Kanishk Aluminium India Limited is entering the public markets through SME IPO with an issue size of ₹29.20 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on January 28, 2026 and will remain open until January 30, 2026. The company plans to list its shares on February 4, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Kanishk Aluminium India Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Kanishk Aluminium India Limited that investors generally review before applying.
IPO Details at a Glance
| Company Name | Kanishk Aluminium India Limited |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Fixed Price IPO |
| Price | ₹73 Per Share |
| Lot Size | 1,600 Shares |
| Face Value | ₹10 Per Share |
| Exchange | BSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 200,000 | 5.00% |
| NII (HNI) | 1,899,200 | 47.48% |
| Retail | 1,900,800 | 47.52% |
| Total Shares Offered | 4,000,000 | 100.00% |
Kanishk Aluminium India Limited IPO Important Dates
The following table highlights the key dates for the Kanishk Aluminium India Limited IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 28 Jan 2026 |
|---|---|
| IPO Closing Date | 30 Jan 2026 |
| Allotment Finalization | 02 Feb 2026 |
| Initiation of Refunds | 03 Feb 2026 |
| Credit of Shares | 03 Feb 2026 |
| IPO Listing Date | 04 Feb 2026 |
Kanishk Aluminium India Limited IPO Size & Structure
| Total IPO Size | ₹29.20 Crore |
|---|---|
| Fresh Issue | ₹29.20 Crore |
Kanishk Aluminium India IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Kanishk Aluminium India IPO, which is a fixed price IPO priced at ₹73 per share.
Investors can apply for the IPO with a minimum of 1600 shares. Applications must be made in multiples of 1600 shares.
- Retail investors can apply from 2 lot to 2 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹73 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹73 | ₹233,600 |
| Retail (Max) | 2 | 3,200 | ₹73 | ₹233,600 |
| HNI (Min) | 3 | 4,800 | ₹73 | ₹350,400 |
Kanishk Aluminium India Limited IPO GMP (Grey Market Premium)
The latest Kanishk Aluminium India Limited IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Kanishk Aluminium India Limited IPO GMP is ₹4 (5.48%), compared to the IPO issue price of ₹73. Based on the current GMP, the expected listing price is around ₹77. The Lowest GMP was ₹0 on 29 Jan 2026, while the highest GMP reached ₹7 on 30 Jan 2026.
Kanishk Aluminium India Limited IPO was listed on the stock exchange on 04 Feb 2026. The IPO was subscribed 1.04 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹4 (5.48%).Listing Details:
- Issue Price: ₹73 per share.
- Listing Price: ₹58.40 (approx. 20% discount)
- Listing Date: 04 Feb 2026
Kanishk Aluminium India Limited IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 04 Feb 2026 | ₹73 | ₹4 | 5.48% | ₹77 | ₹12,800 |
| 03 Feb 2026 | ₹73 | ₹4 | 5.48% | ₹77 | ₹12,800 |
| 02 Feb 2026 | ₹73 | ₹4 | 5.48% | ₹77 | ₹12,800 |
| 01 Feb 2026 | ₹73 | ₹4 | 5.48% | ₹77 | ₹12,800 |
| 31 Jan 2026 | ₹73 | ▼ ₹4 | ▼ 5.48% | ₹77 | ₹12,800 |
| 30 Jan 2026 | ₹73 | ▲ ₹7 | ▲ 9.59% | ₹80 | ₹22,400 |
| 29 Jan 2026 | ₹73 | ₹0 | 0% | ₹73 | ₹0 |
| 28 Jan 2026 | ₹73 | ₹0 | 0% | ₹73 | ₹0 |
| 27 Jan 2026 | ₹73 | ₹0 | 0% | ₹73 | ₹0 |
| 26 Jan 2026 | ₹73 | ₹0 | 0% | ₹73 | ₹0 |
| 24 Jan 2026 | ₹73 | ₹0 | 0% | ₹73 | ₹0 |
| 23 Jan 2026 | ₹73 | ₹0 | 0% | ₹73 | ₹0 |
| 22 Jan 2026 | ₹73 | ₹0 | 0% | ₹73 | ₹0 |
Kanishk Aluminium India Limited IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Kanishk Aluminium India Limited fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Kanishk Aluminium India Limited IPO.
Kanishk Aluminium India Limited IPO Subscription Status
Kanishk Aluminium India Limited IPO was subscribed 1.04 times overall on the final day of bidding (as of 30 Jan 2026).The subscription opened on 28 Jan 2026.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 28 Jan 2026 | — | — | — | — | 0.16x |
| 29 Jan 2026 | — | — | — | — | 0.53x |
| 30 Jan 2026 | — | — | — | — | 1.04x |
The Kanishk Aluminium India Limited IPO opened with a steady response on Day-1, supported mainly by early interest from QIB investors.
On Day-2, the Kanishk Aluminium India Limited IPO witnessed better demand, led by increased participation from QIB, followed by NII investors.
By the end of the bidding period, the IPO was subscribed 1.04x overall, reflecting strong demand from key investor categories, led by investors. Overall subscription for the Kanishk Aluminium India Limited IPO increased from 0.16x on Day-1 to 1.04x by the final day.
Kanishk Aluminium India Limited IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | — |
| Non-Institutional Investors (NII) | — |
| Retail Investors | — |
| Total | 1.04x |
Kanishk Aluminium India Limited IPO Allotment Status
The Kanishk Aluminium India Limited IPO allotment status was released on 02 Feb 2026. Investors who applied for the IPO can now check their Kanishk Aluminium India Limited allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 02 Feb 2026
- 📈 Listing Date: 04 Feb 2026
How to Check Kanishk Aluminium India Limited IPO Allotment Status Online?
