Kanishk Aluminium India IPO Date, Price, GMP & Reviews 2026
Kanishk Aluminium India IPO will open and close on 28 January 2026 and 30 January 2026 and the issue price will be determined to be of a fixed-price category of ₹73 per share. As the interest of investors grows, these vital areas of interest will be the Grey Market Premium (GMP), the subscriptions trend, the financial performance, and professional reviews which will help to set the mood and expectations of the market to the listing.
The retail and SME investors will have high interest in the IPO because the company is expected to be floated to the general market in January 2026. Kanishk Aluminium India Limited is based in the aluminium extrusion and premium aluminium systems business and it requires money to finance its business expansion and working capital requirements.
This is a step by step guide to explain about the Kanishk Aluminium India IPO date, Kanishk Aluminium India IPO price, Kanishk Aluminium India IPO GMP, Kanishk Aluminium IPO, review and allotment schedule and outlook of the investment of Kanishk Aluminium India IPO 2026.
Kanishk Aluminium India IPO Date & Timeline
Event | Date |
IPO Opening Date | 28 January 2026 |
IPO Closing Date | 30 January 2026 |
Basis of Allotment | 02 February 2026 |
Refund Initiation | 03 February 2026 |
Shares Credited to Demat | 03 February 2026 |
IPO Listing Date | 04 February 2026 |
About Kanishk Aluminium India
Kanishk Aluminium India Limited is an emerging producer and exporter of superior quality aluminium extrusion profiles and superior quality aluminium systems, to meet the varying industrial and architectural needs. The company focuses on fabrication of tailor solutions of aluminium that are employed in various industries including construction, infrastructure, transportation, electrical, renewable energy, and general engineering.
Kanishk Aluminium India has over the years focused on innovation, efficiency in its operations, and sustainable manufacturing processes in order to increase productivity and minimize the impact on the environment. The company also provides an extensive variety of products that cater to the changing needs of the clients such as standard and modified aluminium profiles, architectural systems, and industrial quality extrusions.
The company’s performance typically depends on:
- Raw material price fluctuations
- Energy costs
- Capacity utilisation
- Client concentration
- Working capital management
Understanding these factors is essential before investing in a manufacturing-focused SME IPO.
Kanishk Aluminium India IPO - Key Highlights
Particulars | Details |
IPO Type | SME IPO |
Issue Type | Fixed Price Issue |
Face Value | ₹10 per share |
Kanishk Aluminium India IPO date | January 28-30, 2026 |
Kanishk Aluminium India IPO price | ₹73 per share |
Issue Size | ₹29.20 Crore |
Fresh Issue | 40,00,000 shares |
Offer for Sale | Not Applicable |
Lot Size | 1,600 shares |
Minimum Investment (Retail) | ₹2,33,600 (2 lots – 3,200 shares) |
Maximum Retail Investment | ₹2,33,600 |
Listing Platform | BSE SME |
Lead Manager | Sun Capital Advisory Services Pvt. Ltd. |
Registrar | KFin Technologies Ltd. |
Market Maker | Sunflower Broking Pvt. Ltd. |
Kanishk Aluminium India IPO Price Band
The Kanishk Aluminium India IPO price has been pegged at ₹73 Kanishk Aluminium India equity share with a face value of 10 Kanishk Aluminium India equity share. This is a fixed-price SME IPO and therefore there is no price band. The company will collect around ₹29.20 crore by means of the issue of fresh equity shares of ₹40 lakh shares at this price.
The retail investors must apply for at least 2 lots, or 3,200 shares, which translate to a minimum of ₹233,600. The IPO is also competitively priced given the growing presence of the company in aluminium systems and extrusion profiles of aluminium and value-added aluminium systems, which are significant SMEs in the metal manufacturing industry.
The IPO price is generally decided based on:
- Company earnings and margins
- Industry valuation benchmarks
- Growth outlook
- Peer comparison
One important aspect of SME IPOs is the large lot size, which increases the minimum investment amount. Retail investors must calculate the total application amount carefully before applying.
Kanishk Aluminium India IPO GMP (Grey Market Premium)
The Kanishk Aluminium India IPO GMP will start appearing in the grey market once the IPO dates are officially announced.
What GMP Indicates?
- GMP reflects unofficial market demand
- Higher GMP generally indicates positive listing expectations
- GMP is not a guaranteed indicator of profit
How to Use GMP Wisely?
- GMP above 20 percent of the IPO price is considered healthy
- Always combine GMP with subscription data and fundamentals
- Avoid investing solely based on GMP trends
Grey market premium is speculative and unregulated, so it should only be used as a supporting indicator, not a decision-making tool.
