Kanohar Electricals is a Mainboard IPO scheduled to open on 08 Sept 2026 and close on 10 Sept 2026, priced at ₹601 – ₹632 per share, minimum lot 23 shares (~₹14,536 for retail). Proposed listing on BSE, NSE on 16 Sept 2026.
About Kanohar Electricals
A transformer maker with roots going back to 1972, Kanohar Electricals builds power and distribution transformers for electricity utilities and industrial buyers. Its IPO totals about Rs 1,056 crore, of which roughly Rs 300 crore is fresh equity and the balance a sale of shares by existing owners, with a listing planned on the BSE and NSE.
Kanohar Electricals IPO Details
| IPO Type | Mainboard |
| Price Band | ₹601 – ₹632 per share |
| Lot Size | 23 shares · ~₹14,536 for retail |
| Grey Market Premium (GMP) | ₹150 (about 23.7% over the cap price) |
| Total Issue Size | ₹1055.74 crore |
| Listing At | BSE, NSE |
| Registrar | MUFG Intime India Pvt. Ltd. |
Kanohar Electricals IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 08 Sept 2026 |
| IPO Close Date | 10 Sept 2026 |
| Basis of Allotment | 11 Sept 2026 |
| Refund / UPI Mandate Release | 12 Sept 2026 |
| Credit of Shares to Demat | 12 Sept 2026 |
| Listing Date | 16 Sept 2026 |
Kanohar Electricals IPO Lot Size & Investment
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 23 | ₹14,536 |
| Retail (max) | 13 | 299 | ₹1,88,968 |
| S-HNI | 14 – 68 | 322 – 1,564 | ₹2,03,504 – ₹9,88,448 |
| B-HNI (min) | 69 | 1,587 | ₹10,02,984 |
Kanohar Electricals IPO Estimated Listing Price
At the current grey market premium of ₹150, Kanohar Electricals could list near ₹782 against the upper price of ₹632 — an implied gain of about 23.7%. This is a market estimate only; the real listing price is set by demand on listing day.
Kanohar Electricals IPO GMP Today & Day-wise Trend
Latest grey market premium: ₹150 (about 23.7% over the cap price).
| Date | GMP | Est. gain |
|---|---|---|
| 3 September | ₹150 | 23.73% |
GMP is unofficial and changes through the day; it is not endorsed by SEBI or the exchanges and should not be the only basis for a decision.
Kanohar Electricals — Strengths
- Strong order book standing at ₹1818.32 crores as of March 31, 2026.
- Proven track record of executing large-scale turnkey EPC projects for government entities.
- Comprehensive in-house manufacturing capabilities at the Rithani and Gangol facilities.
- Specialized product portfolio catering to high-growth sectors like railways and renewable energy.
- Successful development and short-circuit testing of advanced 500 MVA and Scott transformers
Kanohar Electricals — Risks
- High customer concentration with the top 10 clients contributing 93.16% of total revenue.
- Heavy reliance on government tenders exposes the business to disqualification and blacklisting risks.
- Business operations are geographically concentrated around the Meerut manufacturing facilities.
- The absence of long-term contracts with raw material suppliers exposes the company to pricing volatility.
- History of negative cash flows from operating, investing, and financing activities.
Kanohar Electricals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the net offer |
| NII (HNI) | Not less than 15% of the net offer |
| Retail | Not less than 35% of the net offer |
Kanohar Electricals IPO Prospectus
Read the offer document: Kanohar Electricals DRHP / RHP (PDF).
More on Kanohar Electricals IPO
- Kanohar Electricals IPO — live GMP, subscription & allotment status
- Kanohar Electricals IPO listing gain calculator
- All Mainboard IPOs
- Full IPO list with GMP
Allotment and listing-gain details will be published here once available. This article is for information only and is not investment advice. Read the RHP and consider your own risk profile before investing.
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