Kanohar Electricals
LIVEIPO Date: 8 Sept - 10 Sept 2026
Listing Date: 16 Sept 2026
Price Range
Rs.601 - Rs.632
Issue Size
1056 Cr
Min Investment
₹13,823
Min Application
23 Shares
Schedule of Kanohar Electricals
Issue open date
8 Sept 2026
Issue close date
10 Sept 2026
UPI mandate deadline
10 Sept 2026 (5 PM)
Allotment finalization
11 Sept 2026
Share credit
15 Sept 2026
Listing date
16 Sept 2026
Mandate end date
25 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 1056 Cr |
| Fresh Issue | 300 Cr |
| Offer for Sale | 755.74 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 11 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 9 Sept 2026Latest | ₹632 | ₹223 | ₹855(+35.28%) |
| 7 Sept 2026 | ₹632 | ₹196 | ₹828(+31.01%) |
| 6 Sept 2026 | ₹632 | ₹205 | ₹837(+32.44%) |
| 5 Sept 2026 | ₹632 | ₹190 | ₹822(+30.06%) |
| 4 Sept 2026 | ₹632 | ₹205 | ₹837(+32.44%) |
| 3 Sept 2026 | ₹632 | ₹200 | ₹832(+31.65%) |
| 2 Sept 2026 | ₹632 | ₹0 | ₹632(0%) |
| 1 Sept 2026 | ₹632 | ₹0 | ₹632(0%) |
| 31 Aug 2026 | ₹632 | ₹0 | ₹632(0%) |
Performance Kanohar Electricals
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.601 - Rs.632 | .... | .... | .... |
About Kanohar Electricals
Kanohar Electricals Limited is a company engaged in transformer manufacturing and engineering, procurement and construction (EPC) activities in the power transmission and distribution sector. Its transformer manufacturing business covers transformers used in power transmission, railways, renewable energy, and power distribution. As of March 31, 2026, the company had short circuit test certification for 500 MVA 400 kV transformers and had conducted short circuit testing for more than 200 ratings. It is also certified by the Research Designs and Standards Organisation (RDSO) to manufacture 100 MVA 132 kV Scott transformers and is certified to manufacture 100 MVA 220 kV Scott transformers for railway electrification. Through its EPC business, the company undertakes turnkey installation of air and gas-insulated substations, bay augmentation of existing substations up to 400 kV, and transmission lines across 132 kV, 220 kV, and 400 kV. Its EPC activities include design, engineering, procurement, supply, erection, testing, and commissioning of electrical infrastructure.
| Founded in | 1972 |
| Managing director | Mr Dinesh Singhal |
| Parent organization |
Financial Overview
Strengths
5- 1
Strong order book standing at ₹1818.32 crores as of March 31, 2026.
- 2
Proven track record of executing large-scale turnkey EPC projects for government entities.
- 3
Comprehensive in-house manufacturing capabilities at the Rithani and Gangol facilities.
- 4
Specialized product portfolio catering to high-growth sectors like railways and renewable energy.
- 5
Successful development and short-circuit testing of advanced 500 MVA and Scott transformers
Risks
5- 1
High customer concentration with the top 10 clients contributing 93.16% of total revenue.
- 2
Heavy reliance on government tenders exposes the business to disqualification and blacklisting risks.
- 3
Business operations are geographically concentrated around the Meerut manufacturing facilities.
- 4
The absence of long-term contracts with raw material suppliers exposes the company to pricing volatility.
- 5
History of negative cash flows from operating, investing, and financing activities.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 6.5 |
| Non-Institutional Investors (NIIs) | 19.22 |
| Retail Individual Investors (RIIs) | 8.49 |
| Employee | N/A |
| Total | 10.22 |