Kanishk Aluminium India IPO GMP today is Rs -14.6. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
KANISHK
Kanishk Aluminium India IPO GMP, Subscription & Allotment Status Today
Kanishk Aluminium India is a SME IPO with a price band of Rs 73.00 to Rs 73.00 that listed on 04 Feb 2026 at a listing gain of -20.00%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹73.00 - ₹73.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 30 Jan 2026
- Listing Date
- 04 Feb 2026
Current GMP Status
₹-14.6
-20% vs upper band
Est. Listing Gain
-20.00%
Last Trend
02 Feb 2026
Listing Price
₹58.40
Retail Entry
₹2,33,600
IPO Details
Complete IPO information
| Current GMP | ₹-14.6 |
|---|---|
| Estimated Listing Gain | -20.00% |
| Price Band | ₹73.00 - ₹73.00 |
| Issue Price | Approx ₹73.00 Crores |
| Listing Price | ₹58.40 |
| Lot Size | 1,600 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 04 Feb 2026 |
| Minimum Investment | ₹2,33,600 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Kanishk Aluminium India is priced at ₹73 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,33,600 to participate in this SME issue.
The latest recorded Grey Market Premium for Kanishk Aluminium India stands at ₹-14.6, implying an estimated listing gain of around -20.00% over the issue price if it holds until listing. This is down ₹3 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
28 Jan 2026
✓
Bidding Closes
30 Jan 2026
✓
Allotment
TBA
✓
Listing
04 Feb 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 02 Feb 2026 | ₹4.00 | -₹3.00 | 5.48% |
| 30 Jan 2026 | ₹7.00 | - | 9.59% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,33,600 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,33,600 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹3,50,400 |
| S-HNI Maximum | 8 Lot | 12,800 | ₹9,34,400 |
| B-HNI Minimum | 9 Lot | 14,400 | ₹10,51,200 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Kanishk Aluminium IPO Details
| IPO Open Date | January 28, 2026 |
| IPO Close Date | January 30, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹73 Per Share |
| Issue Size | Approx ₹29.20 Crores |
| Fresh Issue | Approx ₹29.20 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
Analysis
Kanishk Aluminium IPO Market Lot
| Application | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 3,200 | 2,33,600 |
| Retail Maximum | 1 | 3,200 | 2,33,600 |
| S‑HNI Minimum | 1.5 | 4,800 | 3,50,400 |
Analysis
IPO Reservation
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Anchor Investors | – | – |
| QIB (Ex‑Anchor) | – | – |
| NII | 18,99,200 | 47.48% |
| Retail | 19,00,800 | 47.52% |
Analysis
Kanishk Aluminium IPO Dates
| IPO Open Date | January 28, 2026 |
| IPO Close Date | January 30, 2026 |
| Basis of Allotment | February 2, 2026 |
| Refunds | February 3, 2026 |
| Credit to Demat Account | February 3, 2026 |
| IPO Listing Date | February 4, 2026 |
| IPO Bidding Cut‑off Time | January 30, 2026 – 5 PM |
Analysis
Promoters and Holding Pattern
| Particulars | Shares | Shareholding (%) |
|---|---|---|
| Promoter Holding (Pre Issue) | 94,40,000 | 99.99% |
| Promoter Holding (Post Issue) | 1,34,40,000 | 70.24% |
Analysis
Objects of the Issue & Utilisation of proceeds
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment / pre‑payment, in full or part, of certain borrowings availed by the Company | 19.50 |
| Branding and promotion of Company brand, “Baari by Kanishk” | 0.80 |
| General Corporate Purpose | 4.32 |
Analysis
About Kanishk Aluminium IPO
Established in 2022, Kanishk Aluminum India is one of the growing companies engaged in manufacturing a wide range of aluminium extrusion products. The company’s product portfolio includes solid & hollow section profiles, solar profiles, railings, heatsinks, and sliding/fixed window and door profiles.
Its products cater to multiple industries such as electronics, automotive, mechanical, solar, furniture, transport, electrical, and architectural segments. The firm focuses on delivering superior‑quality products and services at affordable prices.
Kanishk Aluminium operates from a 4,000 square meters manufacturing facility located in Jodhpur, Rajasthan, also known as the vibrant Blue City. The company sources its primary raw material, aluminium, from pure aluminium ingots and recycled aluminium products, supporting both quality consistency and sustainable practices.
Its products cater to multiple industries such as electronics, automotive, mechanical, solar, furniture, transport, electrical, and architectural segments. The firm focuses on delivering superior‑quality products and services at affordable prices.
Kanishk Aluminium operates from a 4,000 square meters manufacturing facility located in Jodhpur, Rajasthan, also known as the vibrant Blue City. The company sources its primary raw material, aluminium, from pure aluminium ingots and recycled aluminium products, supporting both quality consistency and sustainable practices.
Analysis
Kanishk Aluminium IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| FY 2023 | 59.68 | 57.83 | 1.76 | 37.11 |
| FY 2024 | 59.54 | 57.74 | 1.52 | 41.09 |
| FY 2025 | 60.13 | 55.93 | 3.04 | 50.50 |
| Aug 2025 | 29.25 | 26.34 | 2.15 | 60.47 |
FAQ
Kanishk Aluminium India IPO FAQs
Kanishk Aluminium India IPO price band is Rs 73.00 to Rs 73.00. Check the latest issue price, lot size and GMP together before applying.
Kanishk Aluminium India IPO open date is 28 Jan 2026, close date is 30 Jan 2026, and listing date is 04 Feb 2026.
Kanishk Aluminium India IPO lot size is 1,600 shares. The minimum retail investment is Rs 2,33,600.
Kanishk Aluminium India is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Kanishk Aluminium India IPO subscription status currently shows Subscription data is currently awaited.
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