Kanishk Aluminium India IPO
Fixed Price IPO | ₹29.00 Cr | Listing at BSE SME
Closed
GMP: 0.00
IPO Open
Wed, Jan 28, 2026
IPO Close
Fri, Jan 30, 2026
Price Band
-
Market Cap (Pre-IPO)
₹98.11 Cr
IPO Details
| IPO Date | Jan 28, 2026 to Jan 30, 2026 |
| Listing Date | Tentative: Feb 04, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | - |
| Lot Size | 1600 Shares |
| Sale Type | Fresh Issue |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Issue Size | ₹29.00 Crores |
| Total Shares Offered | 4,000,000 shares |
| Offer For Sale | 4,000,000 shares |
Kanishk Aluminium India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 19,00,800 (47.52%) |
| NII Shares Offered | 18,99,200 (47.48%) |
Kanishk Aluminium India IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹233,600 |
| Retail (Max) | 2 | 3,200 | ₹233,600 |
| S-HNI (Min) | 0 | - | ₹0 |
| S-HNI (Max) | 0 | - | ₹0 |
| B-HNI (Min) | 3 | 4,800 | ₹350,400 |
Kanishk Aluminium India Financial Information (Restated Consolidated)
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 60.47 | 50.50 | 41.09 | 37.11 |
| Total Income | 29.25 | 60.13 | 59.54 | 59.68 |
| Profit After Tax | 2.15 | 3.04 | 1.52 | 1.76 |
| EBITDA | 4.08 | 6.63 | 4.50 | 4.06 |
| NET Worth | 18.72 | 16.57 | 13.53 | 6.01 |
| Reserves and Surplus | 9.28 | 7.13 | 7.63 | 1.11 |
| Total Borrowing | 25.55 | 22.74 | 20.84 | 26.45 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 20.21% |
| ROCE (Return on Capital Employed) | 14.61% |
| Debt/Equity | 1.37 |
| RoNW (Return on Net Worth) | 20.21% |
| PAT Margin (Profit After Tax 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 |
| Promoter Holding | 99.99% | 70.24% |
Company Promoters
- Mr. Parmanand Agarwal
- Mrs. Khusboo Agarwal and Mr. Ashish Agarwal are the promoters of the Issuer Company.
Company Overview
Company Overview
- Incorporated in 2022, Kanishk Aluminium India Ltd is a Jodhpur-based aluminium extrusion manufacturer located in Rajasthan’s “Blue City”.
- The company operates from a modern 4,000 sq. metre manufacturing facility, focused on precision aluminium products.
- Serves key industries such as electronics, automotive, solar energy, furniture, transport, electrical, and architectural infrastructure.
- Specializes in customised aluminium extrusion and profile solutions for industrial and commercial applications.
Product Portfolio
- Aluminium Extrusions: Solid & hollow sections, solar profiles, heatsinks, railings, sliding and fixed window & door profiles
- Engineering Products: Aluminium channels, sections, flat bars, and tubes with multiple finishes, tolerances, and tempers
- Hardware & Architectural Solutions: Kitchen profiles, railing systems, and customised architectural aluminium products
Workforce
- As of November 30, 2025, the company had 46 employees across manufacturing, quality control, administration, and business operations.
Company Strengths
- Diverse Product Range and Customization
- Flexibility and Market Agility
- In-House Quality Control Mechanism
- Resource Optimization and Operational Efficiency
- Commitment to Innovation and Growth
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Kanishk Aluminium India IPO Peer Comparison
Kanishk Aluminium India peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kanishk Aluminium India Ltd. | 3.22 | 0.00 | 17.56 | 22.67 | 16.00 | 0.00 | Standalone |
| Maan Aluminum Limited | 2.87 | 0.00 | 32.99 | 55.84 | 8.70 | - | Standalone |
| Banco Products (i) Limited | 27.39 | 0.00 | 91.08 | 24.79 | 30.01 | 6.53 | Consolidated |
Quick Info
| Sector | Aluminium Manufacturing and Extrusion |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹98.11 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jan 28, 2026 |
| IPO Close | Jan 30, 2026 |
| Allotment Date | Feb 02, 2026 |
| Credit to Demat | Feb 03, 2026 |
| Listing Date | Tentative: Feb 04, 2026 |
Lead Manager(s)
Sun Capital Advisory Services Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Kanishk Aluminium India IPO is a fixed price SME IPO with an issue size of ₹29.20 crore, entirely a fresh issue of 0.40 crore shares. The IPO opens on January 28, 2026 and closes on January 30, 2026, with allotment expected on February 2, 2026. The company is set to list on BSE SME on February 4, 2026.
- The IPO price is ₹73 per share with a lot size of 1,600 shares. The minimum retail investment is ₹2,33,600, while HNI investors need to invest ₹3,50,400.