Kanishk Aluminium India
CLOSEDIPO Date: 28 Jan - 30 Jan 2026
Listing Date: 4 Feb 2026
Price Range
₹73 - ₹73
Issue Size
29 Cr
Min Investment
₹1,16,800
Lot Size
1600 Shares
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 PremiumNew
Grey 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 | Estimated Listing Price |
|---|---|---|---|
| 3 Feb 2026 | ₹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 | ₹ 114 (-20%) | ₹ 30.75 | -57.88% |
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
- Wide range of aluminium extrusion products across multiple industries
- Strong promoter experience of over 40 years in aluminium manufacturing
- In-house manufacturing with owned dies enables customisation and control
- Established brand “Baari by Kanishk” with a growing pan-India fabricator network
- ISO 9001:2015 certified processes with a strong focus on quality control
Risks
- High dependence on aluminium prices may impact margins and profitability
- Operations are concentrated at a single manufacturing facility in Rajasthan
- Revenue depends significantly on demand from the construction and infrastructure sectors
- Brand “Baari by Kanishk” is relatively new and still in the expansion phase
- 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 |