Shri Kanha Stainless IPO Listing at 2.2% discount at ₹88 Per Share

Posted by : sachet | Wed Dec 10 2025

Shri Kanha Stainless IPO listing: The Shri Kanha Stainless IPO was subscribed 2.81 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received [.] times, and non-institutional investors (NIIs) received 0.61 times. The retail quota of the issue was subscribed to 47.48%. Before delving deeper into the topic, go through the details of the Shri Kanha Stainless IPO.

Table of Contents

Shri Kanha Stainless IPO

It is a bookbuilding IPO of ₹46.28 crore, an entirely fresh issue of 51,00,000 shares. The issue will be listed on NSE and SME on its tentative listing date, 10th December 2025.

The Shri Kanha Stainless IPO date is fixed between 3rd December 2025 and 5th December 2025. The face value of Shri Kanha Stainless shares stands at ₹10 per share, and the IPO Issue price band is set at ₹90 per share.

IPO Allotment Date	8th December 2025
IPO Open Date	3rd December 2025
IPO Close Date	5th December 2025
Refund Initiation	9th December 2025
Issue Size	51,42,400 shares(aggregating up to ₹46.28 Cr)
Face Value	₹10 per share
Lot Size	1,200 shares
Issue Price	₹90 per share
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Listing Date	10th December 2025

Shri Kanha Stainless IPO Listing

On the NSE platforms, shares of Shri Kanha Stainless are listed at ₹88 per share, reflecting a 2.2% discount to the issue price of ₹90 per share. On the other hand, on the SME platform, shares are listed at ₹83.20 per share, reflecting a discount of 5% from their issue price of ₹90 per share.

About the Shri Kanha Stainless IPO

Shri Kanha Stainless was established in July 2015. Shri Kanha Stainless Limited specialises in manufacturing precision stainless steel cold-rolled strips, offering a wide range of thin and ultra-thin options to meet diverse industrial needs. The company’s products are used across industries such as textiles, automotive, and chemicals, and in applications including 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 at 5 mm and is available in hard and soft tempers, based on customer needs. The company has a manufacturing capacity of 14,000 MTPA.

Shri Kanha Stainless Limited Financials

The company’s financial analysis is essential before applying for the Shri Kanha Stainless IPO. Look at the table to learn about Shri Kanha Stainless Limited’s financials.

Year Ended	30th September 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	116.34	106.13	80.25	57.03
Revenue	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 Borrowings	56.02	50.98	53.94	40.36

Explanation

Shri Kanha Stainless Limited’s revenue soared by 12% from ₹131.00 crores in March 2024 to ₹146.39 crores in March 2025. Moreover, the company’s PAT increased by 122% from ₹2.60 crores in March 2024 to ₹5.79 crores in March 2025.