Mumbai, Feb. 4 -- The scrip listed at Rs 58.40, a 20% discount to the issue price. The stock was currently frozen at its lower limit of 5% to the listing price. The stock touched a high of Rs 58.40 and a low of Rs 55.48, with around 19,000 shares changing hands on the counter.

Kanishk Aluminium India's IPO was subscribed 1.04 times. The issue opened for bidding on 28 January 2026 and it closed 30 January 2026. The price band of the IPO was fixed at Rs 73 per share.

The IPO comprised fresh issue of 40,00,000 equity shares. The promoter and promoter group shareholding diluted to 70.24% from 99.99% pre-issue.

The company intends to utilise the net proceeds for repayment/prepayment, in full or part, of certain borrowings availed by the com...