Kanohar Electricals IPO: In this article, we provide detailed and easy-to-understand information about the Kanohar Electricals Limited IPO, including its IPO dates, price band, issue size, lot size, minimum investments and other important IPO-related information.
We also cover key details about the company, its business, financial performance, strengths to help investors better understand the IPO before making an investment decision. The information is compiled from the company’s official documents, stock exchange disclosures and other publicly available sources.
The Kanohar Electricals IPO is officially opening for subscription from September 08, 2026 to September 10, 2026. According to RHP, this company wants to raise ₹1,055.74 Crore from the market through this IPO.
You can check the Kanohar Electricals IPO GMP Live (Day Wise) here, where you will get information about its latest GMP, changes in GMP and expected listing price. Apart from this, to understand the demand of retail investors during the IPO, you can also check the Kanohar Electricals IPO Subscription Status, where subscription information is available in Retail and other categories.
Read Also: Upcoming Mainboard IPO 2026
After the IPO is closed, if retail investors want to know whether shares have been allotted to them or not, then they can also check the Kanohar Electricals IPO Allotment Status here. In this way, retail investors can easily see all the three important updates of Kanohar Electricals IPO i.e. IPO GMP (Grey Market Premium), IPO Subscription Status and IPO Allotment Status from one place, and along with this, retail investors can also see the IPO Listing.
If You Want To Know About This Kanohar Electricals IPO In Detail Then Read This Article & Company RHP (Red Herring Prospectus) Carefully.
Kanohar Electricals IPO Details
| Issue Open Date | September 08, 2026 |
| Issue Close Date | September 10, 2026 |
| Face Value | ₹2.00 Equity Share |
| Price Band | ₹601.00 – ₹632.00 Per Share |
| Issue Price | ₹632.00 Per Share |
| Lot Size | 23 Share (1 Lot) |
| Listing On | BSE, NSE |
| Total Issue Size | ₹1,055.74 Cr. (1,67,04,750 Shares) |
| Fresh Issue | ₹300.00 Cr. (47,46,835 Shares) |
| Offer For Sale | ₹755.74 Cr. (1,19,57,915 Shares) |
| Prospectus | RHP | Anchor Investors |
IPO Reservation
The total number of shares in this Kanohar Electricals IPO is 1,67,04,750, in which 35.00% quota i.e. 58,46,663 shares are reserved for retail investors, rest 50.00% are reserved for QIB and 15.00% for NII.
| Category | Net Issue | Shares Offered |
|---|---|---|
| Retail | 35.00% | 58,46,663 |
| Total | 100.00% | 1,67,04,750 |
IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 23 | ₹14,536 |
| Retail Maximum | 13 | 299 | ₹1,88,968 |
Kanohar Electricals IPO Dates (Tentative)
| Anchor Bid Date | September 07, 2026 |
| IPO Open Date | September 08, 2026 |
| IPO Close Date | September 10, 2026 |
| IPO Allotment Date | September 11, 2026 |
| Money Refund & Share Credit Date | September 15, 2026 |
| IPO Listing Date | September 16, 2026 |
Key Performance Indicator
| KPI (March 31, 2026) | Value |
| Market Capitalisation | ₹5,004.61 Cr. (On Upper Price) |
| P/E Ratio | 36.26x |
| EPS | ₹17.43 |
| ROE | 42.12% |
| ROCE | 70.13% |
| RoNW | 34.80% |
| Dept/Equity | 0.10 |
| EBITDA Margin | 27.59% |
| PAT Margin | 19.57% |
| Net Assets Value | ₹50.09 |
| Price To Book Value | 12.62x |
IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Hitachi Energy Limited | 208.09x | ₹90.36 | 9.11% | ₹1,161.56 |
| Bharat Heavy Electricals Limited | 203.74x | ₹1.47 | 2.16% | ₹74.99 |
| Schneider Electric Limited | 64.04x | ₹11.02 | 51.43% | ₹30.67 |
| CG Power and Industrial Limited | 101.74x | ₹6.38 | 28.91% | ₹48.11 |
| Transformers & Rectifiers Limited | 53.31x | ₹6.31 | 17.02% | ₹51.39 |
| GE Vernova T&D India Limited | 130.21x | ₹23.76 | 34.36% | ₹42.87 |
Kanohar Electricals Limited Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Total Net Worth | Profit After Tax | EBITDA |
|---|---|---|---|---|---|---|
| March 31, 2026 | ₹613.93 Cr. | ₹662.86 Cr. | ₹489.29 Cr. | ₹372.84 Cr. | ₹129.73 Cr. | ₹180.42 Cr. |
| March 31, 2025 | ₹432.07 Cr. | ₹457.30 Cr. | ₹369.50 Cr. | ₹243.13 Cr. | ₹65.12 Cr. | ₹93.39 Cr. |
| March 31, 2024 | ₹322.86 Cr. | ₹281.12 Cr. | ₹255.25 Cr. | ₹178.12 Cr. | ₹17.76 Cr. | ₹31.07 Cr. |
Company Promoters
- Dinesh Singhal
- Adesh Singhal
- Vivek Singhal
- Abhishek Singhal
- Virat Singhal
- Aditya Singhal
| Category | Pre (IPO) | Post (IPO) |
|---|---|---|
| Promoter & Promoter Group | 99.72% | 78.64% |
| Public | 0.28% | 21.36% |
| Total | 100.00% | 100.00% |
IPO Lead Managers
- Nuvama Wealth Management Limited
- IIFL Capital Services Limited
IPO Registrar
MUFG Intime India Private Limited
Address: C-101, Embassy 247
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Telephone: +91 810 811 4949
E-mail: kanoharelectricals.ipo@in.mpms
Website: www.in.mpms.mufg.com
About Kanohar Electricals Limited (Incorporated In 1972)
The company is one of the leading domestic transformer manufacturers in terms of revenue in fiscal 2026. It serves fast-growing industries such as power transmission, railways, renewable energy, and power distribution (Source: CARE Report). As of March 31, 2026, the company is one of only five companies in India to hold short circuit test certification for 500 MVA 400 kV transformers used in the power transmission industry (Source: CARE Report).
