Synopsis: Shri Kanha Stainless Limited is launching a Rs 46.28 crore fixed-price IPO with 51 lakh fresh shares at Rs 90 per share. The issue opens on 3 December 2025 and lists on 10 December 2025. Funds will be used for plant upgrades, debt repayment, working capital, and general corporate purposes. The company has shown strong financial growth and demand.
Shri Kanha Stainless IPO: Key Highlights
Shri Kanha Stainless Limited will open its Rs 46.28 crore fixed-price IPO on 3 December.
The IPO comprises an entirely fresh issue of 51,00,000 equity shares.
| Metric | Details |
|---|---|
| IPO Size | Rs 46.28 crore |
| Issue Type | Fixed Price Issue |
| Fresh Issue | 51 lakh equity shares |
| Price | Rs 90 per share |
| Open Date | 3 December 2025 |
| Close Date | 5 December 2025 |
| Allotment Date | 8 December 2025 |
| Listing Date | 10 December 2025 |
Share Price & Investment Details
| Category | Details |
|---|---|
| IPO Price | Rs 90 per share |
| Lot Size | 1,600 shares |
| Minimum Retail Investment | ₹2,88,000 (3,200 shares) |
How IPO Funds Will Be Used
- Manufacturing Upgrade: Rs 12 crore to install a 1150 mm 4-Hi AGC reversible rolling mill.
- Debt Repayment: Rs 18 crore allocated to reduce secured & unsecured loans.
- Working Capital: Rs 5.48 crore for routine business operations.
- General Corporate Purposes: Approximately Rs 5 crore.
Company Profile
Founded in 2015, Shri Kanha Stainless Limited manufactures precision stainless steel cold-rolled strips used across multiple industries.
- Textile machinery
- Automotive components
- Chemical processing equipment
- Flexible & capillary tubes
- Watch & clock parts
- Electrical equipment
Products are available in the 200, 300, and 400 series with thickness from 0.08 mm to 2.00 mm and slitting from 5 mm.
The company’s manufacturing plant in Sikar, Rajasthan has a capacity of 14,000 MTPA.
As of 25 November 2025, the company holds an order book worth Rs 1,273.49 lakh.
Financial Performance
| Financial Metric | FY 2024–25 | H1 FY 2025–26 (Till Sept 2025) |
|---|---|---|
| Revenue | Rs 146.39 crore | Rs 110.30 crore |
| Profit After Tax (PAT) | Rs 5.79 crore | Rs 4.26 crore |
| Revenue Growth | 12% yearly | — |
| PAT Growth | 122% yearly | — |
Managers & Promoters
| Category | Details |
|---|---|
| Lead Manager | Kreo Capital Pvt Ltd |
| Registrar | MAS Services Ltd |
| Market Maker | Giriraj Stock Broking Pvt Ltd |
| Promoters | Jai Bhagwan Agarwal, Kavita Agarwal, Shashank Agarwal, Neha Agarwal |
📌 Key Takeaway
Shri Kanha Stainless IPO offers a solid industrial growth story supported by strong financials, a large order book, and clear utilisation plans for the proceeds. Investors should note the high minimum investment and assess long-term prospects before subscribing.
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