Kanishk Aluminium Ipo
Kanishk Aluminium IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Sun Capital Advisory Services Pvt. Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,33,600 |
| Retail Maximum | 2 | 3,200 | ₹2,33,600 |
| S-HNI Minimum | 3 | 4,800 | ₹3,50,400 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | 18,99,200 Shares | 47.48% |
| Retail Shares Offered | 19,00,800 Shares | 47.52% |
| IPO Open Date: | January 28, 2026 |
| IPO Close Date: | January 30, 2026 |
| Basis of Allotment: | February 2, 2026 |
| Refunds: | February 3, 2026 |
| Credit to Demat Account: | February 3, 2026 |
| IPO Listing Date: | February 4, 2026 |
| IPO Bidding Cut-off Time: | January 30, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 94,40,000 | 99.99% |
| Promoter Holding Post Issue | 1,34,40,000 | 70.24% |
| Purpose | Crores |
| Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company | ₹19.50 |
| Branding and Promotion of Company brand, ‘Baari by Kanishk | ₹0.80 |
| General Corporate Purpose | ₹4.32 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹59.68 | ₹57.83 | ₹1.76 | ₹37.11 |
| 2024 | ₹59.54 | ₹57.74 | ₹1.52 | ₹41.09 |
| 2025 | ₹60.13 | ₹55.93 | ₹3.04 | ₹50.50 |
| Aug 2025 | ₹29.25 | ₹26.34 | ₹2.15 | ₹60.47 |
| KPI | Values |
| ROE: | 20.21% |
| ROCE: | 14.61% |
| EBITDA Margin: | 11.10% |
| PAT Margin: | 5.09% |
| Debt to equity ratio: | 1.37 |
| Earning Per Share (EPS): | ₹3.22 (Basic) |
| Price/Earning P/E Ratio: | 22.67 |
| Return on Net Worth (RoNW): | 20.21% |
| Net Asset Value (NAV): | ₹17.56 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Maan Aluminum Limited | 2.87 | 55.84 | 9.00% | 32.99 | 810.17 Cr. |
| Banco Products (India) Limited | 27.39 | 24.79 | 30.01% | 91.08 | 3,212.52 Cr. |
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| IPO Open Date | January 28, 2026 |
| IPO Close Date | January 30, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹73 Per Share |
| Issue Size | Approx ₹29.20 Crores |
| Fresh Issue | Approx ₹29.20 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |