Kanishk Aluminium IPO GMP

January 28, 2026 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Kanishk Aluminium IPO opens for subscription on January 28, 2026, and closes on January 30, 2026, raising ₹29.20 crore through a fresh issue of 40 lakh shares priced at ₹73 each on BSE SME. The Jodhpur-based manufacturer specializes in aluminium extrusion profiles and premium door/window systems under the ‘Baari by Kanishk’ brand, serving construction, engineering, solar, and architectural sectors with integrated production capabilities. Kanishk Aluminium IPO offers exposure to urbanization-driven demand for lightweight, sustainable building materials.

₹00

Latest IPO GMP

Last updated on 01 Feb 2026 13.46

₹73

IPO Offer Price

*cut off price

--

Listing Price

Listing date is 04/02/2026.

Expert Opinions

Market sentiment for Kanishk Aluminium IPO shows neutral positioning among SME investors, reflecting steady aluminium demand tempered by pricing pressures and import competition. Company strengths include integrated extrusion capabilities, branded ‘Baari by Kanishk’ door/window systems, and diversified applications across construction, solar, and engineering sectors with strong client relationships.

Risks encompass aluminium price fluctuations, customer concentration risks, working capital intensity, and execution challenges in capacity expansion. Valuation analysis for Kanishk Aluminium IPO and year 2025 reveals Return on Equity (ROE) of 20.21%, ROCE of 14.61%, and Net Asset Value (NAV) of ₹17.56, indicating moderate efficiency within sector norms. Long-term investment perspective supports infrastructure-linked growth as urbanization drives premium aluminium product adoption over 5+ years.

Investor Considerations

Kanishk Aluminium IPO investors should review the company’s stable fundamentals, with FY 2025 operating income steady at ₹59.78 crore alongside PAT growth to ₹3.04 crore reflecting improved margins from cost optimization. Aluminium sector outlook brightens with construction demand rising 8-10% annually, supported by real estate recovery and renewable energy projects. Valuation analysis for Kanishk Aluminium IPO in 2025 shows Price to Book Value of 3.18, PAT Margin of 5.09%, and Debt/Equity ratio of 1.37, indicating reasonable pricing with moderate leverage.

Growth prospects include debt reduction freeing cash flows, brand expansion for ‘Baari by Kanishk’ premium systems, and solar sector penetration. Risk factors feature aluminium price volatility, single Rajasthan facility dependency, and negative operating cash flows historically. Long-term investment goals capture urbanization trends, while short-term objectives confront SME liquidity constraints.