Kanohar Electricals Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

08 Sep 2026

Close Date

10 Sep 2026

Allotment

11 Sep 2026

Listing Date

16 Sep 2026

Exchange

NSE & BSE

Price Band

₹632

Listing Price

See chart

Allotment Status

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Price Band

₹632

Per share

Face Value

₹2 per share

Lot Size

23 Shares

per lot

Issue Size

1,67,04,750 shares (agg. up to ₹1,056 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,536

1 lot

Pre-IPO Holding

7,44,40,000 shares

Promoters

Post-IPO Holding

7,91,86,835 shares

Promoters

P/E (Pre)

36.26x

P/E (Post)

38.58x

EPS (Pre)

₹17.43

EPS (Post)

₹16.38

UPI Deadline

5:00 PM on 10 Sep 2026

Mandate

GMP

+₹240

+37.97% est.

Anchor AllotmentMon, 07 Sep 2026

Basis of AllotmentFri, 11 Sep 2026

Refund InitiationTue, 15 Sep 2026

Demat CreditTue, 15 Sep 2026

Listing DayWed, 16 Sep 2026

UPI Mandate Deadline5:00 PM on 10 Sep 2026

Sale TypeFresh capital cum OFS

Fresh Issue Shares47,46,835 shares (agg. up to ₹300 Cr)

Offer for Sale1,19,57,915 shares of ₹2 (agg. up to ₹756 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Kanohar Electricals Ltd IPO subscribed 63.60 times overall. Retail: 20.32x. QIB: 86.73x. NII: 87.52x. By 10 Sep 2026.

QIB

86.73x

Over

NII/HNI

87.52x

Over

Retail

20.32x

Over

Total

63.60x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 86.73x	8,352,374	—	₹527.87
NII / HNI	Over 87.52x	2,505,713	—	₹158.36
Retail	Over 20.32x	5,846,663	—	₹369.51
Total	63.60x	16,704,750	100%	₹1,055.74

IPO Shares Offered

Kanohar Electricals Ltd IPO total issue size: ₹1,055.74 Cr. Retail: ₹369.51 Cr. QIB: ₹527.87 Cr. NII: ₹158.36 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
QIB	8,352,374	₹527.87	50.00%
NII	2,505,713	₹158.36	15.00%
Retail	5,846,663	₹369.51	35.00%
Total	16,704,750	₹1,055.74	100.00%

* Based on upper price band ₹632 per share

Basis of Allotment

	QIB			NII			Retail	Total
	Ex. Anchor	Anchor	Total QIB	Below ₹10L	Above ₹10L	Total NII	Retail	Total
Allocation (shares)	—	—	—	—	—	2,505,713	5,846,663	8,352,376
Allotment price (₹)	632	632	632	632	632	632	632	632
No. of applications	—	—	—	—	—	—	—	—
No. of shares applied	—	—	—	—	—	—	—	—
Amount collected (₹Cr)	—	—	—	—	—	—	₹369.51	₹369.51
Times subscribed	86.73x	—	—	—	—	87.52x	20.32x	63.60x
Shares allotted	—	—	—	—	—	2,505,713	5,846,663	8,352,376
No. of allottees	—	—	—	—	—	—	—	—

* Upper price band ₹632 · ** Anchor allotment excluded from public shares

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹632.00

Upper Band

Min Investment

₹14,536

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	46	₹29,072
Retail (Max — 13 Lots)	13	299	₹188,968
S-HNI (Min — 14 Lots)	14	322	₹203,504
B-HNI (Min — 69 Lots)	69	1,587	₹1,002,984

* Issue Price ₹632 × Lot Size 23 shares

IPO Schedule

Anchor

07 Sep 2026

✓ Done

IPO Open

08 Sep 2026

✓ Done

IPO Close

10 Sep 2026

✓ Done

Allotment

11 Sep 2026

✓ Done

Refunds

15 Sep 2026

✓ Done

Demat Credit

15 Sep 2026

✓ Done

Listing Day

16 Sep 2026

✓ Done

₹632.00

INR · BSE

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Issue ₹632.00 GMP: +₹240 Live Price

