Kanishk Aluminium India IPO
GMP, Subscription, Price, Dates & Financial Details
Aluminium Products
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…
Open Date
Wed, 28 Jan 2026
Close Date
Fri, 30 Jan 2026
Issue Price
₹ 73
Lot Size
1600
Issue Size
₹ 29.00 Cr
Minimum Investment
₹ 233,600 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Kanishk Aluminium India IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹29.00 Crore, comprising a fresh issue of 38.00 Lakh equity shares aggregating to ₹28.00 Crore.
The Kanishk Aluminium India IPO remained open for subscription from January 28, 2026, to January 30, 2026. The basis of allotment was finalized on February 02, 2026, and the company's shares were listed on BSE SME Platform on February 04, 2026.
The company had fixed the price at ₹73 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹233,600 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Sun Capital Advisory Services (P) Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Kanishk Aluminium India Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Kanishk Aluminium India IPO Timeline (Tentative)
- IPO Open Date
- Wed, 28 Jan 26
- IPO Close Date
- Fri, 30 Jan 26
- Basis of Allotment
- Mon, 02 Feb 26
- Initiation of Refunds
- Tue, 03 Feb 26
- Credit of Shares to Demat
- Tue, 03 Feb 26
- Listing Date
- Wed, 04 Feb 26 — NSE & BSE
Open Date
28 January 2026
Close Date
30 January 2026
Basis Of Allotment
02 February 2026
Listing Date
04 February 2026
IPO Subscription
Check Live Subscription →The Kanishk Aluminium India IPO has received bids for 41,61,600 shares against 38,00,000 shares offered, resulting in an overall subscription of 1.1x. the NII category is subscribed 0.33x, Retail Investors 1.86x, and QIBs 0x.
QIB
0x
NII
0.33x
RII
1.86x
Total
1.1x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,00,800 shares, representing 50.02% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 18,99,200 shares (49.98%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 1,899,200 | 49.98% |
| Retail Investors | 1,900,800 | 50.02% |
| Total | 3,800,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Kanishk Aluminium India Limited KPI Information
| 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 |
| Pat Margin % | 17.62 | 5.09 | 2.56 | 2.96 |
Peers Comparison
| 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 |
About Kanishk Aluminium India Limited
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.
Kanishk Aluminium India IPO Promoters
- Mr. Parmanand Agarwal
- Mrs. Khusboo Agarwal
- Mr. Ashish Agarwal
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
70.24%
Kanishk Aluminium India IPO Objective
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
Kanishk Aluminium India Limited Address / Contact Details
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
Kanishk Aluminium India IPO Lot Size
The Kanishk Aluminium India IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,33,600 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,33,600.
| 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 |
Issue Reservation
- NII — 49.98%
- RII — 50.02%
Book Running Lead Managers
- Sun Capital Advisory Services (P) Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Kanishk Aluminium India IPO?
Kanishk Aluminium India IPO is a Fixed price IPO with a total issue size of ₹29 crore. The Kanishk Aluminium India IPO price band is ₹73 to 73 per share. The Kanishk Aluminium India IPO subscription opens on Wed, Jan 28, 2026, and closes on Fri, Jan 30, 2026. The Kanishk Aluminium India IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Kanishk Aluminium India IPO.
When will the Kanishk Aluminium India IPO open for subscription?
The Kanishk Aluminium India IPO opens on Wed, Jan 28, 2026 and closes on Fri, Jan 30, 2026
What is Kanishk Aluminium India IPO Price Band?
Kanishk Aluminium India IPO Price Band is ₹73 to 73 per share.
What is Kanishk Aluminium India IPO Lot Size?
Kanishk Aluminium India IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹233600 based on the upper price band
What is the minimum investment for Kanishk Aluminium India IPO?
The minimum investment for Kanishk Aluminium India IPO is ₹233600, based on one lot of 1600 shares at the upper price band of ₹73 per share.
How to apply for Kanishk Aluminium India IPO?
Investors can apply for the Kanishk Aluminium India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jan 30, 2026. The application amount remains blocked until the Kanishk Aluminium India IPO allotment is finalized.
What is Kanishk Aluminium India IPO Issue Size?
Kanishk Aluminium India IPO issue size is ₹29 crores.
What is the Kanishk Aluminium India IPO Allotment Date?
Kanishk Aluminium India IPO allotment date is Mon, Feb 2, 2026.
Who is the Kanishk Aluminium India IPO Registrar?
The registrar for Kanishk Aluminium India IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Kanishk Aluminium India IPO allotment status, refund processing, and other IPO-related information.
What is the Kanishk Aluminium India IPO GMP?
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 0.00% over the issue price.
Who is the Kanishk Aluminium India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Kanishk Aluminium India IPO are Sun Capital Advisory Services (P) Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Kanishk Aluminium India IPO Red Herring Prospectus (RHP).