Kanohar Electricals IPO Details
Kanohar Electricals IPO Summary
Kanohar Electricals IPO opens for subscription on 08 Sep 2026 and closes on 10 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 16 Sep 2026.
Kanohar Electricals IPO price band has been fixed at ₹601 – ₹632 per share. The face value is ₹2 per share with a lot size of 23.
Kanohar Electricals IPO total issue size comprises 1,67,04,750 shares (aggregating up to ₹1055.74 Cr). This includes a fresh issue of 47,46,835 shares (aggregating up to ₹300.00 Cr). Offer for Sale consists of 1,19,57,915 shares (aggregating up to ₹755.74 Cr). Pre-issue shareholding stands at 7,44,40,000, which will increase to 7,91,86,835 post-issue.
Kanohar Electricals IPO carries a ₹182 (28.8%) GMP, reflecting investor sentiment.
Kanohar Electricals IPO Lot Size :Retail Minimum is 1 lot (23 shares) amounting to ₹14,536. Retail Maximum is 13 lots (299 shares) amounting to ₹1,88,968. SHNI Minimum is 14 lots (322 shares) amounting to ₹2,03,504. SHNI Maximum is 68 lots (1,564 shares) amounting to ₹9,88,448. BHNI Minimum is 69 lots (1,587 shares) amounting to ₹10,02,984.
Kanohar Electricals IPO Details
Kanohar Electricals IPO Subscription
Kanohar Electricals IPO Application Wise Breakup (Approx)
Kanohar Electricals IPO Dates
- 08 Sep 2026Opening dateOpen
- 10 Sep 2026Closing dateClose
- 11 Sep 2026Allotment Date Allotment
- 15 Sep 2026Initiation of RefundsRefund
- 15 Sep 2026Credit of SharesCredit
- 16 Sep 2026Listing dateListing
Kanohar Electricals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 23 | ₹14,536 |
| Retail Maximum | 13 | 299 | ₹1,88,968 |
| SHNI Minimum | 14 | 322 | ₹2,03,504 |
| SHNI Maximum | 68 | 1564 | ₹9,88,448 |
| BHNI Minimum | 69 | 1587 | ₹10,02,984 |
Kanohar Electricals IPO Reservation
Promoter Holding
Documents
Kanohar Electricals IPO Valuations
Kanohar Electricals Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 613.93 | 432.07 | 322.86 |
| Total Income | 662.86 | 457.30 | 281.12 |
| Profit After Tax | 129.73 | 65.12 | 17.76 |
| EBITDA | 180.42 | 93.39 | 31.07 |
| NET Worth | 372.84 | 243.13 | 178.12 |
| Reserves and Surplus | 357.95 | 239.12 | 174.11 |
| Total Borrowing | 39.04 | 32.27 | 42.08 |
| Amount in ₹ Crore | |||
About Kanohar Electricals IPO
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 in Rithani, Meerut, Uttar Pradesh (“Rithani Manufacturing Facility”) and Gangol, Meerut, Uttar Pradesh (“Gangol Manufacturing Facility” and collectively with Rithani Manufacturing Facility, “Manufacturing Facilities”) with an aggregate transformer manufacturing capacity of 19,200 MVA as on March 31, 2026.
The Company has five regional offices located in NCT of Delhi, Mumbai, Maharashtra, Kolkata, West Bengal, Bangalore, Karnataka, and Chennai, Tamil Nadu, and a team of over 526 employees to cater to our customers across India.
Strength Of Kanohar Electricals IPO
- Established player in the transformer manufacturing sector catering to high growth industries.
- Successful short circuit testing of transformers up to 500 MVA 400 kV which enables us to compete for large, high-value contracts across sectors.
- Comprehensive presence across our Transformer Manufacturing Business and EPC Business enabling us to serve a large total addressable market.
- Integrated manufacturing facilities equipped to deliver high-quality products.
- Track record of executing orders for large and marquee clients.
- Experienced Promoters and management team with significant industry experience.
- Track record of profitability.
Risk Of Kanohar Electricals IPO
- The company derives a significant portion of its revenue from the Transformer Manufacturing Business. A reduction in demand for purchase of transformers could adversely affect the company's business, results of operations and financial condition.
- A significant portion of the company's revenue from operations is from its Transformer Manufacturing Business which is attributable to high growth sectors including the power transmission, railways and renewable energy sectors. Any economic cyclicality coupled with reduced demand or negative trend in these or other sectors that the company operates in, could have material adverse effect on its business, financial condition and results of operations.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- The company depends on certain customers for a significant portion of its revenue from operations. In the Fiscals 2026, 2025 and 2024, the company's top 10 customers' contribution towards its revenue from operations was 93.16%, 93.88%, and 95.43%, respectively. Any decrease in demand from such customers, the loss of such customers or the company's inability to diversify its customer base could have an adverse effect on the company's business, financial condition and results of operations.
- If the company is unable to raise additional working capital or are unable to obtain financing on favourable terms or at all, its business and growth could be adversely affected.
- In the company's Transformer Manufacturing Business, its derives a significant portion of the company's revenue from the supply of power transformers to transmission utilities including state transmission companies in the power transmission sector. Additionally, its Transformer Manufacturing Business is largely dependent upon the demand for power generation, transmission and distribution which is closely linked to Government policies. Any economic downturn or change in government policy may have an adverse impact on the company's business, financial condition, cash flows and results of operations.
- A significant portion of the company's revenue is dependent on tenders being awarded by the government-controlled entities, which follow tendering process for determination of their suppliers. Government bids are procured through competitive bidding process. Its bids may not always be accepted. The company may not be able to qualify for, compete and win projects, which could adversely affect its business and results of operations. Further, the company may not always be able to possess and maintain its pre-qualification capability for the company's Transformer Manufacturing Business and EPC Business. Its may be adversely affected if the company does not succeed in all or a majority of the contracts that its tender for.
- The company is exposed to the risk of disqualification, suspension, or blacklisting by government authorities, which could prevent it from bidding for or executing government projects. Any such action could restrict the company access to a substantial part of its revenue base and have a disproportionate adverse impact on the company's business, results of operations, cash flows, and reputation.
- A significant portion of the company's revenue is generated from its Manufacturing Facilities, notably the company's Gangol Manufacturing Facility, situated in Meerut, Uttar Pradesh. Any disruptions in the region could have a material adverse effect on its business, financial condition and results of operations.
- As on date of this Red Herring Prospectus, 34 public Shareholders of the Company who collectively hold 208,000 Equity Shares are currently untraceable. Further, 156,000 Equity Shares issued to such Shareholders pursuant to a bonus issue on September 19, 2025, along with the Equity Shares previously held by them in the Company, have not been credited to their demat accounts as the company has been unable to establish contact with them, and have been credited to a demat suspense account.
Objectives Kanohar Electricals IPO
1. Funding the capital expenditure requirements of Company
2. Funding the incremental working capital requirements of Company
3. General Corporate Purposes
Company Contact Details
Rithani, Delhi Road
Meerut, Uttar Pradesh , 250103
Phone: 121-3500801-05
Email: compliance@kanohar.com
Website: http://www.kanohar.com/
Registrar Contact Details
Kanohar Electricals FAQs
The Kanohar Electricals IPO is a MAINBOARD public issue comprising 16704750 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹1055.74 Cr. The issue price has been fixed at ₹632 per equity share, and the minimum application size is 23 shares.
The IPO opens for subscription on 08 Sep 2026, and closes on 10 Sep 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹182 (28.8%).
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