Kanishk Aluminium India IPO Details
| Detail | Description |
|---|---|
| IPO Date | 28 to 30 Jan, 2026 |
| Listing Date | Wed, Feb 4, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 73 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| 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. |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | 38,00,000 shares (agg. up to ₹ 28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 94,40,000 shares |
| Share Holding Post Issue | 1,34,40,000 shares |
About Kanishk Aluminium India IPO
Kanishk Aluminium India IPO is a fixed price issue of ₹29.20 crore, which is entirely a fresh issue of shares (0.40 crore shares). The price band for IPO is ₹73 per share and the lot size for an application is set at 1,600, while the minimum amount of investment required by an individual investor (retail investor) is ₹2,33,600 (3,200 shares). Kanishk Aluminium India IPO opens for subscription from Jan 28, 2026, to Jan 30, 2026 and will list on the BSE SME platform of the stock exchange with a tentative listing date fixed as Feb 4, 2026.
Company Background
Kanishk Aluminium India Ltd., incorporated in 2018, is a Jodhpur-based manufacturing company operating a modern 4,000 sq. meter facility in the ‘Blue City’ of Rajasthan. They are specialized in a wide range of aluminium extrusion products, engineering products and hardware & agricultural solutions. Kanishk Ltd. serves multiple sectors, including electronics, automotive, solar, furniture, and more. They provide diversified and customised aluminium profile solutions to their customers.
Operations & Product Range
Facility & Production
Kanishk Aluminium operates a state-of-the-art manufacturing hub in Jodhpur, Rajasthan’s ‘Blue City’, spanning over 110,000 sq. feet. The facility integrates 2 advanced extrusion presses with a combined annual capacity of 6,000 MT. This company features an in-house foundry capable of producing 7,500 MT of billets annually, alongside specialized anodizing, powder coating, and fabrication units for end-to-end production. This integrated facility ensures high-quality customized service as per client requirements.
Brand & Market Presence
Kanishk Aluminium India Ltd.'s flagship premium brand, 'Baari by Kanishk', specializes in luxury aluminium system doors and windows. Kanishk has established a robust pan-India presence through exclusive fabricator agreements across 10 major states, including Punjab, Delhi, and West Bengal. They also supply internationally on a customized basis for clients. Its products serve diverse sectors like solar energy, automotive, and high-end residential architecture, positioning it as a trusted industrial and retail partner.
Revenue Channels
Kanishk Aluminium India Ltd.’s revenue is strategically diversified across multiple high-growth verticals. Key revenue sources include:
- • Architectural solutions for residential and commercial projects
- • Specialized window and door solutions, industrial extrusions
- • Value-added services like surface treatment and precision machining for third-party clients
Management & Shareholding
Promoter & Shareholding
Kanishk Aluminium India Ltd. is led by its core promoters, who include Mr. Parmanand Agarwal, Mr. Ashish Agarwal, and Mrs. Khushboo Agarwal. Before the IPO, the promoters held a significant majority stake, reflecting strong family control and long-term commitment. After the Kanishk Aluminium India IPO, the shareholding pattern will be redistributed to include public investors and market participants.
Board Members
The board members of Kanishk Aluminium India Ltd. consist of 6 key individuals bringing decades of industry expertise. The board is chaired by Mr. Parmanand Agarwal (MD), supported by Whole-time Directors Mr. Ashish Agarwal and Mrs. Khushboo Agarwal. Strengthening their corporate governance, the board includes Independent Directors such as Ms. Hemlata Lohar, Mr. Shubham Arora, and Ms. Meenakshi Marmat, ensuring a balance of technical and strategic oversight.
Kanishk Aluminium India IPO Objective
- • Debt repayment (in part or in full) of certain borrowings to strengthen the balance sheet
- • Funding for branding and promotion of the brand
- • General corporate purpose
Conclusion
Kanishk Aluminium India IPO provides an opportunity to be a part of a 4-decade-old company by investing and owning a stake in the company. This company has shown significant growth in revenue and profits over the years and has built a reputation in the market that is hard to blur. Through the Kanishk Aluminium India IPO, they aim to expand manufacturing at a large scale. Their international market supply strengthens the business, and a portion of the IPO proceeds will be used for branding and promotion to expand their business in more countries.
Kanishk Aluminium India IPO Financial Information
Latest Revenue
29.25
₹ Crore
Profit After Tax
2.15
₹ Crore
Net Worth
18.72
₹ Crore
Total Borrowing
25.55
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Aug 2025 | 60.47 | 29.25 | 2.15 | 18.72 | 9.28 | 25.55 | |||
| 31 Mar 2025 | 50.50 | 60.13 | 3.04 | 16.57 | 7.13 | 22.74 | |||
| 31 Mar 2024 | 41.09 | 59.54 | 1.52 | 13.53 | 7.63 | 20.84 | |||
| 31 Mar 2023 | 37.11 | 59.68 | 1.76 | 6.01 | 1.11 | 26.45 | |||
| Amount in ₹ Crore | |||||||||
Kanishk Aluminium India Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 20.21% |
| ROCE | 14.61% |
| Debt/Equity | 1.37 |
| RoNW | 20.21% |
| PAT Margin | 5.09% |
| EBITDA Margin | 11.10% |
| Price to Book Value | 3.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.22 | 3.84 |
| P/E (x) | 22.66 | 19.03 |
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Competitive Strengths
Diversified product range and customized service.
Operational efficiency and high-quality control.
Strong market reach and presence via clients.
Download regulatory filings
Kanishk Aluminium India IPO Timeline
| IPO Open Date | Wed, Jan 28, 2026 |
| IPO Close Date | Fri, Jan 30, 2026 |
| Tentative Allotment | Mon, Feb 2, 2026 |
| Initiation of Refunds | Tue, Feb 3, 2026 |
| Credit of Shares to Demat | Tue, Feb 3, 2026 |
| Tentative Listing Date | Wed, Feb 4, 2026 |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |