Kanohar Electricals’ initial public offering (IPO) is set to open for subscription on September 8, 2026. According to the Red Herring Prospectus (RHP), the ₹1,055.74 crore book-built issue comprises a fresh issue of up to ₹300.00 crore and an offer for sale (OFS) of up to ₹755.74 crore.

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

Event	Date
Subscription Opening Date	8 September 2026
Subscription Closing Date	10 September 2026
Basis of Allotment Date	11 September 2026
Refund Initiation Date	15 September 2026
Credit of Shares	15 September 2026
Listing on BSE and NSE	16 September 2026

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

Explore other Upcoming IPOs on BSE and NSE.

Kanohar Electricals IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹632 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	23	₹14,536
Retail (Maximum)	13	299	₹1,88,968
sNII (Minimum)	14	322	₹2,03,504
bNII (Minimum)	69	1,587	₹10,02,984

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, serving power transmission, railways, renewable energy and power distribution. As of March 31, 2026, it was among five Indian companies with short-circuit test certification for 500 MVA 400 kV transformers and had tested over 200 transformer ratings. It is also among the few Indian manufacturers certified by RDSO to manufacture Scott transformers for railway electrification.

The Company operates through two segments: Transformer Manufacturing and EPC. Its backward-integrated facilities support in-house transformer manufacturing, while its EPC business undertakes turnkey projects for substations and transmission lines in the power transmission and distribution sector.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	653.84	450.61	276.69
EBITDA	180.42	93.39	31.07
Profit After Tax (PAT)	129.73	65.12	17.76