Kanohar Electricals IPO Details

Bookbuilding IPO | ₹1,056 Cr | Listing at BSE, NSE | Tue, Sep 8, 2026 - Thu, Sep 10, 2026

IPO Details

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Kanohar Electricals IPO is a book build issue of ₹1,055.74 crores. The issue is a combination of fresh issue of 47.47 lakh shares aggregating to ₹300.00 crores and offer for sale of 1.20 crore shares aggregating to ₹755.74 crores.

Kanohar Electricals IPO opens for subscription on Sep 8, 2026 and closes on Sep 10, 2026. The allotment for the Kanohar Electricals IPO is expected to be finalized on Sep 11, 2026. Kanohar Electricals IPO will list on NSE and BSE with a tentative listing date fixed as Sep 16, 2026.

Kanohar Electricals IPO is set issue price band at ₹601 to ₹632 per share. The lot size for an application is 23 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,536 (23 shares) (based on upper price).

Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Refer to Kanohar Electricals IPO RHP for detailed Information.

IPO Open

Tue, Sep 8, 2026

IPO Close

Thu, Sep 10, 2026

Price Band

₹601 to ₹632

Market Cap*

₹5,004.61 Cr * on Upper Price

IPO Details

IPO Date

8 to 10 Sep, 2026
Listing Date

Wed, Sep 16, 2026
Face Value

₹2 per share
Price Band

₹601 to ₹632
Lot Size

23 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

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

47,46,835 shares (agg. up to ₹300 Cr
Offer for Sale

1,19,57,915 shares of ₹2 (agg. up to ₹756 Cr)
Share Holding Pre Issue

7,44,40,000 shares
Share Holding Post Issue

7,91,86,835 shares

IPO Open

Tue, Sep 8, 2026
Allotment

Fri, Sep 11, 2026
Credit of Shares

Tue, Sep 15, 2026

IPO Close

Thu, Sep 10, 2026
Refund

Tue, Sep 15, 2026
Listing

Wed, Sep 16, 2026

Issue Reservation

Investor Category	Shares
QIB	Not more than 50% of the Net Offer
Retail	Not less than 35% of the Net Offer
NII	Not less than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 23 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	23	₹14,536
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 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.

(Updated on Sep 3, 2026)

Company Financials (Restated)

Kanohar Electricals Ltd.’s revenue increased by 45% and profit after tax (PAT) rose by 99% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	613.93	432.07	322.86
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

Recently Listed IPOs in Heavy Electrical Equipment

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Powerica Ltd.	Mainboard	₹1,100.00 Cr	₹395	24.45	₹390.00	-1.27%	₹494.55
Atlanta Electricals Ltd.	Mainboard	₹687.34 Cr	₹754	46.33	₹823.35	+9.20%	₹1,838.90
Anawil Wire & Engineering Ltd.	SME	₹177.81 Cr	₹270	14.53	₹346.10	+28.19%	₹390.00

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding the capital expenditure requirements of Company

64.18
2 Funding the incremental working capital requirements of Company

155.00
3 General Corporate Purposes
Total

219.18

Key Performance Indicator (KPI)

KPI	Mar 31, 2026	Mar 31, 2025
ROE	42.12%	30.92%
ROCE	70.13%	47.61%
Debt/Equity	0.10	0.13
RoNW	34.80%	26.78%
PAT Margin	19.57%	14.24%
EBITDA Margin	27.59%	20.73%
NAV	50.09	32.66
Price to Book Value	12.62	19.35

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	17.43	16.38
P/E (x)	36.26	38.58
Market Cap at Offer Price	₹4,705Cr.	₹5,004.61 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	99.72%	78.64%
Public	0.28%	21.36%
Total	100%	100%

Company Promoters: Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal and Aditya Singhal.

Offer For Sale – Selling Shareholder

Name	Category	No. of Shares Offered	Amount (₹ cr.)
K.Sons Family Trust	Promoter	1,19,57,915	755.74
Total		1,19,57,915	755.74

IPO Registrar

MUFG Intime India Pvt.Ltd.

022-49186000
kanoharelectricals.ipo@in.mpms
Visit Website

IPO Lead Manager(s)

Nuvama Wealth Management Ltd.
IIFL Capital Services Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Kanohar Electricals Ltd. Address

Rithani,

Delhi Road

Meerut, Uttar Pradesh, 250103

121-3500801-05
compliance@kanohar.com
Visit Website

IPO FAQs

What is the Kanohar Electricals IPO?

Kanohar Electricals IPO is a main-board IPO of 1,67,04,750 equity shares of the face value of ₹2 aggregating up to ₹1,056 Crores. The issue is priced at ₹601 to ₹632. The minimum order quantity is 23.

The IPO opens on Tue, Sep 8, 2026, and closes on Thu, Sep 10, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Kanohar Electricals IPO through Angel One?

Angel One customers can apply online in Kanohar Electricals IPO using UPI as a payment gateway. Zerodha customers can apply in Kanohar Electricals IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Kanohar Electricals IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Kanohar Electricals IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Kanohar Electricals IPO will open?

The Kanohar Electricals IPO opens on Tue, Sep 8, 2026 and closes on Thu, Sep 10, 2026.

What is the lot size of Kanohar Electricals IPO?

Kanohar Electricals IPO lot size is 23, and the minimum amount required for application is ₹14,536.

How to apply for Kanohar Electricals IPO?

You can apply in Kanohar Electricals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Kanohar Electricals IPO allotment?

The finalization of Basis of Allotment for Kanohar Electricals IPO will be done on Friday, September 11, 2026, and the allotted shares will be credited to your demat account by Tue, Sep 15, 2026. Check the Kanohar Electricals IPO allotment status.

When is Kanohar Electricals IPO listing date ?

The Kanohar Electricals IPO listing date is not yet announced. The tentative date of listing is Wed, Sep 16, 2026.