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Open
3 Dec 2025
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Close
5 Dec 2025
3
Allotment
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Listing
Wed, Dec 10, 2025
Price Band
₹90 per share
Issue Size
51,42,400 shares (agg. up to ₹46 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Dec 10, 2025
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
10-12-2025₹0Est. ₹90+0%
09-12-2025₹0Est. ₹90+0%
08-12-2025₹0Est. ₹90+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.75x |
Restated Financials (₹ Cr.)
| 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 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Mittal Sections Ltd. | SME | ₹52.91 Cr | ₹143 | 31.15 | ₹108.70 | -23.99% | ₹28.00 (-3.05%) |
| M P K Steels (I) Ltd. | SME | ₹25.74 Cr | ₹79 | 9.04 | ₹83.50 | +5.70% | ₹118.90 (+0.76%) |
| P S Raj Steels Ltd. | SME | ₹28.28 Cr | ₹140 | 12.14 | ₹150.60 | +7.57% | ₹400.00 (-0.30%) |
| Newmalayalam Steel Ltd. | SME | ₹41.76 Cr | ₹90 | 26.67 | ₹85.50 | -5.00% | ₹24.45 (-0.20%) |
| VMS TMT Ltd. | Mainboard | ₹148.50 Cr | ₹99 | 22.24 | ₹99.65 | +0.66% | ₹45.23 (+0.00%) |
| Sambhv Steel Tubes Ltd. | Mainboard | ₹540.00 Cr | ₹82 | 23.97 | ₹97.59 | +19.01% | ₹120.61 (-0.78%) |
| Scoda Tubes Ltd. | Mainboard | ₹220.00 Cr | ₹140 | 33.81 | ₹147.00 | +5.00% | ₹144.37 (-3.01%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| 5 | Issue expenses | 5.79 |
| Total | 46.28 |
About Shri Kanha Stainless IPO
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 Streng
Contact Details
Shri Kanha Stainless Ltd. AddressPlot No.70-BUnit No.401-402, 4th FloorTrimurty Prime Tower, Nirwaroo Road, JhotwaraJaipur, Rajasthan, 302012+91 925 704 3976info@kanhastainless.comVisit Website