Support and Resistance Levels
Past performance
About Shri Kanha Stainless Ltd Shri Kanha Stainless Limited, incorporated on July 10, 2015, is a precision stainless steel manufacturer specializing in thin and ultra-thin cold rolled strips. Initially established as Kanha Stainless Private Limited, the company underwent multiple transformations in structure and name, with its current status as a public limited company under the name Shri Kanha Stainless Limited, effective from August 30, 2024.
The company caters to industries such as textiles, automotive, chemicals, and electrical equipment, along with niche applications like flexible and capillary tubes, clocks, and watches. Its primary operation involves converting hot rolled (HR) coils into cold rolled (CR) coils, producing stainless steel strips in grades 200, 300, and 400. These are manufactured in standard sizes and thicknesses ranging from 0.08mm to 2.00mm, aligning with industry-specific requirements.
Shri Kanha Stainless Limited positions itself as a key player in India's stainless steel production sector, emphasizing high precision and quality in its offerings. The promoters, leveraging their expertise since the company’s inception, have established themselves as prominent manufacturers of stainless steel sheets and cold rolled coils.
The company plans to launch an initial public offering (IPO) to fund its expansion and operational requirements. The IPO constitutes a fresh issuance of 51,50,000 equity shares, each with a face value of Rs. 10. This move signifies the company's strategic ambitions to grow and capitalize on demand across its target industries.