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Kanishk Aluminium India IPO
1.09xsubscribed

Kanishk Aluminium India IPO

Aluminium & Aluminium Products
listed
₹2.34LMin. investment

Kanishk Aluminium India Limited IPO Details

SectorAluminium & Aluminium Products
Price range₹73.00 – ₹73.00
IPO type
SME
Lot size1600 shares
Issue size₹29Cr
Draft Red Herring Prospectus
Read
Market cap
₹98.11CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹59.78CrLower than sector avg
Growth rate3Y CAGR
0.52%

Kanishk Aluminium India IPO Subscription Status

Date
QIB
NII
Retail
Total
28-Jan-26
0.0 times (X)
0.01 times (X)
0.22 times (X)
0.17 times (X)
29-Jan-26
0.0X
0.03X
0.97X
0.56X
30-Jan-26
0.0X
0.22X
1.85X
1.09X

As on 28-Jan-26, 5:30 PM

Kanishk Aluminium India IPO Timeline

  1. Pre-apply
    27 Jan 2026
  2. Bid start
    28 Jan 2026
  3. Bid end
    30 Jan 2026
  4. Allotment
    2 Feb 2026
  5. Release of funds
    3 Feb 2026
  6. Demat transfer
    3 Feb 2026
  7. Listing
    4 Feb 2026

About Kanishk Aluminium India Limited

Incorporated in 2022, Kanishk Aluminium India specialises in manufacturing a range of aluminium extrusion products, including solid/hollow sections, solar sections, railings, heat sinks, and sliding & fixed window & door profiles. These products have applications across different industries such as electronics, automobiles, mechanised engineering, solar energy, furniture, transportation, electrical devices, and building construction.
The company has an installed capacity of 4,200 MT per year through its manufacturing unit, having an operational area of 4,000 sq meters, which is located in Jodhpur, Rajasthan. In November 2024, the company launched a brand of its own, “Baari by Kanishk”, which deals in aluminium system doors and windows. Kanishk's diversified product range has 9 segments, out of which the architectural segment contributed 30.73%, followed by construction at 30.50%, renewable energy at 17.86%, and windows & door solutions at 14.86% as of August 2025, whereas the remaining segments include electronics, automobiles, hardware, automation, and medical equipment.
The domestic market accounts for a major part of the company’s revenue at 94.60% of its sales as of August 31, 2025. Rajasthan has been leading its market share, followed by Uttar Pradesh. Exports have been at a smaller level but do encompass their UK market, along with an upcoming presence in the Canadian, USA, and Dubai markets. They have been utilised at their plant in an optimal manner, having improved their capacity utilisation from 56.88% in FY23 to 60.14% in FY25, and further to 63.77% for the period ended August 31, 2025.

Checklist

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Objectives of Kanishk Aluminium India Limited IPO

Repayment of borrowing
67.20%
The company will use ₹19.50 crore for repayment of borrowings availed by it.
Issue expenses
15.10%
Part of the IPO proceeds will be used for issue expenses
General corporate purposes
14.90%
The company will use ₹4.31 crore for general corporate purposes.
Marketing expenses
2.70%
The company will use ₹0.79 crore for branding and promotion of its brand, “Baari by Kanishk‟

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹59.78Cr0.52%₹3.04Cr₹98.11Cr22.671.37
This sector (avg.)₹803.21Cr---₹209.33Cr₹2,177.12Cr28.6517.58
₹16,787.63Cr---₹5,267.94Cr₹70,792.98Cr11.530.01
₹615.75Cr---₹9.15Cr₹1,269.8Cr178.350.75
₹810.17Cr---₹15.51Cr₹934.5Cr54.440.51

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Kanishk Aluminium India IPO Contact Details

Company NameKanishk Aluminium India Limited

How to apply for Kanishk Aluminium India IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Kanishk Aluminium India Limited IPO FAQs