Kanohar Electricals IPO Day 1: Subscription Status, Timeline & Key Issue Details

The ₹1,055.74 crore Kanohar Electricals initial public offering (IPO) opened for public subscription today, September 8, 2026, with a price band of ₹601 to ₹632 per share. As of 10:12 A.M on the first day of bidding, the issue had been subscribed 0.13 times.

The IPO will remain open for subscription until September 10, 2026. The basis of allotment is expected to be finalised on September 11, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 16, 2026.

Kanohar Electricals IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹1,055.74 crore
• Fresh Issue: Up to ₹300.00 crore
• Offer for Sale (OFS): Up to ₹755.74 crore
• Face Value: ₹2 per equity share
• Price Band: ₹601 to ₹632 per share
• Lot Size: 23 shares
• Minimum Investment Amount (Retail Investor): ₹14,536 (23 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Nuvama Wealth Management Limited, IIFL Capital Services Limited
• Registrar: MUFG Intime India Private Limited

Kanohar Electricals IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Kanohar Electricals IPO Day 1 Subscription Status

[September 8, 2026, 10:00 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Funding the capital expenditure requirements of the company
• Funding incremental working capital requirements of the company
• General corporate purposes.

About Kanohar Electricals Limited

Kanohar Electricals Limited is one of India’s leading transformer manufacturers by revenue in Fiscal 2026, catering to the power transmission, railways, renewable energy, and power distribution sectors. As of March 31, 2026, it was among the five Indian companies certified to conduct short-circuit testing for 500 MVA, 400 kV transformers and had successfully tested over 200 transformer ratings. The company is also one of the few RDSO-approved manufacturers of Scott transformers used in railway electrification.

The company operates across two business segments: transformer manufacturing and EPC (Engineering, Procurement and Construction). Its backward-integrated manufacturing facilities enable in-house production of transformers, while the EPC division executes turnkey substation and transmission line projects for the power transmission and distribution industry.

Key Financial Highlights 

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