Shri Kanha Stainless Limited IPO

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Shri Kanha Stainless Limited was originally incorporated on July 10, 2015, The company specializes in manufacturing high-precision stainless-steel cold rolled strips, circles, and sheets across the 200, 300, and 400 steel series. Its product portfolio caters to diverse industries including textiles, automotive, chemicals, electricals, capillary tubes, flexible tubes, clocks, and watches. With thickness offerings from 0.08 mm to 2.00 mm and slitting options of 5 mm and above, the company serves varied customer requirements with a strong emphasis on quality, customization, and reliability. Headquartered in Jaipur, the company has steadily evolved into a reputable manufacturer of precision stainless-steel cold rolled strips and related products.

Product Range

1. Cold Rolled Stainless-Steel Precision Strips
2. Stainless Steel Circles
3. Stainless Steel Sheets

These products are tailored to meet stringent industrial specifications and customer-driven requirements.

Competitive Strengths 

1. Reputed stainless-steel manufacturer offering a wide range of cold rolled stainless sections across 200, 300, and 400 series.
2. Strong cost-control systems ensure stable margins despite rising raw material and operational costs.
3. Experienced management team with deep industry knowledge and decades of manufacturing expertise.
4. Robust quality assurance framework supported by in-house laboratories and multiple ISO and ISI certifications.
4. Consistently growing order book backed by timely execution, competitive pricing, and long-standing customer relationships

Objects of the Shri Kanha Stainless Limited IPO:

Company proposes to utilize the Net Proceeds towards the following objects: 1. Upgradation of existing manufacturing facility by installation of Reversible Rolling Machine (₹12 cr) 2. Repayment/pre-paymen of certain secured and unsecured borrowing (₹18 cr) 3. Working Capital Requirement (₹5.48 cr) 4. General Corporate Purposes.

Shri Kanha Stainless Limited IPO Details:

Open Date: Dec 03 2025
Close Date: Dec 05 2025
Total Shares: 51,42,400
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 46.28 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 90 Per Equity Share
Listing At: NSE Emerge
Listing Date: Dec 10 2025

Promoters And Management:

1. Mr. Jai Bhagwan Agarwal (60) – Chairman, Managing Director & Promoter, founder of the Company and Navbharat Tubes Pvt. Ltd., he brings 30+ years of experience in the stainless-steel industry. His leadership has been central to establishing Shri Kanha Stainless as a trusted and quality-focused brand. 2. Mr. Shashank Agrawal (36) – Whole-Time Director & Promoter, a Planning & Entrepreneurship graduate from IIPM Jaipur, he has 13+ years of industry experience. He oversees the company’s commercial operations and also serves as a director in other group entities, contributing strong leadership and strategic insight. 3. Mrs. Kavita Agarwal (57) – Non-Executive Director & Promoter, a graduate in Arts from the University of Rajasthan, she has been associated since incorporation and served as Director since 2017. Now a Non-Executive Director (since March 2027), she contributes to governance and strategic oversight, and is also a Director in Navbharat Tubes Pvt. Ltd.

Financials of Shri Kanha Stainless Limited IPO:

Particulars 6M FY2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 110.22 145.79 130.37 135.03
EBITDA (Cr) 9.24 13.38 8.24 4.36
EBITDA Margins 8.39% 9.18% 6.32% 3.23%
PAT (Cr) 4.25 5.79 2.6 0.72
PAT Margins 3.86% 3.97% 2.00% 0.53%
ROCE 11.64% 19.20% 13.22% 7.37%
D/E Ratio 3.49 4.19 8.47 10.71
OPerating Cash Flow -2.65 -8.77 3.98 2.33

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Shri Kanha Stainless Limited 145.79 9.18% 3.97% 19.20% 4.19 140.24 24.22
Hisar Metal Industries Limited 245 6% 1.22% 9.37% 1.07 93 37.80
Quality Foils (India) Limited 151 3% 0.66% 4.19% 2.21 19 13.20
NOTE:Forward P/E 16.50 is According to FY 2026 PAT

Lead Manager of Shri Kanha Stainless Limited IPO:

  1. Kreo Capital Private Limited

Registrar of Shri Kanha Stainless Limited IPO:

  1. MAS Services limted

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