What is the GMP of Kanohar Electricals IPO today?

The Grey Market Premium (GMP) for Kanohar Electricals IPO is currently ₹192. With an upper price band of ₹632, the estimated listing price is ₹824 per share, reflecting an expected listing gain of ~30.38%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Kanohar Electricals IPO?

The price band for Kanohar Electricals IPO is ₹601 to ₹632 per equity share. The minimum lot size is 23 shares, which requires a minimum retail application investment of ₹14,536.

What are the important dates for Kanohar Electricals IPO?

Kanohar Electricals IPO opens for subscription on 2026-09-08T00:00:00 and closes on 2026-09-10T00:00:00. The basis of allotment is scheduled for 2026-09-11T00:00:00, and shares are expected to list on 2026-09-16T00:00:00 on BSE, NSE.

How can I check the allotment status for Kanohar Electricals IPO?

You can check Kanohar Electricals IPO allotment status on the registrar's official portal (MUFG Intime India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Kanohar Electricals IPO?

Investors can apply for Kanohar Electricals IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Kanohar Electricals IPO open and close?

The IPO opens on 8 Sept 2026, and closes on 10 Sept 2026.

What is Kanohar Electricals IPO price band?

The issue price band is ₹601.00 to ₹632.00 per equity share.

What is the Kanohar Electricals IPO lot size?

The minimum lot size is 23 shares per application.

What is the Kanohar Electricals IPO allotment date?

The allotment is scheduled on 11 Sept 2026.

Kanohar Electricals IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

1056.00 Cr

Price Band

₹601.00 - ₹632.00

Lot Size

23 Shares

Min Investment

₹14,536

GMP

₹192

Subscription

90.59x

₹66,948.19 Cr

08 Sept 2026

IPO Opens

COMPLETED

10 Sept 2026

IPO Closes

COMPLETED

11 Sept 2026

Basis of Allotment

COMPLETED

15 Sept 2026

Refunds

COMPLETED

15 Sept 2026

Demat Credit

COMPLETED

16 Sept 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

08 Sept 2026

IPO ClosesDONE

10 Sept 2026

Basis of AllotmentDONE

11 Sept 2026

RefundsDONE

15 Sept 2026

Demat CreditDONE

15 Sept 2026

ListingDONE

16 Sept 2026

About Kanohar Electricals IPO

Kanohar Electricals IPO open date is September 8, 2026 and the IPO will close on September 10, 2026. Kanohar Electricals IPO is a Book build Issue. The company to raise around ₹1,055.74 crores via IPO that comprises fresh issue of ₹300 crores and offer for sale up to 1,19,57,915 equity shares with face value of ₹2 each.

Kanohar Electricals IPO price band is ₹601 to ₹632 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Kanohar Electricals IPO to list on BSE, NSE on September 16, 2026. The allotment of Kanohar Electricals IPO date is September 11, 2026.

The company reported revenue of ₹662.86 crores in 2026 against ₹457.30 crores in 2025. The company reported profit of ₹129.73 crores in 2026 against profit of ₹65.12 crores in 2025.

IPO Details

Kanohar Electricals IPO Details and Specifications
IPO Date	08 Sept 2026 to 10 Sept 2026
Face Value	₹2 Per Share
Price Band	₹601.00 - ₹632.00
Lot Size	23 Shares
Total Issue Size	Approx 1056.00 Cr 1,67,04,750 Equity Shares
Fresh Issue	Approx 300.00 Cr 47,46,835 Equity Shares
Offer for Sale	Approx 756.00 Cr 1,19,57,915 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	16 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹66,948.19 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	83,52,374	50.00%
- Anchor	50,11,424	30.00%
- QIB (Ex. Anchor)	33,40,950	20.00%
NII	25,05,713	15.00%
- bNII > ₹10L	16,70,476	10.00%
- sNII < ₹10L	8,35,237	5.00%
Retail	58,46,663	35.00%
Total	1,67,04,750	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	23	₹14,536
Individual investors (Retail) (Max)	13	299	₹1,88,968
S-HNI (Min)	14	322	₹2,03,504
S-HNI (Max)	68	1,564	₹9,88,448
B-HNI (Min)	69	1,587	₹10,02,984

About Company

Kanohar Electrical Ltd is one of the leading companies in transformer manufacturing in India, catering to a diverse range of end-user industries, including power transmission, railways, renewable energy, and power distribution. The Company operates across two principal business segments (i) transformer manufacturing and (ii) engineering, procurement and construction (EPC) services. It is among the four manufacturers in India certified by the Research Designs and Standards Organisation (RDSO), the research and development organisation of Indian Railways, for the manufacture of 100 MVA, 132 kV Scott transformers.

