Comparison between Kanishk Aluminium India IPO and Neochem Bio IPO.
Kanishk Aluminium India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Neochem Bio IPO is a SME Bookbuilding proposed to list at NSE SME.
| Kanishk Aluminium India IPO | Neochem Bio IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Sun Capital Advisory Services Pvt.Ltd. | Vivro Financial Services Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Sunflower Broking Pvt.Ltd. | Rikhav Securities 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 Kanishk Aluminium India IPO is up to ₹27.74 Cr whereas the issue size of the Neochem Bio IPO is up to ₹42.69 Cr. The final issue price of Kanishk Aluminium India IPO is ₹73.00 per share and of Neochem Bio IPO is ₹98.00 per share.
| Kanishk Aluminium India IPO | Neochem Bio IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹93.00 per share | |
| Issue Price (Upper) | ₹98.00 per share | |
| Issue Price (Final) | ₹73.00 per share | ₹98.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 38,00,000 shares | 43,56,000 shares |
| Fresh Issue Size (Amount) | up to ₹27.74 Cr | up to ₹42.69 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 | 38,00,000 shares | 43,56,000 shares |
| Issue Size Total (Amount) | up to ₹27.74 Cr | up to ₹42.69 Cr |
Kanishk Aluminium India IPO opens on Jan 28, 2026, while Neochem Bio IPO opens on Dec 02, 2025. The closing date of Kanishk Aluminium India IPO and Neochem Bio IPO is Jan 30, 2026, and Dec 04, 2025, respectively.
| Kanishk Aluminium India IPO | Neochem Bio IPO | |
|---|---|---|
| Anchor Bid Date | Dec 01, 2025 | |
| Issue Open | Jan 28, 2026 | Dec 02, 2025 |
| Issue Close | Jan 30, 2026 | Dec 04, 2025 |
| Basis Of Allotment (Tentative) | Feb 02, 2026 | Dec 05, 2025 |
| Initiation of Refunds (Tentative) | Feb 03, 2026 | Dec 08, 2025 |
| Credit of Share (Tentative) | Feb 03, 2026 | Dec 08, 2025 |
| Listing date (Tentative) | Feb 04, 2026 | Dec 09, 2025 |
| Anchor Lockin End date 1 | Jan 04, 2026 | |
| Anchor Lockin End date 2 | Mar 05, 2026 |
Kanishk Aluminium India IPO P/E ratio is 22.66, as compared to Neochem Bio IPO P/E ratio of 15.85.
| Kanishk Aluminium India IPO | Neochem Bio IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)Neochem Bio Solutions Ltd.'s revenue increased by 39% and profit after tax (PAT) rose by 330% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 99.99 | 91.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.24 | 66.7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 22.66 | 15.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹98.11 Cr. | ₹167.78 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 20.21% | 48.82% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 14.61% | 41.67% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.37 | 1.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.22 | ₹6.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.21% | 48.82% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kanishk Aluminium India IPO Retail Individual Investors (RII) are offered 19,00,800 shares while in Neochem Bio IPO retail investors are offered 19,00,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Kanishk Aluminium India IPO and 8,71,200 shares in Neochem Bio IPO.
| Kanishk Aluminium India IPO | Neochem Bio IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 13,03,200 shares |
| Market Maker Reservation | 2,00,000 shares | 2,32,800 shares |
| QIB | 0 shares | 8,71,200 shares |
| NII | 18,99,200 shares | 6,55,200 shares |
| RII | 19,00,800 shares | 15,26,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 38,00,000 shares | 43,56,000 shares |
Kanishk Aluminium India IPO subscribed 1.04x in total, whereas Neochem Bio IPO subscribed 15.52x.
| Kanishk Aluminium India IPO | Neochem Bio IPO | |
|---|---|---|
| QIB (times) | 21.97x | |
| NII (times) | 0.23x | 21.15x |
| Big NII (times) | 25.78x | |
| Small NII (times) | 11.88x | |
| RII (times) | 1.86x | 9.42x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.04x | 15.52x |
