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Subscription Status · Jan 28 – Jan 30, 2026 · ₹73–73
The Kanishk Aluminium India IPO subscription has recorded adequate investor demand with an overall subscription of 1.04× as of Jan 30, 2026, indicating that investors applied for 1.04 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Jan 30, 2026, 8:46 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
NII
Non-Institutional Investors
|
1,899,200 | 428,800 |
0.23×
|
- |
|
Retail
Retail Individual Investors
|
1,900,800 | 3,532,800 |
1.86×
|
- |
|
Total
|
3,800,000 | 3,961,600 |
1.04×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 1,899,200 | 65,600 | 0.03× | - |
| Retail | 1,900,800 | 1,849,600 | 0.97× | - |
| Total | 3,800,000 | 1,915,200 | 0.50× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 1,899,200 | 65,600 | 0.03× | - |
| Retail | 1,900,800 | 1,849,600 | 0.97× | - |
| Total | 3,800,000 | 1,915,200 | 0.50× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | 1,899,200 | 428,800 | 0.23× | - |
| Retail | 1,900,800 | 3,532,800 | 1.86× | - |
| Total | 3,800,000 | 3,961,600 | 1.04× | - |
As of January 30, 2026, the Kanishk Aluminium India IPO has been subscribed 1.04 times overall. The IPO is fully subscribed.
The Kanishk Aluminium India IPO subscription window was open from January 28, 2026 to January 30, 2026. Investors could apply through their demat account or ASBA facility.
The Kanishk Aluminium India IPO has a price band of ₹73 to ₹73 per share, with a lot size of 1,600 shares. Minimum retail investment: ₹116,800 (lower band) or ₹116,800 (upper band).
Retail investors subscribed 1.86 times. Retail was offered 1,900,800 shares.
Overall NII: 0.23×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on February 02, 2026. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Kanishk Aluminium India IPO is expected to list on February 04, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 1.04× means investors have bid for 1.04 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 1.86×, the estimated allotment probability for retail investors is Good. Decent chance of full allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Kanishk Aluminium India IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jan 28 to Jan 30, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Kanishk Aluminium India IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Jan 28, 2026Subscription Closes Done
Jan 30, 2026Basis of Allotment Done
Feb 02, 2026Listing on BSE Done
Feb 04, 2026Decent chance of full allotment. Based on retail subscription of 1.86×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
