Presence in Precision Stainless Steel Strips: Shri Kanha Stainless has built a solid position in the precision stainless steel cold-rolled strip segment. 

  • Wide Industrial Applications: Their products are used in textiles, automotive, chemicals, capillary tubes, clocks, watches, and electrical equipment. This broad usage spreads risk and helps the company stay relevant across multiple sectors.

  • Expansion Through Advanced Manufacturing Technology: The company is investing in new machines. This upgrade will help them improve their product range and increase production capability.

  • Integrated Operations Supporting Quality and Consistency: With in-house manufacturing processes and tight quality control, the company maintains uniform product standards. 


Risks


  • Revenue Depends on Specific Regions: The company earns most of its sales from a few key regions. Any local slowdowns, disruptions, or restrictions in these areas can directly affect revenue and overall business stability.

  • New Products May Bring Fresh Challenges: As the company adds new products and enters new segments, it may face unfamiliar risks. Handling these changes poorly can impact product mix, demand, and profitability.

  • Expansion Through New Machinery Involves Uncertainty: The upcoming reversible rolling machine opens doors to more industries, but it also brings operational, market, and competition risks.

  • History of Negative Cash Flows Adds Pressure: The company has recorded negative cash flows in earlier years, and continued strain in cash generation may hinder growth plans.

Should You Apply for the Shri Kanha Stainless Ltd IPO?


As of December 1, 2025, the Shri Kanha Stainless IPO GMP has not been updated. You can view the IPO's live GMP and the subscription status. Also, check the Shri Kanha Stainless Limited DRHP and RHP before you click on the Apply Now button.

FAQs

1. How is the Shri Kanha Stainless IPO review?

Shri Kanha Stainless Limited is a steel company. The total IPO size is ₹4,628.16 lakhs, and the listing date is 10 December 2025. For the latest details, you can also look for the GMP updates

2. What is the Shri Kanha Stainless IPO date?

The IPO opening is 3 December 2025, and the closing date is 5 December 2025. Live subscription details can be monitored through FinnPick. 

3. What is the Shri Kanha Stainless IPO price? 

The Shri Kanha Stainless IPO price is ₹90 as of December 1, 2025. Also, don't forget to check the Shri Kanha Stainless IPO DRHP and RHP. 

4. Do I need a demat account to bid for the Shri Kanha Stainless Limited IPO?

Yes, a demat account is required to bid for the Shri Kanha Stainless Limited IPO. Click here to get the ultimate list of the top demat account providers.
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