Shri Kanha Stainless IPO Shows Modest Response, Subscribed 2.81x on Day 3

Shri Kanha Stainless Limited's initial public offering (IPO) has demonstrated modest investor interest through its third day of subscription. The issue price is ₹90 per share. The ₹46.28 crore IPO reached 2.81 times by 4:59:59 PM on day three. This indicates modest investor interest in this precision stainless steel cold rolled strips manufacturer incorporated in 2015.

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Shri Kanha Stainless IPO subscription reached modest 2.81 times on day three. It was led by Individual Investors (4.91x) and Non-Institutional Investors (0.61x). Total applications reached 3,919.

Subscription Status of Shri Kanha Stainless IPO:

Here are the subscription details for Shri Kanha Stainless IPO as of Day 3 (December 5, 2025, 4:59:59 PM):

Key Highlights - Day 3:

• Overall subscription reached modest 2.81 times, showing substantial improvement from day two's 1.80 times
• Individual investors displaying strong confidence at 4.91 times, building substantially from day two's 3.22 times, indicating healthy retail interest for this SME IPO
• Total applications reached 3,919, showing limited investor participation for this SME IPO
• Cumulative bid amount reached ₹123.45 crores, significantly exceeding the net offer size of ₹43.95 crores (excluding market maker portion) by approximately 2.8 times
• Market makers fully subscribed their allocation of ₹2.33 crores
   

Key Highlights - Day 2:

• Overall subscription reached moderate 1.80 times, showing substantial improvement from day one's 0.40 times
• Individual investors displaying moderate confidence at 3.22 times, building substantially from day one's 0.55 times
• Non-institutional investors showing weak performance at 0.38 times, marginally improving from day one's 0.25 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.40 times, showing cautious initial investor interest
• Individual investors displaying weak confidence at 0.55 times, showing subdued retail sentiment
• Non-institutional investors showing weak performance at 0.25 times, indicating very weak HNI appetite

About Shri Kanha Stainless Limited

Incorporated in July 2015, 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's products are used across industries like textiles, automotive, chemicals, and in applications such as flexible and capillary tubes, clocks, watches, and electrical equipment.