Shri Kanha Stainless IPO
Shri Kanha Stainless Limited
Minimum investment
Shri Kanha Stainless IPO Details
Bidding date
03 Dec - 05 Dec 2025
Price range
₹90 - ₹90
Minimum quantity
3,200
Minimum investment
₹1,44,000
Issue size
₹46.28 Cr.
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Shri Kanha Stainless IPO Dates & Timeline
About Shri Kanha Stainless IPO: Company Overview
Shri Kanha Stainless Ltd., incorporated in July 2015, specializes in manufacturing precision stainless steel cold-rolled strips. The company provides a wide range of thin and ultra-thin steel products used across diverse industrial sectors.
Its offerings cater to industries such as textiles, automotive, chemicals, electrical equipment, clocks, watches, and capillary tube applications. The company manufactures stainless steel coils in 200, 300, and 400 series with thickness ranging from 0.08 mm to 2.00 mm. Slitting begins at 5 mm and is available in both soft and hard tempers based on customer requirements.
The company operates with a manufacturing capacity of 14,000 MTPA and holds certifications including ISO 9001:2015, ISI 15997:2012, IS 5522:2014, and IS 6911:2017. Its production facility is located in Sikar, Rajasthan. As of November 25, 2025, the organization has an active order book of Rs 1,273.49 Lakhs.
Strengths & Risks of Shri Kanha Stainless IPO
Strong Industry Presence: The company has a well-recognized presence in the stainless steel precision strip manufacturing sector, helping it maintain credibility and demand in the market.
Certified Quality Standards: With multiple certifications like ISO and ISI, the company ensures high product quality, compliance, and reliability, which strengthens customer confidence.
Consistent Business Orders: A healthy and growing order book reflects strong demand and stable revenue visibility, supporting long-term business sustainability.
Efficient Cost Management: The company follows effective cost-control strategies that help maintain competitive pricing and support better profitability margins.
Advanced Manufacturing Capability: Its ability to produce precision stainless steel in very low thickness (up to 0.08 mm) provides a technological edge over competitors.
High Leverage Profile: The company currently has a high debt-to-equity ratio, which may result in increased financial pressure until debt is reduced using IPO proceeds.
Sector Concentration: The business depends on limited industrial segments, making revenue vulnerable to sector-specific downturns or fluctuations.
Raw Material Cost Sensitivity: Changes in stainless steel prices and raw material availability may affect production cost and profit margins.
SME Listing Limitation: Being listed on the NSE SME platform may result in lower liquidity and limited institutional investor participation compared to mainboard listings.
Competitive Market Pressure: The company faces competition from domestic and international manufacturers, which may impact pricing strategies and market share.
Shri Kanha Stainless Financials: Revenue, Profit & EBITDA
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How to Apply for Shri Kanha Stainless IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.