Shri Kanha Stainless Ipo
Shri Kanha Stainless IPO Review & Key Points
Review: Neutral
Rating: 2
IPO Lead Managers aka Merchant Bankers
Kreo Capital Pvt. Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,88,000 |
| Retail Maximum | 2 | 3,200 | ₹2,88,000 |
| S-HNI Minimum | 3 | 4,800 | ₹4,32,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| NII Shares Offered | 24,41,600 Shares | 47.48% |
| Retail Shares Offered | 24,41,600 Shares | 47.48% |
| IPO Open Date: | December 3, 2025 |
| IPO Close Date: | December 5, 2025 |
| Basis of Allotment: | December 8, 2025 |
| Refunds: | December 9, 2025 |
| Credit to Demat Account: | December 9, 2025 |
| IPO Listing Date: | December 10, 2025 |
| IPO Bidding Cut-off Time: | December 5, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,04,40,000 | 100% |
| Promoter Holding Post Issue | 1,55,82,400 | 67% |
| Purpose | Crores |
| Upgradation of existing manufacturing facility by installation of 1150 mm 4- Hi AGC Reversible Rolling Machine | ₹12.00 |
| Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company | ₹18.00 |
| Funding of Working Capital Requirement of the Company | ₹5.48 |
| General Corporate Purpose | ₹5.00 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹136.47 | ₹135.52 | ₹0.72 | ₹57.03 |
| 2024 | ₹131.00 | ₹127.47 | ₹2.60 | ₹80.25 |
| 2025 | ₹146.39 | ₹138.70 | ₹5.79 | ₹106.13 |
| September 2025 | ₹110.30 | ₹104.31 | ₹4.26 | ₹116.34 |
| KPI | Values |
| ROE: | 47.61% |
| ROCE: | 19.20% |
| EBITDA Margin: | 9.18% |
| PAT Margin: | 3.97% |
| Debt to equity ratio: | 4.19 |
| Earning Per Share (EPS): | ₹5.55 (Basic) |
| Price/Earning P/E Ratio: | 16.23 |
| Return on Net Worth (RoNW): | 47.61% |
| Net Asset Value (NAV): | ₹11.65 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Hisar Metal Industries Limited | 5.89 | 35.09 | 9% | 116.00 | – Cr. |
| Quality Foils (India) Limited | 4.97 | 15.30 | 4% | 106.00 | – Cr. |
| IPO Open Date | December 3, 2025 |
| IPO Close Date | December 5, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹90 Per Share |
| Issue Size | Approx ₹46.28 Crores |
| Fresh Issue | Approx ₹46.28 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |