Shri Kanha Stainless IPO Subscription Day 1

Posted by : sachet | Wed Dec 03 2025

Here, the Shri Kanha Stainless IPO launched on 3rd December 2025. Bidding for the issue will close today, 5th December 2025. The primary aim of the Shri Kanha Stainless IPO is to raise ₹46.28 crores from the market. Also, the Shri Kanha Stainless IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Shri Kanha Stainless IPO subscription and details.

Table of Contents

Shri Kanha Stainless IPO Details

IPO Open Date	3rd December 2025
Face Value	₹10 per share
Price Band	₹90 per share
Lot Size	1,600 shares
Issue Type	Bookbuilding Issue
Listing At	NSE & SME
IPO Close Date	5th December 2025
Listing Date	10th December 2025

The price band for Shri Kanha Stainless’s IPO has been set at Rs 90 per share, and a total of 5,76,93,307 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.

Categories	Shares Offered	Shares Percentage
Market Maker Shares Offered	2,59,200	5.04%
NII (HNI) Shares Offered	24,41,600	47.48%
Retail Shares Offered	24,41,600	47.48%
Total Shares Offered	51,42,400	100.00%

Shri Kanha Stainless IPO Subscription Status

As of now, the Shri Kanha Stainless IPO has been subscribed to 0.39 times. Of these, 0.54 times are subscribed by retail investors, 0.25 times by non-institutional investors, and [.] times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of Shri Kanha Stainless’ IPO listing on 10th December 2025. Shri Kanha Stainless also has a positive outlook behind the fresh issue of 0.51 shares, which will raise around Rs 46.28 crores.

Shri Kanha Stainless IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Shri Kanha Stainless IPO GMP for 3rd December 2025.

The grey market premium for this IPO has surged to 27.78% or Rs 25.00 per share. It indicates that the estimated listing price per share is Rs 115.00. Numerous factors played a pivotal role in this jump in the GMP of Shri Kanha Stainless’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Listing Gains
3-12-2025	₹90.00	₹25.00	₹115.00	27.78%
2-12-2025	₹90.00	₹25.00	₹115.00	27.78%
1-12-2025	₹90.00	₹0.00	₹90.00	0.00%
30-11-2025	₹90.00	₹0.00	₹90.00	0.00%
29-11-225	₹90.00	₹0.00	₹90.00	0.00%
28-11-2025	₹90.00	₹0.00	₹90.00	0.00%

About Shri Kanha Stainless Ltd.

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 June 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
Reserve and Surplus	5.59	11.29	5.50	2.90
Total Borrowing	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.

Technical Indicators

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Shri Kanha Stainless IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	16.23
EPS (Earnings Per Share)	5.55
RoNW	47.61%
ROCE	19.20%
ROE	47.61%
EBITDA Margin	9.18%
Price to Book Value	7.73
Market Capitalisation	₹140.24 Cr.

Shri Kanha Stainless IPO Listing Expectations

Shri Kanha Stainless IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 27.78% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 115.00.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.

Shri Kanha Stainless IPO Dates

IPO Open Date	3rd December 2025
IPO Close Date	5th December 2025
Allotment	8th December 2025
Refund Date	9th December 2025
IPO Listing Date	10th December 2025

Note: It is to be noted that IPO GMP is volatile based on market sentiment. Hence, one should conduct their research before investing in it.