Kanishk Aluminium India IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 28 to Jan 30 2026
Price Band
₹73
Current GMP
₹58.4 (-20%)
Subscription
1.04 times
IPO Details
| IPO Date | 28 to 30 Jan, 2026 |
| Listing Date | Wed, Feb 4, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price | ₹73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 40,00,000 shares (agg. up to ₹ 29 Cr) |
| Reserved for Market Maker | 2,00,000 shares (agg. up to ₹ 1 Cr) Sunflower Broking Pvt.Ltd. |
| Net Offered to Public | 38,00,000 shares (agg. up to ₹ 28 Cr) |
| Share Holding Pre Issue | 94,40,000 shares |
| Share Holding Post Issue | 1,34,40,000 shares |
| BSE Script Code | 544693 |
| ISIN | INE163401016 |
IPO Date
28 to 30 Jan, 2026
Listing Date
Wed, Feb 4, 2026
Face Value
₹ 10 per share
Issue Price
₹73 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Issue Type
Fixed Price IPO
Listing At
BSE SME
Total Issue Size
40,00,000 shares (agg. up to ₹ 29 Cr)
Reserved for Market Maker
2,00,000 shares (agg. up to ₹ 1 Cr) Sunflower Broking Pvt.Ltd.
Net Offered to Public
38,00,000 shares (agg. up to ₹ 28 Cr)
Share Holding Pre Issue
94,40,000 shares
Share Holding Post Issue
1,34,40,000 shares
BSE Script Code
544693
ISIN
INE163401016
IPO Subscription Details
| Market Maker | 1 |
| NII*** | 0.23 |
| Individual Investors | 1.86 |
| Total ** | 1.04 |
Market Maker
1
NII***
0.23
Individual Investors
1.86
Total **
1.04
Day Wise Sub
| Day | NII* | Individual Investors | Total |
|---|---|---|---|
| Jan 2 8 (Day 1) | 0.12 | 0.22 | 0.17 |
| Jan 2 9 (Day 2) | 0.03 | 0.97 | 0.50 |
| Jan 3 0 (Day 3) | 0.23 | 1.86 | 1.04 |
DayJan 2
8 (Day 1)
NII*0.12
Individual Investors0.22
Total0.17
DayJan 2
9 (Day 2)
NII*0.03
Individual Investors0.97
Total0.50
DayJan 3
0 (Day 3)
NII*0.23
Individual Investors1.86
Total1.04
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 04-02-2026 | 73.00 | 0(0.00%) | 73 |
| 03-02-2026 | 73.00 | 0(0.00%) | 73 |
| 02-02-2026 | 73.00 | 0(0.00%) | 73 |
| 01-02-2026 | 73.00 | 0(0.00%) | 73 |
| 31-01-2026 | 73.00 | 0(0.00%) | 73 |
| 30-01-2026 | 73.00 | 0(0.00%) | 73 |
| 29-01-2026 | 73.00 | 0(0.00%) | 73 |
| 28-01-2026 | 73.00 | 0(0.00%) | 73 |
| 27-01-2026 | 73.00 | 0(0.00%) | 73 |
| 26-01-2026 | 73.00 | 0(0.00%) | 73 |
| 25-01-2026 | 73.00 | 0(0.00%) | 73 |
| 24-01-2026 | 73.00 | 0(0.00%) | 73 |
| 23-01-2026 | 73.00 | 0(0.00%) | 73 |
| 22-01-2026 | 73.00 | 0(0.00%) | 73 |
Date04-02-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date03-02-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date02-02-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date01-02-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date31-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date30-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date29-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date28-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date27-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date26-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date25-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date24-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date23-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
Date22-01-2026
Price73.00
GMP0(0.00%)
Estimate List Price73
IPO Important Dates
| IPO Open | Wed, Jan 28, 2026 |
| IPO Close | Fri, Jan 30, 2026 |
| Allotment | Mon, Feb 2, 2026 |
| Refund | Tue, Feb 3, 2026 |
| Credit of Shares | Tue, Feb 3, 2026 |
| Listing | Wed, Feb 4, 2026 |
IPO Open
Wed, Jan 28, 2026
IPO Close
Fri, Jan 30, 2026
Allotment
Mon, Feb 2, 2026
Refund
Tue, Feb 3, 2026
Credit of Shares
Tue, Feb 3, 2026
Listing
Wed, Feb 4, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,33,600 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,33,600 |
| HNI (Min) | 3 | 4,800 | ₹3,50,400 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,33,600
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,33,600
ApplicationHNI (Min)
Lots3
Shares4,800
Amount₹3,50,400
Key Performance Indicator
| 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 |
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
Peers Comparison
| Company Name | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Kanishk Aluminium India Ltd. | 3.22 | 17.56 | 22.67 | 16.00 | |
| Maan Aluminum Limited | 2.87 | 32.99 | 55.84 | 8.70 | |
| Banco Products (i) Limited | 27.39 | 91.08 | 24.79 | 30.01 | 6.53 |
Company NameKanishk Aluminium India Ltd.
EPS (Diluted)3.22
NAV (₹ per share)17.56
P/E (x)22.67
RoNW (%)16.00
P/BV Ratio
Company NameMaan Aluminum Limited
EPS (Diluted)2.87
NAV (₹ per share)32.99
P/E (x)55.84
RoNW (%)8.70
P/BV Ratio
Company NameBanco Products (i) Limited
EPS (Diluted)27.39
NAV (₹ per share)91.08
P/E (x)24.79
RoNW (%)30.01
P/BV Ratio6.53
IPO Reservation
| Market Maker Shares Offered | 2,00,000 (5.00%) |
| NII (HNI) Shares Offered | 18,99,200 (47.48%) |
| Retail Shares Offered | 19,00,800 (47.52%) |
| Total Shares Offered | 40,00,000 (100.00%) |
Market Maker Shares Offered
2,00,000 (5.00%)
NII (HNI) Shares Offered
18,99,200 (47.48%)
Retail Shares Offered
19,00,800 (47.52%)
Total Shares Offered
40,00,000 (100.00%)
Information about company
Incorporated in 2022, Kanishk Aluminium India Ltd. is a Jodhpur-based manufacturer specialising in a wide range of aluminium extrusion products. The company operates from a modern 4,000 sq. 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.
As of November 30, 2025, the company employed 46 personnel responsible for operations, quality control, administration, and business functions.
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company 19.50 2 Branding and Promotion of Company brand, ‘Baari by Kanishk 0.80 3 General Corporate Purposes 4.32
Disclaimer
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