Kanishk Aluminium SME IPO Subscription Status
Kanishk Aluminium SME IPO closed on 30 January 2026 with an overall subscription of 1.10x based on shares applied. retail at 1.86x.
Allotment will be finalised on 2 February 2026. The stock is scheduled to list on NSE and BSE on 4 February 2026.
Issue Price
Rs 73.00
GMP Today
-
Overall Subscription
1.10x
Issue Size
₹27.74 Cr
Allotment Date
2 Feb 2026
Listing Date
4 Feb 2026
Kanishk Aluminium SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 73.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| Other | Rs 13.86 Cr | Rs 4.59 Cr | 0.33x |
| NII | - | Rs 4.59 Cr | - |
| bNII (above Rs 10L) | - | Rs 2.38 Cr | - |
| sNII (Rs 2L to Rs 10L) | - | Rs 2.21 Cr | - |
| IND | Rs 13.88 Cr | Rs 25.79 Cr | 1.86x |
| Fixed price | - | Rs 25.79 Cr | - |
| Total | Rs 27.74 Cr | Rs 30.38 Cr | 1.10x |
Kanishk Aluminium SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| Other | 396 | 63 | 0.16x |
| NII | - | 63 | - |
| bNII (above Rs 10L) | - | 9 | - |
| sNII (Rs 2L to Rs 10L) | - | 54 | - |
| IND | 594 | 1,104 | 1.86x |
| Fixed price | - | 1,104 | - |
| Total | 990 | 1,167 | 1.18x |
What Do These Subscription Numbers Mean?
A subscription of 1.10x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
At 1.86x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~54% per application). Retail allotment is done by lottery when oversubscribed.
Kanishk Aluminium SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 1.86x.
- •Allotment odds: about 1 in 2 (~54% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
Check the Kanishk Aluminium SME IPO Allotment Status page from 2 February 2026 for your allotment result.
Kanishk Aluminium SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 28 Jan 2026 | - | 0.12x | 0.22x | 0.17x |
| Day 2 - 29 Jan 2026 | - | 0.03x | 0.97x | 0.50x |
| Day 3 - 30 Jan 2026 | - | 0.23x | 1.86x | 1.04x |
Kanishk Aluminium SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 28 January 2026 |
| IPO Close Date | 30 January 2026 |
| Allotment Date | 2 February 2026 |
| Refund Initiation | 3 February 2026 |
| Share Credit to Demat | 3 February 2026 |
| Listing Date | 4 February 2026 |
| Minimum Investment | Rs 2,33,600.00 |
| Lot Size | 1600 shares |
About Kanishk Aluminium SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Kanishk Aluminium SME IPO Subscription FAQs
What is Kanishk Aluminium SME IPO subscription status today?
Kanishk Aluminium SME IPO subscription closed on 30 January 2026 with overall subscription of 1.10x (by shares) as of 27 June 2026, 3:17 AM IST. QIB N/A, NII N/A, IND 1.86x.
What is the overall subscription of Kanishk Aluminium SME IPO?
Kanishk Aluminium SME IPO is subscribed 1.10x overall by shares at close on 30 January 2026. QIB N/A, NII N/A, and IND 1.86x.
What is Kanishk Aluminium SME IPO QIB subscription?
QIB subscription for Kanishk Aluminium SME IPO will appear here once institutional bids are recorded.
What is Kanishk Aluminium SME IPO IND subscription?
Kanishk Aluminium SME IPO IND subscription is 1.86x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Kanishk Aluminium SME IPO NII subscription?
NII subscription for Kanishk Aluminium SME IPO will be updated during the subscription window.
What are allotment chances in Kanishk Aluminium SME IPO for retail?
At 1.86x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~54% per application). Allotment is done by lottery.
When is Kanishk Aluminium SME IPO allotment date?
Kanishk Aluminium SME IPO allotment date is 2 February 2026. Check Kanishk Aluminium SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Kanishk Aluminium SME IPO subscription close?
Kanishk Aluminium SME IPO subscription closed on 30 January 2026. No new applications are accepted after the close.
What is Kanishk Aluminium SME IPO GMP today?
GMP for Kanishk Aluminium SME IPO is not available yet. Track Kanishk Aluminium SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Kanishk Aluminium SME IPO issue price and lot size?
Kanishk Aluminium SME IPO issue price is ₹73 per share. Lot size is 1600 shares. Minimum investment is ₹2,33,600 per lot (minimum 2 lots for SME). Issue size: ₹27.74 Cr.
When is Kanishk Aluminium SME IPO listing date?
Kanishk Aluminium SME IPO listing date is 4 February 2026 on NSE and BSE. Allotment is on 2 February 2026.
How does subscription affect Kanishk Aluminium SME IPO allotment?
Allotment odds in Kanishk Aluminium SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.10x overall, competition is moderate.
For allotment results from 2 February 2026, visit the Kanishk Aluminium SME IPO Allotment Status page. For listing day updates on 4 February 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.