Kanishk Aluminium India IPO
Kanishk Aluminium India IPO
Overview
Kanishk Aluminium India IPO is a fixed price issue of ₹29.20 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹29.20 crore. Kanishk Aluminium India IPO opens for subscription on Jan 28, 2026 and closes on Jan 30, 2026. The allotment for the Kanishk Aluminium India IPO is expected to be finalized on Feb 2, 2026. Kanishk Aluminium India IPO will list on BSE SME with a tentative listing date fixed as Feb 4, 2026. Kanishk Aluminium India IPO price is ₹73 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,33,600 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,50,400. Sun Capital Advisory Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Total Shares
40,00,000
Issue Size
₹29 Cr
Price Band
₹73 – ₹73
Lot Size
1600 shares
Min. Investment
₹2,33,600
Max. Investment
₹2,33,600
Open Date
28 Jan, 2026
Close Date
30 Jan, 2026
Allotment
02 Feb, 2026
Listing
04 Feb, 2026
Max. Investment
₹2,33,600
Announced
28 Jan, 2026
Opening Date
28 Jan, 2026
Closing Date
30 Jan, 2026
Basis of Allotment
02 Feb, 2026
Initiation of Refunds
03 Feb, 2026
Credit of Shares
03 Feb, 2026
Listing Date
04 Feb, 2026
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About Kanishk Aluminium India IPO
Incorporated in 2022, Kanishk Aluminium India Ltd. is a Jodhpur-based manufacturer specialising in a wide range of aluminium extrusion products. The company operates from a modern 4,000 sq. metre facility in the \Blue City\ of Rajasthan.
Kanishk Aluminium serves multiple sectors, including electronics, automotive, solar, furniture, transport, electrical, and architecture, through its diverse and customised aluminium profile solutions.
Product Portfolio:
- Aluminium Extr
Kanishk Aluminium India IPO Share Price
Issue Breakdown
Shareholding
Dilution: 42.4% increase in shares
Kanishk Aluminium India IPO Financial Health
Kanishk Aluminium India IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,33,600 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,33,600 |
| HNI (Min) | 3 | 4800 | ₹3,50,400 |
(All values in CR)
Kanishk Aluminium India IPO Valuations
| Metric | Value |
|---|---|
| ROE | 20.21 |
| ROCE | 14.61 |
| Debt/Equity | 1.37 |
| RoNW | 20.21 |
| PAT Margin | 5.09 |
| EBITDA Margin | 11.10 |
| Price to Book Value | 3.18 |
(All values in CR)
Kanishk Aluminium India IPO Strength & Risk
Strengths of Kanishk Aluminium India IPO
• Operates in aluminium extrusion and architectural products segment with steady industrial demand
• Focused product portfolio supports niche positioning in the market
• Reported improvement in profitability and return ratios in recent financials
• Manufacturing experience supports operational stability
• SME listing provides access to capital for business growth and visibility
Risks of Kanishk Aluminium India IPO
• SME IPOs generally face lower liquidity and higher price volatility
• Business exposed to cyclical nature of aluminium and construction sectors
• Raw material price fluctuations may impact margins and profitability
• Competitive pressures from other aluminium product manufacturers
• Revenue performance may remain inconsistent depending on market conditions
Kanishk Aluminium India IPO Subscriptions Status
Kanishk Aluminium India IPO subscribed 0.17 times. The public issue subscribed 0.32 times in the individual investors category, [.] times in QIB (Ex Anchor), and 0.03 times in the NII category by January 29, 2026 11:09:59 AM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 2,00,000 | 2,00,000 | 1.46 |
| NII | 0.03 | 18,99,200 | 52,800 | 0.39 |
| Individual Investors | 0.32 | 19,00,800 | 6,08,000 | 4.44 |
| Total | 0.17 | 38,00,000 | 6,60,800 | 4.82 |
Kanishk Aluminium India IPO GMP
Kanishk Aluminium India SME IPO last GMP is ₹0, last updated Jan 29th 2026 09:56 AM. With the price band of 73.00, Kanishk Aluminium India SME IPO's estimated listing price is ₹73 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 29 Jan, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 29 Jan, 2026 | 73 | ₹0 | - | ₹73 (0.00%) | - | 29 Jan, 2026 |
| 28 Jan, 2026 | 73 | ₹0 | - | ₹73 (0.00%) | - | 28 Jan, 2026 |
| 27 Jan, 2026 | 73 | ₹0 | - | ₹73 (0.00%) | - | 27 Jan, 2026 |
| 26 Jan, 2026 | 73 | ₹0 | - | ₹73 (0.00%) | - | 26 Jan, 2026 |
| 25 Jan, 2026 | 73 | ₹0 | - | ₹73 (0.00%) | - | 25 Jan, 2026 |
| 24 Jan, 2026 | 73 | ₹0 | - | ₹73 (0.00%) | - | 24 Jan, 2026 |
| 23 Jan, 2026 | 73 | ₹0 | - | ₹73 (0.00%) | - | 23 Jan, 2026 |
| 22 Jan, 2026 | 73 | ₹0 | - | ₹73 (0.00%) | - | 22 Jan, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Kanishk Aluminium India IPO
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