GMP IPO Watch
Kanohar Electricals IPO
Kanohar Electricals IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Kanohar Electricals IPO Details
Key facts at a glance| IPO Open Date | 7 September 2026 | IPO Close Date | 9 September 2026 |
|---|---|---|---|
| Basis of Allotment | 10 September 2026 | Listing Date | 15 September 2026 |
| Price Band | ₹601 - ₹632 per share | Face Value | ₹10 per share |
| Market Lot Size | 23 Shares | Min Investment (Retail) | ₹14,536 |
| Total Issue Size | ₹1,055.74 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹300 Cr | Offer for Sale (OFS) | ₹755.74 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | MUFG Intime India Pvt. Ltd. | ||
Kanohar Electricals IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 7 September 2026 | Confirmed |
| IPO Close Date | 9 September 2026 | Confirmed |
| Basis of Allotment | 10 September 2026 | Tentative |
| Initiation of Refunds | 15 September 2026 | Tentative |
| Credit of Shares to Demat | 15 September 2026 | Tentative |
| IPO Listing Date | 15 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 10 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Kanohar Electricals IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 23 Shares | ₹14,536 |
| Retail (Max) | 13 Lots | 299 Shares | ₹1,88,968 |
| S-HNI (Min) | 14 Lots | 322 Shares | ₹2,03,504 |
| S-HNI (Max) | 68 Lots | 1,564 Shares | ₹9,88,448 |
| B-HNI (Min) | 69 Lots | 1,587 Shares | ₹10,02,984 |
Kanohar Electricals IPO Live GMP & Movement History
Daily unofficial grey market trends₹192 +30.4%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 16 Sept 2026 | ₹192 | ₹824.00 | +30.38% |
| 10 Sept 2026 | ₹223 | ₹855.00 | +35.28% |
| 9 Sept 2026 | ₹218 | ₹850.00 | +34.49% |
| 8 Sept 2026 | ₹198 | ₹830.00 | +31.33% |
| 7 Sept 2026 | ₹205 | ₹837.00 | +32.44% |
| 6 Sept 2026 | ₹205 | ₹837.00 | +32.44% |
Kanohar Electricals IPO Subscription Status
Demand breakdown by investor categoryAbout Kanohar Electricals
Kanohar Electricals manufactures five custom transformer types (power, traction, Scott, shunt reactors, and distribution) across two Meerut facilities. Serving high-growth transmission, railway, and renewable sectors, it also provides turnkey substation and transmission line EPC solutions. Most revenue is driven by these core segments and secured through government and state utility tenders.
Key Strengths
- Strong order book standing at ₹1818.32 crores as of March 31, 2026.
- Proven track record of executing large-scale turnkey EPC projects for government entities.
- Comprehensive in-house manufacturing capabilities at the Rithani and Gangol facilities.
- Specialized product portfolio catering to high-growth sectors like railways and renewable energy.
- Successful development and short-circuit testing of advanced 500 MVA and Scott transformers
Key Risks
- High customer concentration with the top 10 clients contributing 93.16% of total revenue.
- Heavy reliance on government tenders exposes the business to disqualification and blacklisting risks.
- Business operations are geographically concentrated around the Meerut manufacturing facilities.
- The absence of long-term contracts with raw material suppliers exposes the company to pricing volatility.
- History of negative cash flows from operating, investing, and financing activities.
Kanohar Electricals IPO Reservation & Share Quotas
The Kanohar Electricals IPO reservation is divided among anchor investors, qualified institutional buyers (QIB), non-institutional investors (NII), and retail investors. Retail investors have been allocated 35% of the offered shares, while institutional investors receive a significant portion of the issue.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | 50,11,424 Shares | 30% |
| QIB (Ex. Anchor) | 33,40,950 Shares | 20% |
| NII Shares Offered | 25,05,713 Shares | 15% |
| Retail Shares Offered | 58,46,663 Shares | 35% |
Kanohar Electricals IPO Anchor Investors
The Kanohar Electricals IPO anchor investors portion was allocated ahead of the public issue. A total of 50,11,424 shares were offered to anchor investors, with the anchor bidding scheduled for September 7, 2026.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 7, 2026 |
| Anchor Investors List | |
| Shares Offered | 50,11,424 Shares |
| Anchor Size | ₹316.72 Cr. |
| Lock-in End Date – 50% Shares (30 Days) | October 11, 2026 |
| Lock-in End Date – 50% Shares (90 Days) | December 10, 2026 |
Kanohar Electricals IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 08 Sept 2026 |
| IPO Close Date | 10 Sept 2026 |
| Basis of Allotment | 11 Sept 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 16 Sept 2026 |
Note: The timeline for Kanohar Electricals IPO is tentative and subject to change.
Kanohar Electricals Promoters and Shareholding Pattern
The promoters of Kanohar Electricals are Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal and Aditya Singhal. The table below shows the shareholding pattern before and after the IPO.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 74,231,991 | 99.72% | 62,274,076 | 78.64% |
| Others* | 208,009 | 0.28% | 16,912,759 | 21.36% |
| Total | 7,44,40,000 | 100% | 79,186,835 | 100% |
Kanohar Electricals Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Kanohar Electricals About the IPO
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.
Kanohar Electricals Limited operates two manufacturing facilities situated
at Rithani and Gangol in Meerut, Uttar Pradesh. As of September 30, 2025,
these facilities had a combined transformer manufacturing capacity of
19,200 MVA.
Kanohar Electricals Company Financial Report
To Be Updated Soon
Kanohar Electricals Company Valuation & Key Performance Indicators
To Be Updated Soon
Kanohar Electricals Peer Group Comparison
To Be Updated Soon
Kanohar Electricals Lead Managers & Merchant Bankers
- Nuvama Wealth Management Ltd.
- IIFL Capital Services Ltd.
Kanohar Electricals IPO FAQs
Kanohar Electricals IPO opens for subscription on 7 September 2026 and closes on 9 September 2026.
The price band for Kanohar Electricals IPO is set at ₹601.00 to ₹632.00 per share.
The minimum market lot size is 23 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 23 Shares (₹14,536).
The latest Grey Market Premium (GMP) for Kanohar Electricals IPO is ₹192. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Kanohar Electricals IPO is tentatively scheduled for 10 September 2026, and shares are expected to list on the stock exchanges on 15 September 2026.
MUFG Intime India Pvt. Ltd. is the official registrar for Kanohar Electricals IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.