Kanishk Aluminium India IPO

About Kanishk Aluminium India IPO

Kanishk Aluminium India IPO opens on January 28, 2026 and closes on January 30, 2026. The allotment of shares will take place on February 2, 2026. The credit of shares to the Demat account will take place on February 3, 2026. The initiation of refunds will take place on February 3, 2026. The listing of shares will take place on February 4, 2026.

The IPO of Kanishk Aluminium India comprises only a fresh issue of shares. It has no offer for sale. The fresh issue comprises up to 40,00,000 equity shares. The lot size of shares in the IPO is 1600 and the price band of shares is ₹73 per share.

The minimum investment amount required by a retail investor is ₹2,33,600 based on the upper price. The minimum lot for retail investors is 2 (3200shares).

Kanishk Aluminium India specialises in manufacturing a comprehensive range of aluminium extrusion products, including solid and hollow section profiles, solar profiles, railings, heatsinks and sliding / fixed windows and doors profiles. Its products serve a diverse array of industries, such as electronics, automotive, mechanical, solar, furniture, transport, electrical and architecture.

Objectives of Kanishk Aluminium India IPO

The company proposes to utilise the IPO proceeds:

• Repayment / pre-payment, in full or part, of certain borrowings availed by the company
• Branding and promotion of company brand, ‘Baari by Kanishk’
• General corporate purposes

Market maker reservation portion is 5% of the issue size.

Industry Outlook

India is the third largest producer of aluminium globally. 58% of the aluminium is imported even with sufficient domestic capacity. India exports 2 million tonnes primary metal and imports 1.3 million tonnes of scrap. It exports 2 million tonnes of pure aluminium. India employs 8 lakh people (directly and indirectly) and ₹6000 crores as direct employment cost.

As per provisional data, in the non-ferrous metal sector, primary aluminium production in FY 2024-25 (April June) posted a growth of 1.2% over the corresponding period last year. In India, the annual usage of aluminium extrusions is about 3.73 lakh tons, i.e., approximately 10% of total aluminium consumed in India and is estimated to reach 8.5 lakh tonnes by 2030.

About Kanishk Aluminium India

Kanishk Aluminium India specialises in manufacturing a comprehensive range of aluminium extrusion products, including solid and hollow section profiles, solar profiles, railings, heatsinks and sliding / fixed windows and doors profiles. Its products serve a diverse array of industries, such as electronics, automotive, mechanical, solar, furniture, transport, electrical, and architecture.

Its mission is to consistently deliver exceptional value to its customers by offering superior-quality products and services at optimal costs. It achieves this through continuous improvement, integrity, and excellence in every aspect of its operations. In November 2024, it launched its brand, ‘Baari by Kanishk’, which specialises in premium aluminium system doors and windows.

Strengths of Kanishk Aluminium India

• Diverse product portfolio
• Customisation and flexibility
• Strong relationship with suppliers for sourcing raw materials
• Optimal utilisation of resources
• Stringent quality control mechanism ensuring standardised product quality

Risks of Kanishk Aluminium India

• Losing key customers or a decline in demand for products could have a negative impact on business
• Loss of large suppliers for raw materials may impact business
• Price volatility of aluminium could impact profitability and operations
• Short operating history under current business model and brand identity
• Reduction in demand for aluminium extrusion products could have an adverse impact on business

Anchor Investor Bidding Date

NA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: KFin Technologies
• Book Running Lead Manager: Sun Capital Advisory Services

Kanishk Aluminium India Business Model

Kanishk Aluminium India specialises in manufacturing a comprehensive range of aluminium extrusion products, including solid and hollow section profiles, solar profiles, railings, heatsinks and sliding / fixed windows and doors profiles.

Kanishk Aluminium India Growth Trajectory

The revenue from operations of Kanishk Aluminium India grew from ₹59.1596 crores in FY 23 to ₹59.7822 crores in FY 25. Its EBITDA margin has grown from 6.86% in FY 23 to 11.10% in FY 25. The company’s PAT margin has grown from 2.96% in FY 23 to 5.09% in FY 25. A strong product portfolio coupled with customisation and flexibility has helped the company grow over the years.

Kanishk Aluminium India Market Position

To expand its presence and ensure consistent product quality across regions, Kanishk Aluminium India has entered into exclusive fabricator agreements with several partners across India. Under these agreements, the company supplies the raw materials, and the fabrication is done under its brand name, Baari by Kanishk.

These collaborations span multiple states, including Jammu & Kashmir, Punjab, Haryana, Uttar Pradesh, Delhi, Madhya Pradesh, Kerala and West Bengal reflecting its growing footprint across diverse geographies. It continues to focus on expanding its horizons, building strategic partnerships, and bringing the excellence of Baari by Kanishk to new markets across the country.

How to Apply for the Kanishk Aluminium India IPO?

To apply for this IPO:

• Log in to your Kotak Neo Demat account: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.