Kanohar Electricals Limited IPO Price: ₹601 to ₹632 per share
IPO Dates: 8 to 10 Sept, 2026
Company Overview
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.
Business Operations
The company operates through two business segments: transformer manufacturing and engineering, procurement and construction (EPC).
Kanohar Electricals Limited 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.
Manufacturing Facilities
The company operates two manufacturing facilities in Rithani, Meerut, Uttar Pradesh and Gangol, Meerut, Uttar Pradesh. As of March 31, 2026, the facilities had an aggregate transformer manufacturing capacity of 19,200 MVA.
Regional Presence
The company has five regional offices located in NCT of Delhi, Mumbai, Maharashtra, Kolkata, West Bengal, Bangalore, Karnataka, and Chennai, Tamil Nadu, enabling it to cater to customers across India.
Workforce
Kanohar Electricals Limited has a team of over 526 employees.
Bidding Starts In
Kanohar Electricals Limited IPO Specifics:
| IPO Date | 8 to 10 Sep, 2026 |
| Listing Date | Wed, Sep 16, 2026T |
| Face Value | ₹2 per share |
| Price Band | ₹601 to ₹632 |
| Lot Size | 23 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,67,04,750 shares (agg. up to ₹1,056 Cr) |
| Fresh Issue | 47,46,835 shares (agg. up to ₹300 Cr) |
| Offer for Sale | 1,19,57,915 shares of ₹2 (agg. up to ₹756 Cr) |
| Share Holding Pre Issue | 7,44,40,000 shares |
| Share Holding Post Issue | 7,91,86,835 shares |
Kanohar Electricals IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Tue, Sep 8, 2026 |
| IPO Close | Thu, Sep 10, 2026 |
| Allotment | Fri, Sep 11, 2026 |
| Refund | Tue, Sep 15, 2026 |
| Credit of Shares | Tue, Sep 15, 2026 |
| Listing | Wed, Sep 16, 2026 |
Kanohar Electricals Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 23 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | 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 |
Kanohar Electricals Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 35% of the Net Offer |
Kanohar Electricals Limited IPO Financial Information
| Particulars (₹ Cr) | 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 |
Key Performance Indicator-Kanohar Electricals Limited IPO
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 42.12% | 30.92% |
| ROCE | 70.13% | 47.61% |
| Debt/Equity | 0.10 | 0.13 |
| RoNW | 34.80% | 26.78% |
| PAT Margin | 19.57% | 14.24% |
| EBITDA Margin | 27.59% | 20.73% |
| NAV | 50.09 | 32.66 |
| Price to Book Value | 12.62 | 19.35 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 17.43 | 16.38 |
| P/E (x) | 36.26 | 38.58 |
| Market Cap at Offer Price | ₹₹4,705Cr. | ₹5,004.61 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Kanohar Electricals Limited IPO RHP
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