Kanishk Aluminium IPO was introduced as a Fixed Price SME public issue by Kanishk Aluminium India Limited. The issue consisted entirely of a fresh issue of equity shares, allowing the company to raise funds for its business expansion plans and operational requirements. Following the completion of the IPO process, the company’s equity shares were listed on the BSE SME platform.
Kanishk Aluminium India Limited operates in the aluminium manufacturing industry and is engaged in producing aluminium extrusion products used across construction, infrastructure, engineering, renewable energy, transportation, and industrial applications. The company also offers aluminium door and window systems along with customised aluminium profiles designed to meet specific customer requirements.
Its manufacturing operations are supported by production facilities, quality control processes, and a focus on product consistency. The company continues to work on improving manufacturing efficiency, expanding its product range, and strengthening customer relationships across multiple industrial segments.
India’s aluminium industry continues to benefit from increasing infrastructure development, growth in construction activity, expansion of renewable energy projects, and rising demand for lightweight and durable aluminium products. These long-term industry trends provide growth opportunities for companies engaged in aluminium extrusion manufacturing.
Although the IPO process has been completed and the shares are listed, investors should carefully evaluate the company’s financial performance, manufacturing capabilities, industry outlook, valuation, and long-term business strategy before making any investment decision.
Kanishk Aluminium IPO Details
| IPO Details | Information |
| IPO Name | Kanishk Aluminium IPO |
| Company Name | Kanishk Aluminium India Limited |
| IPO Type | Fixed Price Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹73 Per Share |
| Issue Size | ₹29.20 Crore |
| Fresh Issue | ₹29.20 Crore |
| Offer for Sale | Nil |
| Fresh Issue Shares | 40,00,000 Equity Shares |
| IPO Open Date | 28 January 2026 |
| IPO Close Date | 30 January 2026 |
| Basis of Allotment | 2 February 2026 |
| Refund Initiation | 3 February 2026 |
| Shares Credited to Demat Account | 3 February 2026 |
| Listing Date | 4 February 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 1,600 Equity Shares |
| Registrar | Skyline Financial Services Private Limited |
| Book Running Lead Manager | Jawa Capital Services Private Limited |
The public issue consisted only of a fresh issue of equity shares, and no existing shareholder sold shares through the IPO. The company plans to utilise the proceeds primarily for repayment or prepayment of certain borrowings, brand development initiatives, and general corporate purposes.
Kanishk Aluminium IPO Dates
The important dates relating to the Kanishk Aluminium IPO are provided below.
| IPO Event | Date |
| IPO Opening Date | 28 January 2026 |
| IPO Closing Date | 30 January 2026 |
| Basis of Allotment | 2 February 2026 |
| Refund Initiation | 3 February 2026 |
| Shares Credited to Demat Account | 3 February 2026 |
| Listing Date | 4 February 2026 |
After the allotment process was completed, successful applicants received the allotted equity shares in their demat accounts before trading commenced on the BSE SME platform.
Kanishk Aluminium IPO Reservation
The equity shares offered through the IPO were allocated among eligible investor categories in accordance with the applicable regulations for a Fixed Price SME public issue.
| Investor Category | Reservation |
| Market Maker | 2,00,000 Equity Shares |
| Retail Individual Investors (RII) | 19,00,800 Equity Shares |
| Other Investors | 19,00,800 Equity Shares |
The final allotment was determined on the basis of valid applications received during the subscription period and the applicable allotment process.
Kanishk Aluminium IPO Lot Size
Applications for the IPO were accepted only in the prescribed lot sizes.
| Application | Shares | Amount |
| Retail Minimum | 1 Lot (1,600 Shares) | ₹116,800 |
| Retail Maximum | 2 Lots (3,200 Shares) | ₹233,600 |
| HNI Minimum | 3 Lots (4,800 Shares) | ₹350,400 |
The investment amounts shown above are calculated using the fixed issue price of ₹73 per equity share. Investors were required to apply in multiples of the prescribed lot size.
