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(22/01/2026 12:50)

Kanishk Aluminium announces launch of initial public offering

Kanishk Aluminium India Ltd. has announced public offering of 4000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 63.00 per share. The gross proceeds of the issue are expected to be Rs 2,920.00 lakhs.

The company's initial public offer (IPO) will open on 28 January 2026 and is expected to close on 30 January 2026, subject to customary closing conditions.

The IPO includes a fresh Issue of 4000000 Equity Shares of the Company at an price of Rs 73.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Kanishk Aluminium India Ltd. anticipates using the proceeds of the issue for .

Sun Capital Advisory Services Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.
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