BY THE NUMBERS.
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
WHO GETS WHICH SEATS.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
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 2024-25 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. Figures of the Company are derived from Restated Financial Information for the year ended March 31, 2025. P/E ratio has been calculated as closing price as on January 2, 2026 divided by basic EPS as on March 31, 2025 for listed peers. P/B ratio has been calculated as closing price as on January 2, 2026 divided by book value per share as on March 31, 2025 for listed peers. Book value per share is calculated by dividing the net worth as on March 31, 2025 by outstanding number of equity shares. Net worth means the aggregate value of the paid up share capital of the respective company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet, but does not include reserves created out of revaluation of assets, capital reserve, foreign currency translation reserve, write-back of depreciation as at period /year end., Figures for net worth of the Company have been derived from as per the Restated Financial Information. Figures for calculating the net worth of listed peers have been taken from published annual reports as available on NSE (at www.nseindia.com) for the financial year ended March 31, 2025. Return on Net Worth (%) = Net profit after tax, as restated / Net worth as restated as at period/year end. Net Asset Value per equity share represents net worth as at the end of the financial year, as restated, divided by the number of equity shares outstanding at the end of the period/year, adjusted for split/bonus, as applicable. EV/Operating EBIDTA is calculated as EV divided by the Operating EBITDA, where (1) EV = Sum of market capitalisation and total debt less cash and cash equivalents. Market capitalisation is calculated on closing price of peer set on January 2, 2026 multiplied by closing number of shares as on March 31, 2025. Total debt includes long term and short-term borrowings. Figures for total debt and cash and cash equivalents have been taken from published annual reports as available on NSE (at www.nseindia.com) for the financial year ended March 31, 2025, and (2) Operating EBITDA = Gross profit reduced by employee benefit expenses and other expenses. Gross profit is calculated as revenue from operations reduced by COGS. COGS is calculated as sum of cost of material consumed, purchase of stock in trade and changes in inventories. Figures for Operating EBITDA have been taken from published annual reports as available on the website of NSE for the financial year ended March 31, 2025.
WHAT THE MONEY IS FOR.
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.
ON THE ROSTER.
COMMON QUESTIONS.
What is the Kanohar Electricals IPO price band?+
The price band for the Kanohar Electricals IPO has not been announced yet. It is set by the company and its bankers and stated in the offer document.
Where will Kanohar Electricals be listed?+
Kanohar Electricals is proposed for listing on NSE, BSE. It is a mainboard issue.
What is the difference between the fresh issue and the offer for sale in the Kanohar Electricals IPO?+
Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.
Who is the registrar for the Kanohar Electricals IPO?+
The registrar to the issue is MUFG Intime India Pvt.Ltd. (022-49186000), kanoharelectricals.ipo@in.mpms.
Where can I check the Kanohar Electricals IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.