Kanishk Aluminium India IPO

About the company

Incorporated in 2022, Kanishk Aluminium India specialises in manufacturing a range of aluminium extrusion products, including solid/hollow sections, solar sections, railings, heat sinks, and sliding & fixed window & door profiles. These products have applications across different industries such as electronics, automobiles, mechanised engineering, solar energy, furniture, transportation, electrical devices, and building construction. The company has an installed capacity of 4,200 MT per year through its manufacturing unit, having an operational area of 4,000 sq meters, which is located in Jodhpur, Rajasthan. In November 2024, the company launched a brand of its own, “Baari by Kanishk”, which deals in aluminium system doors and windows. Kanishk's diversified product range has 9 segments, out of which the architectural segment contributed 30.73%, followed by construction at 30.50%, renewable energy at 17.86%, and windows & door solutions at 14.86% as of August 2025, whereas the remaining segments include electronics, automobiles, hardware, automation, and medical equipment. The domestic market accounts for a major part of the company’s revenue at 94.60% of its sales as of August 31, 2025. Rajasthan has been leading its market share, followed by Uttar Pradesh. Exports have been at a smaller level but do encompass their UK market, along with an upcoming presence in the Canadian, USA, and Dubai markets. They have been utilised at their plant in an optimal manner, having improved their capacity utilisation from 56.88% in FY23 to 60.14% in FY25, and further to 63.77% for the period ended August 31, 2025.

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   28 Jan 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   30 Jan 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   02 Feb 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   03 Feb 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   03 Feb 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   04 Feb 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.