Kanohar Electricals IPO: dates, price band, lot size and GMP
Kanohar Electricals IPO listed on 16 Sep at ₹686 (NSE, BSE). Issue dates 8 – 10 Sep 2026, price band ₹601 – ₹632, lot 23 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Kanohar Electricals listed on 16 Sep 2026 on NSE, BSE at ₹685.50, +₹53.50 (+8.5%) against the ₹632 upper band. Kanohar Electricals IPO listing date, price and gain · Recently listed IPOs
Updated 18 Oct 2026, 08:02 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Kanohar Electricals IPO has a price band of ₹601 – ₹632, a lot of 23 shares and no grey-market premium reported yet as of 18 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 8 – 10 Sep 2026 |
| Price band | ₹601 – ₹632 |
| Lot size | 23 shares |
| Issue size | ₹1,055.74 Cr |
| Fresh issue | ₹300 Cr |
| Offer for sale | ₹755.74 Cr |
| Subscription | 90.59x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | Nuvama Wealth Management Ltd., IIFL Capital Services Ltd. |
| Status | Listed |
Timeline
- Issue opens: 8 Sep
- Issue closes: 10 Sep
- Allotment: 11 Sep
- Refunds: 15 Sep
- Demat credit: 15 Sep
- Listing: 16 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 215.37x |
| NII | 87.74x |
| sNII | 75.14x |
| bNII | 94.04x |
| Retail | 20.51x |
| Total | 90.59x |
Last updated 10 Sep 2026, 6:55 PM IST.
Issue details
| Face value | ₹2 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹5,004.61 Cr |
| P/E (pre-issue) | 36.26x |
| P/E (post-issue) | 38.58x |
| Fresh issue (shares) | 47,46,835 |
| Offer for sale (shares) | 1,19,57,915 |
| Total shares offered | 1,67,04,750 |
| Promoter holding pre-issue | 95.47% |
| Promoter holding post-issue | 74.65% |
| Promoters | Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal, Aditya Singhal |
| Lead managers | Nuvama Wealth Management Ltd., IIFL Capital Services Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | kanoharelectricals.ipo@in.mpms |
| Company website | kanohar.com |
| Anchor bid date | 7 Sep 2026 |
| Anchor lock-in ends (50%) | 11 Oct 2026 |
| Anchor lock-in ends (remaining) | 10 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 23 | ₹14,536 |
| Retail (maximum) | 14 | 322 | ₹2,03,504 |
| sNII (minimum) | 14 | 322 | ₹2,03,504 |
| bNII (minimum) | 69 | 1,587 | ₹10,02,984 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 50,11,424 | |
| QIB | 20% | 33,40,950 | Not more than 50% of the Net Offer |
| NII (HNI) | 15% | 25,05,713 | Not less than 15% of the Net Offer |
| sNII | 5% | 8,35,237 | |
| bNII | 10% | 16,70,476 | |
| Retail | 35% | 58,46,663 | Not less than 35% of the Net Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 8 Sep | 0.03x | 4.90x | 6.51x | 4.09x | 3.36x | 2.73x |
| Day 2 · 9 Sep | 6.50x | 19.22x | 21.84x | 17.91x | 8.49x | 10.22x |
| Day 3 · 10 Sep | 215.37x | 87.74x | 75.14x | 94.04x | 20.51x | 90.59x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹17.43 |
|---|---|
| EPS (post-issue) | ₹16.38 |
| P/E (pre-issue) | 36.26x |
| P/E (post-issue) | 38.58x |
| RoNW | 26.78% |
| RoCE | 47.61% |
| RoE | 30.92% |
| PAT margin | 14.24% |
| EBITDA margin | 20.73% |
| Price / book | 19.35x |
| NAV per share | ₹32.66 |
| Debt / equity | 0.13 |
| Market cap (upper band) | ₹5,004.61 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 613.93 | 432.07 | 322.86 | +42.1% |
| Total Income | 662.86 | 457.3 | 281.12 | +45% |
| Profit After Tax | 129.73 | 65.12 | 17.76 | +99.2% |
| EBITDA | 180.42 | 93.39 | 31.07 | +93.2% |
| NET Worth | 372.84 | 243.13 | 178.12 | +53.4% |
| Reserves and Surplus | 357.95 | 239.12 | 174.11 | +49.7% |
| Total Borrowing | 39.04 | 32.27 | 42.08 | +21% |
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.
