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Kanishk Aluminium India IPO
Price Band
₹
Issue Size
₹29.2 Cr
Lot Size
1,600 shares
Min Investment
₹233,600
2 LOTS MIN
GMP
—
Issue Price
₹73.0
Kanishk Aluminium India IPO AI Summary
- Kanishk Aluminium India IPO is listed on BSE SME in the Aluminium sector.
- Subscription window: 28 Jan–30 Jan 2026, listing on 04 Feb 2026.
Kanishk Aluminium India Ltd. is set to offer its shares at an issue price of ₹73.0, with a total issue size of ₹29.2 Cr. The company focuses on manufacturing aluminium extrusion products and aims to utilize the proceeds for debt repayment, branding, and general corporate purposes. The IPO opens for subscription on 28 January 2026 and is expected to list on 4 February 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Kanishk Aluminium India IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Kanishk Aluminium India Ltd. is a Jodhpur-based manufacturing company specializing in high-quality aluminium extrusion products. Operating from a modern 4,000 sq. metre production facility in Rajasthan’s “Blue City,” the company delivers reliable and customized aluminium solutions to customers across India. The company caters to a wide range of industries, including electronics, automotive, solar energy, furniture, transportation, electrical systems, and architectural applications. With strong technical capabilities, Kanishk Aluminium designs and manufactures aluminium profiles tailored to diverse industrial and structural requirements. Its product portfolio includes solid and hollow aluminium extrusions, solar profiles, heatsinks, railings, and profiles for sliding and fixed doors and windows. The company also produces engineered aluminium products such as channels, sections, flat bars, and tubes in various finishes, tolerances, and tempers. In addition, Kanishk Aluminium offers hardware and architectural solutions, including kitchen profiles, railing systems, and customized architectural components. Competitive Strengths Diverse Product Range and Customization Flexibility and Market Agility In-House Quality Control Mechanism Resource Optimization and Operational Efficiency Commitment to Innovation and Growth
Company Financials (₹ Cr)
As of 2025-08-31
| 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 |
Key Ratios
EPS
₹3.22
NAV
₹22.93
ROE
20.21%
ROCE
14.61%
RoNW
20.21%
P/B Value
3.18
P/E Ratio
22.66
Market Cap
₹98.11 Cr
PAT Margin
2.56%
Debt/Equity
1.37
Promoters
Parmanand Agarwal, Khusboo Agarwal and Ashish Agarwal
Objects of the Issue
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 4 Issue Expenses 4.58 Total 29.20
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹59.68 Cr in the year ended 31 Mar 2023, slightly decreasing to ₹59.54 Cr by 31 Mar 2024. However, it rose to ₹60.13 Cr by 31 Mar 2025, before dropping to ₹29.25 Cr by 31 Aug 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.76 Cr in the year ended 31 Mar 2023, increasing to ₹1.52 Cr by 31 Mar 2024. It then rose to ₹3.04 Cr by 31 Mar 2025, before decreasing to ₹2.15 Cr by 31 Aug 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price compared to the issue price. A positive GMP suggests strong demand for the IPO, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market position.
Who May Want to Wait
Investors who are risk-averse or those looking for guaranteed returns may want to approach IPOs with caution. It's essential to evaluate the company's financial health and market conditions before investing.
IPO Timeline, Explained
The IPO process involves several key dates: the open date is when investors can start applying, the close date is when applications stop being accepted, the allotment date is when shares are allocated, and the listing date is when the shares begin trading on the stock exchange.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor might make when shares are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed and depend on market demand and investor sentiment on the listing day.
This evaluation is generated from Kanishk Aluminium India's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Kanishk Aluminium India IPO open and close?
Kanishk Aluminium India IPO opens on 28 January 2026 and closes on 30 January 2026.
When does Kanishk Aluminium India IPO list on the stock exchange?
Kanishk Aluminium India IPO listed on 04 February 2026 at ₹73.0.
What is the lot size for Kanishk Aluminium India IPO?
The lot size for Kanishk Aluminium India IPO is 1600 shares, requiring a minimum investment of ₹233,600 (2 lots).
What is the issue price of Kanishk Aluminium India Ltd.?
The issue price is ₹73.0.
What is the minimum investment required?
The minimum investment required is ₹233,600.
What is the lot size for this IPO?
The lot size is 1,600 shares.
When does the subscription period open and close?
The subscription period opens on 28 January 2026 and closes on 30 January 2026.
When is the listing date for Kanishk Aluminium India Ltd.?
The listing date is 4 February 2026.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Jan 2026
Close
30 Jan 2026
Allotment
02 Feb 2026
Listing
04 Feb 2026
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