Kanohar Electricals IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
Kanohar Electricals Limited, incorporated in 1972, is an Indian power infrastructure company engaged in the manufacturing of transformers and the execution of engineering, procurement and construction (EPC) projects. With over five decades of industry experience, the Company serves customers across…
Open Date
Tue, 08 Sep 2026
Close Date
Thu, 10 Sep 2026
Price Band
₹ 601 – 632
Lot Size
23
Issue Size
₹ 1,055.74 Cr
Minimum Investment
₹ 14,536 (23 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Kanohar Electricals IPO is set to open its Initial Public Offering (IPO) for subscription on September 08, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹1,055.74 Crore, comprising a fresh issue of 47.47 Lakh equity shares aggregating to ₹300.00 Crore and an offer for sale (OFS) of 1.20 Crore equity shares aggregating to ₹755.74 Crore by the existing shareholders.
The Kanohar Electricals IPO will open for subscription on September 08, 2026, and close on September 10, 2026. The basis of allotment is expected to be finalized on September 11, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 16, 2026.
The company has fixed the price band at ₹601 to ₹632 per share, with a lot size of 23 shares. Retail investors will require a minimum investment of ₹14,536 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited is the registrar to the issue. IIFL Capital Services Limited, and Nuvama Wealth Management Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Kanohar Electricals IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 10, 2026.
Kanohar Electricals IPO Timeline (Tentative)
- IPO Open Date
- Tue, 08 Sep 26
- IPO Close Date
- Thu, 10 Sep 26
- Basis of Allotment
- Fri, 11 Sep 26
- Initiation of Refunds
- Tue, 15 Sep 26
- Credit of Shares to Demat
- Tue, 15 Sep 26
- Listing Date
- Wed, 16 Sep 26 — BSE & NSE
Open Date
08 September 2026
Close Date
10 September 2026
Basis Of Allotment
11 September 2026
Listing Date
16 September 2026
IPO Subscription
Check Live Subscription →The Kanohar Electricals IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 08 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (50%), while Non-Institutional Investors (NIIs) receive 0 shares (15%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 50% |
| Retail Investors | 0 | 35% |
| Non-Institutional | 0 | 15% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 613.93 | 432.07 | 322.86 |
| Revenue | 662.86 | 457.3 | 281.12 |
| Profit After Tax | 129.73 | 65.12 | 17.76 |
| Net Worth | 372.84 | 243.13 | 178.12 |
| Reserve & Surplus | 357.95 | 239 | 174.09 |
| Total Borrowings | 39.04 | 32.27 | 42.08 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Kanohar Electricals Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 42.12 | 30.92 | 10.49 |
| ROCE % | 70.13 | 47.61 | 16.69 |
| Debt / Equity | 0.1 | 0.13 | 0.24 |
| RoNW % | 34.8 | 26.78 | 9.97 |
| Pat Margin % | 19.57 | 14.24 | 6.32 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Kanohar Electricals Ltd | 2 | 0 | 17.43 | 17.43 | 34.8 | 50.09 |
| Hitachi Energy India Ltd | 2 | 159.55 | 221.63 | 221.63 | 19.08 | 1161.56 |
| Bharat Heavy Electricals Ltd | 2 | 91.3 | 4.6 | 4.6 | 6.13 | 74.99 |
| Schneider Electric Infrastructure Ltd | 2 | 155.12 | 8.89 | 8.89 | 28.98 | 30.67 |
| CG Power and Industrial Solutions Ltd | 2 | 114.77 | 7.72 | 7.71 | 15.82 | 48.11 |
| ransformers & Rectifiers (India) Ltd | 1 | 32.19 | 9.07 | 9.07 | 17.64 | 51.39 |
| GE Vernova T&D India Ltd | 2 | 89.37 | 48.16 | 48.16 | 45.85 | 42.87 |
About Kanohar Electricals Limited
Kanohar Electricals Limited, incorporated in 1972, is an Indian power infrastructure company engaged in the manufacturing of transformers and the execution of engineering, procurement and construction (EPC) projects. With over five decades of industry experience, the Company serves customers across power transmission, power distribution, railways and renewable energy sectors.
The Company operates through two principal business segments: (i) Transformer Manufacturing and (ii) EPC. Transformer manufacturing is its core business, contributing 83.43% of revenue in FY2026, while the EPC segment accounted for 16.44%. Its product portfolio includes power, traction, Scott and distribution transformers, as well as shunt reactors. Kanohar Electricals is also one of four manufacturers in India certified by the Research Designs and Standards Organisation (RDSO) for manufacturing 100 MVA, 132 kV Scott transformers.
