31 Mar 2023
Assets57.03
Total Income136.47
EBITDA4.36
Profit After Tax0.72
NET Worth3.77
Reserves and Surplus2.90
Total Borrowing40.36
At a glance
Updated 2026-09-10Shri Kanha Stainless is a SME IPO with an issue size of ₹46.28 crore, proposed for listing on NSE SME. The offer opens on 3rd Dec 2025 and closes on 5th Dec 2025. The issue structure includes a fresh issue of ₹43.95 crore.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹46.28 Cr
Fresh issue₹43.95 Cr
Face value₹10
Price band—–—
Allotment8th Dec 2025
Listing10th Dec 2025
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹90.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens3rd Dec 2025
Closes5th Dec 2025
Allotment8th Dec 2025
Refund9th Dec 2025
Demat9th Dec 2025
Listing10th Dec 2025
Subscription demand
Full bidding ↗Retail4.91×
Total2.81×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 3200 | ₹288,000 |
| S-HNI (Min) | 3 | 4800 | ₹432,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Upgradation of existing manufacturing facility by installation of 1150 mm 4-Hi AGC Reversible Rolling Machine | ₹12.00 Cr |
| Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company | ₹18.00 Cr |
| Funding of Working Capital Requirement of the company | ₹5.48 Cr |
| General Corporate Purposes | ₹5.00 Cr |
| Issue expenses | ₹5.79 Cr |
| Total | ₹46.28 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue110.30₹ Cr · -24.7% vs prior year
EBITDA9.25₹ Cr · -30.9% vs prior year
PAT4.26₹ Cr · -26.4% vs prior year
Assets116.34₹ Cr · +9.6% vs prior year
Net Worth16.03₹ Cr · +31.8% vs prior year
Borrowing56.02₹ Cr · +9.9% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets80.25
Total Income131.00
EBITDA8.24
Profit After Tax2.60
NET Worth6.37
Reserves and Surplus5.50
Total Borrowing53.94
31 Mar 2025
Assets106.13
Total Income146.39
EBITDA13.38
Profit After Tax5.79
NET Worth12.16
Reserves and Surplus11.29
Total Borrowing50.98
30 Sep 2025
Assets116.34
Total Income110.30
EBITDA9.25
Profit After Tax4.26
NET Worth16.03
Reserves and Surplus5.59
Total Borrowing56.02
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 47.61% |
| ROCE | 19.20% |
| Debt / Equity | 4.19% |
| RoNW | 47.61% |
| PAT Margin | 3.97% |
| EBITDA Margin | 9.18% |
| Price to Book Value | 7.73 |
Valuation & shareholding
Pre-IPO EPS5.55
Post-IPO EPS5.46
Pre-IPO P/E16.23
Post-IPO P/E16.47
Promoter holding pre100%
Promoter holding post67%
Market cap₹140.24 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Shri Kanha Stainless IPO | — | 16.47 x | — | — |
| De Neers IPO | — | 13.10 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Upgradation of existing manufacturing facility by installation of 1150 mm 4-Hi AGC Reversible Rolling Machine | ₹12.00 Cr |
| Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company | ₹18.00 Cr |
| Funding of Working Capital Requirement of the company | ₹5.48 Cr |
| General Corporate Purposes | ₹5.00 Cr |
| Issue expenses | ₹5.79 Cr |
| Total | ₹46.28 Cr |
Registrar & lead managers
Registrar
MAS Services Ltd.Lead managers
- Kreo Capital Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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