Kanishk Aluminium India Limited
Fixed Price IPO · BSE
- Price band
- ₹73 - ₹73
- Lot size
- 1,600 shares
- Issue amount
- ₹29.2 cr
- Total subscription
- 1.1×
- Opens
- 28 Jan 2026
- Closes
- 30 Jan 2026
- Allotment
- 2 Feb 2026
- Listing
- 4 Feb 2026
Offer at a glance
Issue overview
- Issue size
- 40,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,16,800
- Fresh issue
- ₹29.2 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,16,800
- Issue type
- Fixed Price IPO
- Shares before issue
- 94,40,000
- Shares after issue
- 1,34,40,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,33,600 |
| sHNI | 3 | 4,800 | ₹3,50,400 |
Share reservation
Subscription & GMP
Subscription by category
Reported 30 Jan 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| NIB | 0 | 63 |
| RETAIL | 594 | 1,096 |
| HNIs (2-10L) | 396 | 61 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 13.88 | 25.79 |
| NIB | 13.86 | 4.59 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Aug-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 5.47 | 3.22 | 1.92 | 2.25 |
| ROE | 29.21 | 20.21 | 15.59 | 34.41 |
| ROCE | 19.92 | 14.61 | 10.95 | 10.78 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 22.67 | 0 | 0 |
| POST IPO(PE) | 19.03 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Kanishk Aluminium India Limited | 22.67 | 0 | 40.00 | 17.56 | 20.21 | 3.22 |
| Maan Aluminum Limited | 55.84 | 0 | 5.00 | 32.99 | 9.00 | 2.87 |
| Banco Products (India) Limited | 24.79 | 0 | 2.00 | 91.08 | 30.01 | 27.39 |
Company information
Company profile
Incorporated in 2022, Kanishk Aluminium India Ltd. is a Jodhpur-based company engaged in manufacturing aluminium extrusion products from its modern 4,000 sq. metre facility in Rajasthan. The company offers a wide range of customised aluminium profiles used across industries such as electronics, automotive, solar, furniture, transport, electrical, and architecture. Its product range includes solid and hollow aluminium extrusions, solar profiles, heatsinks, window and door profiles, railings, engineering items like channels, flat bars and tubes, as well as kitchen and architectural hardware solutions. As of November 30, 2025, the company had a team of 46 employees managing operations, quality control, administration, and business activities.
Strengths
- Broad Aluminium Product Range: The Company offers a wide variety of aluminium extrusion products and works as a complete solution provider. Its extensive die inventory enables customised profiles for different industries, reducing dependence on any single sector and allowing smooth adjustment to market changes.
- Customised Solutions and Flexible Manufacturing: The Company owns a large number of extrusion dies, allowing it to produce aluminium products in various sizes, shapes, and finishes based on customer requirements. This flexibility helps build long-term customer relationships and supports wider market penetration.
- Robust Raw Material Sourcing Network: The Company has established strong relationships with suppliers to procure primary aluminium ingots and recycled aluminium from domestic as well as international markets. This diversified sourcing network ensures uninterrupted supply, better cost control, and consistent product quality.
Risk factors
- Possible Conflicts with Promoter Group Businesses: Certain Promoter Group entities operate in similar or overlapping business areas, which may create potential conflicts of interest. There is no guarantee that promoter interests will always be aligned with the Company’s interests or that future competition will not arise.
- Earlier Delays in Statutory and Regulatory Filings: The Company has faced delays in GST, PF, and ESIC filings in the past, and PF was earlier not deducted for promoters, directors, or KMPs. Although no penalties have been imposed to date, any future regulatory action or penalties could negatively affect financial performance.
- Past Non-Compliance under the Companies Act: The Company has had instances of discrepancies in filings with the Registrar of Companies and certain non-compliances under the Companies Act. These issues may lead to penalties and could impact the Company’s operations and financial position.
Promoters
Mr. Parmanand Agarwal
Mrs. Khusboo Agarwal
Mr. Ashish Agarwal
Registrar & documents
Lead manager
Sun Capital Advisory Services (P) Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. E-849 A Fourth Phase RIICO Boranada Jodhpur, Rajasthan, 342001
+91 92570 61994
[email protected]Company website ↗Understanding KANISHK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.