Kanishk Aluminium India Limited IPO Launches on January 28, 2026

Kanishk Aluminium India Limited, a manufacturer of aluminium extrusion profiles and premium aluminium door & window systems, has announced that its Initial Public Offering (IPO) will open for subscription on January 28, 2026, and close on January 30, 2026 on the BSE SME platform. The company aims to raise approximately ₹29.20 crore through the issue, which comprises 40,00,000 equity shares at a fixed price of ₹73 per share with a face value of ₹10 each.

The IPO allocation includes shares for non-institutional investors, individual investors, and a portion reserved for market makers. Retail investors can apply for a minimum lot size of 1,600 shares, which translates to a minimum investment of around ₹1,16,800. The IPO’s lead manager is Sun Capital Advisory Services Pvt. Ltd., and KFIN Technologies Ltd. will act as the registrar.

Company officials say the funds raised will be used primarily for repayment or pre-payment of existing borrowings, bolstering the balance sheet, and for branding and promotional activities for its premium aluminium systems brand, Baari by Kanishk. The strategic push is expected to strengthen the company’s market presence and support expansion into broader architectural and construction segments.

Analysts note that this IPO comes amid a busy SME primary market week, with several other small and mid-cap offerings lined up ahead of the Union Budget.