Shri Kanha Stainless shares made their market debut on the NSE SME on Wednesday, December 10, 2025. In an otherwise positive market, the shares opened at ₹88, slightly below the issue price of ₹90, and later hit the 5% lower circuit at ₹83.60, reflecting a cautious market response.
Market Performance
- IPO issue price: ₹90 per share
- Listing day open: ₹88
- Listing day low: ₹83.60 (5% lower circuit)
- SME IPO subscription: Nearly 3 times overall; retail portion nearly 5 times
Despite strong subscription numbers during the IPO, the stock debuted below its issue price, highlighting early volatility typical for SME listings.
Main News: Company and IPO Details
Shri Kanha Stainless is a manufacturer of precision stainless steel cold-rolled strips, offering a range of thin and ultra-thin variants. Its products cater to industries such as:
- Textile
- Automotive
- Chemical
- Electrical equipment
- Clocks and watches
- Flexible and capillary tubes
Shri Kanha Stainless issued 51.42 lakh shares at a ₹10 face value, seeking to mobilise ₹46.28 crore through the SME IPO.
The proceeds are earmarked for:
- Upgrading the manufacturing facility with a 1,150 mm 4-Hi AGC reversible rolling machine
- Repayment of secured and unsecured borrowings
- Funding working capital requirements
- General corporate purposes
The IPO opened for public subscription on 3 December 2025 and closed on 5 December 2025, with the allotment finalised on 8 December 2025.
Company Details
- Registrar: MAS Services Ltd.
- Book Running Lead Manager: Kreo Capital Private Limited
- Sector focus: Precision stainless steel products for diverse industries
- Strategic investment: Facility modernisation and debt repayment
Shri Kanha Stainless is now entering the trading phase on the NSE SME, with investors closely watching its price movements and market response in the coming sessions.
Summary
The listing of Shri Kanha Stainless IPO reflects a mixed debut, opening below the issue price and touching the lower circuit. With strong product offerings and a clear plan to enhance manufacturing capabilities, the company remains positioned to strengthen its SME market presence while catering to diverse industrial needs.
Easy & quick
Leave A Comment?