Kanishk Aluminium India Ltd IPO
Non Ferrous Metals
Price Band
₹73 – ₹73
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹233600
Issue Size
₹29.2Cr
Opens
2026-01-28
Closes
2026-01-30
Listing
04-02-2026
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE163401016
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Kanishk Aluminium India Limited is a manufacturer specializing in a comprehensive range of aluminium extrusion products, including solid & hollow section profiles, solar profiles, railings, and heatsinks. Its products cater to a diverse array of industries such as electronics, automotive, mechanical, solar, furniture, transport, and architecture. In 2024, the company launched its premium brand, 'Baari by Kanishk', which focuses on high-quality aluminium system doors and windows, marking a strategic expansion into the business-to-consumer (B2C) segment.
Pros
- • The company's operational efficiency is improving, as evidenced by its capacity utilization increasing from 56.88% in FY23 to 60.14% in FY25, with an annualized rate of 63.77% for the period ended August 31, 2025.
- • Despite stable revenues, the company has significantly improved its profitability, with Profit After Tax (PAT) growing from ₹1.76 Crores in FY23 to ₹3.04 Crores in FY25, and PAT margin expanding from 2.96% to 5.09% over the same period.
- • The company is led by an experienced promoter, Mr. Parmanand Agarwal, who has over 40 years of experience in the aluminium manufacturing industry, providing deep industry knowledge and strategic direction.
Cons
- • The company has a very high customer concentration, with its top ten customers accounting for 83.07% of its total sales in FY25, which exposes it to significant revenue risk from the loss or reduction of orders from any of these key clients.
- • There is a significant supplier concentration risk, as the top ten suppliers accounted for 90.44% of the total raw material purchases in FY25, making the company's operations vulnerable to supply chain disruptions or price volatility from these suppliers.
- • The company has a history of negative operating cash flows, reporting ₹-1.76 Crores in FY25 and ₹-2.06 Crores in FY23, indicating that its core operations have not consistently generated sufficient cash to fund its activities.
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