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15 Days Price Change

Shri Kanha Stainless IPO

Closing In

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Profile
Issue Size 46.28 Cr
Profile
Price Range 90  to  90 per share
Profile
Min Investment ₹90
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our company is a manufacturer of precision stainless steel cold rolled strips, offering a wide range of thin and ultra-thin variants designed to meet diverse industrial requirements. The company’s products are widely used across various sectors including the textile, automotive, chemical industries, as well as in flexible tubes, capillary tubes, clocks, watches, and electrical equipment. With a strong focus on quality, innovation, and customer satisfaction, the company aims to be a profitable, value-driven, and ethically sound enterprise. It emphasizes understanding customer needs through clear communication, delivering exceptional service, and maintaining high ethical standards in all operations. Our company manufactures coils in the 200, 300, and 400 stainless steel series, with thicknesses ranging from 0.08 mm to 2.00 mm, and offers slitting from 5 mm and above in hard or soft form based on customer requirements. The plant has a production capacity of 14,000 MTPA and is committed to ensuring the welfare of its employees, stakeholders, and local communities. Read More

Basic Info

Face Value 10 per share

Price 90  to  90 per share

P/E (x) 1.4

Sales( Cr.) 146

PAT( Cr.) 6

EPS 66.6

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Jai Bhagwan Agarwal Kavita Agarwal Shashank Agrawal Neha Agarwal

Pre Issue Share Holding 100%

Post Issue Share Holding 67%

Listing Details:

Listing Price: 88

Listing Gain: -2.27%

Current Price: 26.5

Gain On Issue: 26.5 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 03, 2025
Closing Date Dec 05, 2025
Allotment Dec 08, 2025
Refund Dec 09, 2025
Delivery of Shares Dec 09, 2025
Listing Date Dec 10, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3200 288,000
Retail (Max) -- -- --
S-HNI (Min) 1 3200 288,000
S-HNI (Max) 3 9600 864,000
B-HNI (Min) 4 12800 1,152,000

Objective of the Issue

1. Upgradation of existing manufacturing facility by installation of 1150 mm 4-Hi AGC Reversible Rolling Machine 2. Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by our Company 3. Funding of Working Capital Requirement of our Company 4. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 0 222400 0x
NII 0 1580800 0x
Retail 0 12012800 0x
EMP 0 0 0x
Total 0 13816000 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Shri Kanha Stainless Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 135 130 146
Other Income 1 1 1
Total Income 136 131 146
Total Expenditure 131 122 132
Operating Profit 6 9 14
Interest 4 4 5
Depreciation 1 1 2
Exceptional Income / Expenses 0 0 0
Profit Before Tax 1 4 8
Provision for Tax 0 1 2
Profit After Tax 1 3 6
Adjustments 0 0 0
Profit After Adjustments 1 3 6
Adjusted Earnings Per Share 0.7 2.5 5.5

Shri Kanha Stainless Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4 6 12
Minority's Interest 0 0 0
Borrowings 5 4 6
Other Non-Current Liabilities 0 0 0
Total Current Liabilities 48 70 88
Total Liabilities 57 80 106
Fixed Assets 17 16 17
Other Non-Current Assets 5 7 1
Total Current Assets 35 57 89
Total Assets 57 80 106

Shri Kanha Stainless Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 12
Cash Flow from Operating Activities 2 4 -8
Cash Flow from Investing Activities -3 -1 4
Cash Flow from Financing Activities 1 10 -8
Net Cash Inflow / Outflow 0 12 -12
Closing Cash & Cash Equivalent 0 12 0

Shri Kanha Stainless Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.69 2.49 5.55
CEPS(Rs) 1.93 3.78 7.01
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 3.61 6.1 11.65
Core EBITDA Margin(%) 3.35 6.45 9.34
EBIT Margin(%) 3.45 5.9 8.7
Pre Tax Margin(%) 0.7 2.7 5.27
PAT Margin (%) 0.53 2 3.97
Cash Profit Margin (%) 1.49 3.02 5.02
ROA(%) 1.26 3.79 6.21
ROE(%) 19.11 51.33 62.49
ROCE(%) 51.45 78.96 88.71
Receivable days 28.7 54.18 102.25
Inventory Days 35.49 30.32 42.22
Payable days 37.59 51.24 88.66
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.05 -0.05 0.05
EV/Core EBITDA(x) 1.03 -0.78 0.48
Net Sales Growth(%) 0 -3.45 11.82
EBIT Growth(%) 0 64.88 64.95
PAT Growth(%) 0 261.39 122.47
EPS Growth(%) 0 261.39 122.47
Debt/Equity(x) 1.4 0.63 0.49
Current Ratio(x) 0.73 0.82 1.01
Quick Ratio(x) 0.46 0.7 0.72
Interest Cover(x) 1.25 1.85 2.54
Total Debt/Mcap(x) 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 0% 0% 0%
Operating Profit CAGR 56% 0% 0% 0%
PAT CAGR 100% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 62% 44% 44% 44%
ROCE Average 89% 73% 73% 73%

Company Contact Information

Shri Kanha Stainless Ltd.

Arzoo Mantri

+91 925 704 3976

info@kanhastainless.com

Plot No. 70- B, Unit No. 401-402 4th Floor, Trimurty Prime Tower Nirwaroo Road, Jhotwara

IPO Lead Manager(s)

Shri Kanha Stainless Ltd.

KREO Capital Pvt Ltd.

Registrar Info

Shri Kanha Stainless Ltd.

MAS Services Ltd

AB-4, Safdarjung Enclave, New Delhi - 110029.

011-26104142/4326/4292

011-26181081

info@masserv.com

https://www.masserv.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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