Kanohar Electricals, a leading power-equipment manufacturing company, has submitted its DRHP to the market regulator, SEBI, with the aim of raising funds via an Initial Public Offering (IPO).
This IPO comprises both a fresh issue of ₹300 crore and an Offer-for-Sale of up to 1.45 crore shares by promoter K Sons Family Trust.
The company may plan to raise ₹60 crore through a pre-IPO placement. If they successfully plan to do so, ₹60 crore in funds will be deducted from the fresh issue.
The proceeds of ₹66.74 crore raised from the fresh issue will be utilized towards the purchase of new machinery and equipment, the construction and development of an office building, and improving sustainability efforts at the Gangol manufacturing facility. A fund of ₹130 crore will be used towards working capital requirements. Lastly, the remaining funds will be used for the company’s general corporate purposes.
Hitachi Energy India, Bharat Heavy Electricals, Schneider Electric Infrastructure, CG Power and Industrial Solutions, Transformers & Rectifiers, and GE Vernova T&D India are Kanohar Electricals’ major peer competitors.
Incorporated on 13 Nov 1972, Kanohar Electricals is one of the growing Indian power equipment companies that designs and manufactures power transformers to cater to industries like power utilities, railways, industry, and grid infrastructure.
The book-running lead manager of the issue is Nuvama Wealth Management and IIFL Capital Services.
Financially, for the six months ended 2025, the company reported a revenue of ₹165.5 crore and a profit of ₹30.6 crore.
While in FY25, the profit rose to ₹65.1 crore from ₹17.8 crore in the previous year. The revenue also increased to ₹450.6 crore from ₹276.7 crore.
The Equity shares of the IPO are proposed to be listed at BSE Limited and NSE Limited.
Kanohar Electricals IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Kanohar Electricals Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹306.97 | ₹283.29 | ₹16.81 |
| 2024 | ₹281.12 | ₹255.25 | ₹17.76 |
| 2025 | ₹457.30 | ₹369.50 | ₹65.12 |
| Sep 2025 | ₹170.63 | ₹128.98 | ₹30.67 |
Kanohar Electricals IPO Valuation – FY2025
Kanohar Electricals IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹8.75 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.78% |
| Net Asset Value (NAV): | ₹32.66 |
Peer Group Comparison
| Company | EPS | P/E ratio | RoNW % | NAV | Income |
| Hitachi Energy India Limited | 90.36 | 208.09 | 9.11 | 134.28 | 6,384.93 Cr. |
| Bharat Heavy Electricals Limited | 1.47 | 203.74 | 2.16 | 90.73 | 28,339.48 Cr. |
| Schneider Electric Infrastructure Limited | 11.2 | 64.04 | 51.43 | 45.25 | 2,636.71 Cr. |
| CG Power and Industrial Solutions Limited | 6.38 | 101.74 | 28.91 | 75.75 | 9,908.66 Cr. |
| Transformers & Rectifiers (India) Limited | 6.31 | 53.31 | 17.02 | 31.68 | 2,019.38 Cr. |
| GE Vernova T&D India Limited | 23.76 | 130.21 | 34.36 | 236.54 | 4,292.30 Cr. |
Objects of the Issue
- NA
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Ltd.
- IIFL Capital Services Ltd.