Objects of the issue
- Funding the capital expenditure requirements of Company — ₹64.18 Cr
- Funding the incremental working capital requirements of Company — ₹155 Cr
- General Corporate Purposes — ₹55.5 Cr
- Issue Expenses — ₹65.25 Cr
Net proceeds: ₹339.93 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kanohar Electricals (issuer) | 17.43 | 17.43 | 50.09 | — | 34.8% | — | Consolidated |
| Hitachi Energy India | 221.63 | 221.63 | 1,161.56 | 159.55x | 19.08% | 30.44 | Consolidated |
| Bharat Heavy Electricals | 4.6 | 4.6 | 74.99 | 91.3x | 6.13% | 5.6 | Consolidated |
| Schneider Electric Infrastructure | 8.89 | 8.89 | 30.67 | 155.12x | 28.98% | 44.96 | Consolidated |
| CG Power and Industrial Solutions | 7.72 | 7.71 | 48.11 | 114.77x | 15.82% | 18.42 | Consolidated |
| Transformers & Rectifiers (India) | 9.07 | 9.07 | 51.39 | 32.19x | 17.64% | 5.68 | Consolidated |
| GE Vernova T&D India | 48.16 | 48.16 | 42.87 | 89.37x | 45.85% | 100.4 | Consolidated |
Notes: Figures for listed peers have been provided by the Company. ICA have verified the numbers from the published financials of the respective company for FY 2025-26 and calculated the mathematical accuracy for P/E, P/B, EPS (Basic), EPS (Diluted), RONW and NAV. The ICA has also placed their reliance on the CARE Report as produced before them by the Company to trace the information mentioned for the peers. The CARE Report is available on the website of the Company at https://www.kanohar.com/IPO .
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Kanohar Electricals IPO listing day: listed at ₹685.50 (+8.5% vs the upper band), 16 Sep 2026
- Kanohar Electricals IPO GMP today and trend
- Kanohar Electricals IPO subscription status, day by day
- Kanohar Electricals IPO allotment status and how to check
Frequently asked questions
When does the Kanohar Electricals IPO open and close?
The issue is scheduled for 8 – 10 Sep 2026.
What is the Kanohar Electricals IPO price band?
The price band is ₹601 – ₹632 per share with a lot size of 23 shares.
How big is the Kanohar Electricals IPO?
The total issue size is ₹1,055.74 Cr, of which ₹300 Cr is a fresh issue and ₹755.74 Cr an offer for sale.
When will Kanohar Electricals list?
The tentative listing date is 16 Sep on the main board.
How do I apply for the Kanohar Electricals IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Kanohar Electricals · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Kanohar Electricals · as filed · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 11 Sep · in.mpms.mufg.com
- NSE public issues page · listing 16 Sep · nseindia.com
- BSE public issues page · listing 16 Sep · bseindia.com
- Kanohar Electricals company website · kanohar.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 16 Sep, 04:03 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Kanohar Electricals IPO”, https://buyunlistedshares.com/ipo/kanohar-electricals-ipo, as of 18 Oct 2026.
Other IPOs on the calendar
- Zetwerk IPO · 15 – 19 Oct 2026
- Bonfiglioli Transmissions IPO · 15 – 19 Oct 2026
- Tonbo Imaging India IPO · 15 – 19 Oct 2026
- Shellz India IPO · 15 – 19 Oct 2026
- Sahajanand Medical Technologies IPO · 15 – 19 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
- Paras Healthcare IPO · 21 – 23 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 18 Oct 2026.
Our notes on this IPO
- Read our review: Kanohar Electricals IPO 2026: Business, Financials and Key Facts from the Offer Document
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
All unlisted shares · IPO calendar · Research & learning · Send an enquiry · Calculators · Jobs · About · Contact · Privacy · Terms · Disclaimer · Grievance redressal
Guides: Start investing · Evaluate a company · How prices are set · Risks · Lock-in periods · After the IPO · Sell ESOPs · NRI investors · Buybacks · Choosing a platform
BuyUnlistedShares (BUS) · Gayatri Financial Synergy LLP (LLPIN ACU-4678) · SCO-39, 1st Floor, HUDA Market, Sector-7, Faridabad, Haryana 121006 · +91 916-916-59-59