Investors can check the Kanishk Aluminium India Limited IPO allotment status online through KFin Technologies Limited and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
KFin Technologies
to know more about the IPO registrar.
Check on KFin Technologies Limited (IPO Registrar)
- Visit → KFin Technologies Limited
- Select Kanishk Aluminium India Limited
- Enter Application No / Demat Account / PAN details
- Click Submit to view allotment status
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Kanishk Aluminium India Limited IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Kanishk Aluminium India Limited IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Kanishk Aluminium India Limited IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Kanishk Aluminium India Limited made a weak debut on the stock market on 04 Feb 2026, listing at ₹58.4, which was -₹15 lower (-20.00%) than its IPO issue price of ₹73. This indicated a negative listing sentiment, and IPO investors faced an immediate notional loss on debut.
Selling pressure continued throughout the session, and the stock slipped further by -5.00% from the listing price, closing at ₹55.48. From the IPO issue price, this translated into a total decline of -₹18 per share (-24.00%) by the end of the day.
For investors who were allotted one lot of 1600 shares, the investment of ₹116,800 reduced to ₹88,768. Investors booked an overall loss of -₹28,032 per lot on the listing day.
📌 IPO Issue Price and Lot Size
The IPO of Kanishk Aluminium India Limited was offered in the price band of ₹73 to ₹73 per share.
- The final issue price was fixed at ₹73.
- One lot consisted of 1600 shares.
- Minimum investment: ₹73 × 1600 = ₹116,800
- Investment after Day-1: ₹55.48 × 1600 = ₹88,768
- By the end of the listing session, investors faced a loss of -₹28,032 per lot.
📌 IPO Subscription Analysis
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0x | 0x | 0x | 0.16x |
| Day 2 | 0x | 0x | 0x | 0.53x |
| Day 3 | 0x | 0x | 0x | 1.04x |
📌 Final Assessment
Overall Outcome: Below Expectations IPO
- Subscription Phase: Weak investor participation
- Listing Phase: Weak listing performance
- Investor Experience: Negative short-term experience
About Kanishk Aluminium India Limited
Incorporated in 2022, Kanishk Aluminium India Ltd. is a Jodhpur-based manufacturer specializing in a wide range of aluminium extrusion products.
IPO Financial Summary
- Total Assets changed by 22.9% in FY 2024-2025.
- Total Revenue changed by 0.99% in FY 2024-2025.
- Profit After Tax changed by 100% in FY 2024-2025.
- Reserves & Surplus changed by -6.55% in FY 2024-2025.
- Total Borrowings changed by 9.12% in FY 2024-2025.
| Metric | 2025-08-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 60.47 | 50.50 | 41.09 | 37.11 |
| Total Revenue (₹ Cr) | 29.25 | 60.13 | 59.54 | 59.68 |
| Profit After Tax (₹ Cr) | 2.15 | 3.04 | 1.52 | 1.76 |
| Reserves & Surplus (₹ Cr) | 9.28 | 7.13 | 7.63 | 1.11 |
| Total Borrowings (₹ Cr) | 25.55 | 22.74 | 20.84 | 26.45 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹24.62 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company | 19.50 | 79.20% |
| 2 | Branding and Promotion of Company brand, ‘Baari by Kanishk | 0.80 | 3.25% |
| 3 | General Corporate Purposes | 4.32 | 17.55% |
| Total | 24.62 | 100% | |
Kanishk Aluminium India IPO Promoter Holding
| Promoter(s) | Mr. Parmanand Agarwal, Mrs. Khusboo Agarwal and Mr. Ashish Agarwal are the promoters of the Issuer Company |
|---|---|
| Pre-Issue Holding | 99.99% |
| Post-Issue Holding | 70.24% |
Kanishk Aluminium India Limited IPO FAQs
The Kanishk Aluminium India Limited IPO is a SME Fixed Price IPO with a total issue size of ₹29.20 crore. The issue consists of a fresh issue of ₹29.20 crore.
The IPO will open for subscription on Wed, 28 Jan 2026 and will close on Fri, 30 Jan 2026.
The shares are being offered at a fixed issue price of ₹73 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,600 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹233,600.
The shares of Kanishk Aluminium India Limited are expected to be listed on BSE & SME on Wed, 04 Feb 2026.
The Grey Market Premium (GMP) of Kanishk Aluminium India Limited IPO is ₹4.
The expected listing price of Kanishk Aluminium India Limited IPO is around ₹77 based on current GMP. This indicates a potential return of approximately 5.48% , with an estimated profit of ₹6,400 per lot, subject to market conditions.
The Kanishk Aluminium India Limited IPO was subscribed 1.04 times on the final day of subscription.
The IPO registrar of Kanishk Aluminium India Limited is KFin Technologies Limited. KFin is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Mon, 02 Feb 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Mon, 02 Feb 2026 on the registrar or exchange website.
Shares are expected to be credited by Tue, 03 Feb 2026.
Refunds for unsuccessful applicants will be initiated on Tue, 03 Feb 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Kanishk Aluminium India Limited IPO is listed on BSE.
The current share price of Kanishk Aluminium India Limited is ₹40.81. The stock opened at ₹40.81, hit a high of ₹40.81 and a low of ₹40.81.
Kanishk Aluminium India Limited share price has decreased by ₹2.14 (4.98%) compared to the previous close. The stock has declined 30.12% from its listing price of ₹58.40 on BSE.
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