Mumbai, Dec. 10 -- The stock listed at Rs 88, a 2.22% discount to the IPO price, and is currently frozen at its lower limit of 5% over the listing price. It touched a high of Rs 88 and a low of Rs 83.60, with 1.95 lakh shares traded on the exchange.

Shri Kanha Stainless' IPO was subscribed 2.68 times. The issue opened for bidding on 3 December 2025 and it closed on 5 December 2025. The price of the IPO was fixed at Rs 90 per share.

The IPO comprised fresh issue of 51,42,400 equity shares. The promoter and promoter group shareholding diluted to 67% from 100% pre-issue.

The company intends to utilise the net proceeds for the upgradation of the existing manufacturing facility by the installation of a 1150 mm 4-Hi AGC reversible rolling ma...