Kanishk Aluminium GMP IPO Date, Review, Price, Allotment Details IPO
Kanishk Aluminium IPO Summary
IPO Open Date: 28 Jan 2026
IPO Close Date: 30 Jan 2026
Price Band: ₹73 Per Share
Issue Size: Approx ₹29.20 Crores
Listing Exchange: BSE SME
Website: https://kanishkindia.co.in/
Kanishk Aluminium 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.
Kanishk Aluminium IPO Details
| Company Name | Kanishk Aluminium India Ltd |
| IPO Open Date | 28 Jan 2026 |
| IPO Close Date | 30 Jan 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹73 Per Share |
| Issue Size | Approx ₹29.20 Crores |
| Fresh Issue | Approx ₹29.20 Crores |
| Offer for Sale | - |
| Issue Type | Fixed Price Issue |
| Listing On | BSE SME |
Kanishk Aluminium IPO Review & Key Points
NeutralKanishk Aluminium IPO Market Lot
The Kanishk Aluminium IPO minimum market lot is 3,200 shares with ₹2,33,600 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹2,33,600 |
| Retail Maximum | 2 | 3,200 | ₹2,33,600 |
| S-HNI Minimum | 3 | 4,800 | ₹3,50,400 |
Kanishk Aluminium IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| NII / HNI | 18,99,200 Shares | 47.48% |
| Retail | 19,00,800 Shares | 47.52% |
Anchor Bidding Date: 28 Jan 2026
30 Days Lock-in: 04 Mar 2026
90 Days Lock-in: 03 May 2026
Kanishk Aluminium IPO Dates & Allotment
The Kanishk Aluminium IPO date is January 28 and the close date is January 30. The Kanishk Aluminium IPO allotment will be finalized on February 2 and the IPO listing on February 4.
| IPO Opening Date | 28 Jan 2026 |
| IPO Closing Date | 30 Jan 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 02 Feb 2026 |
| Refunds Initiation | 03 Feb 2026 |
| Credit to Demat | 03 Feb 2026 |
| IPO Listing Date | 04 Feb 2026 |
Kanishk Aluminium IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company | ₹19.50 |
| Branding and Promotion of Company brand, ‘Baari by Kanishk | ₹0.80 |
| General Corporate Purpose | ₹4.32 |
Kanishk Aluminium IPO Expenses
| Description | Amount (₹ Cr.) |
|---|---|
| Fees payable to Lead Manager including underwriting commissions | 0.57 |
| Advertising and Promotion expenses | 0.30 |
| Fees to the Registrar to the Issue | 0.01 |
| Fees Payable to Legal Advisors | 0.07 |
| Fees payable to the Regulators including Stock Exchange | 0.05 |
| Printing and distribution of Issue stationery | 0.02 |
| Commission or processing fee for SCSBs, Sponsor Banks and Banker to the Issue | 0.02 |
| Brokerage, commission and selling commission, Registered Brokers, RTAs and DPs | 0.02 |
| Expenses and fees payable for marketing and distribution, underwriting, market making etc. | 3.43 |
| Expenses and fees payable for Peer Reviewed Auditor | 0.03 |
| Other expenses including out of pocket and other certifications | 0.08 |
Kanishk Aluminium India Ltd Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹59.68 | ₹57.83 | ₹1.76 | ₹37.11 |
| 2024 | ₹59.54 | ₹57.74 | ₹1.52 | ₹41.09 |
| 2025 | ₹60.13 | ₹55.93 | ₹3.04 | ₹50.50 |
| Aug 2025 | ₹29.25 | ₹26.34 | ₹2.15 | ₹60.47 |
Kanishk Aluminium IPO Valuation
Check Kanishk Aluminium IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹3.22 (Basic) |
| P/E Ratio | 22.67 |
| Return on Equity (ROE) | 20.21% |
| Return on Capital Employed (ROCE) | 14.61% |
| Return on Net Worth (RoNW) | 20.21% |
| Net Asset Value (NAV) | ₹17.56 |
| EBITDA Margin | 11.10% |
| PAT Margin | 5.09% |
| Debt to Equity Ratio | 1.37 |
Kanishk Aluminium IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Maan Aluminum Limited | 2.87 | 55.84 | 9.00% | 32.99 | 810.17 Cr. |
| Banco Products (India) Limited | 27.39 | 24.79 | 30.01% | 91.08 | 3,212.52 Cr. |
Kanishk Aluminium IPO Promoters & Holding Pattern
The promoters of the company are Mr. Parmanand Agarwal, Mrs. Khusboo Agarwal and Mr. Ashish Agarwal.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 94,40,000 | 99.99% |
| Promoter Holding Post Issue | 1,34,40,000 | 70.24% |
Kanishk Aluminium IPO Lead Managers (Merchant Bankers)
- Sun Capital Advisory Services Pvt. Ltd.
About Kanishk Aluminium India Ltd
Kanishk Aluminium India Limited (KAIL) is a Jodhpur-based manufacturer specializing in aluminum extrusion profiles and architectural solutions. Originally founded as a private entity in 2018, the company transitioned to a public limited company in October 2024.
Kanishk Aluminium India Ltd Address
Jodhpur, Rajasthan, 342001Phone: +91 92570 61994
Email: [email protected]
Kanishk Aluminium IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/