Shri Kanha Stainless Limited is a precision-driven stainless steel manufacturer known for producing high-quality cold rolled stainless steel strips. The company offers a diverse range of thin and ultra-thin stainless-steel strip solutions, designed to meet the demanding technical requirements of modern industries.
With its engineered precision and commitment to consistency, the company serves a broad industrial ecosystem including textile machinery, automotive components, chemicals, consumer appliances, and other specialized applications. Its products are commonly used in flexible and capillary tubes, clocks and watches, electrical components, and other precision-based engineering applications.
The company manufactures stainless steel coils across the widely used 200, 300, and 400 steel series, offering thickness variations from 0.08 mm to 2.00 mm. To support highly customized use cases, slitting options start from as low as 5 mm, with both hard and soft temper grades available depending on customer specifications.
Shri Kanha Stainless Limited has a current installed production capacity of 14,000 MTPA, giving it the scalability to serve both bulk consumers and specialized niche buyers.
The company manufactures multiple stainless-steel products including:
- Cold Rolled Stainless Steel Precision Strips
- Stainless Steel Circles
- Stainless Steel Sheets
The company ensures consistent product quality and adherence to regulatory standards through key industry certifications, including ISO 9001:2015, ISI 15997:2012 for low nickel austenitic stainless-steel sheets used in utensils and appliances, IS 5522:2014, and IS 6911:2017 for stainless steel sheets, strips, and plates.
Shri Kanha Stainless Limited operates its manufacturing facility in Sikar, Rajasthan. The plant is equipped with advanced machinery and process lines designed for cold rolling, slitting, and finishing operations—all geared toward precision-grade stainless steel output.
As of November 25, 2025, the company maintains an order book valued at ₹ 1,273.49 lakhs, demonstrating continued customer demand and a stable business pipeline.
Shri Kanha Stainless IPO – Details
| IPO Opening Date | 03 December 2025 |
| IPO Closing Date | 05 December 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 51,42,400 Shares Worth ₹46.28 Crore Fresh Issue: 51,42,400 Shares Worth ₹46.28 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | MAS Services Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Shri Kanha Stainless IPO – Date Schedule
| IPO Open Date | 03 December 2025 |
| IPO Close Date | 05 December 2025 |
| Basis of Allotment | 08 December 2025 |
| Initiation of Refund | 09 December 2025 |
| Credit of Shares to Demat | 09 December 2025 |
| IPO Listing Date | 10 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 05, 2025 |
Shri Kanha Stainless IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,88,000 |
| Retail (Max) | 2 | 3200 | ₹2,88,000 |
| S-HNI (Min) | 3 | 4800 | ₹4,32,000 |
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.
- Centralised location to cater to major markets like Delhi and Mumbai.
- Manufacturing of low thickness up to 0.08 mm.
Company Promoters
- Mr. Jai Bhagwan Agarwal
- Mrs. Kavita Agarwal
- Mr. Shashank Agrawal
- Ms. Neha Agarwal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹136.47 Cr | ₹135.52 Cr | ₹0.72 Cr | ₹40.36 Cr |
| 31 March 2024 | ₹131.00 Cr | ₹127.47 Cr | ₹2.60 Cr | ₹53.94 Cr |
| 31 March 2025 | ₹146.39 Cr | ₹138.70 Cr | ₹5.79 Cr | ₹50.98 Cr |
| 31 October 2025 | ₹110.30 Cr | ₹104.30 Cr | ₹4.26 Cr | ₹56.02 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 47.61% |
| ROCE | 19.20% |
| Debt\Equity | 4.19 |
| RoNW | 47.61% |
| PAT Margin | 3.97% |
| EBITDA Margin | 9.18% |
| Price to Book Value | 7.73 |
| Market Capitalization | ₹140.24 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.55 | 5.46 |
| P/E (x) | 16.23 | 16.47 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| 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 Purposes. | ₹5.00 |
✅Strengths
- xperienced promoters with industry knowledge.
- Diverse product range catering to multiple sectors.
- Competitive pricing with a strong focus on quality.
- Strategic pricing policies aligned with market fluctuations.
⚠️Risks
- Dependence on third-party transportation for deliveries.
- Reliance on promoters for key decision-making.
- Working-capital-intensive business model affecting liquidity.
Shri Kanha Stainless IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 67% |
Shri Kanha Stainless IPO Prospectus
Company Contact Information
| 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/ |
Shri Kanha Stainless IPO Registrar
| MAS Services Ltd. Phone: (011) 2610 4142 Email: ipo@masserv.com Website: https://www.masserv.com/opt.asp |
Shri Kanha Stainless IPO Lead Manager(s)
| 1. Kreo Capital Private Limited |
Shri Kanha Stainless IPO FAQ
| What is Shri Kanha Stainless IPO? Shri Kanha Stainless IPO is an SME IPO. The issue is priced at ₹90 per equity share. The IPO is to be listed on NSE SME. |
| When Shri Kanha Stainless IPO will open? The IPO is to open on 03 December 2025 for NII and Retail Investors. |
| What is Shri Kanha Stainless IPO Investors Portion? The investors’ portion for NII – 50% and Retail – 50%. |
| What is the Shri Kanha Stainless IPO Size? Shri Kanha Stainless IPO size is ₹46.28 Crore. |
| What is Shri Kanha Stainless IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3200 Shares with ₹2,88,000 amount, while the maximum bid is 3200 Shares with ₹2,88,000. |
| What is the Shri Kanha Stainless IPO Allotment Date? Shri Kanha Stainless IPO allotment date is 08 December 2025. |
| What is the Shri Kanha Stainless IPO Listing Date? Shri Kanha Stainless IPO listing date is 10 December 2025. The IPO is to be listed on the NSE SME. |
