Kanishk Aluminium India Limited IPO
Kanishk Aluminium India Limited was incorporated on December 5, 2018, specializes in the manufacturing of a wide range of aluminium extrusion products, including solid and hollow section profiles, solar profiles, railings, heatsinks, and window and door profiles. Its products cater to multiple industries such as electronics, automotive, solar, electrical, furniture, transport, mechanical engineering, and architecture.
Brand – Baari by Kanishk
In November 2024, the Company launched its premium aluminium systems brand “Baari by Kanishk”, focused on aluminium doors and window solutions. The brand offers sliding doors, casement systems, lift-and-slide doors, folding doors, and fixed panels. Complete frames are manufactured in-house, while surface treatments like anodizing and powder coating are carried out through trusted partners. Fabrication and installation are closely supervised to ensure quality.
Product Portfolio & Applications
Kanishk Aluminium offers a diverse portfolio including aluminium channels, sections, flat bars, tubes, kitchen profiles, railing systems, architectural solutions, hardware items, and engineering components. These products are used in solar panel frames, automotive parts, transportation systems, electrical applications, and architectural structures such as doors and window frames.
Competitive Strengths
i) Diverse and customizable product portfolio
ii) Strong focus on quality and process control
iii) In-house die ownership enabling flexibility and customization
iv) Established supplier relationships
v) Growing national footprint through exclusive fabricator partnerships
Objects of the Kanishk Aluminium India Limited IPO:
Kanishk Aluminium India Limited IPO Details:
| Open Date: | Jan 28 2026 |
| Close Date: | Jan 30 2026 |
| Total Shares: | 40,00,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Price |
| Issue Size: | 29 Cr. |
| Lot Size: | 1600 Shares |
| Issue Price: | ₹ 73 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Feb 04 2026 |
Promoters And Management:
Financials of Kanishk Aluminium India Limited IPO:
| Particulars | 5M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 29 | 60 | 59 | 59 |
| EBITDA (Cr) | 4 | 7 | 4.5 | 4 |
| EBITDA Margins | 34% | 11% | 8% | 7% |
| PAT (Cr) | 2 | 3 | 1.5 | 1.7 |
| PAT Margins | 18% | 5% | 3% | 3% |
| ROCE | 20% | 15% | 11% | 11% |
| D/E Ratio | 1.37 | 1.37 | 1.54 | 4.40 |
| OPerating Cash Flow | -2 | -1.8 | 3 | -2 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | MCap (in cr) | P/E |
| Kanishk Aluminium India Limited | 60 | 11% | 5% | 15% | 98.1 | 32.7 |
| Maan Aluminum Limited | 810 | 4% | 1.98% | 12% | 871 | 56.2 |
| Banco Products (India) Limited | 3213 | 19% | 12.20% | 32.40% | 8239 | 19.1 |
| Note : Forward P/E is 20.4 According to FY26 PAT | ||||||
Lead Manager of Kanishk Aluminium India Limited IPO:
Registrar of Kanishk Aluminium India Limited IPO:
Discussion on Kanishk Aluminium India Limited IPO:
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