How to Check Shri Kanha Stainless IPO Allotment Status

Shri Kanha Stainless Limited specializes in the manufacturing of precision stainless steel cold rolled strips, offering a wide variety of thin and ultra-thin options to cater to diverse industrial needs. The company was incorporated in July 2015. Its products are used across industries like textiles, automotive, chemicals, and in applications such as flexible and capillary tubes, clocks, watches, and electrical equipment.

The company produces stainless steel coils in 200, 300, and 400 series, with thicknesses from 0.08 mm to 2.00 mm. Slitting starts from 5 mm, available in hard and soft tempers based on customer needs. The company has a manufacturing capacity of 14,000 MTPA. The company's product portfolio includes cold rolling of stainless-steel precision strips, stainless steel circle, and stainless steel sheet.

It is accredited with ISO 9001: 2015, ISI certification 15997:2012 for Low Nickel Austenitic Stainless-Steel Sheet for utensils and appliances, IS 5522:2014, and IS 6911:2017 for stainless steel sheets, strips, and plates. The company's manufacturing unit is situated in Sikar, Rajasthan. As on November 25, 2025, it has an order book of Rs 1,273.49 Lakhs.

As of September 30, 2025, Shri Kanha Stainless had total assets of ₹116.34 crore.

The Shri Kanha Stainless IPO came with a total issue size of ₹46.28 crore, comprising entirely a fresh issue of ₹46.28 crore. The IPO opened on December 3, 2025, and closed on December 5, 2025. The allotment is expected on Monday, December 8, 2025. The issue price was fixed at ₹90 per share.

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Steps to Check Shri Kanha Stainless IPO Allotment Status on Registrar Site

• Visit the MAS Services Ltd. 
• Select "Shri Kanha Stainless" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Shri Kanha Stainless IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Shri Kanha Stainless" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Shri Kanha Stainless IPO Subscription Status

Shri Kanha Stainless IPO received modest investor interest, being subscribed 2.81 times overall. Here is the category-wise breakdown as of 4:59:59 PM on December 5, 2025:

• Non-Institutional Investors (NII): 0.61 times
• Retail Investors: 4.91 times
   

Shri Kanha Stainless IPO Share Price and Investment Details

The minimum investment required was ₹2,88,000 for 2 lots (3,200 shares). Given the overall subscription of 2.81 times with NII participation at 0.61 times and moderate retail subscription at 4.91 times, the share price listing expectations remain modest.

Utilisation of IPO Proceeds

The proceeds will be utilized for upgradation of existing manufacturing facility by installation of 1150 mm 4-Hi AGC Reversible Rolling Machine (₹12.00 crore), repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by the Company (₹18.00 crore), funding of working capital requirement of the Company (₹5.48 crore), and general corporate purposes (₹5.00 crore).

Business Overview

Shri Kanha Stainless Limited is engaged in manufacturing of precision stainless steel cold rolled strips and other products. The company posted financial performance for the reported periods and operates in a competitive and fragmented segment.

The company demonstrated financial performance with a 12% revenue increase and a 122% PAT rise between FY24 and FY25. It maintains financial metrics with a 47.61% ROE and a debt-equity ratio of 4.19. The company marked growth in its profitability.

The company benefits from being a reputed private sector manufacturer of cold rolled stainless sections in India, effective cost control management, quality assurance and quality control of the products, centralized location to cater to major markets like Delhi and Mumbai, and manufacturing of low thickness up to 0.08 mm. However, investors should note the post-issue P/E ratio of 16.47 and Price to Book Value of 7.73.