About Kanishk Aluminium India Limited
Kanishk Aluminium India Limited is engaged in the manufacturing of aluminium extrusion products used across a wide range of industries, including construction, infrastructure, transportation, electrical, engineering, renewable energy, and industrial applications. The company manufactures both standard and customised aluminium profiles designed to meet the varying requirements of commercial and industrial customers.
The company operates manufacturing facilities equipped with modern extrusion machinery and production systems that enable it to manufacture aluminium profiles in different shapes, sizes, and specifications. Its emphasis on quality control, precision manufacturing, and timely delivery has helped it establish long-term relationships with customers across various sectors.
Kanishk Aluminium India Limited continuously works towards expanding its product portfolio by developing customised extrusion solutions that cater to evolving industry requirements. By combining manufacturing expertise with efficient production planning and customer-focused services, the company aims to strengthen its position in India’s growing aluminium extrusion market.
As infrastructure development, real estate construction, renewable energy projects, and industrial manufacturing continue to expand across India, the company remains focused on improving operational efficiency, enhancing production capacity, and creating sustainable long-term growth.
Business Operations
Kanishk Aluminium India Limited manufactures and supplies aluminium extrusion products for customers operating in diverse industrial segments. Its business covers the complete manufacturing cycle, from sourcing aluminium billets to producing finished extrusion profiles that meet customer specifications.
Its principal business activities include:
- Manufacturing aluminium extrusion profiles.
- Producing customised aluminium sections for industrial applications.
- Manufacturing architectural aluminium profiles.
- Supplying aluminium products for construction and infrastructure projects.
- Producing aluminium profiles for doors, windows, partitions, and façade systems.
- Serving engineering, electrical, transportation, and renewable energy industries.
- Maintaining quality testing and inspection throughout the manufacturing process.
- Delivering customised extrusion solutions based on customer requirements.
The company’s manufacturing capabilities enable it to supply products across multiple industries while maintaining consistent quality, production efficiency, and timely deliveries.
Product Portfolio
Kanishk Aluminium India Limited offers a diversified range of aluminium extrusion products designed for residential, commercial, and industrial applications.
Its major product categories include:
- Aluminium Extrusion Profiles
- Architectural Aluminium Sections
- Industrial Aluminium Profiles
- Aluminium Door Profiles
- Aluminium Window Profiles
- Aluminium Partition Sections
- Aluminium Curtain Wall Profiles
- Solar Panel Mounting Profiles
- Electrical Aluminium Profiles
- Customised Aluminium Extrusions
- Fabrication Profiles
- Engineering Aluminium Sections
The company continues to expand its product offerings by developing customised aluminium solutions that meet changing customer requirements across various industries.
Industry Overview
India’s aluminium extrusion industry has experienced steady growth due to increasing investments in infrastructure, housing, commercial construction, transportation, renewable energy, and industrial development. Aluminium has become one of the preferred engineering materials because of its lightweight nature, corrosion resistance, durability, recyclability, and ease of fabrication.
Rapid urbanisation and government-supported infrastructure projects have significantly increased the demand for aluminium products used in buildings, airports, metro rail projects, solar energy installations, industrial equipment, and automotive applications. The growing preference for energy-efficient construction materials has also contributed to the expansion of the aluminium extrusion sector.
The renewable energy industry, particularly the solar power segment, has emerged as an important source of demand for aluminium extrusion products due to the increasing installation of solar mounting structures throughout the country.
Supported by favourable long-term demand across multiple industries, the aluminium extrusion market is expected to continue growing, creating opportunities for manufacturers with modern production facilities, diversified product portfolios, and strong customer relationships.
Business Strategy
Kanishk Aluminium India Limited aims to strengthen its market position by expanding manufacturing capabilities, improving operational efficiency, and broadening its customer base across multiple industrial sectors.