Contact Details

Kanohar Electricals Ltd.

Rithani,

Delhi Road

Meerut, Uttar Pradesh, 250103

121-3500801-05

compliance@kanohar.com

Visit Website

Registrar

MUFG Intime India Pvt Ltd

022-49186000

kanoharelectricals.ipo@in.mpms

Lead Managers

IIFL Capital Services Ltd

Nuvama Wealth Management Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
16-Sep-2026 06:00 PM	+₹192	₹824	+30.38%	₹4,416
15-Sep-2026 06:00 PM	+₹241	₹873	+38.13%	₹5,543
14-Sep-2026 06:00 PM	+₹241	₹873	+38.13%	₹5,543
12-Sep-2026 06:00 PM	+₹236	₹868	+37.34%	₹5,428
11-Sep-2026 06:00 PM	+₹236	₹868	+37.34%	₹5,428
10-Sep-2026 06:00 PM	+₹224	₹856	+35.44%	₹5,152
09-Sep-2026 06:00 PM	+₹218	₹850	+34.49%	₹5,014
08-Sep-2026 06:00 PM	+₹210	₹842	+33.23%	₹4,830
07-Sep-2026 06:00 PM	+₹205	₹837	+32.44%	₹4,715
04-Sep-2026 06:00 PM	+₹200	₹832	+31.65%	₹4,600
03-Sep-2026 06:00 PM	+₹150	₹782	+23.73%	₹3,450
02-Sep-2026 06:00 PM	+₹0	₹632	+0.00%	₹0
01-Sep-2026 06:00 PM	+₹0	₹632	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	215.37x	33,40,950	71,95,40,402	₹45,474.95 Cr
NII	87.74x	25,05,713	21,98,51,271	₹13,894.60 Cr
bNII > ₹10L	94.04x	16,70,476	15,70,91,563	₹9,928.19 Cr
sNII < ₹10L	75.14x	8,35,237	6,27,59,708	₹3,966.41 Cr
Retail	20.51x	58,46,663	11,99,15,058	₹7,578.63 Cr
Total	90.59x	1,16,93,326	1,05,93,06,731	₹66,948.19 Cr

Objects of the Issue

01 Funding the capital expenditure requirements of Company : 64.18 Cr
02 Funding the incremental working capital requirements of Company : 155.00 Cr
03 General Corporate Purposes : 55.50 Cr
04 Issue Expenses : 65.25 Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	662.86	457.30	281.12
Profit After Tax	129.73	65.12	17.76
EBITDA	180.42	93.39	31.07
NET Worth	372.84	243.13	178.12
Reserves and Surplus	357.95	239.12	174.11
Total Borrowing	39.04	32.27	42.08

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	₹70.13
Debt/Equity Ratio	0.10
Return on Net Worth (RoNW)	₹34.80
PAT Margin	₹19.57
EBITDA Margin	₹27.59
Net Asset Value (NAV)	₹50.09
Earning Per Share (EPS)	₹17.43 (Basic)
Price/Earning P/E Ratio	N/A

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
GE Vernova T&D India Limited	48.16	89.37	42.87	45.85	6,206.31
Transformers & Rectifiers (India) Limited	9.07	32.19	51.39	17.64	2,508.80
CG Power and Industrial Solutions Limited	7.72	114.77	48.11	15.82	12,417.95
Schneider Electric Infrastructure Limited	8.89	155.12	30.67	28.98	2,890.63
Bharat Heavy Electricals Limited	4.60	91.30	74.99	6.13	33,782.18
Hitachi Energy India Limited	221.63	159.55	1,161.56	19.08	8,147.71

Promoters and Holding Pattern

Dinesh Singhal, Adesh Singhal, Vivek Singhal,Abhishek Singhal, Virat Singhal, Aditya Singhal is the company's promoter of Kanohar Electricals.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	95.47%	74.65%
Others*	4.53%	25.35%

Strengths

Kanohar Electricals is one of the leading manufacturers of transformers across various capacities ranging from 132 kV to 400 kV, and serves high-growth industries.
The firm has passed short-circuit testing of transformers up to 500 MVA 400 kV, which allows it to win large, high-value contracts.
The company’s order book increased from ₹595.85 crore in FY24 to ₹1,818.32 crore in FY2026.
In FY26, the revenue grew at a 53.72% CAGR to ₹653.84 crore from ₹276.69 crore in FY24. EBITDA also grew at a 140.96% CAGR to ₹180.42 crore from ₹31.07 crore in the same year.

