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 (Latest)
• 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
• Face Value: ₹10
• 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
• Face Value: ₹10
• 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 Details Subscription Status Expected Listing Price Business Overview Industry Outlook Financials Fundamental Analysis Key Ratios Peer Comparison Valuation Analysis GMP Trend Analysis IPO Scorecard Listing Probability Risks & SWOT Long-Term Outlook Apply or Avoid Expert Conclusion FAQs
📊 IPO Snapshot
| IPO Name | Kanishk Aluminium India IPO |
| Issue Type | SME IPO – Fresh Issue |
| Issue Size | ₹29.20 Cr |
| Price | ₹73 |
| Face Value | ₹10 |
| Lot Size | 1600 Shares |
| Minimum Investment | ₹1,16,800 |
| Total Shares Offered | 40,00,000 Shares (Approx) |
| Post-IPO Market Cap | ~₹120–135 Cr (Estimated) |
| Exchange | BSE SME |
📅 IPO Details
| Opening Date | 28 Jan 2026 |
| Closing Date | 30 Jan 2026 |
| Listing Date | 4 Feb 2026 |
| Registrar | KFin Technologies Ltd |
| Lead Manager | Sun Capital Advisory Services Pvt Ltd |
📈 Live Subscription Status
| QIB | TBA |
| NII | TBA |
| Retail | TBA |
| Overall | TBA |
💰 Expected Listing Price
| Bear Case | ₹68 – ₹72 |
| Base Case | ₹73 – ₹75 |
| Bull Case | ₹76 – ₹82 |
🏢 Business Overview
Kanishk Aluminium India Limited manufactures aluminium extrusions used in infrastructure, solar, construction, and automotive sectors. The company benefits from rising industrial demand but faces challenges from raw material price volatility and intense competition.
📈 Industry Outlook
India’s aluminium industry is supported by infrastructure spending, renewable energy expansion, and real estate growth. However, SME companies face margin volatility due to fluctuating aluminium prices and competitive pressure.
📊 Financials
| Year | Revenue | PAT |
|---|---|---|
| FY2023 | 59.68 Cr | 1.76 Cr |
| FY2024 | 59.54 Cr | 1.52 Cr |
| FY2025 | 60.13 Cr | 3.04 Cr |
📊 Fundamental Analysis
Revenue growth remains stable but modest. Profitability improved in FY2025, indicating better operational efficiency. However, scalability remains limited compared to larger aluminium peers.
📉 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
| Kanishk Aluminium | 32.3x |
| Maan Aluminium | 56.2x |
| Jindal Aluminium | 18–25x |
| Century Extrusions | 20–30x |
💎 Valuation Analysis
At the issue price, the IPO appears moderately expensive relative to growth and peers. Limited growth visibility restricts long-term upside potential.
📈 GMP Trend Analysis
GMP in the range of ₹0–₹3 indicates weak to neutral sentiment. Low GMP suggests limited listing gains unless subscription demand improves significantly.
📊 IPO Scorecard
| Business Model | 6.5 / 10 |
| Financial Growth | 6.0 / 10 |
| Valuation | 4.8 / 10 |
| Risk Level | High |
| Overall Score | 5.6 / 10 |
🎯 Listing Gain Probability
| Listing Gain Probability | 35–50% |
| Flat Listing Probability | 35–45% |
| Listing Loss Probability | 15–25% |
⚠️ Risks & SWOT
Strengths: Sector demand, manufacturing capability
Weaknesses: Limited scale, moderate growth
Opportunities: Infrastructure & solar expansion
Threats: Raw material volatility, SME liquidity risk
📉 Long-Term Outlook
Long-term prospects are moderate. The company lacks strong growth catalysts, making it more suitable for short-term listing plays than long-term investment.
🔥 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.
❓ FAQs
Is Kanishk Aluminium India IPO good?
It is a high-risk SME IPO.
It is a high-risk SME IPO.
What is GMP today?
₹0–₹3 (subject to change).
Should retail investors apply?
Only if they have high risk tolerance.
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Disclaimer: IPO investments involve market risks. This content is for educational purposes only.
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