Shri Kanha Stainless is launching a fixed-price SME IPO of 51.42 lakh shares at ₹90 per share, open for subscription from December 3 to 5, 2025, with listing on NSE SME expected by December 10. The IPO aims to fund facility upgrades and debt repayment.
Shri Kanha Stainless Limited is set to launch its SME IPO, offering 51,42,400 equity shares at a fixed price of ₹90 per share. The subscription window opens on December 3 and closes on December 5, 2025. Investors can expect allotment by December 8 and tentative listing on NSE SME by December 10. The IPO is a fresh issue, with no offer for sale, and is targeted at retail, HNI, and institutional investors.
Notable Updates:
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The IPO is a fixed-price issue, not a book-built offer.
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Total issue size is ₹46.28 crore, with each share having a face value of ₹10.
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The lot size is set at 1,600 shares, with a minimum application of 3,200 shares (2 lots), amounting to ₹2,88,000 for retail investors.
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Proceeds will be used for upgrading manufacturing facilities, repaying debt, and meeting working capital needs.
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Allotment is expected on December 8, with demat credit and refund processing by December 9.
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The shares will be listed on NSE SME.
Major Takeaways:
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Subscription period: December 3–5, 2025.
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Listing date: Tentative December 10, 2025.
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Issue price: ₹90 per share.
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Minimum investment: ₹2,88,000 (3,200 shares).
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Lead Manager: Kreo Capital Pvt. Ltd.
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Registrar: MAS Services Ltd.
Important Points:
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The IPO is open for retail, HNI, and institutional investors.
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Application process is supported via ASBA or UPI through registered brokers.
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The company’s promoters will retain a 67% stake post-issue.
Sources: Chittorgarh, IPO Watch, Motilal Oswal, Investor Zone, IPO Central, Free Press Journal, Moneycontrol, IPO Platform, India IPO, Bajaj Finserv, MStock, Kotak Securities