Kanohar Electricals Limited IPO
8 Sept 2026 – 10 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹1,037
- H
- ₹1,047.6
- L
- ₹915
- C
- ₹942.5
14 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹601 – ₹632
- Lot Size
- 23 shares
- Min Investment
- ₹14,536 (1 lot · 23 shares)
- Face Value
- ₹2
- Fresh Issue
- ₹300 Cr (to the company)
- Offer for Sale
- 1,19,57,915 shares (to selling holders)
- Issue Size
- Initial public offer of comprising a fresh issue of aggregating up to Rs. 3,000 million and offer for sale up to 11,957,915 equity shares (Including Anchor Portion of 50,11,424 Equity shares)
- Registrar
- MUFG Intime India Private Limited ↗
Timetable
GMP History
Latest GMP ₹192 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 15 Sept | ₹192 | +30.4% | −₹48 | ₹824 | |
| 14 Sept | ₹240 | +38.0% | −₹1 | ₹872 | |
| 13 Sept | ₹241 | +38.1% | +₹1 | ₹873 | |
| 12 Sept | ₹240 | +38.0% | — | ₹872 | |
| 11 Sept | ₹240 | +38.0% | — | ₹872 | |
| 10 Sept | ₹240 | +38.0% | +₹17 | ₹872 | |
| 9 Sept | ₹223 | +35.3% | +₹5 | ₹855 | |
| 8 Sept | ₹218 | +34.5% | +₹20 | ₹850 | |
| 7 Sept | ₹198 | +31.3% | −₹7 | ₹830 | |
| 6 Sept | ₹205 | +32.4% | +₹5 | ₹837 | |
| 5 Sept | ₹200 | +31.6% | −₹5 | ₹832 | |
| 4 Sept | ₹205 | +32.4% | +₹5 | ₹837 | |
| 3 Sept | ₹200 | +31.6% | — | ₹832 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 33,40,95028.6% | 53,06,81,668 | 158.84x |
| NII / HNI | 25,05,71321.4% | 19,64,99,879 | 78.42x |
| bNII · bids above ₹10L | 16,70,47614.3% | 14,46,37,593 | 86.58x |
| sNII · bids ₹2L–₹10L | 8,35,2377.1% | 5,18,62,286 | 62.09x |
| Retail | 58,46,66350.0% | 8,59,11,624 | 14.69x |
Bids received on NSE, as at 10-Sep-2026 19:00:45 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 10 Sept | — | — | — | 69.53x |
| 9 Sept | 6.50x | 19.22x | 8.49x | 10.22x |
| 8 Sept | 0.03x | 4.87x | 3.29x | 2.70x |
Financials
All values in ₹ crore
About Kanohar Electricals
Incorporated in 1972 , engaged in the manufacturing of power and distribution transformers. Operates through two business segments: Transformer Manufacturing and EPC Services . Serves industries including power transmission, power distribution, railways, renewable energy, and industrial infrastructure . Among the select Indian manufacturers certified by RDSO for manufacturing 100 MVA, 132 kV Scott Transformers for Indian Railways. Operates two manufacturing facilities located in Meerut, Uttar Pradesh. Aggregate transformer manufacturing capacity of 19,200 MVA as of September 30, 2025. Maintains a pan-India presence through five regional offices in Delhi, Mumbai, Kolkata, Bengaluru, and Chennai. Workforce of over 497 employees as of September 30, 2025. Serves a diversified customer base across multiple sectors throughout India. Over five decades of experience in the transformer and power infrastructure industry.
As published in the company's own offer documents.
Lead Managers
- Nuvama Wealth Management Limited
- IIFL Capital Services Limited (Formerly known as IIFL Securities Limited)
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 23 | ₹14,536 |
| Retail (max)most that stays under ₹2L | 13 | 299 | ₹1,88,968 |
| S-HNI (min)first bid over ₹2L | 14 | 322 | ₹2,03,504 |
| S-HNI (max)most that stays under ₹10L | 68 | 1,564 | ₹9,88,448 |
| B-HNI (min)first bid over ₹10L | 69 | 1,587 | ₹10,02,984 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 23 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 1,16,93,315 Equity Shares in multiple of 23 Equity Shares
- Max Bid (NII)
- 83,52,358 Equity Shares in multiple of 23 Equity Shares
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 10-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Axis Bank Limited and ICICI Bank Limited
Registrar
- Name
- MUFG Intime India Private Limited
- Address
- C-101, Embassy 247 L.B.S. Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India
- Contact
- Shanti Gopalkrishnan, +91 810 811 4949, kanoharelectricals.ipo@in.mpms.mufg.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Kanohar Electricals Limited IPO today?
The latest grey market premium for Kanohar Electricals Limited IPO is ₹192. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Kanohar Electricals Limited IPO?
The price band is ₹601 – ₹632, with a lot size of 23 shares. The minimum investment is ₹14,536.
When does Kanohar Electricals Limited IPO open and close?
The issue opens on 8 Sept 2026 and closes on 10 Sept 2026. Listing is expected on 16 Sept 2026.
Who is the registrar for Kanohar Electricals Limited IPO?
MUFG Intime India Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.