Shri Kanha Stainless Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

03 Dec 2025

Close Date

05 Dec 2025

Allotment

08 Dec 2025

Listing Date

10 Dec 2025

Exchange

NSE SME

Price Band

₹90

Listing Price

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Allotment Status

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Price Band

₹90

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

51,42,400 shares (aggregating up to ₹46.28 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

1,04,40,000 shares

Promoters

Post-IPO Holding

1,55,82,400 shares

Promoters

P/E (Pre)

16.23x

P/E (Post)

16.47x

EPS (Pre)

₹5.55

EPS (Post)

₹5.46

UPI Deadline

2025-12-05

Mandate

Anchor AllotmentTue, 02 Dec 2025

Basis of AllotmentMon, 08 Dec 2025

Refund InitiationTue, 09 Dec 2025

Demat CreditTue, 09 Dec 2025

Listing DayWed, 10 Dec 2025

UPI Mandate Deadline2025-12-05

Sale TypeFresh Capital

Net Offer to Public48,83,200 shares (aggregating up to ₹43.95 Cr)

Market Maker Quota2,59,200 shares (aggregating up to ₹2.33 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Shri Kanha Stainless Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 05 Dec 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	259,200	—	₹2.33
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,142,400	100%	₹46.28

IPO Shares Offered

Shri Kanha Stainless Ltd IPO total issue size: ₹46.28 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	259,200	₹2.33	5.04%
Total	5,142,400	₹46.28	100.00%

* Based on upper price band ₹90 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹90.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹288,000
Retail (Max — 13 Lots)	13	20,800	₹1,872,000
S-HNI (Min — 14 Lots)	14	22,400	₹2,016,000
B-HNI (Min — 68 Lots)	68	108,800	₹9,792,000

* Issue Price ₹90 × Lot Size 1,600 shares

IPO Schedule

Anchor

02 Dec 2025

✓ Done

IPO Open

03 Dec 2025

✓ Done

IPO Close

05 Dec 2025

✓ Done

Allotment

08 Dec 2025

✓ Done

Refunds

09 Dec 2025

✓ Done

Demat Credit

09 Dec 2025

✓ Done

Listing Day

10 Dec 2025

✓ Done

₹90.00

INR · NSE

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Issue ₹90.00 Live Price

About Shri Kanha Stainless Ltd

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 a 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.Centralised location to cater to major markets like Delhi and Mumbai.Manufacturing of low thickness up to 0.08 mm.

Objects of the Issue

Upgradation of existing manufacturing facility by installation of 1150 mm 4- Hi AGC Reversible Rolling Machine

Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company

Funding of Working Capital Requirement of the Company

General corporate purposes

Shri Kanha Stainless Ltd Financials (Amount in ₹ Crore)

Revenue from Operations

₹131.0

31 Mar 2024

₹146.4

31 Mar 2025

₹110.3

30 Sep 2025

Profit After Tax (PAT)

₹2.6

31 Mar 2024

₹5.8

31 Mar 2025

₹4.3

30 Sep 2025

Particulars	30 Sep 2025	31 Mar 2025	31 Mar 2024
Revenue from Operations	110.30	146.39	131.00
EBITDA	9.25	13.38	8.24
Profit After Tax (PAT)	4.26	5.79	2.60
Net Worth	16.03	12.16	6.37
Total Assets	116.34	106.13	80.25
Reserves & Surplus	5.59	11.29	5.50
Borrowings	56.02	50.98	53.94
EBITDA Margin (%)	9.18%	—	—
PAT Margin (%)	3.97%	—	—

P/BV Ratio

7.73

RoE

47.61%

RoCE

19.20%

RoNW

47.61%

PAT Margin

3.97%

EBITDA Margin

9.18%

Debt/Equity

4.19

Issue Structure & Shareholding

Total Shares Offered51,42,400 (100.00%)

Net Offer to Public48,83,200 shares (aggregating up to ₹43.95 Cr)

Reserved for Market Maker2,59,200 shares (aggregating up to ₹2.33 Cr)

Pre-Issue Promoter Holding1,04,40,000 shares

Post-Issue Promoter Holding1,55,82,400 shares

P/BV Ratio7.73

RoE47.61%

RoCE19.20%

Debt / Equity4.19

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MAS Services Ltd

(011) 2610 4142

ipo@masserv.com

https://www.masserv.com/opt.asp

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Book Running Lead Managers

Kreo Capital Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Shri Kanha Stainless Ltd IPO subscribed? ▲

Shri Kanha Stainless Ltd IPO is subscribed 1.00 times by Dec 05, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Shri Kanha Stainless Ltd IPO retail subscription status? ▼

The Shri Kanha Stainless Ltd IPO retail category is subscribed 1.00 times as of 05 Dec 2025. The retail portion is oversubscribed.

How to subscribe Shri Kanha Stainless Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 03 Dec 2025 and closes 05 Dec 2025. Min investment: ₹144,000 (1 lot = 1,600 shares). UPI mandate: 2025-12-05.

How many times Shri Kanha Stainless Ltd IPO subscribed? ▼

The Shri Kanha Stainless Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Shri Kanha Stainless Ltd IPO allotment? ▼

Check allotment on the registrar website (MAS Services Ltd) at https://www.masserv.com/opt.asp. Enter your PAN, application number or DP/Client ID. Allotment date: 08 Dec 2025. Refunds: on 09 Dec 2025.

When Shri Kanha Stainless Ltd IPO will be listed? ▼

The Shri Kanha Stainless Ltd IPO listing date is 10 Dec 2025, Wednesday. Listed on: NSE SME. Issue price: ₹90. Estimated listing: ₹90. GMP: NIL.

When Shri Kanha Stainless Ltd IPO close? ▼

The Shri Kanha Stainless Ltd IPO closes on 05 Dec 2025, Friday. UPI mandate: 2025-12-05. Allotment: 08 Dec 2025. Listing: 10 Dec 2025.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹90.00

Change—

Issue Price₹90.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹90

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹90

Subscribed1.00x

Open Date03 Dec 2025

Close Date05 Dec 2025

Allotment08 Dec 2025

Listing Date10 Dec 2025

ExchangeNSE SME

UPI Deadline2025-12-05