Kanishk Aluminium India IPO: GMP, Price, Analysis, And Details

Kanishk Aluminium India IPO- Company Analysis

Kanishk Aluminium India IPO under the SME IPO category is a fixed price issue of Rs. 29.20 Cr by Kanishk Aluminium India Limited and manufacturer with headquarters in Jodhpur that specializes in a variety of aluminium extrusion products. The business is based in Rajasthan's "Blue City" at a state-of-the-art 4,000 square meter facility.

Through its varied and customised aluminium profile solutions, Kanishk Aluminium supports a variety of industries, including electronics, automotive, solar, furniture, transportation, electrical and architectural.

Product

• Extrusions made of aluminium.

• Products for Engineering.

Kanishk Aluminium India IPO Details

The Kanishk Aluminium India IPO date of opening is 28 Jan 2026, its initial public offering will end on 30 Jan, IPO allotment on Feb 02 and refund initiation on Feb 03, 2026.

The Rs. 29.20 crore new SME IPO comprises a wholly fresh issue of 0.40 crore shares.

The Kanishk Aluminium India IPO listing date (expected) might be on Wednesday, Feb 04, 2026, and listing at the BSE and SME. 

The Kanishk Aluminium India IPO price band is Rs. 73.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Jan 28, 2026
IPO Closing Date	Jan 30, 2026
IPO Allotment Date	Feb 02, 2026
Refund Initiation	Feb 03, 2026
IPO Listing Date	Feb 04, 2026

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	50.50	41.09	37.11
Total Income	60.13	59.54	59.68
PAT	3.04	1.52	1.76
EBITDA	6.63	4.50	4.06
Net Worth	16.57	13.53	6.01
Reserves & Surplus	7.13	7.63	1.11
Total Borrowing	22.74	20.84	26.45

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(176.30)	305.77	(205.86)
Net Cash Flow Investing Activities	162.40	(130.65)	263.35
Net Cash Flow Financing Activities	16.90	(169.79)	471.07

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company. ~ Rs. 19.50 Cr.

• Branding and Promotion of the Company brand, ‘Baari by Kanishk. ~ Rs. 0.80 Cr.

• General Corporate Purposes. ~ Rs. 4.32 Cr.
  
  

Listed Peers of Kanishk Aluminium India Ltd. 

Name of Company	Face Value (₹)	Basic EPS (₹)	PE Ratio (x)
Maan Aluminum Limited	5	2.87	55.84
Banco Products (India) Limited	2	27.39	24.79

 

Valuation

KPI	Value
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

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 3.22 from the last year, the resulting P/E ratio is 22.67x.

Explore the Bai Kakaji Polymers IPO.

IPO's Strengths

• Customization and a wide selection of products.

• Adaptability and agility in the market.

• Internal quality control system.

• Optimization of resources and efficiency in operations.

• Dedication to growth and innovation.
  
  

IPO’s Weaknesses

• Reliance on the cost of raw materials.

• Manual packaging procedure.

• Regional restrictions.

• Economic uncertainty.
  
  

Kanishk Aluminium India IPO GMP (Grey Market Premium)

Kanishk Aluminium India IPO GMP today has not started yet as of 22 Jan 2026 while writing this information. 

Kanishk Aluminium India IPO Summary

IPO Opening & Closing Date	28 Jan, 2026 to 30 Jan, 2026
Face Value	Rs. 10 per Share
Issue Price	Rs. 73 per Share.
Lot Size	1600 Shares
Issue Size	40,00,000 Shares (Rs. 29 Cr)
Offer for Sale	-
Fresh Issue	40,00,000 Shares (Rs. 29 Cr)
Listing at	BSE, SME
Issue Type	Fixed price issue IPO
Registrar	Kfin Technologies Ltd.

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (3200 Shares) for Rs. 2,33,600, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 3,50,400.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

Kanishk Aluminium India IPO Allotment Status

To check the Kanishk Aluminium India IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Kanishk Aluminium India Ltd.

• Mr. Parmanand Agarwal

• Mrs. Khusboo Agarwal 

• Mr. Ashish Agarwal.

Pre-Issue Promoter Shareholding	99.99%
Post-Issue Promoter Shareholding	70.24%

 

IPO Lead Managers

• Sun Capital Advisory Services Pvt. Ltd.
  
  

Dividend Policy

The company has not paid a dividend during the last three years.

 

Conclusion

The expanding need for aluminium extrusion in the electronics, photovoltaic, and automotive industries is the main emphasis of Kanishk Aluminium India Limited's IPO and SME fixed-price issue.

Strong ROE, increasing profitability, and the goal of repaying debt in order to reach the FY25 EPS value par acceptable dikhti hai, as well as lower raw-material risk and regional concentration. In general, medium-risk investors are better suited for the manufacturing theme and SME growth story exposure.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.