Kanishk Aluminium India Limited Link 
Allotment
Kanishk Aluminium India IPO is a fixed-price issue aggregating to ₹29.20 crore, consisting entirely of a fresh issue of 0.40 crore equity shares.
The IPO will open for subscription on January 28, 2026, and close on January 30, 2026. The basis of allotment is expected to be finalized on February 2, 2026, while the shares are proposed to be listed on the BSE SME platform on February 4, 2026.
The issue is being offered at a fixed price of ₹73 per share, with a lot size of 1,600 shares.
Retail investors are required to apply for a minimum of 2 lots (3,200 shares), involving an investment of ₹2,33,600.
HNI investors must apply for at least 3 lots (4,800 shares), amounting to ₹3,50,400.
Sun Capital Advisory Services Pvt. Ltd. is the Book Running Lead Manager, KFin Technologies Ltd. is the Registrar to the Issue, and Sunflower Broking Pvt. Ltd. has been appointed as the Market Maker.
₹73
0%
Open
₹73
HIgh - Low
₹73
Previous Close
₹73
Total Traded Value
0
52 Weeks High
₹73
52 Weeks Low
₹73
Updates On
Jan 21, 2026
IPO. Open
Jan 28, 2026
IPO. Close
Jan 30, 2026
IPO. Price
₹73.00
IPO Market price
₹98.11 Cr
IPO Details
| IPO Date | 4 Feb |
| IPO Listing Date | 4 Feb |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹73.00 |
| IPO Issue Size | 40,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 94,40,000 shares |
IPO Timeline
| IPO Open Date | 28 Jan |
| IPO Close Date | 30 Jan |
| IPO Allotment (Tentative) | 2 Feb |
| Refunds | 3 Feb |
| Credit to Demat Account | 3 Feb |
| IPO Listing Date | 4 Feb |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 18,99,200 Shares |
| Retail Shares Offered | 19,00,800 Shares |
IPO Lot Size
Investors can apply for a minimum of 3,200 shares, and thereafter in multiples of 1,600 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,33,600 |
| Retail (Max) | 2 | 3,200 | ₹2,33,600 |
| S-HNI (Min) | 3 | 4,800 | ₹3,50,400 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in 2022, Kanishk Aluminium India Ltd. is a Jodhpur-based manufacturer specializing in a wide range of aluminium extrusion products. The Company operates from a modern manufacturing facility spanning approximately 4,000 square metres in the “Blue City” of Rajasthan.
Kanishk Aluminium caters to diverse industries such as electronics, automotive, solar energy, furniture, transportation, electrical, and architectural sectors, offering customised aluminium profile solutions tailored to specific client requirements.
Product Portfolio
Aluminium Extrusions:
Solid and hollow section profiles, solar profiles, heatsinks, railings, and sliding or fixed window and door profiles.
Engineering Products:
Channels, sections, flat bars, and tubes available in various finishes, tolerances, and tempers.
Hardware & Architectural Solutions:
Kitchen profiles, railing systems, and other customised architectural applications.
As of November 30, 2025, the Company employed 46 personnel across operations, quality control, administration, and business development functions.
Competitive Strengths
Diverse product range with strong customization capabilities
Operational flexibility and market responsiveness
Robust in-house quality control systems
Efficient resource utilization and optimized operations
Strong commitment to innovation and long-term growth
Company Financials (Consolidated)
| Assets | 60.47 | 50.5 | 41.09 |
| Total Income | 29.25 | 60.13 | 59.54 |
| Profit After Tax | 2.15 | 3.04 | 1.52 |
| EBITDA | 4.08 | 6.63 | 4.5 |
| NET Worth | 18.72 | 16.57 | 13.53 |
| Reserves and Surplus | 9.28 | 7.13 | 7.63 |
| Total Borrowing | 25.55 | 22.74 | 20.84 |
Key Performance Indicator (KPI)
| ROE | 29.21% |
| ROCE | 19.92% |
| Debt/Equity | 1.37 |
| RoNW | 29.21% |
| PAT Margin | 17.62 |
| EBITDA Margin | 33.55 |
| Price to Book Value | 3.68 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 4.32 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Kanishk Aluminium India Ltd. Address
Plot No. E-849 A
Fourth Phase RIICO
Boranada
Jodhpur, Rajasthan, 342001
+91 92570 61994
cs@kanishkindia.co.in
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
kal.ipo@kfintech.com
https://ipostatus.kfintech.com/
The IPO opens on January 28, 2026, and closes on January 30, 2026, allowing investors three days to subscribe through the BSE SME platform at the fixed issue price.
The IPO is a fixed-price issue of ₹73 per share, with a minimum lot size of 1,600 shares. Investors must apply in multiples of 1,600 shares.
Retail investors must apply for 2 lots (3,200 shares), requiring ₹2,33,600, while HNI investors must apply for 3 lots (4,800 shares), amounting to ₹3,50,400 at the fixed price.
The allotment is expected on February 2, 2026, refunds start on February 3, 2026, and shares are likely to list on BSE SME on February 4, 2026.
The IPO aims to raise funds primarily for repayment or prepayment of borrowings, along with branding, promotion, and general corporate purposes to strengthen operations and growth plans.
Founded in 2022, Kanishk Aluminium manufactures aluminium extrusions, engineering products, and architectural solutions, catering to automotive, solar, furniture, electrical, and construction sectors across India.
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