Shri Kanha Stainless IPO
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Shri Kanha Stainless IPO details
Schedule of Shri Kanha Stainless
| Issue open date | 03 Dec 2025 |
| Issue close date | 05 Dec 2025 |
| UPI mandate deadline | 05 Dec 2025 (5 PM) |
| Allotment finalization | 08 Dec 2025 |
| Refund initiation | 09 Dec 2025 |
| Share credit | 09 Dec 2025 |
| Listing date | 10 Dec 2025 |
| Mandate end date | 20 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 07 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 08 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shri Kanha Stainless
Shri Kanha Stainless Limited, incorporated in 2015 in Jaipur, is a manufacturer and trader of stainless steel products. It specialises in producing high-quality cold rolled (CR) stainless steel strips, converting hot rolled (HR) coils into CR coils across 200, 300, and 400 series grades, in thicknesses ranging from 0.08 mm to 2.00 mm.
Its operations cater to multiple industry segments through a network of 40–50 dealers and traders, offering slitting services for materials 5 mm and above. The company focuses on thinner-gauge, value-added stainless steel products that offer higher margins.
The business model integrates manufacturing, processing, and trading, supported by an installed production capacity of 14,000 MT and consistent capacity utilisation aligned with market demand.
Shri Kanha Stainless’ strengths include consistent quality, diversified industry applications, dealer-driven distribution, and a focus on premium stainless steel solutions.
Financials of Shri Kanha Stainless
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 46.28 |
| Fresh Issue – Proceeds go to the company | 46.28 |
Utilisation of proceeds
| Purpose | INR crores |
| Upgradation of the existing manufacturing facility | 12 (25.94%) |
| Repayment / pre-payment of secured & unsecured borrowings | 18 (38.89%) |
| Funding working capital requirements | 5.48 (11.84%) |
| General corporate purposes | 5 (11%) |
Strengths
- Diverse stainless-steel product range across multiple grades and thicknesses.
- Strong dealer and trader network supporting steady demand.
- Experienced promoters with industry knowledge.
- Established manufacturing capabilities with value-added processes.
- Consistent focus on quality and thin-gauge precision products.
Risks
- High dependence on external raw material suppliers.
- Exposure to fluctuations in steel prices and market demand.
- Significant working capital requirements may affect liquidity.
- Competition from organised and unorganised steel manufacturers.
- Businesses are sensitive to economic cycles and industry downturns.
Allotment Status for Shri Kanha Stainless
To check your IPO allotment status:
- Visit the MAS services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Shri Kanha Stainless
As per media reports (Link), the Grey Market Premium (GMP) of Shri Kanha Stainless is reported at ₹22 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on December 03, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 24.41 | 5.98 | 0.25x |
| Retail | 24.41 | 13.12 | 0.54x |
| Total | 48.83 | 19.10 | 0.39x |