Kanohar Electricals IPO: Price Band, Dates, and Details
By Business Desk
Kanohar Electricals sets IPO price band at ₹601-₹632. Subscription opens September 8, 2026. Get all details on lot size, listing date, and offer structure.
IPO Details and Timeline
Kanohar Electricals Limited has officially fixed the price band for its initial public offering at 601 to 632 rupees per equity share. The subscription period is set to open on September 8, 2026, and will conclude on September 10, 2026.
- Anchor investor allocation: September 7
- Face value: 2 rupees
- Lot size: 23 equity shares
- Basis of allotment finalization: September 11
- Tentative listing date: September 16, 2026
Offer Structure and Capital Usage
The public issue includes a fresh issue of shares totaling up to 300 crore rupees. An offer for sale of 11,957,915 shares by the K Sons Family Trust is also included.
- Capital expenditure: Upgrades for the Gangol facility
- Sustainability: Solar power installation projects
- Operations: Meeting incremental working capital requirements
Investor Allocation and Company Profile
The company has reserved specific portions of the issue for different investor categories. Equity shares will be listed on both the BSE and NSE.
- Qualified Institutional Buyers: Not more than 50%
- Non-institutional investors: At least 15%
- Retail investors: At least 35%
Kanohar Electricals focuses on transformer manufacturing and engineering, procurement, and construction projects. The firm holds certifications from the Research Designs and Standards Organisation for railway electrification. In FY26, the company reported revenue of 653.83 crore rupees and a net profit of 129.7 crore rupees.