Kanishk Aluminium India Limited IPO

Kanishk Aluminium India Limited IPO

SME BSE SME Fixed Price
Closed

Price Band

₹73

Total Issue

₹29.20 Cr

Bid Dates

28 Jan - 30 Jan

Subscription

-

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Kanishk Aluminium IPO
Category Lots Shares Amount
Individual (Min) 2 3,200 ₹2,33,600
Individual (Max) 2 3,200 ₹2,33,600
Others (Min) 3 4,800 ₹3,50,400
Market Maker
2,00,000EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹29.20 Cr
Fresh Issue
₹29.20 Cr (0.40 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹73
Est. Gain 0.00%

Kanishk Aluminium IPO Peer Comparison

(Rs. in crores)

Kanishk Aluminium IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Kanishk Aluminium IPO
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

KPIs

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.

Shareholding

Promoter

99.99%

Public

0.01%

Parmanand Agarwal 83.05%
Khushboo Agarwal 16.94%

Management

Om Agarwal Chairman & MD
Nitin Pandya CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Lead Managers (1)

Sun Capital Sun Capital

Subscription Status

Updated as on 30 Jan 2026 | 05:00:00 PM

BSE SME Subscription Status for Kanishk Aluminium IPO
Category Sub (x) Offered Bids
Individual Investor 1.86x 19,00,800 35,32,800
Others 0.23x 18,99,200 4,28,800
Total 1.04x 38,00,000 39,61,600

Frequently Asked Questions

What is Kanishk Aluminium IPO?
Kanishk Aluminium IPO is a SME IPO having an issue size of ₹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.
When will Kanishk Aluminium IPO open?
Kanishk Aluminium IPO opens on 28 Jan 26 and closes on 30 Jan 26.
What is the GMP of Kanishk Aluminium IPO?
The estimated Grey Market Premium of Kanishk Aluminium IPO is ₹0 per share (0.00%).
What is the lot size of Kanishk Aluminium IPO?
The minimum lot size of Kanishk Aluminium IPO is 1600 shares & the minimum application amount is Rs. 116800.
When is the allotment of Kanishk Aluminium IPO?
The allotment date of Kanishk Aluminium IPO is 02 Feb 26.
What is the listing date of Kanishk Aluminium IPO?
The listing date of Kanishk Aluminium IPO is 04 Feb 26.
What is the subscription of Kanishk Aluminium IPO?
Kanishk Aluminium IPO is subscribed -.
What is the price band of Kanishk Aluminium IPO?
Kanishk Aluminium IPO is priced at ₹73 - ₹73 per share.
How to check allotment status of Kanishk Aluminium IPO?
Click the allotment link on Kanishk Aluminium IPO page of IPO360.
How to apply Kanishk Aluminium IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Kanishk Aluminium IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Kanishk Aluminium IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Kanishk Aluminium IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date