Kanishk Aluminium IPO
Market Sentiment
IPO Details
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Market Lot Size
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.
Auto-generated from live GMP, subscription, valuation and financial data. 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.
| 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 India Ltd, Plot No. E-849 A, Fourth Phase RIICO, Boranada, Jodhpur, Rajasthan, 342001
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 24.00% 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).
Grey market is quoting a discount of Rs -18 (-24.7% over issue price), down Rs 6 from the previous session. Final subscription data records overall subscription at 1.10x, retail at 1.86x, NII at 0.33x.
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.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Kanishk Aluminium IPO GMP — What It Means
The latest grey market premium for Kanishk Aluminium IPO is ₹-18 (-24.7%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Kanishk Aluminium it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
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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