About Kanohar Electricals Ltd

Incorporated in 1972, Kanohar Electricals Limited is engaged in the manufacturing of transformers in India. The Company caters to industries such as power transmission, railways, renewable energy and power distribution.The Company operates through two business segments: (i) transformer manufacturing and (ii) engineering, procurement and construction (EPC). It is one of four manufacturers in India certified by the Research Designs and Standards Organisation (RDSO), the research and development arm of Indian Railways, for manufacturing 100 MVA 132 kV Scott transformers.Kanohar Electricals Limited operates two manufacturing facilities in Rithani, Meerut, Uttar Pradesh (“Rithani Manufacturing Facility”) and Gangol, Meerut, Uttar Pradesh (“Gangol Manufacturing Facility” and collectively with Rithani Manufacturing Facility, “Manufacturing Facilities”) with an aggregate transformer manufacturing capacity of 19,200 MVA as on March 31, 2026.The Company has five regional offices located in NCT of Delhi, Mumbai, Maharashtra, Kolkata, West Bengal, Bangalore, Karnataka, and Chennai, Tamil Nadu, and a team of over 526 employees to cater to our customers across India.

Objects of the Issue

Funding the capital expenditure requirements of Company

Funding the incremental working capital requirements of Company

Kanohar Electricals Ltd Financials (Amount in ₹ Crore)

Revenue from Operations

₹281.1

31 Mar 2024

₹457.3

31 Mar 2025

₹662.9

31 Mar 2026

Profit After Tax (PAT)

₹17.8

31 Mar 2024

₹65.1

31 Mar 2025

₹129.7

31 Mar 2026

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Revenue from Operations	662.86	457.30	281.12
EBITDA	180.42	93.39	31.07
Profit After Tax (PAT)	129.73	65.12	17.76
Net Worth	372.84	243.13	178.12
Total Assets	613.93	432.07	322.86
Reserves & Surplus	357.95	239.12	174.11
Borrowings	39.04	32.27	42.08
EBITDA Margin (%)	27.59	—	—
PAT Margin (%)	19.57	—	—

P/BV Ratio

12.62

RoE

42.12

RoCE

70.13

RoNW

34.80

PAT Margin

19.57

EBITDA Margin

27.59

Debt/Equity

0.10

Issue Structure & Shareholding

Total Shares Offered1,67,04,750

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding7,44,40,000 shares

Post-Issue Promoter Holding7,91,86,835 shares

P/BV Ratio12.62

RoE42.12

RoCE70.13

Debt / Equity0.10

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd

022-49186000

kanoharelectricals.ipo@in.mpms

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Nuvama Wealth Management Ltd

IIFL Capital Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Kanohar Electricals Ltd IPO subscribed? ▲

Kanohar Electricals Ltd IPO is subscribed 63.60 times by Sep 10, 2026. Retail: 20.32x. QIB: 86.73x. NII: 87.52x.

Investor Category	Subscription
Qualified Institutional (QIB)	86.73x
Non Institutional (NII/HNI)	87.52x
Retail Individual	20.32x
Total Subscription	63.60x

What is Kanohar Electricals Ltd IPO retail subscription status? ▼

The Kanohar Electricals Ltd IPO retail category is subscribed 20.32 times as of 10 Sep 2026. The retail portion is oversubscribed.

How to subscribe Kanohar Electricals Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 08 Sep 2026 and closes 10 Sep 2026. Min investment: ₹14,536 (1 lot = 23 shares). UPI mandate: 5:00 PM on 10 Sep 2026.

How many times Kanohar Electricals Ltd IPO subscribed? ▼

The Kanohar Electricals Ltd IPO subscribed 63.60x overall. QIB: 86.73x, NII: 87.52x, Retail: 20.32x. Applications: from NSE/BSE.

How to check Kanohar Electricals Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 11 Sep 2026. Refunds: on 15 Sep 2026.

When Kanohar Electricals Ltd IPO will be listed? ▼

The Kanohar Electricals Ltd IPO listing date is 16 Sep 2026, Wednesday. Listed on: NSE & BSE. Issue price: ₹632. Estimated listing: ₹872. GMP: +₹240.

When Kanohar Electricals Ltd IPO close? ▼

The Kanohar Electricals Ltd IPO closes on 10 Sep 2026, Thursday. UPI mandate: 5:00 PM on 10 Sep 2026. Allotment: 11 Sep 2026. Listing: 16 Sep 2026.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹632.00

Change—

Issue Price₹632.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹632

Face Value₹2

Lot Size23 Sh

Min. Amount₹14,536

GMP+₹240

Est. Listing₹872

Subscribed63.60x

Open Date08 Sep 2026

Close Date10 Sep 2026

Allotment11 Sep 2026

Listing Date16 Sep 2026

ExchangeNSE & BSE

UPI Deadline5:00 PM on 10 Sep 2026