The Kanishk Aluminium India IPO is a fixed-price public issue valued at ₹29.20 cr., consisting entirely of a fresh issue of 40 lakh equity shares. Priced at ₹73 per share, the offering aims to strengthen the company’s capital base and support its determined expansion plans in the non-ferrous metals sector. The shares are set to be listed on the BSE SME platform, providing an entry point for investors involved in the growing industrial manufacturing landscape.
Kanishk Aluminium India IPO Overview
This IPO represents an important milestone for the Jodhpur-based manufacturer as it seeks to scale its production of high-quality aluminium extrusion profiles. The proceeds from the issue are strategically earmarked for the repayment of existing borrowings, boosting the “Baari by Kanishk” brand, and meeting general corporate requirements. By transitioning to a publicly listed entity, Kanishk Aluminium aims to enhance its market visibility and leverage new openings in the architectural and solar industries.
| Details | Descriptions |
|---|---|
| IPO Date | 28 to 30 Jan, 2026 |
| Listing Date | Wed, Feb 4, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 40,00,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 2,00,000 shares (agg. up to ₹1 Cr) |
| Net Offered to Public | 38,00,000 shares (agg. up to ₹28 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 94,40,000 shares |
| Share Holding Post Issue | 1,34,40,000 shares |
Kanishk Aluminium India IPO Schedule
The subscription window for the Kanishk Aluminium India IPO opens on Jan 28, 2026, and is scheduled to close on Jan 30, 2026. Following the bidding process, the basis of allotment is predictable to be finalized by Feb 2, with the initiation of refunds and credit of shares occurring on February 3. The company equity shares are timidly slated to debut on the stock exchange on Feb 4, 2026, marking its official entry into the secondary market.
| Details | Description |
|---|---|
| IPO Open Date | Wed, Jan 28, 2026 |
| IPO Close Date | Fri, Jan 30, 2026 |
| Tentative Allotment | Mon, Feb 2, 2026 |
| Initiation of Refunds | Tue, Feb 3, 2026 |
| Credit of Shares to Demat | Tue, Feb 3, 2026 |
| Tentative Listing Date | Wed, Feb 4, 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2026 |
Kanishk Aluminium India IPO Lot Size Details
To participate in this SME IPO, retail investors are required to bid for a minimum of 2 lots, which translates to a total of 3,200 shares at an investment of ₹2,33,600. For High Net-Worth Individuals (HNI), the minimum application starts at 3 lots (4,800 shares), amounting to a total commitment of ₹3,50,400. This structured lot size ensures that the offering caters to serious investors while maintaining the liquidity requirements typical of the BSE SME segment.
| 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 |
Kanishk Aluminium India IPO Allocation
The equity offering is thin to ensure balanced participation, with 19,00,800 shares (47.52%) reserved specifically for retail individual investors. Another 18,99,200 shares (47.48%) are allocated to Non-Institutional Investors (NII), while a dedicated 5% portion (2,00,000 shares) is set aside for the Market Maker, Sunflower Broking. This allocation strategy is designed to promote healthy subscription levels across different investor categories and ensure post-listing price stability.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.00%) |
| QIB Shares Offered | – |
| − Anchor Investor Shares Offered | – |
| − QIB (Ex. Anchor) Shares Offered | – |
| NII (HNI) Shares Offered | 18,99,200 (47.48%) |
| − bNII > ₹10L | – |
| − sNII < ₹10L | – |
| Retail Shares Offered | 19,00,800 (47.52%) |
| Total Shares Offered | 40,00,000 (100.00%) |
Kanishk Aluminium India IPO Promoter Holding
| Details | Promoter Holding (%) |
|---|---|
| Promoter Holding Pre Issue | 94.87% |
| Promoter Holding Post Issue | 68.88% |
Kanishk Aluminium India IPO Anchor Investors Details
Kanishk Aluminium India IPO collects ₹98.11 Cr. from anchor investors. Kanishk Aluminium India IPO anchor bidding date is Wed, Jan 28, 2026.
| Details | Description |
|---|---|
| Bid Date | Wed, Jan 28, 2026 |
| Shares Offered | 40,00,000 |
| Anchor Portion Size (In Cr.) | 36.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Feb 28, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 28, 2026 |
Overview of Kanishk Aluminium India
Established in 2018, Kanishk Aluminium India Limited specializes in manufacturing a diverse range of aluminium extrusion products, including solar profiles, railings, and heatsinks. The company operates a state-of-the-art facility in Rajasthan and recently launched its premium B2C brand, “Baari by Kanishk,” focusing on high-end door and window solutions. With a legacy rooted in four decades of promoter experience, the firm serves critical sectors such as automotive, electronics, and sustainable architecture.
Company Financials
Kanishk Aluminium India Financial Information (Restated Standalone)
Kanishk Aluminium India has demonstrated a robust financial trajectory, reporting a 100% increase in Profit After Tax (PAT) from ₹1.52 cr. in FY24 to ₹3.04 cr. in FY25. For the five-month period ending August 31, 2025, the company has already recorded a profit of ₹2.15 cr., indicating strong operational efficiency and margin improvement. With a pre-IPO Net Worth of approximately ₹18.72 cr. and an EBITDA margin that surged to over 30% in recent periods, the company shows promising stability for potential stakeholders.
| Period Ended | 30 Sep 2025 | 31-Mar-25 | 31-Mar-24 | 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 Performance Indicator (KPI)
The market cap. of Kanishk Aluminium India IPO is ₹98.11 Crores.
KPI as of Mon, Mar 31, 2025.
| 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% | 5.09% |
| 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% |
Kanishk Aluminium India IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Funding working capital requirements of the company | 0.80 |
| Repayment/prepayment of all or certain of our borrowings availed of by the Company | 19.50 |
| Funding working capital requirements of our company | – |
| General corporate purposes | 4.32 |
Kanishk Aluminium India IPO Contact Details
- Kanishk Aluminium India
- Plot No. E-849 A
- Fourth Phase RIICO, Boranada
- Jodhpur, Rajasthan, 342001
- +91 92570 61994
- cs@kanishkindia.co.in
- Website – https://kanishkindia.co.in/
Kanishk Aluminium India IPO Registrar
Kfin Technologies Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 04067162222, 04079611000 |
| Email: | kal.ipo@kfintech.com |
| Website: | https://ipostatus.kfintech.com |
Kanishk Aluminium India IPO FAQs
When Kanishk Aluminium India IPO become available?
The IPO will open on Wed, Jan 28, 2026.
What is the minimum lot size for the Kanishk Aluminium India IPO?
The minimum lot size is 1600 shares.
When will the shares for the Kanishk Aluminium India IPO be allotted?
The allotment is expected to be finalized on Mon, Feb 2, 2026.
What is the expected listing date for the Kanishk Aluminium India IPO?
The tentative listing date is Wed, Feb 4, 2026.
How can I apply for the Kanishk Aluminium India IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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