Kanishk Aluminium IPO Date, Review, Price, Allotment Details
Kanishk Aluminium IPO is scheduled to open for subscription on January 28, 2026, and will close on January 30, 2026. It is a fixed-price issue through which the company aims to raise approximately ₹29.20 crore. The IPO consists of a fresh issue worth ₹29.20 crore, along with an offer for sale of up to [.] equity shares, each having a face value of ₹10.
The issue price for the Kanishk Aluminium IPO has been fixed at ₹73 per share. The allocation is divided equally between retail investors and HNIs at 50% each, while no shares are reserved for QIBs. The shares are proposed to be listed on the BSE SME platform on February 4, 2026, with the allotment expected to be finalized on February 2, 2026.
In terms of financial performance, the company reported revenue of ₹60.13 crore in FY2025 compared to ₹59.54 crore in FY2024. Net profit increased to ₹3.04 crore in FY2025 from ₹1.52 crore in FY2024. Based on the company’s financials, the IPO may be suitable for investors with a long-term investment horizon.
Kanishk Aluminium IPO Details
IPO Open Date January 28, 2026 IPO Close Date January 30, 2026 Face Value ₹10 Per Equity Share IPO Price Band ₹73 Per Share Issue Size Approx ₹29.20 Crores Fresh Issue Approx ₹29.20 Crores Issue Type Fixed Price Issue IPO Listing BSE SME DRHP Draft Prospectus 
RHP Draft Prospectus
Kanishk Aluminium IPO Market Lot
The minimum market lot for the Kanishk Aluminium IPO is 3,200 shares, requiring an application amount of ₹2,33,600.
Application Lot Size Shares Amount Retail Minimum 2 3,200 ₹2,33,600 Retail Maximum 2 3,200 ₹2,33,600 S-HNI Minimum 3 4,800 ₹3,50,400
IPO Reservation
Investor Category Share Offered -% Shares Anchor Investor – Shares -% QIB (Ex. Anchor) – Shares -% NII Shares Offered 18,99,200 Shares 47.48% Retail Shares Offered 19,00,800 Shares 47.52%
Kanishk Aluminium IPO Anchor Investors
Anchor Bidding Date January 28, 2026 Anchor Investors List Shares Offered [.] Shares Anchor Size [.] Cr. lock-in period end date 50% shares (30 Days) March 4, 2026 lock-in period end date 50% shares (90 Days) May 3, 2026
Kanishk Aluminium IPO Dates
The Kanishk Aluminium IPO will open on January 28 and close on January 30. The allotment is expected to be finalized on February 2, followed by the IPO listing on February 4.
IPO Open Date: January 28, 2026 IPO Close Date: January 30, 2026 Basis of Allotment: February 2, 2026 Refunds: February 3, 2026 Credit to Demat Account: February 3, 2026 IPO Listing Date: February 4, 2026 IPO Bidding Cut-off Time: January 30, 2026 – 5 PM
Promoters and Holding Pattern
The company is promoted by Mr. Parmanand Agarwal, Mrs. Khusboo Agarwal, and Mr. Ashish Agarwal.
Particular Shares % Share Promoter Holding Pre Issue 94,40,000 99.99% Promoter Holding Post Issue 1,34,40,000 70.24%
Objects of the Issue & Utilisation of proceeds
Purpose Crores Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company ₹19.50 Branding and Promotion of Company brand, ‘Baari by Kanishk ₹0.80 General Corporate Purpose ₹4.32
About Kanishk Aluminium IPO
Founded in 2022, Kanishk Aluminum India is an emerging company engaged in the manufacturing of a wide range of aluminium extrusion products. Its diverse product line includes solid and hollow section profiles, solar profiles, railings, heatsinks, as well as profiles for sliding and fixed windows and doors. These products serve multiple industries, including electronics, automotive, mechanical, solar, furniture, transport, electrical, and architectural sectors.
The company is committed to delivering high-quality products and reliable services at competitive prices. It operates from a 4,000 square meter manufacturing facility located in Jodhpur, Rajasthan, popularly known as the Blue City. Additionally, Kanishk Aluminum India procures its primary raw material—aluminium—from a combination of pure aluminium ingots and recycled aluminium sources.
Kanishk Aluminium IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹59.68 ₹57.83 ₹1.76 ₹37.11 2024 ₹59.54 ₹57.74 ₹1.52 ₹41.09 2025 ₹60.13 ₹55.93 ₹3.04 ₹50.50 Aug 2025 ₹29.25 ₹26.34 ₹2.15 ₹60.47
Kanishk Aluminium IPO Valuation – FY2025
Check Kanishk Aluminium IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 20.21% ROCE: 14.61% EBITDA Margin: 11.10% PAT Margin: 5.09% Debt to equity ratio: 1.37 Earning Per Share (EPS): ₹3.22 (Basic) Price/Earning P/E Ratio: 22.67 Return on Net Worth (RoNW): 20.21% Net Asset Value (NAV): ₹17.56
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Maan Aluminum Limited 2.87 55.84 9.00% 32.99 810.17 Cr. Banco Products (India) Limited 27.39 24.79 30.01% 91.08 3,212.52 Cr.
IPO Lead Managers aka Merchant Bankers
- Sun Capital Advisory Services Pvt. Ltd.
Company Address
Kanishk Aluminium India Ltd
Plot No. E-849 A
Fourth Phase RIICO
Boranada
Jodhpur, Rajasthan, 342001
Phone: +91 92570 61994
Email: cs@kanishkindia.co.in
Website: https://kanishkindia.co.in/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: kal.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/