The company focuses on increasing production capacity, developing customised aluminium extrusion solutions, and improving manufacturing processes to meet changing market requirements. It also plans to strengthen relationships with existing customers while expanding into new geographical markets and industrial segments.
Another important objective is to enhance quality standards through continuous process improvements and investments in modern manufacturing technologies. Efficient inventory management, timely deliveries, and customer-focused services remain important components of the company’s long-term growth strategy.
Going forward, Kanishk Aluminium India Limited intends to leverage growing demand from infrastructure, renewable energy, engineering, and construction sectors to support sustainable business expansion while strengthening its position in the Indian aluminium extrusion industry.
Kanishk Aluminium IPO Financial Information
A company’s financial performance plays an important role in evaluating its operational efficiency, profitability, and long-term growth potential. Before investing in an IPO, investors generally review revenue, profit, net worth, borrowings, and key financial ratios to understand the company’s financial position and future prospects.
Kanishk Aluminium India Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹164.27 Crore | ₹214.56 Crore | ₹286.74 Crore |
| Total Income | ₹165.18 Crore | ₹215.43 Crore | ₹287.68 Crore |
| EBITDA | ₹17.48 Crore | ₹22.96 Crore | ₹30.84 Crore |
| Profit Before Tax (PBT) | ₹10.92 Crore | ₹14.76 Crore | ₹20.53 Crore |
| Profit After Tax (PAT) | ₹8.14 Crore | ₹10.98 Crore | ₹15.26 Crore |
| Net Worth | ₹39.41 Crore | ₹50.62 Crore | ₹66.18 Crore |
| Total Borrowings | ₹33.27 Crore | ₹36.84 Crore | ₹38.16 Crore |
The company has reported steady growth in revenue and profitability during the last three financial years. The increase in operating income, earnings, and net worth reflects expanding business operations and improved financial performance. Stable borrowings and higher profitability also indicate strengthening operational efficiency.
Kanishk Aluminium IPO Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 26.42% |
| Return on Capital Employed (ROCE) | 28.91% |
| Return on Net Worth (RONW) | 23.06% |
| EBITDA Margin | 10.72% |
| PAT Margin | 5.31% |
| Debt-to-Equity Ratio | 0.58 |
| Earnings Per Share (EPS) | ₹7.63 |
| Net Asset Value (NAV) Per Share | ₹33.09 |
| Price to Earnings (P/E) | 9.57x |
The financial ratios indicate healthy profitability, efficient utilisation of capital, and a balanced financial structure. Investors should evaluate these indicators along with the company’s business model, industry outlook, and valuation before making an investment decision.
Objects of the Kanishk Aluminium IPO
The company proposes to utilise the net proceeds from the fresh issue for the following purposes:
- Repayment or prepayment of certain outstanding borrowings.
- Brand building and marketing initiatives.
- Meeting general corporate purposes.
The planned utilisation of the IPO proceeds is expected to strengthen the company’s financial position by reducing debt obligations, improving brand visibility, and supporting future business growth. These initiatives are also expected to enhance operational flexibility and create a stronger foundation for long-term expansion.
Kanishk Aluminium IPO Listing Performance
The listing performance of an IPO indicates the market’s initial response when the company’s shares begin trading on the stock exchange. While listing gains can reflect strong investor interest, investment decisions should always be based on the company’s financial performance, valuation, business fundamentals, and long-term growth potential rather than short-term price movements.
Kanishk Aluminium IPO Listing Details
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Listing Date | 4 February 2026 |
| Issue Price | ₹73 Per Share |
| Listing Price | ₹87.60 Per Share |
| Listing Gain | 20.00% |
| Closing Price on Listing Day | ₹91.95 Per Share |
Kanishk Aluminium India Limited made its stock market debut on the BSE SME platform at a premium to its issue price. The positive listing reflected healthy investor participation in the public issue. However, investors should evaluate the company’s long-term operational performance and financial strength instead of relying solely on listing-day returns.
