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Kanohar Electricals IPO
Kanohar Electricals IPO
Overview
Kanohar Electricals IPO is a book build issue of ₹1,055.74 crores. The issue is a combination of fresh issue of 47.47 lakh shares aggregating to ₹300.00 crores and offer for sale of 1.20 crore shares aggregating to ₹755.74 crores. Kanohar Electricals IPO opens for subscription on Sep 8, 2026 and closes on Sep 10, 2026. The allotment for the Kanohar Electricals IPO is expected to be finalized on Sep 11, 2026. Kanohar Electricals IPO will list on NSE and BSE with a tentative listing date fixed as Sep 16, 2026. Kanohar Electricals IPO is set issue price band at ₹601 to ₹632 per share. The lot size for an application is 23 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,536 (23 shares) (based on upper price). Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
1,67,04,750
Issue Size
₹1,056 Cr
Price Band
₹601 – ₹632
Lot Size
23 shares
Min. Investment
₹14,536
Max. Investment
₹1,88,968
Open Date
08 Sep, 2026
Close Date
10 Sep, 2026
Allotment
11 Sep, 2026
Listing
16 Sep, 2026
Max. Investment
₹1,88,968
Announced
08 Sep, 2026
Opening Date
08 Sep, 2026
Closing Date
10 Sep, 2026
Basis of Allotment
11 Sep, 2026
Initiation of Refunds
15 Sep, 2026
Credit of Shares
15 Sep, 2026
Listing Date
16 Sep, 2026
Live GMP
Est. Listing: ₹792
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About Kanohar Electricals IPO
Incorporated in 1972, Kanohar Electricals Limited is engaged in the manufacturing of transformers in India. The Company caters to industries such as power transmission, railways, renewable energy and power distribution.
The Company operates through two business segments: (i) transformer manufacturing and (ii) engineering, procurement and construction (EPC). It is one of four manufacturers in India certified by the Research Designs and Standards Organisation (RDSO), the research and deve
Kanohar Electricals IPO Share Price
Issue Breakdown
Shareholding
Dilution: 6.4% increase in shares
Kanohar Electricals IPO Financial Health
Kanohar Electricals Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 99% between the financial year ending with March 31, 2026 and March 31, 2025.
Kanohar Electricals IPO Lot Size
Investors can bid for a minimum of 23 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,536 |
| Retail (Max) | 13 | 299 | ₹1,88,968 |
| S-HNI (Min) | 14 | 322 | ₹2,03,504 |
| S-HNI (Max) | 68 | 1564 | ₹9,88,448 |
| B-HNI (Min) | 69 | 1587 | ₹10,02,984 |
(All values in CR)
Kanohar Electricals IPO Valuations
| Metric | Value |
|---|---|
| ROE | 42.12 |
| ROCE | 70.13 |
| Debt/Equity | 0.10 |
| RoNW | 34.80 |
| PAT Margin | 19.57 |
| EBITDA Margin | 27.59 |
| NAV | 50.09 |
| Price to Book Value | 12.62 |
(All values in CR)
Kanohar Electricals IPO Strength & Risk
Kanohar Electricals IPO Strength
- Established transformer manufacturer with more than five decades of industry experience
- Strong order book of over ₹1,800 crore, providing revenue visibility
- Specialized certifications for high-capacity and railway traction transformers create entry barriers
- Presence across power transmission, railways, renewable energy and other high-growth sectors
- Integrated manufacturing and EPC capabilities
- Strong recent growth in revenue and profitability
- Low leverage and a healthy financial risk profile
- In-house manufacturing facilities with substantial transformer capacity
Kanohar Electricals IPO Risk
- High customer concentration, with the top 10 customers contributing over 93% of FY2026 revenue
- Significant dependence on government and utility tenders
- Failure to qualify for or win tenders could affect the order book
- Exposure to volatility in copper and CRGO steel prices
- Manufacturing operations are concentrated in Meerut, creating geographical concentration risk
- Working-capital-intensive business could put pressure on cash flows
Kanohar Electricals IPO GMP
Kanohar Electricals IPO last GMP is ₹160, last updated Sep 3rd 2026 05:36 PM. With the upper price band of ₹632.00, Kanohar Electricals IPO's estimated listing price is ₹792 (cap price + today's GMP). The expected percentage gain/loss per share is 25.32%. >> Kanohar Electricals IPO Retail Subject to Sauda: ₹2800 >> Kanohar Electricals IPO Small HNI Subject to Sauda: ₹39200 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹160.00.
Last updated 03 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 03 Sep, 2026 | 632 | ₹160▲ | - | ₹792 (25.32%) | 3680 | 03 Sep, 2026 |
| 02 Sep, 2026 | 0 | ₹0 | - | ₹ (0.00%) | - | 02 Sep, 2026 |
| 01 Sep, 2026 | 0 | ₹0 | - | ₹ (0.00%) | - | 01 Sep, 2026 |
| 31 Aug, 2026 | 0 | ₹0 | - | ₹ (%) | - | 31 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Kanohar Electricals IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Kanohar Electricals IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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