
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
Close
5 Dec 2025
Allotment
8 Dec 2025
Refund
9 Dec 2025
Demat Credit
10 Dec 2025
Listing
10 Dec 2025
Overall Subscription
2.83x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.74x
High Net-Worth
Retail (RII)
4.92x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 2,441,600 | 1,803,200 | 0.74x |
| RETAIL | 2,441,600 | 12,012,800 | 4.92x |
| Total | 4,883,200 | 13,816,000 | 2.83x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 1 | 0.00x |
| NIB | — | 179 | 0.00x |
| RETAIL | 763 | 3,754 | 4.92x |
| Total Applications | 763 | 3,934 | 5.16x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
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.
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.
Currently, Shri Kanha Stainless Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹90 to ₹90 per equity share.
The retail lot size is 1600 shares requiring a minimum application amount of ₹1,44,000. Expected listing price is ₹90 per equity share.
The Shri Kanha Stainless Limited IPO aggregate issue size is ₹46.28 Crores with an equity price band set at ₹90 to ₹90 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,44,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.83x (Retail: 4.92x, QIB: 0.00x, NII: 0.74x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Mas Services Limited) and the BSE status verification website on or around 2025-12-08. Investors can verify status using PAN card or application number.
Shri Kanha Stainless Limited shares are scheduled to list on NSE on 2025-12-10.