Kanishk Aluminium IPO Subscription Status
The subscription figures provide an overview of investor participation across different categories during the IPO bidding period. Higher subscription generally indicates stronger market demand, although investors should also consider the company’s financial position, valuation, and future business prospects before making an investment decision.
Kanishk Aluminium IPO Subscription
| Investor Category | Subscription |
|---|---|
| Retail Individual Investors (RII) | 28.64 Times |
| Other Investors | 43.18 Times |
| Total Subscription | 35.91 Times |
The IPO witnessed encouraging participation from both retail and non-retail investors. Strong demand across investor categories reflected positive market interest in the public issue during the subscription period.
Kanishk Aluminium IPO Review
Kanishk Aluminium India Limited operates in the aluminium extrusion industry and manufactures a wide range of aluminium profiles used across construction, infrastructure, transportation, engineering, electrical, renewable energy, and industrial applications. The company focuses on delivering quality products while expanding its manufacturing capabilities and customer base.
Its operations are supported by modern manufacturing facilities, quality assurance processes, customised product offerings, and efficient production management. The company continues to strengthen its presence by serving customers across multiple industrial sectors with standard as well as customised aluminium extrusion solutions.
The Indian aluminium industry is expected to benefit from increasing investments in infrastructure, housing, transportation, renewable energy, and industrial manufacturing. Growing demand for lightweight, corrosion-resistant, and recyclable aluminium products is likely to support long-term industry growth.
However, investors should also consider risks such as fluctuations in aluminium prices, dependence on raw material availability, intense industry competition, changes in economic conditions, and execution risks associated with future expansion before making an investment decision.
Kanishk Aluminium IPO Strengths
Kanishk Aluminium India Limited has several strengths that support its long-term business growth.
- Experienced management team with industry expertise.
- Modern aluminium extrusion manufacturing facilities.
- Diversified portfolio of standard and customised aluminium profiles.
- Presence across multiple end-user industries.
- Strong focus on product quality and manufacturing efficiency.
- Long-term customer relationships across various industrial segments.
- Growing opportunities driven by infrastructure and renewable energy sectors.
- Scalable manufacturing operations supporting future expansion.
Kanishk Aluminium IPO Risk Factors
Like other aluminium manufacturing companies, Kanishk Aluminium India Limited is exposed to various operational and industry-related risks that investors should evaluate carefully.
- Fluctuations in aluminium and other raw material prices may impact profitability.
- Dependence on sustained demand from construction and infrastructure sectors.
- Intense competition within the aluminium extrusion industry.
- Any disruption in raw material procurement may affect production.
- Working capital requirements are significant for manufacturing operations.
- Changes in government regulations or environmental policies may influence business activities.
- Economic slowdowns could reduce demand from key industrial sectors.
- Delays in capacity expansion or project execution may impact future growth.
Kanishk Aluminium IPO Promoters
Kanishk Aluminium India Limited is promoted by experienced entrepreneurs who have played an important role in establishing and expanding the company’s aluminium extrusion manufacturing business. The promoters have focused on strengthening manufacturing capabilities, improving product quality, expanding the customer base, and supporting the company’s long-term growth strategy.
Kanishk Aluminium IPO Promoters Details
| Promoter | Designation |
|---|---|
| Rajesh Kumar Gupta | Promoter & Managing Director |
| Sunita Gupta | Promoter & Director |
Kanishk Aluminium IPO Management Team
The company is managed by professionals with experience in aluminium manufacturing, production management, finance, quality control, marketing, and corporate governance. The management team oversees manufacturing operations, business development, customer relationships, and strategic planning for future growth.
| Name | Designation |
|---|---|
| Rajesh Kumar Gupta | Managing Director |
| Sunita Gupta | Director |
| Ashish Gupta | Executive Director |
| Chief Financial Officer | CFO |
| Company Secretary & Compliance Officer | Company Secretary |
| Independent Directors | Independent Directors |
Kanishk Aluminium IPO Registrar Details
Skyline Financial Services Private Limited acted as the registrar to the issue. The registrar was responsible for processing IPO applications, finalising the basis of allotment, facilitating the credit of equity shares to successful applicants’ demat accounts, processing refunds where applicable, and handling investor-related queries associated with the public issue.
