Kanishk Aluminium India SME IPO Opens for Subscription: Key Details
The initial public offering (IPO) of Kanishk Aluminium India commenced its subscription window on Wednesday, January 28. This fixed-price small and medium enterprise (SME) offering will remain open for investor bidding until Friday, January 30. The company aims to raise ₹29.20 crore through this public issue.
IPO Structure and Investment Requirements
This IPO represents a complete fresh issue of 0.40 crore shares, with each share priced at ₹73. For retail investors, the lot size has been set at 1,600 shares. Consequently, the minimum investment required stands at ₹2,33,600, as applicants must bid for a minimum of two lots.
The capital raised will be strategically allocated toward several corporate objectives. The primary uses of the proceeds include:
- Repayment of certain outstanding borrowings
- Branding and promotional activities for the company
- General corporate purposes to support operational growth
Subscription Status and Timeline
As of 12:55 PM on the opening day, the Kanishk Aluminium India IPO had been subscribed approximately 3%. A detailed breakdown reveals that the retail investor portion saw 6% subscription, while the non-institutional investor (NII) quota was booked 1%. The offer received bids for 1,28,000 shares against the total 38,00,000 shares on offer.
The allotment process for this IPO is expected to be finalized on February 2. Following this, the shares of Kanishk Aluminium India are scheduled to list on the BSE SME platform on February 4.
Grey Market Premium and Investor Outlook
In the unofficial grey market, the Kanishk Aluminium India IPO premium (GMP) currently stands at ₹0. This indicates that the shares are trading at par with the offer price of ₹73. Based on prevailing GMP trends, investors are likely to see neither a discount nor a premium on their initial investment upon listing.
Company Profile and Product Portfolio
Kanishk Aluminium India specializes in manufacturing a comprehensive range of aluminium extrusion products. Their diverse portfolio includes:
- Solid and hollow section profiles
- Solar profiles and railings
- Heatsinks for thermal management
- Sliding and fixed windows and doors
The company's products serve multiple industries, including electronics, automotive, mechanical engineering, solar energy, furniture, transport, electrical systems, and architecture.
Brand Expansion: Baari by Kanishk
In 2024, Kanishk Aluminium India launched its premium brand, “Baari by Kanishk,” which focuses exclusively on high-end aluminium system doors and windows. Under this brand, the company designs and manufactures an extensive range of quality door and window systems, such as:
- Sliding doors for modern spaces
- Casement series with enhanced functionality
- Slide-and-fold doors for flexible openings
- Lift-and-slide doors offering seamless operation
- Fixed panels for architectural applications
Disclaimer: This content is provided for educational purposes only. Investors are strongly advised to consult with certified financial experts before making any investment decisions.
