SME
IPO ·
BSE SME
Kanishk Aluminium India Ltd
Listed
Incorporated in 2022, Kanishk Aluminium India Ltd. is a Jodhpur-based manufacturer specialising in a wide range of aluminium extrusion products.
Issue details
Price band
₹73
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,33,600
Issue size
₹29.20 Cr
Fresh issue
₹27.74 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
28 Jan 2026
Closes
30 Jan 2026
UPI mandate cut-off
5:00 PM on 30 Jan 2026
Allotment
2 Feb 2026
Refunds
3 Feb 2026
Shares in demat
3 Feb 2026
Listing
4 Feb 2026
Subscription and listing
Subscription
1.04x
Listing price
₹58.40
Registrar
Kfin Technologies Ltd
Lead manager
Sun Capital Advisory Services Pvt.ltd.
Subscription by category
Total
1.04x
Total applications
1,165
Listing day
Issue price
₹73
Open
₹58.40
High
₹58.40
Low
₹55.48
Day close
₹55.48
Listing gain at open
-20.00%
Issue structure
Shares reserved per category and share of the total issue
NII Shares Offered
18,99,200
47.48%
Retail Shares Offered
19,00,800
47.52%
Market Maker Shares Offered
2,00,000
5.00%
Total Shares Offered
40,00,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 1%, PAT up 100%, ROE 29.21%, D/E 1.37, post-issue P/E 19.03x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
29.21%
ROCE
19.92%
Debt / equity
1.37
PAT margin
17.62%
P/E post issue
19.03
Market cap
₹98.11 Cr
Use of IPO money
Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company
₹19.50 Cr
Branding and Promotion of Company brand, Baari by Kanishk
₹0.80 Cr
General Corporate Purposes
₹4.32 Cr
Issue Expenses
₹4.58 Cr
Strengths
✓
PAT up 100% in FY25 to ₹3.04 Cr
✓
PAT margin of 17.62%
✓
ROE of 29.21% and ROCE of 19.92%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Debt to equity of 1.37
Planning to take your own company public?
Every listing on this page started with a growing business that got its numbers, governance and paperwork ready for investors. If you are a promoter weighing an SME or main board IPO, we can tell you where you stand and what it will take.
Talk to our IPO Advisory team for readiness planning, or our IPO Consultancy team to run the listing end to end.
Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.