Kanohar Electricals Shares List at 8% Premium on NSE

Kanohar Electricals made its stock market debut on Wednesday, September 16, 2026, with its shares listing at a 8.47% premium on the NSE. The stock opened at ₹685.50 apiece on the NSE against its IPO issue price of ₹632 per share. On the BSE, the shares debuted at ₹672.05 per share, representing a 6.34% premium over the issue price.

The company’s  ₹1,055.74 crore IPO was open for subscription from September 8 to September 10, 2026, and witnessed strong investor interest. The issue was subscribed 90.59 times by the end of the bidding period.

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

Explore other Upcoming IPOs on BSE and NSE.

Kanohar Electricals IPO Overall Subscription Status

[September 10, 2026, 7:00 P.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

Incorporated in India, Kanohar Electricals Limited is one of the country's leading transformer manufacturers by revenue in Fiscal 2026, catering to the power transmission, railway, renewable energy, and power distribution sectors. As of March 31, 2026, it was among only five Indian companies certified to conduct short-circuit testing of 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 transformer production, while its EPC division executes turnkey substation and transmission line projects for the power transmission and distribution industry.

Key Financial Highlights 

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