Kanishk Aluminium IPO Subscription Status as of January 30, 2026

The Kanishk Aluminium India Ltd. SME IPO, which opened for subscription on 28 January 2026, continued to see moderate interest from investors as it neared the end of its bidding period. The IPO, priced at a fixed ₹73 per share, is slated to close on 30 January 2026.

Subscription Progress (Overall)

• As of 30 January 2026, the IPO was subscribed approximately 0.58 times overall.
• Retail individual investors showed stronger engagement with subscription reaching around 1.12 times on Day 3.
• Non-institutional investors (NIIs) had lower participation, at around 0.04 times by Day 3.
• Qualified Institutional Buyers (QIBs) had no subscriptions reported during the first three days.
  

IPO Details & Timeline

• Price per share: ₹73
• IPO Opened: 28 January 2026
• IPO Closes: 30 January 2026
• Allotment Date: 2 February 2026
• Refunds Initiated: 3 February 2026
• Shares Credited / Listing: 4 February 2026
  

Issue Structure & Investment Size

• The IPO is being launched as a fresh issue of around ₹29.20 crore.
• Minimum application requirement for retail investors is 3,200 shares, valuing approximately ₹2,33,600.
  

Company Background (Brief)

Kanishk Aluminium India Ltd. operates in aluminium extrusion products, supplying items such as solid and hollow profiles, solar profiles, railings, heatsinks, and window and door profiles. The company serves various sectors including electronics, automotive, transport, and architectural segments.