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24 Jan, 2026
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Kanishk Aluminium India IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 |
Kanishk Aluminium India IPO Timeline
| Detail | Description |
|---|---|
| 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 | - |
Kanishk Aluminium India 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 |
Kanishk Aluminium India IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 99.99% |
| Promoter Holding Post Issue | 70.24% |
Competitive Strength:
- • Diversified product range and customized service.
- • Operational efficiency and high-quality control.
- • Strong market reach and presence via clients.
Kanishk Aluminium India IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
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Frequently asked Questions (FAQs )
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What does Kanishk Aluminium India Ltd. do?
The company specializes in manufacturing a wide range of aluminium extrusion profiles and architectural solutions, including its premium brand 'Baari by Kanishk' for luxury doors and windows, also has a PAN-India market exposure and international clients.
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What is the total issue size of Kanishk Aluminium India IPO?
The total issue size is 40,00,000 equity shares, entirely a fresh issue.
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What are the open and listing dates for Kanishk Aluminium India IPO?
The IPO is scheduled to open for subscription from January 28 to January 30, 2026, with a tentative listing date on the BSE SME platform fixed as of February 4, 2026.
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Who are the BRLM and Registrar of the Kanishk Aluminium India IPO?
The Book Running Lead Manager (BRLM) is Sun Capital Advisory Services Pvt. Ltd. and the registrar for the issue is KFin Technologies Ltd.
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What is the price band and retail investment requirement of Kanishk Aluminium India IPO?
The fixed price for the issue is ₹73 per share. The minimum investment required by an individual investor is ₹2,33,600 (3,200 shares).
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How will Kanishk Aluminium India Ltd. use its IPO proceeds?
The company intends to use the net proceeds for repayment of borrowings, funding branding and promotional activities for 'Baari by Kanishk' and the rest for general corporate purposes.
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