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SHRIKANHA · NSE · Steel - Tools
Shri Kanha Stainless IPO listed on 10 Dec 2025 on NSE at ₹88.00, a loss of 2.22% over the issue price of ₹90.00. The IPO was subscribed 2.76x overall.
Shri Kanha Stainless IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 03 Dec 2025 |
| IPO Close Date | 05 Dec 2025 |
| Basis of Allotment | 08 Dec 2025 |
| Initiation of Refunds | 09 Dec 2025 |
| Credit of Shares to Demat | 09 Dec 2025 |
| Listing Date | 10 Dec 2025 |
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
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)
Offer for Sale
[.]
Reserved for Market Maker
259,200 shares
(aggregating up to ₹2.00 Cr)
Issue Type
fixed price
Open Date
03 Dec
Close Date
05 Dec
Allotment
08 Dec
Listing
10 Dec
Last updated: 9 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 10 Dec 2025 Latest | ₹90 | ₹0 | ₹90 | ₹0 |
0%
|
11:40 AM |
| 09 Dec 2025 | ₹90 | ₹0 | ₹90 | ₹0 |
0%
|
11:40 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 05 Dec 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 0.61x | 179 |
| Individual Investors | 4.91x | 3,754 |
| Total | 2.76x | 3,933 |
Showing the latest subscription snapshot.
View full subscription historyMr. Jai Bhagwan Agarwal, Mrs. Kavita Agarwal, Mr. Shashank Agrawal, and Ms. Neha Agarwal serve as the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹288,000 |
| Retail (Max) | 2 | 3,200 | ₹288,000 |
| 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 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| 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 |
|---|---|---|---|
| Total Revenue | 136.47 | 131 | 146.39 |
| Profit After Tax (PAT) | 0.72 | 2.6 | 5.79 |
| EBITDA | 4.36 | 8.24 | 13.38 |
| Total Assets | 57.03 | 80.25 | 106.13 |
| Net Worth | 3.77 | 6.37 | 12.16 |
| Reserves & Surplus | 2.9 | 5.5 | 11.29 |
| Total Borrowing | 40.36 | 53.94 | 50.98 |
Revenue & Profit Trend
The basis of allotment for Shri Kanha Stainless IPO was finalised on 08 Dec 2025. You can check your allotment status using your PAN number or application number on the MAS Services Limited portal or BSE.
The Shri Kanha Stainless IPO is expected to open in Dec 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 currently ₹0.00. 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 10 Dec 2025.
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