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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.