Kanishk Aluminium India
LISTEDIPO Date: 28 Jan - 30 Jan 2026
Listing Date: 4 Feb 2026
Price Range
₹73 - ₹73
Issue Size
29 Cr
Min Investment
₹2,33,600
2 lots minimum (SEBI rule for SME)
Min Application
3200 Shares
1600 per lot × 2
Schedule of Kanishk Aluminium India
Issue open date
28 Jan 2026
Issue close date
30 Jan 2026
UPI mandate deadline
30 Jan 2026 (5 PM)
Allotment finalization
2 Feb 2026
Share credit
3 Feb 2026
Listing date
4 Feb 2026
Mandate end date
14 Feb 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 29 Cr |
| Fresh Issue | 29.2 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 2 Feb 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 3 Feb 2026Latest | ₹73 | ₹0 | ₹73(0%) |
| 1 Feb 2026 | ₹73 | ₹0 | ₹73(0%) |
| 31 Jan 2026 | ₹73 | ₹0 | ₹73(0%) |
| 29 Jan 2026 | ₹73 | ₹0 | ₹73(0%) |
| 27 Jan 2026 | ₹73 | ₹0 | ₹73(0%) |
| 26 Jan 2026 | ₹73 | ₹0 | ₹73(0%) |
| 25 Jan 2026 | ₹73 | ₹0 | ₹73(0%) |
| 24 Jan 2026 | ₹73 | ₹0 | ₹73(0%) |
| 23 Jan 2026 | ₹73 | ₹0 | ₹73(0%) |
| 22 Jan 2026 | ₹73 | ₹0 | ₹73(0%) |
Performance Kanishk Aluminium India
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹73 - ₹73 | ₹ 58 (-20%) | ₹ 23.77 | -67.44% |
About Kanishk Aluminium India
Kanishk Aluminium India Limited is a manufacturer specializing in a comprehensive range of aluminium extrusion products, including solid & hollow section profiles, solar profiles, railings, and heatsinks. Its products cater to a diverse array of industries such as electronics, automotive, mechanical, solar, furniture, transport, and architecture. In 2024, the company launched its premium brand, 'Baari by Kanishk', which focuses on high-quality aluminium system doors and windows, marking a strategic expansion into the business-to-consumer (B2C) segment.
| Founded in | 2018 |
| Managing director | Mr. Parmanand Agarwal |
| Parent organization |
Financial Overview
Strengths
5- 1
Wide range of aluminium extrusion products across multiple industries
- 2
Strong promoter experience of over 40 years in aluminium manufacturing
- 3
In-house manufacturing with owned dies enables customisation and control
- 4
Established brand “Baari by Kanishk” with a growing pan-India fabricator network
- 5
ISO 9001. 2015 certified processes with a strong focus on quality control
Risks
5- 1
High dependence on aluminium prices may impact margins and profitability
- 2
Operations are concentrated at a single manufacturing facility in Rajasthan
- 3
Revenue depends significantly on demand from the construction and infrastructure sectors
- 4
Brand “Baari by Kanishk” is relatively new and still in the expansion phase
- 5
Any disruption in third-party surface treatment partners could affect deliveries
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 0.23 |
| Retail Individual Investors (RIIs) | 1.86 |
| Employee | N/A |
| Total | 1.04 |