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SHRIKANHA
Shri Kanha Stainless IPO, a SME IPO was listed on the exchange on December 10, 2025. The price band is set between ₹90 –90 , with a face value of ₹10 . Retail investors can apply with a minimum of 2 lots, each comprising 1,600 shares — amounting to ₹288,000 at the upper price.
Shri Kanha Stainless IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Shri Kanha Stainless IPO SME Important Dates
Get important updates regarding Shri Kanha Stainless IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Listing day gain
-2.22%
Listed at ₹88 (issue ₹90)
Issue
₹90
Listing
₹88
Current
₹83.6
-7.11% vs issue
Day range
₹83.6 – ₹88
Open Date
Dec 03
Close Date
Dec 05
Allotment
Dec 08
Listing
Dec 10
Issue Size
5,142,400 shares
(aggregating up to ₹46.00 Cr)
Issue Price
₹90 – ₹90
Face Value
₹10/share
Market Lot
1,600 shares
Retail Min Investment
₹288,000
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
5,142,400 shares
(aggregating up to ₹46 Cr)
Reserved for Market Maker
259,200 shares
(aggregating up to ₹2.00 Cr)
Issue Type
fixed price
Latest snapshot: Dec 05, 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 0.61x | 179 |
| Individual Investors | 4.91x | 3,754 |
| Total | 2.76x | 3,933 |
Mr. Jai Bhagwan Agarwal, Mrs. Kavita Agarwal, Mr. Shashank Agrawal, and Ms. Neha Agarwal serve as the promoters of the Company.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹288,000 |
| Retail (Max) | 1 | 1,600 | ₹144,000 |
| S-HNI (Min) | 3 | 4,800 | ₹432,000 |
| S-HNI (Max) | 6 | 9,600 | ₹864,000 |
| B-HNI (Min) | 7 | 11,200 | ₹1,008,000 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 259,200 (5.04%) |
| NII (HNI) Shares Offered | 2,441,600 (47.48%) |
| Retail Shares Offered | 2,441,600 (47.48%) |
| Total Shares Offered | 5,142,400 (100.00%) |
Shri Kanha Stainless Limited is a Rajasthan-based manufacturer specializing in precision stainless steel cold-rolled strips. They produce high-quality thin and ultra-thin strips (0.08 mm to 2.00 mm) used in various industries like textiles, automobiles, and electronics. The company operates from its manufacturing unit in Sikar and serves a wide dealer network across India.
Strength:
The company is a reputed private sector player with a focused niche in manufacturing ultra-thin stainless steel sections. Its major strengths include effective cost control management and a robust quality assurance system that ensures high-grade output. Strategically located to cater to major markets like Delhi and Mumbai, the company benefits from a centralized distribution hub. Additionally, having an order book of over ₹12 Crores (as of Nov 2025) provides visible revenue stability. Their ability to manufacture specific low-thickness strips gives them a competitive edge over generic steel manufacturers.
Growth:
Shri Kanha is entering a significant expansion phase by upgrading its facility with advanced machinery (1150 mm 4-Hi AGC Reversible Rolling Machine) imported from China, which is expected to increase production capacity by 2.5 times. This expansion is aimed at entering high-margin markets like shaving blade steel, currently dominated by very few large players. Financially, the company has shown a steady increase in PAT margins from 0.53% in FY23 to 3.97% in FY25, indicating improving operational efficiency. The IPO proceeds are strategically earmarked for debt reduction and working capital, which will further strengthen the balance sheet for future scaling.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 Latest |
|---|---|---|---|
| Total Revenue | 136.47 | 131 |
146.39
↑ 11.7%
|
| Profit After Tax (PAT) | 0.72 | 2.6 |
5.79
↑ 122.7%
|
| EBITDA | 4.36 | 8.24 |
13.38
↑ 62.4%
|
| Total Assets | 57.03 | 80.25 |
106.13
↑ 32.2%
|
| Net Worth | 3.77 | 6.37 |
12.16
↑ 90.9%
|
| Reserves & Surplus | 2.9 | 5.5 |
11.29
↑ 105.3%
|
| Total Borrowing | 40.36 | 53.94 |
50.98
↓ 5.5%
|
Revenue & Profit Trend
The Shri Kanha Stainless IPO is expected to open in December, 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Shri Kanha Stainless IPO is ₹90.00 - ₹90.00 per share.
As per market sources, Shri Kanha Stainless IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Shri Kanha Stainless IPO stands at 2.76x overall.
The listing date for Shri Kanha Stainless IPO is December 10, 2025.
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