Comparison between BharatRohan Airborne Innovations IPO and Kanishk Aluminium India IPO.
BharatRohan Airborne Innovations IPO is a SME Fixed Price IPO proposed to list at BSE SME while Kanishk Aluminium India IPO is a SME Fixed Price proposed to list at BSE SME.
| BharatRohan Airborne Innovations IPO | Kanishk Aluminium India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Smart Horizon Capital Advisors Pvt.Ltd. | Sun Capital Advisory Services Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Market Maker | Rikhav Securities Ltd. | Sunflower Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of BharatRohan Airborne Innovations IPO is up to ₹42.76 Cr whereas the issue size of the Kanishk Aluminium India IPO is up to ₹27.74 Cr. The final issue price of BharatRohan Airborne Innovations IPO is ₹85.00 per share and of Kanishk Aluminium India IPO is ₹73.00 per share.
| BharatRohan Airborne Innovations IPO | Kanishk Aluminium India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹80.00 per share | |
| Issue Price (Upper) | ₹85.00 per share | |
| Issue Price (Final) | ₹85.00 per share | ₹73.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1600 shares |
| Fresh Issue Size | 50,30,400 shares | 38,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹42.76 Cr | up to ₹27.74 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 50,30,400 shares | 38,00,000 shares |
| Issue Size Total (Amount) | up to ₹42.76 Cr | up to ₹27.74 Cr |
BharatRohan Airborne Innovations IPO opens on Sep 23, 2025, while Kanishk Aluminium India IPO opens on Jan 28, 2026. The closing date of BharatRohan Airborne Innovations IPO and Kanishk Aluminium India IPO is Sep 25, 2025, and Jan 30, 2026, respectively.
| BharatRohan Airborne Innovations IPO | Kanishk Aluminium India IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | |
| Issue Open | Sep 23, 2025 | Jan 28, 2026 |
| Issue Close | Sep 25, 2025 | Jan 30, 2026 |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | Feb 02, 2026 |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | Feb 03, 2026 |
| Credit of Share (Tentative) | Sep 29, 2025 | Feb 03, 2026 |
| Listing date (Tentative) | Sep 30, 2025 | Feb 04, 2026 |
| Anchor Lockin End date 1 | Oct 25, 2025 | |
| Anchor Lockin End date 2 | Dec 24, 2025 |
BharatRohan Airborne Innovations IPO P/E ratio is 16.38, as compared to Kanishk Aluminium India IPO P/E ratio of 22.66.
| BharatRohan Airborne Innovations IPO | Kanishk Aluminium India IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)BharatRohan Airborne Innovations Ltd.'s revenue increased by 49% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Standalone)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 54.86 | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 40.27 | 70.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.38 | 22.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹169.35 Cr. | ₹98.11 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 28.21% | 20.21% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 19.69% | 14.61% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.04 | 1.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.19 | ₹3.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.38% | 20.21% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the BharatRohan Airborne Innovations IPO Retail Individual Investors (RII) are offered 17,98,400 shares while in Kanishk Aluminium India IPO retail investors are offered 17,98,400 shares. Qualified Institutional Buyers (QIB) are offered 9,88,800 shares in BharatRohan Airborne Innovations IPO and 0 shares in Kanishk Aluminium India IPO.
| BharatRohan Airborne Innovations IPO | Kanishk Aluminium India IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,75,200 shares | 0 shares |
| Market Maker Reservation | 2,68,800 shares | 2,00,000 shares |
| QIB | 9,88,800 shares | 0 shares |
| NII | 7,68,000 shares | 18,99,200 shares |
| RII | 17,98,400 shares | 19,00,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 50,30,400 shares | 38,00,000 shares |
BharatRohan Airborne Innovations IPO subscribed 10.07x in total, whereas Kanishk Aluminium India IPO subscribed 1.04x.
| BharatRohan Airborne Innovations IPO | Kanishk Aluminium India IPO | |
|---|---|---|
| QIB (times) | 8.33x | |
| NII (times) | 16.00x | 0.23x |
| Big NII (times) | 18.40x | |
| Small NII (times) | 11.21x | |
| RII (times) | 8.50x | 1.86x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 10.07x | 1.04x |
