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Kanohar Electricals IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |

SEBI has approved the Initial Public Offer (IPO) of Kanohar Electricals Ltd. on June 22, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.

Kanohar Electricals Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹300.00 crores and an offer for sale (OFS) of upto 1.46 crore equity shares.

The equity shares are proposed to be listed on NSE and BSE. Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Kanohar Electricals IPO DRHP for more details.

IPO Details

IPO Date

[.]
Listing Date

[.]
Face Value

₹2 per share
Price Band
Lot Size
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Fresh Issue

[.] shares (agg. up to ₹300 Cr)
Offer for Sale

1,45,90,000 shares of ₹2 (agg. up to ₹[.] Cr)
Share Holding Pre Issue

7,44,40,000 shares

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Fri, Jan 23, 2026
SEBI/Exchange approval received	Mon, Jun 22, 2026

Issue Reservation

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

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 located at Rithani and Gangol in Meerut, Uttar Pradesh, with an aggregate transformer manufacturing capacity of 19,200 MVA as of September 30, 2025.

The Company has five regional offices located in the National Capital Territory of Delhi, Mumbai (Maharashtra), Kolkata (West Bengal), Bengaluru (Karnataka) and Chennai (Tamil Nadu). As of September 30, 2025, it had a workforce of over 497 employees, serving customers across India.

Company Financials (Restated)

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	476.26	432.07	322.86	285.22
Total Income	170.63	457.30	281.12	306.97
Profit After Tax	30.67	65.12	17.76	16.81
EBITDA	42.73	93.39	31.07	28.36
NET Worth	273.88	243.13	178.12	160.51
Reserves and Surplus	258.95	239.00	174.09	156.36
Total Borrowing	41.41	32.27	42.08	23.62

Recently Listed IPOs in Heavy Electrical Equipment

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Powerica Ltd.	Mainboard	₹1,100.00 Cr	₹395	24.45	₹390.00	-1.27%	₹660.25 (-0.23%)
Atlanta Electricals Ltd.	Mainboard	₹687.85 Cr	₹754	46.33	₹823.35	+9.20%	₹1,812.00 (-1.17%)
Accord Transformer & Switchgear Ltd.	SME	₹25.59 Cr	₹46	11.41	₹52.50	+14.13%	₹57.00 (+4.30%)

IPO Objects of the Issue

# Issue Objects

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

66.74
2 Funding the incremental working capital requirements of Company

130.00
3 General Corporate Purposes
Total

196.74

Key Performance Indicator (KPI)

KPI	Sep 30, 2025	Mar 31, 2025
ROE	11.86%	30.92%
ROCE	19.64%	47.61%
Debt/Equity	0.15	0.13
RoNW	11.20%	26.78%
PAT Margin	17.98%	14.24%
EBITDA Margin	25.81%	20.73%

	Pre IPO	Post IPO
EPS (₹)	8.75
Promoter Holding	99.72%

Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal and Aditya Singhal are the company promoters.

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
kanoharelectricals.ipo@in.mpms
Visit Website

IPO Lead Manager(s)

Nuvama Wealth Management Ltd. (Past IPO Performance)
IIFL Capital Services Ltd. (Past IPO Performance)

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 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Kanohar Electricals IPO open and close dates are not available as of now.

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 dates are not announced. Please check back again after some time.

What is the lot size of Kanohar Electricals IPO?

Kanohar Electricals IPO lot size and the minimum order quantity is not available at this time. Please check again later.

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 [.], and the allotted shares will be credited to your demat account by . 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 .