Shri Kanha Stainless came to market through an SME IPO that opened on 3 December 2025 and closed on 5 December 2025, and the shares listed on 10 December 2025 on NSE SME. The price band was ₹90 per share and one lot was 1600 shares, so the minimum application was ₹1,44,000. The issue size was ₹46.28 crore. The whole issue was fresh shares, so the money raised went to the company.
MAS Services Limited was the registrar to the issue, and Kreo Capital Pvt.Ltd was the lead manager.
As of 5 December 2025.
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Incorporated in July 2015, Shri Kanha Stainless Limited specializes in the manufacture of precision stainless steel cold-rolled strips in a wide variety of thin and ultra-thin thicknesses to cater to diverse industrial needs. Its products are utilized in industries like textiles, automobiles, chemicals, and in applications related to flexible and capillary tubes, clocks, watches, and electrical equipment. The company manufactures stainless steel coils in 200, 300, and 400 series, with thickness varying from 0.08 mm to 2.00 mm.
Slitting starts at 5 mm, available in hard and soft tempers depending upon the customer's requirement. Production capacity: 14,000 MTPA. The company's product portfolio consists of: 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 manufacturing unit of the company is situated in Sikar, Rajasthan.
As on Nov 25, 2025, it has an order book of Rs 1,273.49 Lakhs.
As described in the offer document.
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Mr. Jai Bhagwan Agarwal, Mrs. Kavita Agarwal, Mr. Shashank Agrawal, Ms. Neha Agarwal. Promoter holding 100% before the issue and 67% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shri Kanha Stainless IPO was a ₹46.28 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹90 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,88,000). The IPO was open from December 3 to December 5, 2025 and was subscribed 2.82x. Shares listed on NSE SME on December 10, 2025 at ₹88, a 2.2% discount to the issue price of ₹90. MAS Services Limited is the registrar.
Kreo Capital Pvt. Ltd. is the book running lead manager.
The issue price of Shri Kanha Stainless IPO is ₹90 per share (fixed price).
The lot size of Shri Kanha Stainless IPO is 1600 shares.
The minimum investment for Shri Kanha Stainless IPO is approximately ₹2,88,000 based on the issue price.
The allotment date of Shri Kanha Stainless IPO is Dec 8, 2025.
You can check Shri Kanha Stainless IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shri Kanha Stainless IPO allotment status on Rupix for quick and easy access.
₹90 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,44,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,44,000, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 3 December 2025 and closed on 5 December 2025.
The basis of allotment was published on 8 December 2025 by MAS Services Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 10 December 2025 on NSE SME.
The issue size was ₹46.28 crore. The fresh issue was 51,42,400 shares (aggregating up to ₹46.28 crore).