The Shree Kanha Stainless IPO opening date is December 3, 2025, and the IPO will close on December 5, 2025. The Shree Kanha Stainless IPO is a fixed-price issue. The company will raise approximately ₹46.28 crore through the IPO, which includes a fresh issue of ₹46.28 crore and an offer for sale of up to [.] equity shares with a face value of ₹10.
The price band for the Shree Kanha Stainless IPO is ₹90 per share. The retail quota is 50%, QIB 0%, and HNI 50%. The Shree Kanha Stainless IPO will be listed on the NSE on December 10, 2025. The allotment date for the Shree Kanha Stainless IPO is December 8, 2025.
The company reported revenue of ₹146.39 crore in 2025, compared to ₹131.00 crore in 2024. The company reported a profit of ₹5.79 crore in 2025 compared to a profit of ₹2.60 crore in 2024. According to financials, IPO investors should apply for the IPO for the long term.
Shri Kanha Stainless IPO Details
| IPO Open Date | December 3, 2025 |
| IPO Close Date | December 5, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹90 Per Share |
| Issue Size | Approx ₹46.28 Crores |
| Fresh Issue | Approx ₹46.28 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
About the Shree Kanha Stainless IPO
Shree Kanha Stainless Limited, launched in July 2015, manufactures precision stainless steel cold-rolled strips. They offer a wide range of thin and ultra-thin options to meet the needs of various industries such as textiles, automotive, and chemicals, as well as products such as flexible and capillary tubes, watches, clocks, and electrical equipment. The company's portfolio includes cold-rolled stainless steel precision strips, stainless steel circles, and stainless steel sheets.
The firm manufactures stainless steel coils in the 200, 300, and 400 series, ranging from 0.08 mm to 2.00 mm in thickness. Additionally, the company offers both hard and soft products to suit customer needs. Its manufacturing facility is located in Sikar, Rajasthan, with a capacity of 14,000 MTPA. Apart from this, Shri Kanha also has ISI certification for its products, which makes it a trustworthy brand.
Incorporated in July 2015, Shri Kanha Stainless Limited specializes in the manufacturing of precision stainless steel cold rolled strips, offering a wide variety of thin and ultra-thin options to cater to diverse industrial needs.
The company's products are used across industries like textiles, automotive, chemicals, and in applications such as 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 from 5 mm, available in hard and soft tempers based on customer needs. The company has a manufacturing capacity of 14,000 MTPA.
The company's product portfolio includes the following:
Cold Rolling of Stainless-Steel Precision Strips.
Stainless Steel Circle.
Stainless Steel Sheet.
It is accredited with ISO 9001: 2015, ISI certification 15997:2012 for Low Nickel Austenitic Stainless-Steel Sheet for utensils and appliances, IS 5522:2014, and IS 6911:2017 for stainless steel sheets, strips, and plates.
The company's manufacturing unit is situated in Sikar. Rajasthan.
As on Nov 25, 2025, it has an order book of Rs 1,273.49 Lakhs.
Competitive Strength:
A reputed private sector manufacturer of cold rolled stainless sections in India.
Effective Cost Control Management.
Quality Assurance and Quality Control of the products.
Centralized location to cater to major markets like Delhi and Mumbai.
Manufacturing of low thickness up to 0.08 mm.
Shri Kanha Stainless IPO Market Lot
The Shri Kanha Stainless IPO minimum market lot is 3,200 shares with ₹2,88,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,88,000 |
| Retail Maximum | 2 | 3,200 | ₹2,88,000 |
| S-HNI Minimum | 3 | 4,800 | ₹4,32,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| NII Shares Offered | 24,41,600 Shares | 47.48% |
| Retail Shares Offered | 24,41,600 Shares | 47.48% |
Shri Kanha Stainless IPO Dates
The Shri Kanha Stainless IPO date is December 3 and the close date is December 5. The Shri Kanha Stainless IPO allotment will be finalized on December 8 and the IPO listing on December 10.
| IPO Open Date: | December 3, 2025 |
| IPO Close Date: | December 5, 2025 |
| Basis of Allotment: | December 8, 2025 |
| Refunds: | December 9, 2025 |
| Credit to Demat Account: | December 9, 2025 |
| IPO Listing Date: | December 10, 2025 |
| IPO Bidding Cut-off Time: | December 5, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Jai Bhagwan Agarwal, Mrs. Kavita Agarwal, Mr. Shashank Agrawal, and Ms. Neha Agarwal.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,04,40,000 | 100% |
| Promoter Holding Post Issue | 1,55,82,400 | 67% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Upgradation of existing manufacturing facility by installation of 1150 mm 4- Hi AGC Reversible Rolling Machine | ₹12.00 |
| Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company | ₹18.00 |
| Funding of Working Capital Requirement of the Company | ₹5.48 |
| General Corporate Purpose | ₹5.00 |
Shri Kanha Stainless IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹136.47 | ₹135.52 | ₹0.72 | ₹57.03 |
| 2024 | ₹131.00 | ₹127.47 | ₹2.60 | ₹80.25 |
| 2025 | ₹146.39 | ₹138.70 | ₹5.79 | ₹106.13 |
| September 2025 | ₹110.30 | ₹104.31 | ₹4.26 | ₹116.34 |
Shri Kanha Stainless IPO Valuation – FY2025
Check Shri Kanha Stainless IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 47.61% |
| ROCE: | 19.20% |
| EBITDA Margin: | 9.18% |
| PAT Margin: | 3.97% |
| Debt to equity ratio: | 4.19 |
| Earning Per Share (EPS): | ₹5.55 (Basic) |
| Price/Earning P/E Ratio: | 16.23 |
| Return on Net Worth (RoNW): | 47.61% |
| Net Asset Value (NAV): | ₹11.65 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Hisar Metal Industries Limited | 5.89 | 35.09 | 9% | 116.00 | – Cr. |
| Quality Foils (India) Limited | 4.97 | 15.30 | 4% | 106.00 | – Cr. |
IPO Lead Managers aka Merchant Bankers
- Kreo Capital Pvt. Ltd.
Company Address
Shri Kanha Stainless Ltd.
Plot No. 70-B
Unit No. 401-402, 4th Floor
Trimurty Prime Tower, Nirwaroo Road, Jhotwara,
Jaipur, Rajasthan, 302012
Phone: +91 925 704 3976
Email: info@kanhastainless.com
Website: https://www.kanhastainless.com/
IPO Registrar
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp