Kanishk Aluminium India IPO

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Kanishk Aluminium India IPO details

28th – 30th Jan 2026
04 Feb 2026
₹73
Lot size 1600
29cr

Schedule of Kanishk Aluminium India

Issue open date 28 Jan 2026
Issue close date 30 Jan 2026
UPI mandate deadline 30 Jan 2026 (5 PM)
Allotment finalization 02 Feb 2026
Refund initiation 03 Feb 2026
Share credit 03 Feb 2026
Listing date 04 Feb 2026
Mandate end date 14 Feb 2026
Lock-in end date for anchor investors (50%) 04 Mar 2026
Lock-in end date for anchor investors (remaining) 03 May 2026

Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.

About Kanishk Aluminium India

Kanishk Aluminium India Limited was incorporated in December 2018 and is promoted by Mr. Parmanand Agarwal, who brings over four decades of experience in the aluminium manufacturing industry. The company is engaged in manufacturing aluminium extrusion products such as solid and hollow sections, solar profiles, railings, heatsinks, and window and door profiles. Its products cater to a wide range of industries including electronics, automotive, solar, electrical, furniture, transport, and architecture. The company operates a manufacturing facility in Jodhpur, Rajasthan, supported by in-house quality systems and ISO 9001:2015 certification.

In November 2024, the company launched its branded aluminium systems business, Baari by Kanishk, focused on doors and windows solutions. Under this brand, it designs and manufactures systems such as sliding, casement, lift-and-slide, and folding doors and windows. Core extrusion and frame manufacturing is done in-house, while surface treatments are outsourced to long-term partners. The company follows a hybrid business model combining manufacturing, branding, and exclusive fabricator partnerships across multiple Indian states, enabling wider reach, consistent quality, and customized solutions for customers.


Financials of Kanishk Aluminium India


Issue size

Funds Raised in the IPO Amount
Total issue size 29
Fresh Issue – Proceeds go to the company 29

Utilisation of proceeds

Purpose INR crores (%)
Balance towards other / unspecified purposes 4.38 (15.10%)
Branding and promotion of “Baari by Kanishk” 0.80 (2.76%)
Repayment / pre-payment of borrowings 19.50 (67.24%)
General corporate purposes 4.32 (14.90%)

Strengths

  • Wide range of aluminium extrusion products across multiple industries
  • Strong promoter experience of over 40 years in aluminium manufacturing
  • In-house manufacturing with owned dies enables customization and control
  • Established brand “Baari by Kanishk” with growing pan-India fabricator network
  • ISO 9001:2015 certified processes with strong focus on quality control

Risks

  • High dependence on aluminium prices may impact margins and profitability
  • Operations are concentrated at a single manufacturing facility in Rajasthan
  • Revenue depends significantly on demand from construction and infrastructure sectors
  • Brand “Baari by Kanishk” is relatively new and still in expansion phase
  • Any disruption in third-party surface treatment partners could affect deliveries