Kanishk Aluminium India IPO GMP Today, Subscription, Review & Verdict
Kanishk Aluminium India IPO analysis covers GMP today, subscription trends, expected listing price, financial performance, valuation, risks, and expert verdict. This detailed SME IPO review helps investors decide whether to apply or avoid.
GMP Today
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⚡ LIVE IPO UPDATE
• GMP remains in the range of ₹0 – ₹3, indicating weak to neutral grey market sentiment.
• SME aluminium sector IPOs are witnessing selective investor participation.
• Listing gains will depend heavily on subscription momentum in the final bidding days.
Market Insight: If overall subscription crosses 3x–6x, listing sentiment may improve. Otherwise, flat listing is likely.
Quick Verdict:
Kanishk Aluminium India IPO is a high-risk SME issue with limited listing upside and moderate growth potential. Suitable only for aggressive investors seeking short-term gains.
Kanishk Aluminium India IPO is a high-risk SME issue with limited listing upside and moderate growth potential. Suitable only for aggressive investors seeking short-term gains.
Quick Facts:
• IPO Price: ₹73
• Issue Size: ₹29.20 Cr
• Lot Size: 1600 Shares
• Minimum Investment: ₹1,16,800 (Approx)
• GMP Today: ₹0–₹3
• Listing Date: 4 Feb 2026
• Risk Level: High
• IPO Price: ₹73
• Issue Size: ₹29.20 Cr
• Lot Size: 1600 Shares
• Minimum Investment: ₹1,16,800 (Approx)
• GMP Today: ₹0–₹3
• Listing Date: 4 Feb 2026
• Risk Level: High
📊 IPO Snapshot
| IPO Name | Kanishk Aluminium India IPO |
| Issue Type | SME IPO – Fresh Issue |
| Issue Size | ₹29.20 Cr |
| Price | ₹73 |
| Lot Size | 1600 Shares |
| Exchange | BSE SME |
| Post-IPO Market Cap |
📅 IPO Timeline
| Open Date | 28 Jan 2026 |
| Close Date | 30 Jan 2026 |
| Allotment | 31 Jan 2026 |
| Refunds | 3 Feb 2026 |
| Listing | 4 Feb 2026 |
📊 Financials
| Year | Revenue (Cr) | PAT (Cr) |
|---|---|---|
| FY2023 | 59.68 | 1.76 |
| FY2024 | 59.54 | 1.52 |
| FY2025 | 60.13 | 3.04 |
📈 Revenue CAGR (Auto)
Revenue CAGR:
📊 Key Ratios
| EPS (Post IPO) | ₹2.26 |
| ROE | 13.8% |
| ROCE | 16.5% |
| Debt to Equity | 1.42 |
| P/E Ratio | ~32.3x |
🏆 Peer Comparison
| Company | P/E |
|---|---|
| Kanishk Aluminium | 32.3x |
| Maan Aluminium | 56.2x |
| Jindal Aluminium | 20x |
| Century Extrusions | 25x |
| Peer Average |
💰 Expected Listing Price
| Bear Case | ₹68 – ₹72 |
| Base Case | ₹73 – ₹76 |
| Bull Case | ₹77 – ₹82 |
⚖️ Risk vs Reward Matrix
| Risk Level | High |
| Reward Potential | Moderate |
| Risk/Reward Ratio | 1 : 1.3 |
📊 IPO Scorecard
| Business Model | 6.5 / 10 |
| Financial Growth | 6.0 / 10 |
| Valuation | 4.8 / 10 |
| Risk Level | High |
| Overall Score | 5.6 / 10 |
⚠️ Risks & SWOT
Strengths: Sector demand, manufacturing capability
Weaknesses: Limited scale, moderate growth
Opportunities: Infrastructure & solar expansion
Threats: Raw material volatility, SME liquidity risk
🔥 Apply or Avoid
Apply only for short-term listing gains with high risk appetite. Conservative and long-term investors should avoid due to valuation and SME risks.
🧠 Expert Conclusion
Kanishk Aluminium India IPO is suitable mainly for aggressive investors targeting listing gains. Overall upside appears limited with elevated risk.
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Disclaimer: IPO investments involve market risks. This content is for educational purposes only.
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