New Delhi, Dec. 8 -- Shri Kanha Stainless IPO opened for subscription on December 3 and closed on December 5. The SME IPO had garnered 2.67 times subscription on the final day of bidding.

The company had fixed the IPO price of Rs.90 per share, with a face value of Rs.10 per share.

Shri Kanha Stainless IPO is a fixed price offering amounting to Rs.46.28 crores. It consists solely of a fresh issue of 0.51 crore shares valued at Rs.46.28 crore. Kreo Capital Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue.

The allotment of the Shri Kanha Stainless IPO will be finalised on Monday, December 8. The shares of Shri Kanha Stainless IPO make its stock market debut on NSE SME on December 10.

The share...