Shri Kanha Stainless IPO Opens December 3: Key Details Investors Need
Shri Kanha Stainless Limited is launching its ₹46.28 crore fixed-price IPO on December 3, 2025, offering 51 lakh fresh equity shares to investors. The stainless steel manufacturer shows strong financial growth with 122% PAT increase last fiscal year.
Key IPO Details
Subscription Dates: December 3-5, 2025
Price Band: Fixed at ₹90 per share
Minimum Investment: ₹2,88,000 (3,200 shares)
Listing: NSE SME on December 10, 2025
IPO Proceeds Allocation
The company will utilize the raised capital across strategic areas:
- Manufacturing Upgrade: ₹12 crore for installing advanced rolling machinery
- Debt Reduction: ₹18 crore to repay secured and unsecured loans
- Working Capital: ₹5.48 crore for operational requirements
- Corporate Purposes: ₹5 crore for general business activities
Company Overview
Established in 2015, Shri Kanha Stainless specializes in precision cold-rolled stainless steel strips used across multiple industries including automotive, textiles, and electrical equipment. The company operates a 14,000 MTPA capacity plant in Sikar, Rajasthan, and maintains an impressive order book of ₹127.35 crore as of November 2025.
Financial Highlights
The company demonstrates robust financial performance with revenue growth of 12% to ₹146.39 crore and profit surge of 122% to ₹5.79 crore in the last fiscal year. For the period ending September 2025, revenue stood at ₹110.30 crore with PAT of ₹4.26 crore.
IPO Team
- Lead Manager: Kreo Capital Pvt Ltd
- Registrar: MAS Services Ltd
- Market Maker: Giriraj Stock Broking Pvt Ltd
- Promoters: Jai Bhagwan Agarwal, Kavita Agarwal, Shashank Agarwal, and Neha Agarwal
Investors looking for exposure in the growing stainless steel sector may find this IPO particularly interesting given the company’s expanding order book and manufacturing capabilities.