We conduct extensive short circuit testing of our transformers and have tested over 200 ratings as of March 31, 2026. We are also one of only four manufacturers in India certified by the Research Designs and Standards Organization (RDSO), the research and development wing of the Indian Railways, to manufacture 100 MVA 132 kV Scott transformers. The company is one of two Indian manufacturers certified to manufacture 100 MVA 220 kV Scott transformers, both of which meet the rail network electrification demands of the Indian Railways (Source: CARE Report).
Through its backward integrated facilities, the company provides a wide range of products and solutions for India’s energy infrastructure, particularly in the manufacturing of transformers using its in-house technology. Led by its promoter, Chairman and Managing Director, Dinesh Singhal, a graduate of the Indian Institute of Technology Roorkee (formerly known as the University of Roorkee), he has over 40 years of experience in the transformer manufacturing industry.
The company operates its business in two segments: (i) transformer manufacturing business; and (ii) EPC business. The EPC business, in addition to transformer manufacturing operations, also undertakes engineering, procurement, and construction projects in the power transmission and distribution sector, enabling the company to complete turnkey projects for substations and transmission lines.
Under the company’s EPC business, they perform turnkey installation of air and gas insulated substations, bay augmentation of existing substations up to 400 kV class, and installation of transmission lines in 132 kV, 220 kV and 400 kV. EPC projects typically involve the design, engineering, procurement, supply, erection, testing and commissioning of electrical infrastructure.
Company Strengths
- 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.
- 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.
Objects Of The Issue
- Funding the capital expenditure requirements of the Company towards: (Est. Amount ₹64.18 Cr.)
- Purchase of new machinery and equipment for the manufacturing facility located in Gangol, Meerut, Uttar Pradesh (“Gangol Manufacturing Facility”) for increasing the transformer manufacturing capacity, expanding and automating our backward integration facilities and enhancing operational efficiency;
- Civil construction and interior development of an office building at the Gangol Manufacturing Facility;
- Enhancing our sustainability initiatives by (a) setting up of solar power plants at the manufacturing facility located in Rithani, Meerut, Uttar Pradesh (“Rithani Manufacturing Facility”, and together with the Gangol Manufacturing Facility, the “Manufacturing Facilities”) and Gangol Manufacturing Facility, and (b) purchasing electric trucks and forklifts (together, “Electric Vehicles”) for handling and movement at our Gangol Manufacturing Facility.(collectively, the “Capital Expenditure Requirements”);
- Purchase of new machinery and equipment for the manufacturing facility located in Gangol, Meerut, Uttar Pradesh
- Funding incremental working capital requirements of the Company; (Est. Amount ₹155.00 Cr.)
- General corporate purposes.
Company Address
Kanohar Electricals Limited
Address: Rithani, Delhi Road,
Meerut 250 103, Uttar Pradesh, India
Telephone: + 91 70559 01010/ +91 121-3500801-05
E-mail: compliance@kanohar.com
Website: www.kanohar.com
Kanohar Electricals IPO Review
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Kanohar Electricals IPO FAQs
What is the Kanohar Electricals IPO?
The Kanohar Electricals IPO is a mainboard IPO offering 1,67,04,750 equity shares with a face value of ₹2 per share, with a price band of ₹601 to ₹632 per share, and a total issue size of ₹1,055.74 crore. Investors can bid for a minimum of 1 shares per lot.
The subscription window for this IPO will open on September 08, 2026, and close on September 10, 2026.
MUFG Intime India Privare Limited has been appointed as the registrar for the issue. The company’s equity shares are expected to be listed on both the BSE and NSE.
Desclaimer: This Content Was Compiled By The IPO Investors Team After Researching and Reviewing The Kanohar Electricals IPO RHP (Red Herring Prospectus) And Other Official IPO-Related Documents Publicly Available To Investors. This Information Is Provided For Informational And Educational Purposes Only.
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