Aluminium Industry Outlook in India
India’s aluminium demand is supported by:
- Infrastructure development
- Government capital expenditure
- Renewable energy projects
- Electric vehicle adoption
- Urban housing growth
However, the aluminium sector is also:
- Cyclical in nature
- Sensitive to global commodity prices
- Impacted by power and fuel costs
Because of this, consistent profitability and balance sheet strength matter more than just revenue growth.
Key Fundamentals to Analyse Before Applying
Before applying for the Kanishk Aluminium India IPO, investors should analyse the following fundamentals carefully.
Financial Performance
- Revenue growth trend
- Net profit margins
- Return on equity
- Debt-to-equity ratio
Business Strength
- Customer diversification
- Order book visibility
- Capacity expansion plans
- Dependency on a limited number of clients
Management Quality
- Promoter background
- Industry experience
- Execution track record
Risks in SME IPOs
SME IPOs are high-risk investment instruments and are not suitable for all investors.
- Low liquidity after listing
- No option for partial selling
- High price volatility
- Limited analyst coverage
- Longer holding period may be required
Even if an SME IPO lists at a premium, exiting at the desired price may be difficult due to limited trading volumes. Investors should participate in SME IPOs only if they have a high risk tolerance and patient capital.
IPO Application Checklist (Must Read)
Before applying for any IPO, especially an SME IPO, ensure the following conditions are met.
- GMP above 20 percent
- Strong subscription numbers
- Good financial fundamentals
- Clear and sustainable business model
- Reasonable valuation compared to peers
If two or more parameters appear weak, skipping the IPO is often the wiser decision.
Why Subscription Data Matters?
Subscription numbers provide insight into:
- Retail investor interest
- High net-worth investor confidence
- Overall demand quality
For SME IPOs, balanced and quality subscription is more important than extreme oversubscription driven by speculation.
Listing Gains vs Long-Term Investment
Many investors apply for SME IPOs purely for listing gains. While this strategy can work, it also carries significant risk.
Listing gains are more likely when:
- GMP is consistently strong
- Subscription is healthy across categories
- Market sentiment is positive
Listing gains may disappoint when:
- Liquidity is weak
- Valuation is aggressive
- Broader market sentiment turns negative
Always define your exit strategy before applying.
Should You Apply for Kanishk Aluminium India IPO?
Whether you should apply depends on:
- Your risk appetite
- Investment horizon
- Capital availability
- Ability to stay invested long term
SME IPOs can create wealth, but only when approached with proper research and discipline.
Conclusion
Kanishk Aluminium India IPO has drawn attention because of the presence of the company in the aluminium producing industry. Although the demand in the sector is an encouraging backdrop to invest in, the investors should keep in mind that the SME IPOs come with increased risk, reduced liquidity and reduced exit choices.
It is vital to follow the Kanishk Aluminium India IPO date, Kanishk Aluminium India IPO price, Kanishk Aluminium India IPO GMP pattern, subscription history and company fundamentals, before deciding on any investment choice. Not every IPO needs to be applied for, and sometimes avoiding a risky issue is also a successful investment decision.
At Trendy Traders Academy, we always emphasise capital protection over short-term excitement. Apply only if the IPO satisfies most checklist parameters and aligns with your risk profile.
Disclaimer
The article is educational and informational in nature. The investments in IPOs are exposed to the risks of the market such as the risk of capital loss. Before investing, the readers should do their own research or hire a certified financial advisor.
FAQ'S
What is Kanishk Aluminium India IPO date?
The Kanishk Aluminium IPO opens on 28 January 2026 and closes on 30 January 2026.
What is Kanishk Aluminium India IPO price?
The Kanishk Aluminium IPO is priced at ₹73 per equity share under the fixed price issue category.
What is Kanishk Aluminium India IPO GMP today?
Kanishk Aluminium IPO GMP will be available once grey market trading begins near the IPO date.
Is Kanishk Aluminium India IPO an SME IPO?
Yes, it is expected to be listed on the SME exchange.
What is the lot size for the Kanishk Aluminium India IPO?
The Kanishk Aluminium IPO lot size is 1,600 shares per lot. Retail investors must apply for a minimum of 2 lots (3,200 shares).
What is the issue size of Kanishk Aluminium India IPO?
The total issue size is approximately ₹29.20 crore, consisting entirely of a fresh issue of 40 lakh shares.
What is the face value of Kanishk Aluminium India IPO?
The face value is ₹10 per share.
