Kanishk Aluminium India IPO
Open SmeCurrent GMP
₹7 (+9.59%)
Price Band
₹ 73 – 73
Lot Size
1600
Issue Size
₹29 Cr
Minimum Investment
₹233600 (3200 Shares)
Listing Date
04 February 2026
Subscription
1.1x
About the Company
Kanishk Aluminium India Ltd., incorporated in 2022, is a Jodhpur-based manufacturer specialising in a comprehensive range of aluminium extrusion products. The company operates from a modern manufacturing facility spread across approximately 4,000 square metres in Jodhpur, Rajasthan—popularly known as the Blue City.
The company caters to a wide spectrum of industries, including electronics, automotive, solar energy, furniture, transportation, electrical, and architectural sectors, offering high-quality and customised aluminium profile solutions tailored to diverse application requirements.
Product Portfolio
Aluminium Extrusions
- Solid and hollow section profiles
- Solar profiles
- Heatsinks
- Railing systems
- Sliding and fixed window and door profiles
Engineering Products
- Aluminium channels and sections
- Flat bars and tubes
- Available in various finishes, tolerances, and tempers to meet specific customer needs
Hardware & Architectural Solutions
- Kitchen profiles
- Railing systems
- Customised architectural and interior aluminium applications
As of November 30, 2025, Kanishk Aluminium India Ltd. employed 46 personnel across operations, quality control, administration, and business development functions, supporting efficient manufacturing processes and consistent product quality.
Promoters
- Mr. Parmanand Agarwal
- Mrs. Khusboo Agarwal
- Mr. Ashish Agarwal
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
70.24%
Objects of the Issue
The Company Kanishk Aluminium India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment / pre-payment, in full or part, of certain borrowings availed by our Company
- Branding and Promotion of Brand ‘Baari by Kanishk’
- General Corporate Purpose
Address / Contact Info
Kanishk Aluminium India Ltd.
Plot No. E-849 A
Fourth Phase RIICO Boranada
Jodhpur, Rajasthan, 342001
Phone: +91 92570 61994
Email: cs@kanishkindia.co.in
Website: https://kanishkindia.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 28 January 2026
IPO Close Date
Friday, 30 January 2026
Basis of Allotment
Monday, 02 February 2026
Initiation of Refunds
Tuesday, 03 February 2026
Credit of Shares to Demat
Tuesday, 03 February 2026
Listing Date
Wednesday, 04 February 2026 — NSE & BSE
Important Dates
Open Date
28 January 2026
Close Date
30 January 2026
Basis Of Allotment
02 February 2026
Listing Date
04 February 2026
Financial Performance (₹ in Crores)
| Particular | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 60.47 | 50.5 | 41.09 | 37.11 |
| Revenue | 29.25 | 60.13 | 59.54 | 59.68 |
| Profit After Tax | 2.15 | 3.04 | 1.52 | 1.76 |
| Net Worth | 18.72 | 16.57 | 13.53 | 6.01 |
| Reserve & Surplus | 9.28 | 7.13 | 7.63 | 1.11 |
| Total Borrowings | 25.55 | 22.74 | 20.84 | 26.45 |
EPS Pre
3.22%
EPS Post
3.84%
P/E Pre
22.66
P/E (Post Issue)
19.03x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Aug 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 29.21 | 20.21 | 15.59 | 34.41 |
| ROCE % | 19.92 | 14.61 | 10.95 | 10.78 |
| Debt / Equity | 1.37 | 1.37 | 1.54 | 4.4 |
| RoNW % | 29.21 | 20.21 | 15.59 | 34.41 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 17.62 | 5.09 | 2.56 | 2.96 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 1899200 | 49.98 | 0 |
| Retail Investors | 1900800 | 50.02 | 0 |
| Total | 3800000 | 100 | 0 |
Subscription Status ( Fri, 30 Jan 26 01:59 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 1899200 | 628800 | 0.33x |
| Retail Investors | 1900800 | 3532800 | 1.86x |
| Total | 3800000 | 4161600 | 1.1x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Kanishk Aluminium India Ltd | 10 | 22.67 | 3.22 | 3.22 | 20.21 | 17.56 |
| Maan Aluminum Ltd | 5 | 55.84 | 2.87 | 2.87 | 9.00 | 32.99 |
| Banco Products (India) Ltd | 2 | 24.79 | 27.39 | 27.39 | 30.01 | 91.08 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 233,600.00 |
| Retail (Max) | 2 | 3,200 | 233,600.00 |
| S-HNI (Min) | 3 | 4,800 | 350,400.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Sun Capital Advisory Services (P) Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Kanishk Aluminium India IPO is a Fixed price IPO worth ₹29 crores. The price band is ₹73 to 73 per share. The IPO opens on Wed, Jan 28, 2026 and closes on Fri, Jan 30, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Kanishk Aluminium India IPO opens on Wed, Jan 28, 2026 and closes on Fri, Jan 30, 2026
Kanishk Aluminium India IPO Price Band is ₹73 to 73.
Kanishk Aluminium India IPO lot size is 1600, and the minimum amount required for application is ₹233600.
The minimum investment for Kanishk Aluminium India IPO is approximately ₹233600 based on the upper price band.
To apply for the Kanishk Aluminium India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jan 30, 2026. After submission, funds are blocked until the basis of allotment of Kanishk Aluminium India IPO is finalised.
Kanishk Aluminium India IPO issue size is ₹29 crores.
Kanishk Aluminium India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Kanishk Aluminium India IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Kanishk Aluminium India IPO through their official website or helpline.
The Kanishk Aluminium India IPO GMP (Grey Market Premium) is ₹0 as of Wed, Feb 4, 2026. Based on the upper price band of ₹73 per share, the estimated Kanishk Aluminium India IPO listing price is ₹73, indicating a potential listing gain of approximately 31% over the issue price.