ListedSMEAluminium & Aluminium ProductsKANISHK

Kanishk Aluminium India IPO

Kanishk Aluminium India IPO is an SME IPO raising ₹29 Cr at a fixed price of ₹73 a share. It listed on 4 Feb 2026 at ₹58, −20.0% against its issue price of ₹73, and trades at ₹24 today (−67.4% since issue). It was subscribed 1.09× in total.

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₹73

Issue price

₹24

Price now

−67.4%

Since issue price

4 Feb 2026

Listed on

1.09×Subscribed (final) · all exchanges

Just covered — bids slightly exceed the shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹73

Cut-off price₹73

Issue size₹29 Cr

Shares per lot1600

Minimum application₹1,16,800

Minimum quantity3200

Face value₹10

Listing exchangesBSE

ISININE163401016

Bidding hours10:00 – 17:00 IST

Bidding window28 Jan 2026 – 30 Jan 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.