Kanohar Electricals IPO Opens: Key Details and Schedule

Kanohar Electricals Limited opened its initial public offering for subscription on September 8, 2026, with the bidding window scheduled to close on September 10, 2026. According to filings and disclosures tracked on financial monitoring portals like Chittorgarh, the book-built issue is priced between ₹601 and ₹632 per equity share, with a face value of ₹2 each. The offering comprises a fresh issue worth ₹300 crore and an offer for sale (OFS) of up to ₹755.74 crore, aggregating to a total issue size of ₹1,055.74 crore.

Structure, Timeline, and Allotment Details

The public issue follows a standard mainboard timeline, with the anchor investor bidding period having taken place prior to the public opening. Following the closure of the bidding window on September 10, 2026, the basis of allotment is expected to be finalized on September 11, 2026. Refunds and the credit of shares to demat accounts are slated for September 15, 2026, leading up to the tentative listing date on the BSE and NSE on September 16, 2026. Retail investors can apply for a minimum lot size of 23 shares, requiring a minimum investment of ₹14,536 at the upper price band.

Business Overview and Use of Proceeds

Established in 1972, Kanohar Electricals Limited manufactures power and distribution transformers, catering to core sectors such as power transmission, railways, renewable energy, and power distribution. Operating out of its manufacturing facilities in Meerut, Uttar Pradesh, the company reported strong financial growth, with total income reaching ₹662.86 crore for the financial year ending March 31, 2026. Net proceeds from the fresh issue component will be deployed toward funding capital expenditure requirements, supporting incremental working capital demands, and general corporate purposes.

Impact on Investors and Market Participants

For market investors and institutional participants, the Kanohar Electricals IPO provides exposure to India's expanding heavy electrical equipment and power infrastructure sector. The allocation structure reserves not more than 50 percent of the net offer for Qualified Institutional Buyers (QIBs), not less than 15 percent for Non-Institutional Investors (NIIs), and not less than 35 percent for retail individual investors.

Official Sources Section

• Chittorgarh Kanohar Electricals IPO Portal

• BSE Limited / National Stock Exchange of India Regulatory Filings

Quote Section

"According to market participants and exchange filings, the Kanohar Electricals IPO is structured to support the company's capital expenditure and working capital expansion amidst rising domestic demand for electrical infrastructure."

Why It Matters

The capital raised through the public offering enables Kanohar Electricals to scale its manufacturing capabilities and meet growing equipment demands from India's power transmission and renewable energy sectors. For retail and institutional investors, it represents a primary market opportunity in a profitable, established player within the heavy electrical machinery segment.

Key Facts at a Glance

• Total Issue Size: ₹1,055.74 crore (combining a ₹300 crore fresh issue and a ₹755.74 crore OFS).

• Price Band: ₹601 to ₹632 per equity share.

• Lot Size: Minimum application of 23 shares amounting to ₹14,536 at the upper cap.

• Listing Date: Tentatively scheduled for September 16, 2026, on the BSE and NSE.

Frequently Asked Questions

• What are the open and close dates for the Kanohar Electricals IPO?

  The IPO opened for subscription on September 8, 2026, and closes on September 10, 2026.

• What is the minimum investment required for retail investors?

  Retail investors must apply for a minimum of 1 lot comprising 23 shares, totaling ₹14,536 based on the upper price band.

• Where will the equity shares be listed?

  The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

• How are the proceeds from the fresh issue being utilized?

  The proceeds will fund capital expenditure requirements, incremental working capital, and general corporate purposes.

Source: Chittorgarh IPO monitoring platform; BSE Limited and National Stock Exchange regulatory data.