IPO profile
Kanohar Electricals Limited
KANOHAR · NSE
- Price band
- ₹601 - ₹632
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 23 shares
- Minimum Application
- ₹14,536
- Issue Size
- Rs. 1056 Cr
- Face Value
- Not available
- Issue Price
- ₹632
Company Overview
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.
Important Dates
- Open Date
- 8 Sept 2026
- Close Date
- 10 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 16 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 16 Sept 2026
- Actual Listing Price
- ₹685.5
- Gain/Loss Per Share
- +₹53.5
- Gain/Loss Per Lot
- +₹1,230.5
- Listing Gain/Loss %
- +8.47%
- Measured Against
- ₹632
- Lot Size
- 23 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- 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
Key risks
- 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.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.