Kanishk Aluminium India Limited is a Jodhpur-based manufacturer of aluminium extrusion products, operating in a single business segment focused on aluminium profiles manufactured through the extrusion process. The company’s manufacturing facility is located in Jodhpur, Rajasthan, with an operational area of approximately 4,000 square metres.
The company caters to a wide range of end-user industries, including electronics, automotive, solar energy, furniture, transportation, electrical, mechanical, and architectural sectors, by offering customised aluminium profile solutions tailored to customer specifications.
Product Portfolio:
- Aluminium Extrusions: Solid and hollow section profiles, solar profiles, heatsinks, railings, and aluminium profiles for sliding and fixed windows and doors.
- Engineering Aluminium Products: Channels, sections, flat bars, and tubes manufactured in various finishes, tolerances, and tempers as per customer requirements.
- Architectural & Hardware Solutions: Aluminium profiles used in architectural applications such as railing systems, kitchen profiles, doors, windows, and façade-related products.
The company uses company-owned, custom-developed dies and sources its primary raw material—aluminium-based metal scrap—mainly from domestic markets, enabling flexibility in production and cost management.
As of November 30, 2025, Kanishk Aluminium India Limited employed 46 personnel, engaged across various functions, including manufacturing operations, quality control, administration, and business development.
Kanishk Aluminium India IPO – Details
| IPO Opening Date | 28 January 2026 |
| IPO Closing Date | 30 January 2026 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 40,00,000 Shares Worth ₹29.20 Crore Fresh Issue: 40,00,000 Shares Worth ₹29.20 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹73 Per Share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Kanishk Aluminium India IPO – Date Schedule
| IPO Open Date | 28 January 2026 |
| IPO Close Date | 30 January 2026 |
| Basis of Allotment | 02 February 2026 |
| Initiation of Refund | 03 February 2026 |
| Credit of Shares to Demat | 03 February 2026 |
| IPO Listing Date | 04 February 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 30, 2026 |
Kanishk Aluminium India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,33,600 |
| Retail (Max) | 2 | 3200 | ₹2,33,600 |
| S-HNI (Min) | 3 | 4800 | ₹3,50,400 |
Competitive Strength
- Diverse Product Range and Customization.
- Flexibility and Market Agility.
- In-House Quality Control Mechanism.
- Resource Optimization and Operational Efficiency.
- Commitment to Innovation and Growth.
Company Promoters
- Mr. Parmanand Agarwal
- Mrs. Khusboo Agarwal
- Mr. Ashish Agarwal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹59.68 Cr | ₹57.83 Cr | ₹1.76 Cr | ₹26.45 Cr |
| 31 March 2024 | ₹59.54 Cr | ₹57.74 Cr | ₹1.52 Cr | ₹20.84 Cr |
| 31 March 2025 | ₹60.13 Cr | ₹55.93 Cr | ₹3.04 Cr | ₹22.74 Cr |
| 31 August 2025 | ₹29.25 Cr | ₹26.34 Cr | ₹2.15 Cr | ₹25.55 Cr |
Key Performance Indicator
| KPI | Values (Aug 31, 2025) |
|---|---|
| ROE | 29.21% |
| ROCE | 19.92% |
| Debt/Equity | 1.37 |
| RoNW | 29.21% |
| PAT Margin | 17.62 |
| EBITDA Margin | 33.55 |
| Price to Book Value | 3.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.22 | 3.84 |
| P/E (x) | 22.66 | 19.03 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company. | ₹19.50 |
| Branding and Promotion of the Company brand, Baari by Kanishk. | ₹0.80 |
| General corporate purposes. | ₹4.32 |
✅Strengths
- Diversified aluminium extrusion product range (solid, hollow, solar, windows, doors, heatsinks).
- Presence across multiple industries: architecture, construction, solar, electronics, automotive, furniture.
- In-house manufacturing with company-owned dies enabling customization.
- Experienced promoters with long-standing industry experience.
- Launch of premium brand “Baari by Kanishk” for aluminium doors & windows.
- Long-term expansion visibility with land acquired on 99-year lease.
⚠️Risks
- High customer concentration: top 5 customers contribute over 60% of revenue.
- Dependence on limited suppliers for raw materials.
- Exposure to volatile aluminium scrap prices affecting margins.
- Single business segment dependency (only aluminium extrusion).
- Intense competition from organised and unorganised players.
- Relatively high borrowings; IPO proceeds partly used for debt repayment.
Kanishk Aluminium India IPO Promoter Holding
| Pre-Issue Share Holding | 99.99% |
| Post Issue Share Holding | 70.24% |
Kanishk Aluminium India IPO Prospectus
Company Contact Information
| Kanishk Aluminium India Ltd. Plot No. E-849 A Fourth Phase RIICO Boranada Jodhpur, Rajasthan, 342001 Phone: +91 92570 61994 Email: cs@kanishkindia.co.in Website: https://kanishkindia.co.in/ |
Kanishk Aluminium India IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: kal.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Kanishk Aluminium India IPO Lead Manager(s)
| 1. Sun Capital Advisory Services Pvt. Ltd. |
Kanishk Aluminium India IPO FAQ
| What is the Kanishk Aluminium India IPO? Kanishk Aluminium India IPO is an SME IPO. The issue is priced at ₹73 per equity share. The IPO is to be listed on BSE SME. |
| When will Kanishk Aluminium India IPO open? The IPO is to open on 28 January 2026 for NII and Retail Investors. |
| What is Kanishk Aluminium India IPO Investors’ Portion? The investors’ portion for NII – 50% and Retail – 50%. |
| What is the Kanishk Aluminium India IPO Size? Kanishk Aluminium India IPO size is ₹29.20 Crore. |
| What are the Kanishk Aluminium India IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 3200 Shares for ₹2,33,600, while the maximum bid is 3200 Shares for ₹2,33,600. |
| What is the Kanishk Aluminium India IPO Allotment Date? Kanishk Aluminium India IPO allotment date is 02 February 2026 |
| What is the Kanishk Aluminium India IPO Listing Date? Kanishk Aluminium India IPO listing date is 04 February 2026. The IPO is to be listed on the BSE SME. |
