What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Kanishk Aluminium India Limited IPO?

Kanishk Aluminium India Limited IPO has received a total subscription of 1.10 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Kanishk Aluminium India Limited

ListedSME

Metals · BSE

Incorporated in 2022, Kanishk Aluminium India Ltd. is a Jodhpur-based company engaged in manufacturing aluminium extrusion products from its modern 4,000 sq. metre facility in Rajasthan. The company offers a wide range of customised aluminium profiles used across industries such as electronics, automotive, solar, furniture, transport, electrical, and architecture. Its product range includes solid and hollow aluminium extrusions, solar profiles, heatsinks, window and door profiles, railings, engineering items like channels, flat bars and tubes, as well as kitchen and architectural hardware solutions. As of November 30, 2025, the company had a team of 46 employees managing operations, quality control, administration, and business activities.

Price Band

₹73

Issue Size

₹29.20 Cr

Lot Size

1600 shares

GMP

—

Est. Listing

₹73

at current GMP

Subscribed

1.10x

overall

Open

28 Jan 2026

30 Jan 2026

Allotment

2 Feb 2026

Refund

3 Feb 2026

Demat Credit

4 Feb 2026

Listing

4 Feb 2026

Last updated 4 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

1.10x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.33x

High Net-Worth

Retail (RII)

1.86x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 1.10x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	1,899,200	628,800	0.33x
RETAIL	1,900,800	3,532,800	1.86x
Total	3,800,000	4,161,600	1.10x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.23x

Category	Applications Reserved	Applications Received	Times Subscribed
NIB	—	63	0.00x
RETAIL	594	1,096	1.85x
HNIs (2-10L)	396	61	0.15x
Total Applications	990	1,220	1.23x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Kanishk Aluminium India Limited Public Issue & Market Profile

Kanishk Aluminium India Limited is bringing an initial public offering (IPO) in the Metals sector with an aggregate issue size of ₹29.2 Crores. The shares are offered at a price band of ₹73 to ₹73 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,16,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-02-04, while un-allotted funds or UPI block mandates will be released on 2026-02-03.

Frequently Asked Questions

What is Kanishk Aluminium India Limited IPO GMP today?

Currently, Kanishk Aluminium India Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹73 to ₹73 per equity share.

What is the expected profit per lot for Kanishk Aluminium India Limited IPO?

The retail lot size is 1600 shares requiring a minimum application amount of ₹1,16,800. Expected listing price is ₹73 per equity share.

What is the issue size and price band for Kanishk Aluminium India Limited IPO?

The Kanishk Aluminium India Limited IPO aggregate issue size is ₹29.2 Crores with an equity price band set at ₹73 to ₹73 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,16,800.

How can I check Kanishk Aluminium India Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.10x (Retail: 1.86x, QIB: 0.00x, NII: 0.33x). You can track live multiples directly on our dedicated subscription page.

Where and when will Kanishk Aluminium India Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-02-02. Investors can verify status using PAN card or application number.

When is the listing date for Kanishk Aluminium India Limited IPO?

Kanishk Aluminium India Limited shares are scheduled to list on BSE on 2026-02-04.