Our Products
Loans
Cards
Insurance
Investment
Stock Market
Electronics Mall
CIBIL Score
Knowledge Centre
Calculators
Our Services
My Account
Do not call
En
Explore how Kanishk Aluminium India Ltd.’s IPO performed on its opening day, including investor participation, issue price details, key dates, and the step-by-step process to apply through ASBA or UPI.
The Kanishk Aluminium India Ltd. IPO opened for subscription on January 28, 2026, marking the market debut of the aluminium manufacturing company on the SME platform. The issue is a fixed-price IPO, aimed at raising ₹29.20 crore, and offers investors exposure to India’s growing metal and industrial materials segment.
The public issue is priced at ₹73 per share with a lot size of 1,600 shares, positioning it primarily for SME-focused retail and non-institutional investors.
The IPO saw a muted response on its first day of bidding, with limited participation from retail and non-institutional investors. Institutional participation was absent on Day 1, which is common in SME fixed-price offerings during early bidding hours.
On the first day of bidding, the Kanishk Aluminium India Ltd. IPO was subscribed 0.16× overall. Retail investor participation remained modest, while non-institutional demand was minimal. Qualified Institutional Buyers (QIBs) did not participate on Day 1.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
N.A. |
Retail Individual Investors (RII) |
0.21× |
Non-Institutional Investors (NII) |
0.12× |
Total |
0.16× |
The initial trend reflects cautious investor interest, with activity expected to pick up in the later stages of the subscription period.
On the second day of bidding, the Kanishk Aluminium India Ltd. IPO was subscribed 0.22× overall. Retail investors continued to show modest interest, while non-institutional participation remained minimal. Qualified Institutional Buyers (QIBs) still did not participate on Day 2.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
N.A. |
Retail Individual Investors (RII) |
0.42× |
Non-Institutional Investors (NII) |
0.12× |
Total |
0.22× |
The trend indicates that retail participation is gradually increasing, but non-institutional interest remains low. Expectations are for continued modest growth in participation as the subscription period progresses.
On the third day of bidding, the Kanishk Aluminium India Ltd. IPO was subscribed 0.86× overall. Retail investor participation saw a notable increase, reaching 1.59×, while non-institutional investor interest remained limited. Qualified Institutional Buyers (QIBs) did not participate during Day 3.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
N.A. |
Retail Individual Investors (RII) |
1.59× |
Non-Institutional Investors (NII) |
0.21× |
Total |
0.86× |
The subscription activity reflects a solid rise in retail participation, signaling increased investor interest as the IPO continues into its final phase.
The IPO is offered at a fixed price of ₹73 per equity share, with a face value of ₹10 per share.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail / HNI (Minimum) |
1 |
1,600 |
₹1,16,800 |
The minimum investment requirement aligns with typical SME IPO patterns.
For detailed insights about the company, issue particulars, and the latest updates, visit the Kanishk Aluminium India IPO on Bajaj Markets.
Below are the important dates related to the IPO process:
| Event | Date | Description |
|---|---|---|
IPO Open Date |
January 28, 2026 |
Issue opens for subscription |
IPO Close Date |
January 30, 2026 |
Final day to submit bids |
Basis of Allotment |
February 2, 2026 |
Finalisation of allotment |
Refunds Initiation |
February 3, 2026 |
Refunds for unallotted investors |
Credit of Shares |
February 3, 2026 |
Shares credited to Demat accounts |
Listing Date |
February 4, 2026 |
Expected listing on SME exchange |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Kanishk Aluminium India Ltd. IPO through ASBA (banking channels) or UPI-based broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Kanishk Aluminium India Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Kanishk Aluminium India Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Check other upcoming ipo’s here : Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
250 Views
| 1min read
Posted on 19 Dec
Academy .jpeg "authour img"){kind=small}
.jpeg "image not found"){kind=small}
