Kanishk Aluminium India IPO Shows Moderate Response, Subscribed 1.04x on Day 3

Kanishk Aluminium India Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription. The fixed issue price is set at ₹73 per share. The ₹29.20 crore IPO reached 1.04 times by 5:24:56 PM on day three. This indicates moderate investor interest in this Jodhpur-based manufacturer specialising in a wide range of aluminium extrusion products, incorporated in 2022.

Kanishk Aluminium India IPO subscription reached moderate 1.04 times on day three. It was led by Individual Investors (1.86x) and Non-Institutional Investors (0.23x). Total applications reached 1,178.

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Subscription Status of Kanishk Aluminium India IPO:

Here are the subscription details for Kanishk Aluminium India IPO as of Day 3 (January 30, 2026, 5:24:56 PM)

Key Highlights - Day 3:

• Overall subscription reached moderate 1.04 times, showing substantial improvement from day two's 0.50 times
• Individual investors displaying moderate confidence at 1.86 times, building substantially from day two's 0.97 times, indicating moderate retail demand for this fixed price SME IPO
• Non-institutional investors showing weak performance at 0.23 times, building substantially from day two's 0.03 times, but still indicating inadequate HNI appetite for this aluminium extrusion products manufacturer
• Total applications reached 1,178, showing very limited investor participation for this fixed price SME IPO
• Cumulative bid amount reached ₹28.92 crores, modestly falling short of the net offer size of ₹27.74 crores (excluding market maker portion)
• Market makers fully subscribed their allocation of ₹1.46 crores

Kanishk Aluminium India IPO - Day 2 Subscription at 0.50 Times

Key Highlights - Day 2:

• Overall subscription reached weak 0.50 times, showing substantial improvement from day one's 0.17 times
• Individual investors displaying moderate confidence at 0.97 times, building substantially from day one's 0.22 times
• Non-institutional investors showing negligible performance at 0.03 times, declining substantially from day one's 0.12 times

Kanishk Aluminium India IPO - Day 1 Subscription at 0.17 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.17 times, showing very cautious initial investor interest
• Individual investors displaying weak confidence at 0.22 times, indicating weak retail appetite
• Non-institutional investors showing weak performance at 0.12 times, indicating weak HNI interest

About Kanishk Aluminium India Limited

Incorporated in 2022, Kanishk Aluminium India Limited is a Jodhpur-based manufacturer specialising in a wide range of aluminium extrusion products. The company operates from a modern 4,000 square metre facility in the "Blue City" of Rajasthan. Kanishk Aluminium serves multiple sectors, including electronics, automotive, solar, furniture, transport, electrical, and architecture, through its diverse and customised aluminium profile solutions. Product portfolio includes aluminium extrusions (solid and hollow section profiles, solar profiles, heatsinks, railings, sliding/fixed window and door profiles), engineering products (channels, sections, flat bars, and tubes with various finishes, tolerances, and tempers), and hardware and architectural solutions (kitchen profiles, railing systems, and other customised architectural applications).