IPO Issue Details
Issue Price / Price Band₹73 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size40,00,000 shares (agg. up to ₹29 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 28 Jan 2026
Subscription CloseFri, 30 Jan 2026
Anchor AllotmentTue, 27 Jan 2026
Basis of AllotmentMon, 02 Feb 2026
Initiation of RefundsTue, 03 Feb 2026
Credit of Shares to DematTue, 03 Feb 2026
Listing DateWed, 04 Feb 2026
UPI Mandate Deadline5:00 PM on 30 Jan 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,33,600 — 3,200 shares
Retail — Max (13 Lots)₹1,518,400 (13 Lots)
HNI — Min (3 Lots)₹3,50,400 — 4,800 shares
EPS (Pre-IPO)₹3.22
EPS (Post-IPO)₹3.84
P/E Ratio (Pre-IPO)22.66x
P/E Ratio (Post-IPO)19.03x
Net Offer to Public38,00,000 shares (agg. up to ₹28 Cr)
Reserved for Market Maker2,00,000 shares (agg. up to ₹1 Cr)
Pre-IPO Promoter Holding94,40,000 shares
Post-IPO Promoter Holding1,34,40,000 shares
About Kanishk Aluminium India Ltd
Incorporated in 2022, Kanishk Aluminium India Ltd. is a Jodhpur-based manufacturer specialising in a wide range of aluminium extrusion products. The company operates from a modern 4,000 sq. metre facility in the "Blue City" of Rajasthan.Kanishk Aluminium serves multiple sectors, including electronics, automotive, solar, furniture, transport, electrical, and architecture, through its diverse and customised aluminium profile solutions.Product Portfolio:Aluminium Extrusions: Includes solid and hollow section profiles, solar profiles, heatsinks, railings, sliding/fixed window and door profilesEngineering Products: Channels, sections, flat bars, and tubes with various finishes, tolerances, and tempers.Hardware & Architectural Solutions: Kitchen profiles, railing systems, and other customised architectural applications.As of November 30, 2025, the company employed 46 personnel responsible for operations, quality control, administration, and business functions.Competitive Strengths:Diverse Product Range and CustomizationFlexibility and Market AgilityIn-House Quality Control MechanismResource Optimization and Operational EfficiencyCommitment to Innovation and Growth
Objects of the Issue
Kanishk Aluminium India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
94,40,000 shares
Post-IPO Promoter Holding
1,34,40,000 shares