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Kanohar Electricals IPO

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Registrar: MUFG Intime India Private Limited · Listing 2026-09-16
IPO Timeline
Today · 04 Sept 2026
Today
04 Sept 2026
Opens
08 Sept 2026
Closes
10 Sept 2026
Allotment
12 Sept 2026
Refund
13 Sept 2026
Demat
14 Sept 2026
Listing
16 Sept 2026
Price Band
₹601–632
GMP
₹160
0%
Lot Size
23 Shares
Min ₹14,536
Subscription
0x
Issue Size
₹1056 Cr
Open
2026-09-08
Close
2026-09-10
Listing
2026-09-16

About the company

GMP trend (Grey Market Premium by date)

Today₹160 (0%)
High₹165
Low₹92
Est. Listing₹792
DateGMP (₹)Est. ListingChange
10 Sep₹160₹792+15
09 Sep₹145₹777+2
08 Sep₹143₹775-7
07 Sep₹150₹782-3
06 Sep₹153₹785-4
05 Sep₹157₹789-8
04 Sep₹165₹797+4
03 Sep₹161₹7930

Strengths

  • Established transformer manufacturer with more than five decades of industry experience
  • Strong order book of over ₹1,800 crore, providing revenue visibility
  • Specialized certifications for high-capacity and railway traction transformers create entry barriers
  • Presence across power transmission, railways, renewable energy and other high-growth sectors
  • Integrated manufacturing and EPC capabilities
  • Strong recent growth in revenue and profitability
  • Low leverage and a healthy financial risk profile
  • In-house manufacturing facilities with substantial transformer capacity

Risks

  • High customer concentration, with the top 10 customers contributing over 93% of FY2026 revenue
  • Significant dependence on government and utility tenders
  • Failure to qualify for or win tenders could affect the order book
  • Exposure to volatility in copper and CRGO steel prices
  • Manufacturing operations are concentrated in Meerut, creating geographical concentration risk
  • Working-capital-intensive business could put pressure on cash flows

Financial performance (₹ Cr)

IPO Roadmap / Timeline

Current Status · as of 04 Sept 2026
Pre-Open
Opens on 08 Sept 2026
Opens in 4 days

  1. IPO Opens

    Upcoming
    08 Sept 2026

    Bidding starts for all investor categories

  2. IPO Closes

    Upcoming
    10 Sept 2026

    Last day to place your bid

  3. Basis of Allotment

    Upcoming
    12 Sept 2026

    Share allotment finalised

  4. Refund Initiation

    Upcoming
    13 Sept 2026

    Refunds credited for non-allottees

  5. Credit to Demat

    Upcoming
    14 Sept 2026

    Allotted shares credited to demat account

  6. Listing on Exchange

    Upcoming
    16 Sept 2026

    Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

Lot size & minimum investment

Lot Size
23 shares
Price / Share (upper)
₹632
Min Investment (1 lot)
₹14,536
Price Band
₹601–632
Retail
≤ ₹2,00,000
Min lots
1
Min shares
23
Min amount
₹14,536
Max amount
₹188,968
sHNI (Small HNI)
₹2L – ₹10L
Min lots
14
Min shares
322
Min amount
₹203,504
Max amount
₹988,448
bHNI (Big HNI)
> ₹10L
Min lots
69
Min shares
1587
Min amount
₹1,002,984
Max amount
₹1,075,664

Shares reserved per category & allotment probability

QIB
100% allotment
Reservation
50%
Amount
₹528 Cr
Shares offered
8,564,477
Shares bid
0
Subscribed
0.00x
NII
100% allotment
Reservation
15%
Amount
₹158.4 Cr
Shares offered
2,569,343
Shares bid
0
Subscribed
0.00x
Retail
100% allotment
Reservation
35%
Amount
₹369.6 Cr
Shares offered
5,995,134
Shares bid
0
Subscribed
0.00x

Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).