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Kanishk Aluminium India IPO is an SME IPO with Fresh Issue Only and Fixed Price Issue. The company will raise upto aggregating up to 29 crore 20 lakh for 40,00,000 shares from the IPO. The IPO issue size is 40,00,000 shares (aggregating up to 29 crore 20 lakh), fresh issue: 40,00,000 shares (aggregating up to 29 crore 20 lakh) and offer for sale: NIL.
is the lead manager and Kfin Technologies Ltd is the registrar of IPO.

The IPO will open for subscription on 28 January 2026 and close on 30 January 2026. The basis of allotment will be decided on 2 February 2026 and Kanishk Aluminium India IPO shares will be listed on 4 February 2026 at BSE SME.

Price band for IPO is ₹73 per share, minimum and maximum amount required for retail investor is ₹2,33,600 (3,200 shares, 2 lots), minimum amount required for sHni investor is ₹3,50,400 (4,800 shares, 3 lots).

Kanishk Aluminium India IPO Details, Price, Market Lot

Kanishk Aluminium India IPO Details
IPO Open Date
IPO Close Date
IPO Issue Size
Issue (Sale Type)
Fresh Issue
Offer for Sale
Offered to Public
Reserved for Market Maker
Market Maker
Share Holding (Pre Issue)
Share Holding (Post Issue)
Listing At
Kanishk Aluminium India IPO Price
has set a price band of , lot size is of and face value is .
Face Value
Price Band
₹73 per share
Lot Size
1,600 shares
IPO Issue Type
Kanishk Aluminium India IPO Time Table
IPO will open for subscription on and close on . Basis of Allotment will be decided on , initiation of refund will begin on and IPO will be listed on at .
IPO Open Date
IPO Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Share to Demat Account
IPO Listing Date
IPO Cut-off time (UPI mandate confirmation)
Kanishk Aluminium India IPO Reservation
Total shares offered by IPO is . Out of which is reserved for retail, is reserved for HNI (NII), is reserved for QIB, and is reserved for market maker .
Retail Quota
NII Quota
QIB Quota
Market Maker Quota
Total
Company Promotor & Promotor's Holding
Pre Issue Promotor Holding
Post Issue Promotor Holding
Kanishk Aluminium India IPO Registrar
Kanishk Aluminium India IPO Lead Manager
is the book running lead manager, is the registrar and the market maker of the IPO
IPO Financial Indicator (valuations)
Market Capitalization
Debt/Equity
ROE
ROCE
RONW
P/BV
PAT Margin
EBITDA
Kanishk Aluminium India IPO P/E ratio and EPS
EPS (Pre IPO)
EPS (Post IPO)
P/E ratio (Pre IPO)
P/E ratio (Post IPO)

Kanishk Aluminium India IPO Lot Size and Required Amount

has set a price band of and lot size is of . Retail investors can bid for a minimum and maximum of lots ( shares), requiring an investment of . Small HNI (sHNI) investors can bid for a minimum of lots ( shares), requiring an investment of and maximum of lots ( shares), requiring an investment of .

Number of Shares Per Lot =
Application Lot(s) Shares Amount
Retail (Minimum)
Retail (Maximum)
S-HNI (Minimum)
Number of Shares Per Lot =
Application Lot(s) Shares Amount
Retail (Min)
Retail (Max)

Kanishk Aluminium India Financials

Kanishk Aluminium India SME Financials
Annual Performance (31 Mar 25 vs 31 Mar 24)
Kanishk Aluminium India SME's Assets increased by 22.9%, Revenue increased by 1%, Profit After Tax increased by 100%, EBITDA increased by 47.3%, Net Worth increased by 22.5%, Total Borrowing increased by 9.1%, Reserves & Surplus dropped by 6.6% compared to the previous financial year.
Assets
▲ 22.9% (9.41)
Revenue
▲ 1% (0.59)
Profit After Tax
▲ 100% (1.52)
EBITDA
▲ 47.3% (2.13)
Net Worth
▲ 22.5% (3.04)
Total Borrowing
▲ 9.1% (1.9)
Reserves & Surplus
▼ 6.6% (-0.5)

