Fixed Price IPO | ₹29 Cr | Listed at BSE SME
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..
Refer to Kanishk Aluminium India IPO DRHP for detailed Information.
IPO Open
Wed, Jan 28, 2026
IPO Close
Fri, Jan 30, 2026
Issue Price
₹73 per share
Market Cap (Pre-IPO)
₹98.11 Cr
| IPO Date | 28 to 30 Jan, 2026 |
| Listed on | Wed, Feb 4, 2026 |
| Face Value | ₹10 per share |
| Issue Price | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 40,00,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 2,00,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Net Offered to Public | 38,00,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 94,40,000 shares |
| Share Holding Post Issue | 1,34,40,000 shares |
| BSE Script Code | 544693 |
| ISIN | INE163401016 |
Kanishk Aluminium India IPO offers total 40,00,000 shares. Out of which 18,99,200 (47.48%) allocated to NII 19,00,800 (47.52%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.00%) |
| NII (HNI) Shares Offered | 18,99,200 (47.48%) |
| Retail Shares Offered | 19,00,800 (47.52%) |
| Total Shares Offered | 40,00,000 (100.00%) |
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 | 3,200 | ₹2,33,600 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,33,600 |
| HNI (Min) | 3 | 4,800 | ₹3,50,400 |
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.
As of November 30, 2025, the company employed 46 personnel responsible for operations, quality control, administration, and business functions.
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 60.47 | 50.50 | 41.09 | 37.11 |
| Total Income | 29.25 | 60.13 | 59.54 | 59.68 |
| Profit After Tax | 2.15 | 3.04 | 1.52 | 1.76 |
| EBITDA | 4.08 | 6.63 | 4.50 | 4.06 |
| NET Worth | 18.72 | 16.57 | 13.53 | 6.01 |
| Reserves and Surplus | 9.28 | 7.13 | 7.63 | 1.11 |
| Total Borrowing | 25.55 | 22.74 | 20.84 | 26.45 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company | 19.50 |
| 2 | Branding and Promotion of Company brand, ‘Baari by Kanishk | 0.80 |
| 3 | General Corporate Purposes | 4.32 |
| KPI | Aug 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 29.21% | 20.21% |
| ROCE | 19.92% | 14.61% |
| Debt/Equity | 1.37 | 1.37 |
| RoNW | 29.21% | 20.21% |
| PAT Margin | 17.62% | 2.56% |
| EBITDA Margin | 33.55% | 11.10% |
| Price to Book Value | 3.68 | 3.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.22 | 3.84 |
| P/E (x) | 22.66 | 19.03 |
| Promoter Holding | 99.99% | 70.24% |
| Market Cap | ₹98.11 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Lead Manager including underwriting commissions | 0.57 |
| 2 | Advertising and Promotion expenses | 0.30 |
| 3 | Fees to the Registrar to the Issue | 0.01 |
| 4 | Fees Payable to Legal Advisors | 0.07 |
| 5 | Fees payable to the Regulators including Stock Exchange | 0.05 |
| 6 | Printing and distribution of Issue stationery | 0.02 |
| 7 | Commission or processing fee for SCSBs, Sponsor Banks and Banker to the Issue | 0.02 |
| 8 | Brokerage, commission and selling commission, Registered Brokers, RTAs and DPs | 0.02 |
| 9 | Expenses and fees payable for marketing and distribution, underwriting, market making etc. | 3.43 |
| 10 | Expenses and fees payable for Peer Reviewed Auditor | 0.03 |
| 11 | Other expenses including out of pocket and other certifications | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹73.00 |
| Open | ₹58.40 |
| Low | ₹55.48 |
| High | ₹58.40 |
| Last Trade | ₹55.48 |
Lead Manager Reports
Kanishk Aluminium India IPO is a SME IPO of 40,00,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹73 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Jan 28, 2026, and closes on Fri, Jan 30, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kanishk Aluminium India IPO using UPI as a payment gateway. Zerodha customers can apply in Kanishk Aluminium India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kanishk Aluminium India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kanishk Aluminium India IPO opens on Wed, Jan 28, 2026 and closes on Fri, Jan 30, 2026.
Kanishk Aluminium India IPO lot size is 1600, and the minimum amount required for application is ₹2,33,600, with 2 lots being the minimum application size.
You can apply in Kanishk Aluminium India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kanishk Aluminium India IPO will be done on Monday, February 2, 2026, and the allotted shares will be credited to your demat account by Tue, Feb 3, 2026. Check the Kanishk Aluminium India IPO allotment status.
The Kanishk Aluminium India IPO listing date is on Wed, Feb 4, 2026.
