Kanishk Aluminium India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Kanishk Aluminium India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹73
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,16,800
Issue Size
₹29.2 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50.02%
QIB Quota
0%
NII Quota
49.98%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Kanishk Aluminium India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
70.24%
Issue Type
Fixed Price - SME
ISIN
INE163401016
About the Company
We specialize in manufacturing a comprehensive range of aluminium extrusion products, including solid & hollow section profiles, solar profiles, railings, heatsinks and sliding/ fixed windows and doors. Our products serve a diverse array of industries, such as electronics, automotive, mechanical, solar, furniture, transport, electrical, and architecture. Our mission is to consistently deliver exceptional value to our customers by offering superior-quality products and services at optimal costs. We achieve this through continuous improvement, integrity, and excellence in every aspect of our operations. In 2024, we have proudly launched our brand, Baari by Kanishk", which specializes in premium aluminium system doors and windows. At Baari, we design and manufacture a wide range of high-quality door and window systems, including sliding doors, casement series, slide-and-fold doors, lift-and-slide doors, fixed panels etc.
Industry Overview
Aluminum is a recyclable environment-friendly metal having a host of applications in a number of diverse sectors - power, transportation, building, construction, packaging and many more. Increasing application, growing environmental concerns & move towards greater use of recyclable materials are driving growth in the world aluminum market. aluminum represents the second largest metal market in the world, in volume terms, after iron and steel. The aluminum industry encompasses the extraction of the ore (bauxite) as well as primary and secondary processing of the metal. India is the 3rd largest producer globally (2nd largest in capacity); 3rd Largest consumer globally. 58% of the aluminum is imported even with enough capacity domestically.
Company History
Our Company was originally incorporated as Company Limited by Shares under the name Kanishk Aluminium Extrusions Private Limited? under the provisions of the Companies Act, 2013 and the Certificate of Incorporation was issued by Central Registration Centre, Manesar on December 05, 2018, vide certificate of incorporation bearing CIN U27109RJ2018PTC063198. Further, pursuant to Special Resolution passed by the shareholders at the Extra-Ordinary General Meeting held on August 26, 2022, the name of our Company was changed from Kanishk Aluminium Extrusions Private Limited? to Kanishk Aluminium India Pri vate Limited? and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Jaipur vide dated September 21, 2022. Subsequently, our Company was converted into a Public Limited Company and consequently the name of our Company was changed from Kanishk Aluminium India Private Limited? to Kanishk Aluminium India Limited? vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated October 30, 2024, issued by the Registrar of Companies, Central Processing Centre. Our Company`s Corporate Identity Number is CIN U27109RJ2018PLC063198.
Products & Services
- The Company specializes in manufacturing a comprehensive range of aluminium extrusion products, including solid & hollow section profiles, solar profiles, railings, heatsinks and sliding/ fixed windows and doors.
Growth Strategy
- Focus on consistently meeting quality standards.
- Maintaining edge over competitors.
- Continue to strive for cost efficiency.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 40,00,000 equity shares of face value of Rs.10/- each ("Equity Shares") of Kanishk Aluminium India Limited ("The Company" or "The Issuer") for cash at a price of Rs. 73/- per equity share (Including a Premium of Rs. 63/- per Equity Share) ("Issue Price") Aggregating to Rs. 29.20 crores comprising of fresh issue of 40,00,000 equity shares ("The Issue") of which 2,00,000 equity shares aggregating to Rs. 1.46 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 38,00,000 equity shares at the issue price aggregating to Rs. 27.74 ("Net Issue"). The issue and the net issue will constitute 29.76% and 28.27 % of the post-issue paid-up equity share capital of the company. Price Band: Rs. 73 per equity share of face value Rs. 10/- each. The floor price is 7.3 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diverse Product Portfolio.
- Ability to provide customized solutions tailored to client specifications.
- Stringent quality control mechanism ensuring standardized product quality.
- Strong knowledge and expertise of Senior management team.
- Strong existing client relationship.
- A significant portion of revenue comes from key customers, and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for the company's products could negatively impact its business, operating results, financial condition, and cash flows.
- The Company is dependents on few suppliers for purchase of raw materials. Loss of any of these large suppliers may affect its business operations adversely.
- The company's Promoter Group entities have some common business interest or pursuits among themselves, which may create potential conflict of interest and can adversely affect the interest of the Company.
- There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on the company or take any punitive actions against the Company in relation to the same,the company's business, financial condition and results of operations could be adversely affected.
- In the past, there have been discrepancies in filings with the Registrar of Companies (RoC) and other non-compliances under the Companies Act, which may result in penalties.