Previous Financial Year Growth (31 Mar 24 vs 31 Mar 23)
Comparing 31 Mar 24 with 31 Mar 23, Assets increased by 10.7%, Revenue dropped by 0.2%, Profit After Tax dropped by 13.6%, EBITDA increased by 10.8%, Net Worth increased by 125.1%, Total Borrowing dropped by 21.2%, Reserves & Surplus increased by 587.4%.
Assets (Prev Yr)
▲ 10.7% (3.98)
Revenue (Prev Yr)
▼ 0.2% (-0.14)
Profit After Tax (Prev Yr)
▼ 13.6% (-0.24)
EBITDA (Prev Yr)
▲ 10.8% (0.44)
Net Worth (Prev Yr)
▲ 125.1% (7.52)
Total Borrowing (Prev Yr)
▼ 21.2% (-5.61)
Reserves & Surplus (Prev Yr)
▲ 587.4% (6.52)

2-Year Performance Change (31 Mar 23 To 31 Mar 25)
Between 31 Mar 25 and 31 Mar 23, Assets increased by 36.1%, Revenue increased by 0.8%, Profit After Tax increased by 72.7%, EBITDA increased by 63.3%, Net Worth increased by 175.7%, Total Borrowing dropped by 14%, Reserves & Surplus increased by 542.3%.
Assets (2-Yr Change)
▲ 36.1% (13.39)
Revenue (2-Yr Change)
▲ 0.8% (0.45)
Profit After Tax (2-Yr Change)
▲ 72.7% (1.28)
EBITDA (2-Yr Change)
▲ 63.3% (2.57)
Net Worth (2-Yr Change)
▲ 175.7% (10.56)
Total Borrowing (2-Yr Change)
▼ 14% (-3.71)
Reserves & Surplus (2-Yr Change)
▲ 542.3% (6.02)
  31 Aug 25 In Cr. 31 Mar 25 In Cr. 31 Mar 24 In Cr. 31 Mar 23 In Cr.
Assets 60.47 50.5 41.09 37.11
Revenue 29.25 60.13 59.54 59.68
Profit After Tax 2.15 3.04 1.52 1.76
EBITDA 4.08 6.63 4.5 4.06
Net Worth 18.72 16.57 13.53 6.01
Total Borrowing 25.55 22.74 20.84 26.45
Reserves & Surplus 9.28 7.13 7.63 1.11

Kanishk Aluminium India IPO Listed Peers Comparison

Company NameP/E ratioEPS (Basic)EPS (Diluted)NAV (per share)RoNW (%)P/BV
Banco Products (i) Ltd24.79(Banco)(Banco)27.39(Banco)91.08(Banco)30.01(Banco)6.53(Banco)
Maan Aluminum Ltd55.84(Maan)(Maan)2.87(Maan)32.99(Maan)8.70(Maan)(Maan)
Kanishk Aluminium India Ltd22.67(Kanishk)(Kanishk)3.22(Kanishk)17.56(Kanishk)16.00(Kanishk)(Kanishk)

About Kanishk Aluminium India

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Objects of the Issue

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Kanishk Aluminium India IPO Subscription Status

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Contact & Address
Address:
Phone:
Email:
Website:
IPO Prospectus

Kanishk Aluminium India IPO FAQs

Kanishk Aluminium India IPO is an SME IPO. The company will raise upto aggregating up to 29 crore 20 lakh for 40,00,000 shares. Face value is ₹10 per share, Price band is ₹73 per share, and cutt off price is ₹73 per share. The IPO opens on 28 January 2026 and closes on 30 January 2026. Kfin Technologies Ltd is the registrar and shares of Kanishk Aluminium India IPO will be listed at BSE SME.

The issue size of IPO is 40,00,000 shares (aggregating up to 29 crore 20 lakh). For fresh issue: 40,00,000 shares (aggregating up to 29 crore 20 lakh) and for offer for sale: NIL.

Price band for IPO is ₹73 per share.

The lot size of Kanishk Aluminium India IPO is of 1600. Minimum order quantity for retail investor is 3,200 shares (2 lots) and required amount is ₹2,33,600. Minimum order quantity for sHNI is 4,800 shares ( lots) and required amount is ₹3,50,400. Minimum order quantity for bHNI investor is - shares ( lots) and required amount is ₹.

The investors portion reserved for QIB is -, reserved for HNI is 18,99,200 shares (47.48%) and 19,00,800 shares (47.52%) reserved for retail investors.

The IPO will be available for subscription from 28 January 2026 to 30 January 2026. IPO open date is 28 January 2026 and close date is 30 January 2026.

Allotment date for IPO is 2 February 2026. On the allotment date, after the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.

The registrar for IPO is Kfin Technologies Ltd.

The IPO will be listed on 4 February 2026 at BSE SME.