Kanishk Aluminium India Limited Launches ₹29.20 Crore IPO

Kanishk Aluminium IPO Commences Subscription Period

Kanishk Aluminium India Limited, a prominent manufacturer of aluminium extrusion products, officially launched its Initial Public Offering (IPO) on January 28, 2026. The company aims to raise ₹29.20 Crores through this fixed-price issue, which comprises a fresh issue of 40,00,000 equity shares. The IPO will remain open for subscription until January 30, 2026, with shares priced at ₹73 apiece.

Issue Details and Timeline

The IPO is structured as a fixed-price issue, with each equity share having a face value of ₹10. Investors can bid for a minimum lot size of 1600 shares, translating to a minimum investment of ₹1,16,800. Following the close of the subscription period, the allotment of shares is tentatively scheduled to be finalized on February 2, 2026. The shares of Kanishk Aluminium India Limited are expected to be listed on the BSE SME platform on February 4, 2026.

Company Background and Operations

Incorporated in December 2018 and subsequently converted into a public limited company in October 2024, Kanishk Aluminium India Limited specializes in manufacturing a diverse range of aluminium extrusion products. These include solid and hollow sections, solar profiles, railings, heatsinks, and profiles for window and door systems. The company operates a modern manufacturing facility in Jodhpur, Rajasthan, and is certified with ISO 9001:2015. In November 2024, Kanishk Aluminium expanded its offerings by launching 'Baari by Kanishk', a premium brand focused on aluminium system doors and windows.

Purpose of the Issue

The proceeds from the IPO are earmarked for several strategic initiatives. A significant portion, approximately ₹19.50 Crores, will be utilized for the repayment or pre-payment of certain borrowings. Additionally, the company plans to allocate around ₹0.7975 Crores towards branding and promotional activities for its 'Baari by Kanishk' brand. The remaining funds, approximately ₹4.318 Crores, will be used for general corporate purposes, supporting the company's ongoing growth and operational needs.