Kanohar Electricals Limited IPO
CLOSEDMAINBOARDKANOHARSUBSCRIBEBidding Closed
Awaiting listing
Listing Date
16 Sep 2026
- Price Band
- ₹601 – ₹632
- Lot Size
- 23
- Lot Value
- ₹14,536
- Open Date
- 08 Sep 2026
- Close Date
- 10 Sep 2026
- Min Investment
- ₹14,536
About Kanohar Electricals Limited
Kanohar Electricals manufactures five custom transformer types (power, traction, Scott, shunt reactors, and distribution) across two Meerut facilities. Serving high-growth transmission, railway, and renewable sectors, it also provides turnkey substation and transmission line EPC solutions. Most revenue is driven by these core segments and secured through government and state utility tenders. <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: NSE
Strengths (5)
- •Strong order book standing at ₹1818.32 crores as of March 31, 2026.
- •Proven track record of executing large-scale turnkey EPC projects for government entities.
- •Comprehensive in-house manufacturing capabilities at the Rithani and Gangol facilities.
- •Specialized product portfolio catering to high-growth sectors like railways and renewable energy.
- •Successful development and short-circuit testing of advanced 500 MVA and Scott transformers
Risk Factors (5)
- •High customer concentration with the top 10 clients contributing 93.16% of total revenue.
- •Heavy reliance on government tenders exposes the business to disqualification and blacklisting risks.
- •Business operations are geographically concentrated around the Meerut manufacturing facilities.
- •The absence of long-term contracts with raw material suppliers exposes the company to pricing volatility.
- •History of negative cash flows from operating, investing, and financing activities.
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
“Company fundamentals appear solid with 5 identified strengths. Monitor subscription data as IPO progresses.”
- ✅Oversubscribed 70x
- ✅Strong QIB demand 159x
- ✅5 business strengths identified
- ⚠️5 risk factors noted
- ✅Mainboard IPO (higher regulatory standards)
This is algorithmic analysis, not investment advice. Always read the DRHP before investing.
GMP Trend
GMP data will appear a few days before the IPO opens.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 23 | ₹14,536 |
| Retail (max) | 13 | 299 | ₹1,88,968 |
| S-HNI (min) | 14 | 322 | ₹2,03,504 |
| S-HNI (max) | 68 | 1,564 | ₹9,88,448 |
| B-HNI (min) | 69 | 1,587 | ₹10,02,984 |
Subscription Status
| Category | Day 3 |
|---|---|
| QIB | 158.84x |
| sNII (S-HNI) | 62.09x |
| bNII (B-HNI) | 86.58x |
| Retail | 14.69x |
| Total | 69.53x |
Colour: red <1x · green 1–5x · blue 5–10x · orange >10x.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
14.69x
Allotment Ratio
1 lot per 15 applicants
Allotment Probability
~6.8%
Non-Institutional Investors (NII / HNI)
Subscription
78.42x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
158.84x
Allotment Type
Discretionary allotment
Total Subscription
69.53x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
IPO Timeline
Issue Opens
08 Sep 2026 · Tue
Issue Closes
10 Sep 2026 · Thu
UPI Deadline
10 Sep 2026 · Thu
Allotment
11 Sep 2026 · Fri · Today
Refund
15 Sep 2026 · Tue
Share Credit
15 Sep 2026 · Tue
Listing
16 Sep 2026 · Wed
Issue Opens
08 Sep 2026 · Tue
Issue Closes
10 Sep 2026 · Thu
UPI Deadline
10 Sep 2026 · Thu
Allotment
11 Sep 2026 · Fri · Today
Refund
15 Sep 2026 · Tue
Share Credit
15 Sep 2026 · Tue
Listing
16 Sep 2026 · Wed
IPO Details
| Registrar | — |
| Exchange | NSE |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹1056.00 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
Financial data not available yet.
Company Fundamentals
Capital Structure
Capital structure not yet available.
Shareholding Pattern
Shareholding pattern not yet available.
Reservations & OFS
Reservation & OFS detail not yet available.
Board & Management
Board & management not yet available.
Industry & Market
Industry & market data not yet available.
Documents
Frequently Asked Questions
When is the Kanohar Electricals Limited IPO opening?
The Kanohar Electricals Limited IPO opens on 08 Sep 2026 and closes on 10 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Kanohar Electricals Limited IPO?
The price band for the Kanohar Electricals Limited IPO is ₹601 to ₹632. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Kanohar Electricals Limited IPO?
The minimum lot size is 23 shares with a minimum investment of ₹14,536. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Kanohar Electricals Limited IPO today?
Grey Market Premium data for Kanohar Electricals Limited is not available yet. It typically starts appearing a few days before the IPO opens.
When will the Kanohar Electricals Limited IPO list on NSE and BSE?
The Kanohar Electricals Limited IPO is expected to list on 16 Sep 2026 on NSE. Actual listing day trading begins at the start of the normal market session.
How can I check the Kanohar Electricals Limited IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Kanohar Electricals Limited IPO a mainboard or SME issue?
Kanohar Electricals Limited is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Kanohar Electricals Limited IPO?
You can apply for the Kanohar Electricals Limited IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
What is the allotment ratio for Kanohar Electricals Limited IPO?
Based on the retail subscription of 14.69x, the estimated allotment ratio is 1 lot per 15 applicants (approximately 6.8% chance of allotment). This is an estimate and actual allotment may vary.
Should I subscribe to Kanohar Electricals Limited IPO?
Based on our algorithmic analysis, Kanohar Electricals Limited IPO is rated SUBSCRIBE with medium confidence. Company fundamentals appear solid with 5 identified strengths. Monitor subscription data as IPO progresses. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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