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SHRIKANHA IPO

SHRI KANHA STAINLESS LIMITED

IPO Doc

Start Date03-12-2025

Application Timing10am-5pm

Price Range₹90 - ₹90

Min Qty1600

Min. Investment₹144000

Listing Date10-12-2025

Close Date05-12-2025

About SHRI KANHA STAINLESS LIMITED

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.

Why To Invest in SHRI KANHA STAINLESS LIMITED

Strong Industry Position : Shri Kanha Stainless Ltd. is recognized as a reputed private sector manufacturer of cold-rolled stainless sections, offering a competitive advantage in a growing industrial sector.

Growing Financial Performance : The company has demonstrated strong growth, with revenue increasing by 12% and PAT rising by 122% between FY 2024 and FY 2025.

Operational Strength & Capacity Expansion : A part of the IPO proceeds is allocated toward upgrading production machinery, which may enhance capability and future scalability.

Healthy Return Ratios : With ROE and RoNW at 47.61%, the financial indicators reflect strong operational efficiency and profitability.

Strategic Market Location : The centralized manufacturing unit enables access to major industrial hubs such as Delhi and Mumbai, optimizing market coverage and logistics efficiency.

Financial Table

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	116.34	106.13	80.25	57.03
Total Income	110.30	146.39	131.00	136.47
Profit After Tax	4.26	5.79	2.60	0.72
EBITDA	9.25	13.38	8.24	4.36
NET Worth	16.03	12.16	6.37	3.77
Reserves and Surplus	5.59	11.29	5.50	2.90
Total Borrowing	56.02	50.98	53.94	40.36

Strengths And Risks

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.

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

Attention Investors:

Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
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Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
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The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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SHRIKANHA IPO

About SHRI KANHA STAINLESS LIMITED

Why To Invest in SHRI KANHA STAINLESS LIMITED