Kanishk Aluminium IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Aug 2025 |
|---|---|---|---|---|
| Revenue | 59.68 | 59.54 | 60.13 | 29.25 |
| Expense | 57.83 | 57.74 | 55.93 | 26.34 |
| Profit (PAT) | 1.76 | 1.52 | 3.04 | 2.15 |
| Total Assets | 37.11 | 41.09 | 50.50 | 60.47 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Maan Aluminum Limited | 2.87 | 55.84 | 9 |
| Banco Products (India) Limited | 27.39 | 24.79 | 30 |
Promoters: Mr. Parmanand Agarwal, Mrs. Khusboo Agarwal and Mr. Ashish Agarwal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 94,40,000 | 99.99% |
| Promoter Holding Post Issue | 1,34,40,000 | 70.24% |
Strengths & Risks
- Strong return on equity — 20%.
- Elevated leverage — debt/equity of 1.37.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Established in 2022, Kanishk Aluminum India is one of the growing companies that makes a variety of aluminium extrusion products. Its product portfolio includes solid & hollow section profiles, solar profiles, railings, heatsinks, and sliding/fixed windows and doors profiles. Their products cater to various industries like electronics, automotive, mechanical, solar, furniture, transport, electrical, and architecture. The firm aims to offer its customers superior-quality products and services at affordable prices. Its 4,000 square meters manufacturing facility is located at the vibrant blue city of Jodhpur, Rajasthan. Moreover, the company sources its main raw material, aluminium, from pure aluminium ingots and recycled aluminium products.
Kanishk Aluminium India Ltd, Plot No. E-849 A, Fourth Phase RIICO, Boranada, Jodhpur, Rajasthan, 342001
| 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 |
Resources & Documents
Kanishk Aluminium has fixed the issue price at Rs 73 per share for an issue size of Rs 29 crore in the aluminium sector. The stock listed with a 20.00% discount versus its issue price on February 04, 2026.
Established in 2022, Kanishk Aluminum India is one of the growing companies that makes a variety of aluminium extrusion products. Its product portfolio includes solid & hollow section profiles, solar profiles, railings, heatsinks, and sliding/fixed windows and doors profiles. The company operates in the aluminium space.
The issue is promoted by Mr. Parmanand Agarwal, Mrs. Khusboo Agarwal and Mr. Ashish Agarwal with Sun Capital Advisory Services Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company (Rs 20 crore) and Branding and Promotion of Company brand, ‘Baari by Kanishk (Rs 1 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 22.67x. On fundamentals, the company is posting revenue growth of 1.0%, a profit margin of 5.1%, return on equity of 20.2% in its most recent reported period. Listed peers in this segment include Banco Products (India) Limited (P/E 24.79x, market cap Rs 30 crore) and Maan Aluminum Limited (P/E 55.84x, market cap Rs 9 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Kanishk Aluminium IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Kanishk Aluminium GMP history and trend, or learn how grey market premium works and how reliable it is.
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