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Kanishk Aluminium India IPO vs ScaleSauce IPO

Comparison between Kanishk Aluminium India IPO and ScaleSauce IPO.

IPO Details

Kanishk Aluminium India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while ScaleSauce IPO is a SME Bookbuilding proposed to list at NSE SME.

 Kanishk Aluminium India IPOScaleSauce IPO
LogoKanishk Aluminium India IPO LogoScaleSauce IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSun Capital Advisory Services Pvt.Ltd.3Dimension Capital Services Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Kanishk Aluminium India IPO is up to ₹27.74 Cr whereas the issue size of the ScaleSauce IPO is up to ₹38.20 Cr. The final issue price of Kanishk Aluminium India IPO is ₹73.00 per share and of ScaleSauce IPO is ₹107.00 per share.

 Kanishk Aluminium India IPOScaleSauce IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹101.00 per share
Issue Price (Upper)₹107.00 per share
Issue Price (Final)₹73.00 per share₹107.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size38,00,000 shares35,70,000 shares
Fresh Issue Size (Amount)up to ₹27.74 Crup to ₹38.20 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,00,000 shares35,70,000 shares
Issue Size Total (Amount)up to ₹27.74 Crup to ₹38.20 Cr

IPO Timetable

Kanishk Aluminium India IPO opens on Jan 28, 2026, while ScaleSauce IPO opens on Dec 05, 2025. The closing date of Kanishk Aluminium India IPO and ScaleSauce IPO is Jan 30, 2026, and Dec 09, 2025, respectively.

 Kanishk Aluminium India IPOScaleSauce IPO
Anchor Bid DateDec 04, 2025
Issue OpenJan 28, 2026Dec 05, 2025
Issue CloseJan 30, 2026Dec 09, 2025
Basis Of Allotment (Tentative)Feb 02, 2026Dec 10, 2025
Initiation of Refunds (Tentative)Feb 03, 2026Dec 11, 2025
Credit of Share (Tentative)Feb 03, 2026Dec 11, 2025
Listing date (Tentative)Feb 04, 2026Dec 12, 2025
Anchor Lockin End date 1Jan 09, 2026
Anchor Lockin End date 2Mar 10, 2026

Financials & KPIs

Kanishk Aluminium India IPO P/E ratio is 22.66, as compared to ScaleSauce IPO P/E ratio of 10.33.

 Kanishk Aluminium India IPOScaleSauce IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Aug 202531 Mar 202531 Mar 202431 Mar 2023
Assets60.4750.5041.0937.11
Total Income29.2560.1359.5459.68
Profit After Tax2.153.041.521.76
EBITDA4.086.634.504.06
NET Worth18.7216.5713.536.01
Reserves and Surplus9.287.137.631.11
Total Borrowing25.5522.7420.8426.45
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets63.2453.4523.1923.92
Total Income28.1755.0140.1521.69
Profit After Tax5.0510.796.88-1.29
EBITDA8.8516.8611.210.56
NET Worth37.6232.5810.373.50
Reserves and Surplus27.2032.1910.073.19
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9980.19
Promoter Shareholding (Post-Issue)70.2458.93
P/E Ratio22.6610.33
Market Cap₹98.11 Cr.₹151.76 Cr.
ROE20.2150.26
ROCE14.6140.49
Debt/Equity1.370.44
EPS₹3.22₹10.35
RoNW20.2133.13

Shares Offered

In the Kanishk Aluminium India IPO Retail Individual Investors (RII) are offered 19,00,800 shares while in ScaleSauce IPO retail investors are offered 19,00,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Kanishk Aluminium India IPO and 7,14,000 shares in ScaleSauce IPO.

 Kanishk Aluminium India IPOScaleSauce IPO
Anchor Investor Reservation0 shares10,69,200 shares
Market Maker Reservation2,00,000 shares1,88,400 shares
QIB0 shares7,14,000 shares
NII18,99,200 shares5,36,400 shares
RII19,00,800 shares12,50,400 shares
Employee0 shares0 shares
Others
Total38,00,000 shares35,70,000 shares

Bids Received (Subscription)

Kanishk Aluminium India IPO subscribed 1.04x in total, whereas ScaleSauce IPO subscribed 1.54x.

 Kanishk Aluminium India IPOScaleSauce IPO
QIB (times)1.25x
NII (times)0.23x4.60x
Big NII (times)5.73x
Small NII (times)2.29x
RII (times)1.86x1.69x
Employee (times)
Other (times)
Total (times)1.04x1.54x

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Kanishk Aluminium India IPO Vs ScaleSauce IPO