Risks

In FY26, about 83% of the company’s revenue is derived from the manufacturing of transformers. Any decline in the demand for transformers can negatively affect the business and cash flow.
Around 93.16% of Kanohar's revenue comes from the top 10 customers in FY26. Any decrease in the demand for transformers from these top customers can adversely impact the overall business and financial condition.
The business requires high working capital to operate its daily operations. Unable to receive enough funds to run its business, or not able to get loans at reasonable interest rates, can impact future business growth.

Frequently Asked Questions (FAQ)

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About Kanohar Electricals IPO

The company reported revenue of ₹662.86 crores in 2026 against ₹457.30 crores in 2025. The company reported profit of ₹129.73 crores in 2026 against profit of ₹65.12 crores in 2025.

IPO Details

Kanohar Electricals IPO Details and Specifications
IPO Date	08 Sept 2026 to 10 Sept 2026
Face Value	₹2 Per Share
Price Band	₹601.00 - ₹632.00
Lot Size	23 Shares
Total Issue Size	Approx 1056.00 Cr 1,67,04,750 Equity Shares
Fresh Issue	Approx 300.00 Cr 47,46,835 Equity Shares
Offer for Sale	Approx 756.00 Cr 1,19,57,915 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	16 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹66,948.19 Cr

Investor Category

Shares Offered

% Net Issue

QIB

83,52,374

50.00%

- Anchor

50,11,424

30.00%

- QIB (Ex. Anchor)

33,40,950

20.00%

NII

25,05,713

15.00%

- bNII > ₹10L

16,70,476

10.00%

- sNII < ₹10L

8,35,237

5.00%

Retail

58,46,663

35.00%

Total

1,67,04,750

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

₹14,536

Individual investors (Retail) (Max)

299

₹1,88,968

S-HNI (Min)

322

₹2,03,504

S-HNI (Max)

1,564

₹9,88,448

B-HNI (Min)

1,587

₹10,02,984

About Company

Contact Details

Kanohar Electricals Ltd.

Rithani,

Delhi Road

Meerut, Uttar Pradesh, 250103

121-3500801-05

compliance@kanohar.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

16-Sep-2026 06:00 PM

+₹192

₹824

+30.38%

₹4,416

15-Sep-2026 06:00 PM

+₹241

₹873

+38.13%

₹5,543

14-Sep-2026 06:00 PM

+₹241

₹873

+38.13%

₹5,543

12-Sep-2026 06:00 PM

+₹236

₹868

+37.34%

₹5,428

11-Sep-2026 06:00 PM

+₹236

₹868

+37.34%

₹5,428

10-Sep-2026 06:00 PM

+₹224

₹856

+35.44%

₹5,152

09-Sep-2026 06:00 PM

+₹218

₹850

+34.49%

₹5,014

08-Sep-2026 06:00 PM

+₹210

₹842

+33.23%

₹4,830

07-Sep-2026 06:00 PM

+₹205

₹837

+32.44%

₹4,715

04-Sep-2026 06:00 PM

+₹200

₹832

+31.65%

₹4,600

03-Sep-2026 06:00 PM

+₹150

₹782

+23.73%

₹3,450

02-Sep-2026 06:00 PM

+₹0

₹632

+0.00%

₹0

01-Sep-2026 06:00 PM

+₹0

₹632

+0.00%

₹0

Kanohar Electricals IPO Details

About Kanohar Electricals IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Kanohar Electricals IPO open and close?

What is Kanohar Electricals IPO price band?

What is the Kanohar Electricals IPO lot size?

What is the Kanohar Electricals IPO allotment date?

What is the Kanohar Electricals IPO listing date?

What is the minimum investment required in Kanohar Electricals IPO?

Join the discussion

Kanohar Electricals IPO Details

About Kanohar Electricals IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Kanohar Electricals IPO open and close?

What is Kanohar Electricals IPO price band?

What is the Kanohar Electricals IPO lot size?

What is the Kanohar Electricals IPO allotment date?

What is the Kanohar Electricals IPO listing date?

What is the minimum investment required in Kanohar Electricals IPO?

Join the discussion