Kanohar Electricals operates two manufacturing facilities at Rithani and Gangol in Meerut, Uttar Pradesh, with an aggregate transformer manufacturing capacity of 19,200 MVA as of March 31, 2026. The Gangol facility is capable of manufacturing transformers with ratings of up to 500 MVA and 400 kV. The Company also benefits from backward integration, including in-house manufacturing of critical components such as transformer tanks and radiators.
Through its EPC segment, the Company provides turnkey solutions for substations of up to 400 kV and transmission lines across 132 kV, 220 kV and 400 kV. As of March 31, 2026, its order book stood at ₹1,818.32 crore, with transformer manufacturing accounting for 89.19%, providing visibility for future revenue. The Company has five regional offices across Delhi-NCR, Mumbai, Kolkata, Bengaluru and Chennai and had 526 full-time employees as of FY2026.
Kanohar Electricals IPO Promoters
- Dinesh Singhal
- Adesh Singhal
- Vivek Singhal
- Abhishek Singhal
- Virat Singhal
- Aditya Singhal
Promoters Holding
Holding Pre Issue
99.72%
Holding Post Issue
78.64%
Kanohar Electricals IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the capital expenditure requirements of Company
- Funding the incremental working capital requirements of Company
- General Corporate Purposes
Kanohar Electricals Limited Address / Contact Details
Kanohar Electricals Ltd.
Rithani, Delhi Road
Meerut, Uttar Pradesh, 250103
Telephone: +91 121-3500801-05
Email: compliance@kanohar.com
Website: https://www.kanohar.com/
IPO Snapshot
Kanohar Electricals IPO Lot Size
The Kanohar Electricals IPO has a lot size of 23 shares. Retail investors require a minimum investment of ₹14,536 by applying for 1 lot (23 shares). The maximum application allowed for the retail category is 13 lots (299 shares), requiring an investment of ₹1,88,968.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 23 | 14,536.00 |
| Retail (Max) | 13 | 299 | 188,968.00 |
| S-HNI (Min) | 14 | 322 | 203,504.00 |
| S-HNI (Max) | 68 | 1,564 | 988,448.00 |
| B-HNI (Min) | 69 | 1,587 | 1,002,984.00 |
Issue Reservation
- QIB — 50%
- RII — 35%
- NII — 15%
Book Running Lead Managers
- IIFL Capital Services Limited
- Nuvama Wealth Management Limited
IPO Documents & Links
Explore More IPOs
Currently Open
No IPOs currently open.
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Kanohar Electricals IPO?
Kanohar Electricals IPO is a Book-building IPO with a total issue size of ₹1055.74 crore. The Kanohar Electricals IPO price band is ₹601 to 632 per share. The Kanohar Electricals IPO subscription opens on Tue, Sep 8, 2026, and closes on Thu, Sep 10, 2026. The Kanohar Electricals IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Kanohar Electricals IPO.
When will the Kanohar Electricals IPO open for subscription?
The Kanohar Electricals IPO opens on Tue, Sep 8, 2026 and closes on Thu, Sep 10, 2026
What is Kanohar Electricals IPO Price Band?
Kanohar Electricals IPO Price Band is ₹601 to 632 per share.
What is Kanohar Electricals IPO Lot Size?
Kanohar Electricals IPO lot size is 23 shares, Retail investors need a minimum investment of ₹14536 based on the upper price band
What is the minimum investment for Kanohar Electricals IPO?
The minimum investment for Kanohar Electricals IPO is ₹14536, based on one lot of 23 shares at the upper price band of ₹632 per share.
How to apply for Kanohar Electricals IPO?
Investors can apply for the Kanohar Electricals IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 10, 2026. The application amount remains blocked until the Kanohar Electricals IPO allotment is finalized.
What is Kanohar Electricals IPO Issue Size?
Kanohar Electricals IPO issue size is ₹1055.74 crores.
What is the Kanohar Electricals IPO Allotment Date?
Kanohar Electricals IPO allotment date is Fri, Sep 11, 2026.
Who is the Kanohar Electricals IPO Registrar?
The registrar for Kanohar Electricals IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Kanohar Electricals IPO allotment status, refund processing, and other IPO-related information.
What is the Kanohar Electricals IPO GMP?
The Kanohar Electricals IPO GMP (Grey Market Premium) is ₹200 as of Fri, Sep 4, 2026. Based on the upper price band of ₹632 per share, the estimated Kanohar Electricals IPO listing price is ₹832, indicating a potential listing gain of approximately 31.65% over the issue price.
Who is the Kanohar Electricals IPO Lead Manager?
The book-running lead managers (BRLMs) for the Kanohar Electricals IPO are IIFL Capital Services Limited and Nuvama Wealth Management Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Kanohar Electricals IPO Red Herring Prospectus (RHP).