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Shri Kanha Stainless Ltd
SteelIPOSME
₹90 - 90
Our promoters have started the company in 2015 with a vision of a leading Stainless Steel Sheet manufacturers in India of precision stainless steel cold rolled strips. Offering a wide choice of thin and ultra-thin Cold rolled strips, the precise properties of strips produced to meet the most requirements. They are in the business of converting HR coils into CR coils and manufacturing coils in standard sizes and thickness of grade 200, 300 and 400 series from 0.08mm - 2.00mm as required by the producer industries. Our main focus is to be a profitable, quality driven, value-conscious and customerfocused supplier.
Lot1,600Min Invest₹2,88,000Face Value₹10Issue Size₹46 CrFresh Issue₹46 CrListing Price₹88CMP₹21
Timeline
3 Dec
Bidding opens
5 Dec
Bidding closes
8 Dec
Allotment
9 Dec
Refund & demat credit
10 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹46 Cr0.51 Cr shares
Fresh Issue₹46 Cr
Face Value₹10
Lot Size1,600 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,88,0001-1 lots
sNII₹2,88,000from 2 lots
bNII₹10,08,000from 7 lots
Managers & Registrar
Lead ManagerKreo Capital Private Limited
RegistrarMAS Services Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100%66.97%Public0%33.03%
Objects of the Issue
- Upgradation of existing manufacturing facility by installation of 1150 mm 4-Hi AGC Reversible Rolling Machine
- Repayment/pre-payment, in part, of certain secured and unsecured borrowing availed by our Company
- Funding of Working Capital Requirement of our Company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 135 | 130 | 146 | 206 |
| Operating ProfitCr | 4 | 8 | 13 | 18 |
| OPM% | 3.2 | 6.3 | 9.2 | 8.6 |
| PBTCr | 1 | 4 | 8 | 12 |
| PATCr | 1 | 3 | 6 | 9 |
| EPS | 8 | 30 | 67 | 7 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | - |
| ReservesCr | 3 | 6 | 11 | - |
| BorrowingsCr | 5 | 4 | 6 | - |
| Total AssetsCr | 57 | 80 | 106 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 2 | 4 | -8 | -31 |
| Investing Cash FlowCr | -3 | -1 | 4 | -6 |
| Financing Cash FlowCr | 1 | 10 | -8 | 41 |
| Net Cash FlowCr | 0 | 12 | -12 | 4 |
Strengths & Risks
Strengths · as stated in the DRHP
- A private sector manufacturer of cold rolled stainless sections in India.
- Long term sourcing arrangements for components.
- Effective Cost Control Management.
- Quality Assurance and Quality Control of our products.
- Strong Order Book.
Risks · as stated in the DRHP
- The company expansion into new product categories and an increase in the number of products offered by it may expose it to new challenges and more risks.
- The Company has negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The company generate its major portion of sales from the company operations in certain geographical regions. Any adverse developments affecting its operations in these regions could has an adverse impact on the company revenue and results of operations.
- Significant Related Party Transactions with Group Company (Navbharat Tubes Private Limited) for Sales and Purchases.
- Its outstanding litigations involving the Company which, if determined adversely, may adversely affect its business and financial condition.
- Its highly depend on the company raw materials and a few key suppliers who help it procure the same. In the event the company unable to procure adequate amounts of raw materials, at competitive prices the company business, results of operations and financial condition may be adversely affected.