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Shri Kanha Stainless Limited, established in 2015, is a manufacturer of precision cold-rolled (CR) stainless steel strips. The company specializes in converting hot-rolled (HR) coils into CR coils of various grades (200, 300, and 400 series) with thicknesses ranging from 0.08mm to 2.00mm. Operating from its facility in Sikar, Rajasthan, it serves a diverse range of industries, including automotive, consumer durables, and electronics, through a robust network of dealers and traders.
Dec 03, 2025
Dec 05, 2025
Dec 10, 2025
SME
Closed
46.28 Cr
46.28 Cr
0 Cr
₹90 - ₹90
1600
Our Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Upgradation of the existing manufacturing facility by installing a 1150 mm 4-Hi AGC Reversible Rolling Machine to enhance production capacity by 2.5 times and gain a technological advantage.
Repayment or prepayment, in part, of certain secured and unsecured borrowings to reduce existing debt, improve the debt-equity ratio, and free up internal accruals for business growth.
Funding the working capital requirements of the company to support future growth, particularly with the introduction of new product lines and expansion into new geographies.
7.73
—
47.61%
19.2%
47.61%
—
3.97%
9.18%
7.73
Manufacturing of low thickness stainless steel up to 0.08 mm.
High-speed machinery ensuring efficiency and high productivity.
Centralized location to cater to major markets like Delhi and Mumbai.
In-house machinery for circle cutting, polishing, and slitting to serve diverse market needs.
Requirement to offer long credit periods to direct Original Equipment Manufacturers (OEMs).
Extended turnaround time for acquiring new customers.
Competitors possess higher production capacities.
Growing steel utilization due to its longer lifespan compared to plastic.
Developing new markets within the automotive sector.
Reduced material imports from China due to BIS regulations, increasing demand for domestic products.
Dumping of materials from China, Vietnam, and Malaysia.
Difficulty in sourcing spare parts, leading to potential delays.
Monopoly held by raw material suppliers.
Seasonal demand patterns across different markets.
Shri Kanha Stainless Limited, established in 2015, is a manufacturer of precision cold-rolled (CR) stainless steel strips. The company specializes in converting hot-rolled (HR) coils into CR coils of various grades (200, 300, and 400 series) with thicknesses ranging from 0.08mm to 2.00mm. Operating from its facility in Sikar, Rajasthan, it serves a diverse range of industries, including automotive, consumer durables, and electronics, through a robust network of dealers and traders.
The Shri Kanha Stainless Ltd. IPO is scheduled to open for subscription on Dec 03, 2025 and close on Dec 05, 2025. Investors can apply for shares during this period through eligible platforms.
The price band for the Shri Kanha Stainless Ltd. IPO is ₹90 to ₹90. Investors can place bids within this range once the issue opens.
The minimum lot size for the Shri Kanha Stainless Ltd. IPO is 1600 shares. The minimum investment amount ₹1,44,000.
The total issue size of the Shri Kanha Stainless Ltd. IPO is approximately ₹46.28. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Shri Kanha Stainless Ltd. IPO has been subscribed 1.8 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Shri Kanha Stainless Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Shri Kanha Stainless Ltd. are expected to list on stock exchanges on Dec 10, 2025, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Shri Kanha Stainless Ltd. IPO are proposed to be used for Our Company proposes to utilize the Net Proceeds from the Issue towards the following objects:, Upgradation of the existing manufacturing facility by installing a 1150 mm 4-Hi AGC Reversible Rolling Machine to enhance production capacity by 2.5 times and gain a technological advantage., Repayment or prepayment, in part, of certain secured and unsecured borrowings to reduce existing debt, improve the debt-equity ratio, and free up internal accruals for business growth., Funding the working capital requirements of the company to support future growth, particularly with the introduction of new product lines and expansion into new geographies.
Before applying for the Shri Kanha Stainless Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
