Kanishk Aluminium SME IPO
Kanishk Aluminium IPO — date, price band, lot size & details 2026
Kanishk Aluminium listed on 4 Feb 2026 at ₹58.4, 20% below the ₹73 issue price.
Kanishk Aluminium IPO is a fixed‑price public issue by Kanishk Aluminium India Ltd, a Jodhpur‑based manufacturer of aluminium extrusion products like profiles for solar, automotive, electrical, furniture and architectural uses. The IPO, priced at ₹73 per share and aiming to raise about ₹29.2 cr on the BSE SME platform, opened from 28 Jan to 30 Jan 2026. Proceeds will mainly go towards debt repayment, branding its “Baari by Kanishk” range, and general corporate purposes.
Stock price
Kanishk Aluminium is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 to 30 Jan, 2026 |
|---|---|
| Price Band | ₹73 |
| Face Value | ₹10 |
| Lot Size | 1600 Shares |
| Issue Size | ₹29.20 Cr. Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,33,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1600 shares at the ₹73 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 3,200 | ₹2,33,600 |
| Retail (max) | 2 | 3,200 | ₹2,33,600 |
| HNI (min) | 3 | 4,800 | ₹3,50,400 |
Three years of numbers
All figures in ₹ crore, as reported in the Kanishk Aluminium offer document.
| Metric | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 60.47 | 50.50 | 41.09 | 37.11 |
| Total Income | 29.25 | 60.13 | 59.54 | 59.68 |
| Profit After Tax | 2.15 | 3.04 | 1.52 | 1.76 |
| EBITDA | 4.08 | 6.63 | 4.50 | 4.06 |
| NET Worth | 18.72 | 16.57 | 13.53 | 6.01 |
| Reserves and Surplus | 9.28 | 7.13 | 7.63 | 1.11 |
| Total Borrowing | 25.55 | 22.74 | 20.84 | 26.45 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Kanishk Aluminium RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Kanishk Aluminium IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹3.84 |
| P/E Ratio (x) | 19.03 |
| Market Cap at Offer Price (₹ Cr) | ₹40.87 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹73 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹24.62 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 92570 61994
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Sun Capital Advisory Services (P) Ltd
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average -1.1%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Kanishk Aluminium?
The current Grey Market Premium is ₹4, or 5% over the issue price.
What is the Kanishk Aluminium IPO price band?
₹73, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 February 2026, with listing on 4 February 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