| Particular | Details |
|---|---|
| Registrar Name | Skyline Financial Services Private Limited |
| Website | www.skylinerta.com |
| IPO Allotment Status | https://www.skylinerta.com/ipo.php |
| Email ID | [email protected] |
| Contact Number | +91-11-4045 0193 |
Investors may contact the registrar regarding IPO allotment status, refunds, demat credit, or any other issue-related assistance.
Kanishk Aluminium IPO Lead Manager Details
Jawa Capital Services Private Limited served as the Book Running Lead Manager for the IPO. The lead manager coordinated the public issue, managed regulatory compliance, supervised the issue process, and assisted the company in completing the IPO successfully.
| Particular | Details |
|---|---|
| Lead Manager | Jawa Capital Services Private Limited |
| Website | www.jawacapital.com |
| Email ID | [email protected] |
| Contact Number | As available on the official website |
The lead manager worked with the company and other intermediaries to facilitate the IPO process in accordance with the applicable regulatory framework.
Kanishk Aluminium India Limited Contact Details
The following contact details can be used by investors, customers, suppliers, and other stakeholders for business and investor-related communication.
| Particular | Details |
|---|---|
| Company Name | Kanishk Aluminium India Limited |
| Registered Office | Jaipur, Rajasthan, India |
| Website | www.kanishkaluminium.com |
| Email ID | [email protected] |
| Phone Number | As available on the company’s official website |
How to Check Kanishk Aluminium IPO Allotment Status
Applicants could check the allotment status after the basis of allotment was finalised through either the registrar’s website or the BSE IPO portal.
Through Skyline Financial Services Private Limited
- Visit the official IPO allotment portal of Skyline Financial Services Private Limited.
- Select Kanishk Aluminium IPO from the list of available public issues.
- Choose any one of the available search options such as Application Number, PAN, or DP/Client ID.
- Enter the required details in the respective field.
- Click the submit button to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment portal.
- Select Kanishk Aluminium IPO from the list of available IPOs.
- Enter your Application Number or PAN details.
- Complete the verification process, if required.
- Click on the search button to check your allotment status.
Frequently Asked Questions (FAQs)
What is Kanishk Aluminium IPO?
Kanishk Aluminium IPO is a Fixed Price SME public issue comprising only a fresh issue of equity shares.
What was the issue price of the Kanishk Aluminium IPO?
The issue price of the IPO was ₹73 per equity share.
What was the total issue size of the Kanishk Aluminium IPO?
The total issue size of the IPO was ₹29.20 crore.
When did the Kanishk Aluminium IPO open and close?
The IPO opened on 28 January 2026 and closed on 30 January 2026.
On which stock exchange are Kanishk Aluminium shares listed?
The company’s equity shares are listed on the BSE SME platform.
Who was the registrar for the Kanishk Aluminium IPO?
Skyline Financial Services Private Limited was appointed as the registrar to the issue.
Who was the lead manager for the Kanishk Aluminium IPO?
Jawa Capital Services Private Limited acted as the Book Running Lead Manager for the IPO.
What was the minimum lot size for the Kanishk Aluminium IPO?
Retail investors were required to apply for a minimum of one lot comprising 1,600 equity shares.
What does Kanishk Aluminium India Limited do?
Kanishk Aluminium India Limited manufactures aluminium extrusion products and customised aluminium profiles used in construction, infrastructure, engineering, transportation, renewable energy, and various industrial applications.
What were the objectives of the Kanishk Aluminium IPO?
The company proposed to utilise the proceeds from the fresh issue primarily for repayment or prepayment of certain borrowings, brand promotion activities, and general corporate purposes.
