Kanishk Aluminium India Limited IPO
Kanishik Aluminium specializes in the manufacturing of a comprehensive range of aluminium extrusion products, including solid and hollow section profiles, solar profiles, railings, heatsinks, and sliding and fixed windows and doors. The company caters to a diverse set of industries such as electronics, automotive, mechanical engineering, solar energy, furniture, transportation, electrical equipment and architecture. In 2024, the company launched its premium brand, “Baari by Kanishk”, focused on aluminium system doors and windows. Under this brand, Kanishik Aluminium designs and manufactures high-quality solutions such as sliding doors, casement systems, slide-and-fold doors, lift-and-slide doors and fixed panels, addressing the growing demand for modern architectural and lifestyle solutions.
Price Band₹73 |
Dates28 Jan - 30 Jan |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹29.20 Crs |
Kanishk Aluminium IPO Key Dates
Opening Date
28 Jan 26
Closing Date
30 Jan 26
Basis Of Allotment
02 Feb 26
Initiations Of Refund
03 Feb 26
Credit Of Shares
03 Feb 26
Listing Date
04 Feb 26
Kanishk Aluminium IPO Objects
- Repayment, in full or part, of certain borrowings availed by the Company
- Branding and Promotion of Brand "Baari by Kanishk‟
- General Corporate Purpose
Kanishk Aluminium IPO Details
Price Band₹73 |
Listing AtBSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹29.20 Cr (0.40 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹29.20 Cr (0.40 Cr Shares) |
Face Value₹10 per equity share |
Kanishk Aluminium IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
3,200
2,33,600
Maximum
2
3,200
2,33,600
|
|||
| Others |
Minimum
3
4,800
3,50,400
|
|||
Kanishk Aluminium IPO GMP
The estimated Grey Market Premium of Kanishk Aluminium IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| NII | 50% of Net Offer |
| Retail | 50% of Net Offer |
| Market Maker | 2,00,000EQ. Shares |
Kanishk Aluminium IPO Financials
| Particulars | Aug-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 29.18 | 59.78 | 59.30 | 59.16 |
| PAT | 2.15 | 3.04 | 1.52 | 1.76 |
| Net Worth | 18.72 | 16.57 | 13.53 | 6.01 |
| Borrowings | 25.55 | 22.74 | 20.84 | 26.45 |
| Assets | 60.47 | 50.50 | 41.09 | 37.11 |
| NAV (₹) | 19.83 | 17.55 | 22.93 | 12.26 |
| EPS (₹) | 5.47 | 3.22 | 1.92 | 2.25 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 11.10% |
| PAT | 5.09% |
| ROE | 20.21% |
| ROCE | 14.61% |
| Debt to Equity | 1.37 |
| PE Ratio | 22.67 |
| PB Ratio | 4.16 |
| Mkt Cap (in Crs.) | 98.11 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Kanishk Aluminium IPO Peer Comparision
| Particulars | Kanishk Aluminium | Maan Aluminum | Banco Products |
|---|---|---|---|
| Revenue | 59.78 | 3,212.52 | 810.17 |
| PAT | 3.04 | 391.80 | 15.51 |
| EPS (₹) | 3.22 | 2.87 | 27.39 |
| NAV (₹) | 17.56 | 32.99 | 91.08 |
| RONW | 20.21% | 9.00% | 30.01% |
| EBITDA | 11.10% | 20.31% | 3.66% |
| PAT Mrgn | 5.09% | 12.20% | 1.91% |
| PE Ratio | 22.67 | 55.84 | 24.79 |
| Debt to Equity | 1.37 | 0.02 | 0.50 |
All information pertains to FY 2024-25. The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of 28th November, 2025 for Peers
Kanishk Aluminium IPO Peer Comparision
| Particulars | Kanishk Aluminium |
|---|---|
| Revenue | 59.78 |
| PAT | 3.04 |
| EPS (₹) | 3.22 |
| NAV (₹) | 17.56 |
| RONW | 20.21% |
| EBITDA | 11.10% |
| PAT Mrgn | 5.09% |
| PE Ratio | 22.67 |
| Debt to Equity | 1.37 |
| Maan Aluminum | Banco Products |
|---|---|
| 3,212.52 | 810.17 |
| 391.80 | 15.51 |
| 2.87 | 27.39 |
| 32.99 | 91.08 |
| 9.00% | 30.01% |
| 20.31% | 3.66% |
| 12.20% | 1.91% |
| 55.84 | 24.79 |
| 0.02 | 0.50 |
All information pertains to FY 2024-25. The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of 28th November, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Parmanand Agarwal | 83.05% |
| Khushboo Agarwal | 16.94% |
| Total | 99.99% |
Management Details
| Name | Designation |
|---|---|
| Om Agarwal | Chairman & MD |
| Nitin Pandya | CFO |
Company Details
Name: Kanishk Aluminium India Limited
Address: Plot No. E-849 A, Fourth Phase RIICO Boranada - 342001, Jodhpur, Rajasthan India.
Number: +91 92570 61994
Email: cs@kanishkindia.co.in
Website: https://kanishkindia.co.in/
Book Running Lead Managers (BRLMs)
RTAs
KFin Technologies
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Kanishk Aluminium IPO is a SME IPO having an issue size of Rs. ₹29.20 Crs. Kanishk Aluminium IPO is priced at ₹73 - ₹73 per share. The issue opens on 28 Jan 26 and closes on 30 Jan 26.
Kanishk Aluminium IPO opens on 28 Jan 26 and closes on 30 Jan 26.
The estimated Grey Market Premium of Kanishk Aluminium IPO is ₹0 per share (0.00%).
The minimum lot size of Kanishk Aluminium IPO is 1600 shares & the minimum application amount is Rs. 116800.
The allotment date of Kanishk Aluminium IPO is 02 Feb 26.
The listing date of Kanishk Aluminium IPO is 04 Feb 26.
Kanishk Aluminium IPO is subscribed -.
Kanishk Aluminium IPO is priced at ₹73 - ₹73 per share.
Click the allotment link on Kanishk Aluminium IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Kanishk Aluminium IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!