Kanishk Aluminium India IPO
Kanishk Aluminium India IPO Details
-
Open Date
28 Jan 2026
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Close Date
30 Jan 2026
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Listing Date
04 Feb 2026
- IPO Price Range
₹ 73
- IPO Size
₹ 29.20 Cr
- Listing Exchange
BSE SME
Kanishk Aluminium India IPO Timeline
Kanishk Aluminium India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 28-Jan-2026 | - | 0.12 | 0.22 | 0.17 |
| 29-Jan-2026 | - | 0.03 | 0.97 | 0.50 |
| 30-Jan-2026 | - | 0.23 | 1.86 | 1.04 |
Last Updated: 30 January 2026 6:49 PM by 5paisa
Kanishk Aluminium India Ltd. is a Jodhpur-based manufacturer operating from a modern 4,000 sq. metre facility in Rajasthan’s “Blue City”. The company specialises in aluminium extrusion solutions serving electronics, automotive, solar, furniture, transport, electrical, and architectural sectors. Its portfolio includes solid and hollow extrusions, solar profiles, heatsinks, engineering sections, and customised hardware and architectural aluminium systems.
Established in: 2022
Managing Director: Mr. Parmanand Agarwal
Peers:
Maan Aluminum Limited
Banco Products (India) Limited
Kanishk Aluminium India Objectives
1. The company will repay or prepay borrowings amounting to 19.50 Cr.
2. Branding and promotion activities for Baari by Kanishk at 0.80 Cr.
3. General corporate purposes will be funded with 4.32 Cr.
Kanishk Aluminium India IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹29.20 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹29.20 Cr |
Kanishk Aluminium India IPO Lot Size
| Application | Lots | Shares | 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 |
Kanishk Aluminium India IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| Non-Institutional Buyers | 0.23 | 18,99,200 | 4,28,800 | 3.13 |
| Individual Investors (IND category bidding for 2 Lots) | 1.86 | 19,00,800 | 35,32,800 | 25.79 |
| Total** | 1.04 | 38,00,000 | 39,61,600 | 28.92 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 59.16 | 59.30 | 41.40 |
| EBITDA | 4.06 | 4.50 | 4.91 |
| PAT | 1.76 | 1.60 | 2.06 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 37.11 | 41.09 | 45.22 |
| Share Capital | 4.90 | 4.90 | 5.90 |
| Total Liabilities | 37.11 | 41.09 | 45.22 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -2.06 | 3.06 | 1.62 |
| Net Cash Generated From / (used in) Investing Activities | -2.63 | -1.31 | 1.72 |
| Net Cash Generated From / (used in) Financing Activities | 4.71 | -1.70 | -3.20 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.02 | 0.05 | 0.13 |
Strengths
1. In-house die manufacturing ensures precision and faster development.
2. Diverse BAARI BY KANISHK product portfolio serves multiple markets.
3. Premium quality aluminium products offered at competitive pricing.
4. Experienced leadership with strong industry and market expertise.
Weaknesses
1. Profitability impacted by fluctuating aluminium raw material prices.
2. Manual packaging processes limit large-scale production efficiency.
3. Market presence concentrated in limited domestic regions currently.
4. Expansion pace constrained by regional operational focus.
Opportunities
1. Rising demand for premium aluminium windows and doors.
2. Expansion potential in export and international markets.
3. Automation adoption can improve efficiency and scalability.
4. Strategic partnerships with developers and architects drive growth.
Threats
1. Intense competition pressures margins and market share.
2. Economic uncertainty may reduce premium product demand.
3. Regulatory changes may increase compliance and operating costs.
4. Supply chain disruptions affect raw material availability.
1. Strong presence in aluminium extrusion and architectural segments.
2. Diverse product portfolio catering to multiple high-growth industries.
3. Focus on premium, value-added aluminium solutions.
4. Growth potential through exports and capacity expansion.
Kanishk Aluminium India operates in a growing aluminium extrusion market driven by infrastructure, real estate, renewable energy, and automotive demand. Its modern manufacturing facility, diversified product portfolio, and focus on customised solutions position the company to benefit from increasing preference for aluminium in architectural and industrial applications. Expansion into premium window systems, exports, and value-added products further strengthens its long-term growth potential.
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FAQs
Kanishk Aluminium India IPO opens from January 28, 2025 to January 30, 2026.
The size of Kanishk Aluminium India IPO is ₹29.20.
The price band of Kanishk Aluminium India IPO is fixed at ₹73 per share.
To apply for Kanishk Aluminium India IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Kanishk Aluminium India. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Kanishk Aluminium India IPO is of 3,200 shares and the investment required is ₹2,33,600.
The share allotment date of Kanishk Aluminium India IPO is February 2,2026
The Kanishk Aluminium India IPO will likely be listed on February 4, 2026.
Sun Capital Advisory Services Pvt.Ltd is the book running lead managers for Kanishk Aluminium India IPO.
Kanishk Aluminium India IPO plans to utilise the raised capital from the IPO for:
1. The company will repay or prepay borrowings amounting to 19.50 Cr.
2. Branding and promotion activities for Baari by Kanishk at 0.80 Cr.
3. General corporate purposes will be funded with 4.32 Cr.