Shri Kanha Stainless Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Shri Kanha Stainless Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹90
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,44,000
Issue Size
₹46.28 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Shri Kanha Stainless Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
66.97%
Issue Type
Fixed Price - SME
ISIN
INE1V4601019
About the Company
Our promoters have started the company in 2015 with a vision of a leading Stainless Steel Sheet manufacturers in India of precision stainless steel cold rolled strips. Offering a wide choice of thin and ultra-thin Cold rolled strips, the precise properties of strips produced to meet the most requirements. They are in the business of converting HR coils into CR coils and manufacturing coils in standard sizes and thickness of grade 200, 300 and 400 series from 0.08mm - 2.00mm as required by the producer industries. Our main focus is to be a profitable, quality driven, value-conscious and customerfocused supplier.
Industry Overview
One of the primary forces behind industrialization has been the use of metals. Steel has traditionally occupied a top spot among metals. Steel production and consumption are frequently seen as measures of a country's economic development because it is both a raw material and an intermediary product. Therefore, it would not be an exaggeration to argue that the steel sector has always been at the forefront of industrial progress and that it is the foundation of any economy. The Indian steel industry is classified into three categories - major producers, main producers, and secondary producers.
Company History
Shri Kanha Stainless Limited (the "Company" or the "Issuer") was incorporated under the name and style of `Kanha Stainless Private Limited', a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated July 10, 2015 issued by the, Registrar of Companies, Rajasthan at Jaipur. Subsequently, pursuant to resolutions passed by our Board of Directors in their meeting held on October 12, 2017 and by our Shareholders in the extraordinary general meeting held on October 23, 2017, the name of our Company was changed to `Shri Kanha Stainless Private Limited' and a fresh certificate of incorporation dated November 09, 2017 was issued by the Registrar of Companies, Rajasthan at Jaipur. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in their meeting held on July 11, 2024 and by our Shareholders in an extraordinary general meeting held on August 09, 2024 and consequently the name of our Company was changed to `Shri Kanha Stainless Limited' and a fresh certificate of incorporation dated August 30, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The promoters have started the company in 2015 with a vision of a leading Stainless Steel Sheet manufacturers in India of precision stainless steel cold rolled strips.
- Offering a wide choice of thin and ultra-thin Cold rolled strips, the precise properties of strips produced to meet the most requirements.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
public issue of 51,42,400 equity shares of face value Rs. 10/- each ("equity shares") of the company for cash at a price of Rs. 90/- per equity share (Including a Securities Premium of Rs.80/- Per Equity Share) (the "Issue Price"), aggregating Rs.46.28 crores ("Issue") out of which, 2,59,200 equity shares aggregating to Rs. 2.33 crores is reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 48,83,200 equity shares of face value of Rs. 10/- each at an issue price of Rs. 90/- per equity share aggregating to Rs. 43.95 crores is hereinafter referred to as the "Net Issue". The issue and the net issue constitutes 33.00% and 31.34%, respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 90/- for equity share of face value of Rs. 10 each. The floor price is 9.00 times times the face value times of the face value of the equity shares. Bids can made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- A private sector manufacturer of cold rolled stainless sections in India.
- Long term sourcing arrangements for components.
- Effective Cost Control Management.
- Quality Assurance and Quality Control of our products.
- Strong Order Book.
- The company expansion into new product categories and an increase in the number of products offered by it may expose it to new challenges and more risks.
- The Company has negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The company generate its major portion of sales from the company operations in certain geographical regions. Any adverse developments affecting its operations in these regions could has an adverse impact on the company revenue and results of operations.
- Significant Related Party Transactions with Group Company (Navbharat Tubes Private Limited) for Sales and Purchases.
- Its outstanding litigations involving the Company which, if determined adversely, may adversely affect its business and financial condition.