Kanishk Aluminium SME IPO GMP History
Kanishk Aluminium SME IPO has been listed on February 4, 2026 at a listing price of ₹58.40, against the issue price of ₹73 — a loss of ₹14.6 (-20%). The GMP peaked at ₹7 on 30 January 2026 and reached a low of ₹0 on 29 January 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Kanishk Aluminium SME IPO raised ₹29.20 Cr. Cr. through its IPO at a price band of ₹73 per share, with a lot size of 1600 shares. The IPO was open for subscription from 28 Jan 2026 to 30 Jan 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 25 Aug, 12:55 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Feb 2026 | ₹ 4 | — | 5% | — | ₹ 4900 |
| 03 Feb 2026 | ₹ 4 | — | 5% | — | ₹ 4900 |
| 02 Feb 2026 | ₹ 4 | — | 5% | — | ₹ 4900 |
| 01 Feb 2026 | ₹ 4 | — | 5% | — | ₹ 4900 |
| 31 Jan 2026 | ₹ 4 | ▼ | 5% | — | ₹ 4900 |
| 30 Jan 2026 | ₹ 7 | ▲ | 10% | — | ₹ 5900 |
| 29 Jan 2026 | ₹ 0 | — | -- | — | — |
| 28 Jan 2026 | ₹ 0 | — | -- | — | — |
| 27 Jan 2026 | ₹ 0 | — | -- | — | — |
| 26 Jan 2026 | ₹ 0 | — | -- | — | — |
| 23 Jan 2026 | ₹ 0 | — | -- | — | — |
Kanishk Aluminium SME IPO dates
Key dates from opening to listing. Today is 3 October.
- Open 28 Jan 2026
- Close 30 Jan 2026
- Allotment 02 Feb 2026
- Refund/credit 03 Feb 2026
- Listing 04 Feb 2026
Kanishk Aluminium SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹73 |
|---|---|
| GMP-based estimate (pre-listing) | ₹77 (+5.5%) |
| Listing gain / loss | −₹14.6 per share |
| Listing date | 04 Feb, 2026 |
| Actual listing price | ₹58.40 (-20%) |
Is Kanishk Aluminium SME IPO GMP reliable?
Grey market premium for Kanishk Aluminium SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Kanishk Aluminium SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Kanishk Aluminium SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Kanishk Aluminium SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹4900. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Kanishk Aluminium SME IPO
Kanishk Aluminium is an Indian company engaged in the manufacturing and processing of aluminium products, catering to a wide range of industrial and commercial applications. The company was established with the objective of providing high-quality aluminium solutions and has gradually built a presence in sectors such as construction, electrical, and engineering. Over the years, it has developed capabilities in producing aluminium sections, profiles, and related products, focusing on consistency, durability, and customised requirements for its clients.
The company operates on a business model centred around manufacturing and supply of aluminium products to OEMs, contractors, and distributors. Promoted by experienced industry professionals, Kanishk Aluminium leverages technical know-how and customer relationships to expand its market reach. Its revenue is primarily driven by bulk orders and long-term client partnerships, with a focus on operational efficiency, quality control, and timely delivery to maintain competitiveness in the aluminium segment.
Frequently asked
What is the GMP of Kanishk Aluminium SME IPO?
The current Grey Market Premium (GMP) of Kanishk Aluminium SME IPO is ₹ 4.
What is the Kostak Price of Kanishk Aluminium SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Kanishk Aluminium SME IPO is not available.
What is the Subject to Sauda Price of Kanishk Aluminium SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹4900.
What was the actual listing price of Kanishk Aluminium SME IPO?
Kanishk Aluminium SME IPO listed on February 4, 2026 at ₹58.40, against the issue price of ₹73 — a loss of -20%.
How did the GMP of Kanishk Aluminium SME IPO trend before listing?
The GMP of Kanishk Aluminium SME IPO was stable in its final days before listing. The GMP peaked at ₹7 on 30 January 2026. View the day-wise table above for the complete GMP history.
Explore Kanishk Aluminium SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
