What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Shri Kanha Stainless Limited IPO allotment date?

The basis of allotment for Shri Kanha Stainless Limited IPO is scheduled to be finalized on 8 Dec 2025.

Where can I check Shri Kanha Stainless Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Mas Services Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 9 Dec 2025.

Shri Kanha Stainless Limited

ListedSME

Manufacturing · NSE

Shri Kanha Stainless Limited, established in July 2015, is a manufacturer of precision stainless steel cold rolled strips, producing thin and ultra-thin materials used in industries like textiles, automotive, chemicals, clocks, watches, and electrical equipment. The company makes stainless steel coils in the 200, 300, and 400 series with thicknesses from 0.08 mm to 2.00 mm and slitting from 5 mm, available in hard or soft temper as per customer needs. Its product range includes stainless steel precision strips, circles, and sheets with a manufacturing capacity of 14,000 MTPA. The unit is located in Sikar, Rajasthan, and is certified with ISO 9001:2015 and multiple ISI standards for quality. With modern machinery and a skilled team, the company maintains strong customer relationships and a solid market presence, supported by an order book of ₹1,273.49 Lakhs as of November 25, 2025.

Price Band

₹90

Issue Size

₹46.28 Cr

Lot Size

1600 shares

GMP

—

Est. Listing

₹90

at current GMP

Subscribed

2.83x

overall

Open

3 Dec 2025

5 Dec 2025

Allotment

8 Dec 2025

Refund

9 Dec 2025

Demat Credit

10 Dec 2025

Listing

10 Dec 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Shri Kanha Stainless Limited Allotment Status

Designated Registrar: Mas Services Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

8 Dec 2025

Basis finalization

Refunds Initiate

9 Dec 2025

Mandate release

Demat Credit

10 Dec 2025

Shares in demat

Listing Debut

10 Dec 2025

Trading begins

How to Check Shri Kanha Stainless Limited IPO Allotment Status

Click the Check on Registrar button above to visit Mas Services Limited's allotment portal.
Select Shri Kanha Stainless Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Shri Kanha Stainless Limited Public Issue & Market Profile

Shri Kanha Stainless Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹46.28 Crores. The shares are offered at a price band of ₹90 to ₹90 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Mas Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-12-10, while un-allotted funds or UPI block mandates will be released on 2025-12-09.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.