IPO details · Updated
Kanohar Electricals Limited
- Price Band
- ₹601 – ₹632
- Lot Size
- 23 shares
- Min. Investment
- ₹14,536
- Issue Size
- ₹1,055.74 Cr
- Offer Dates
- 8 Sept – 10 Sept 2026
- Listing
- 16 Sept 2026
Issue Details
- Total Issue Size
- ₹1,055.74 Cr
- 1,67,04,750 shares
- Fresh Issue
- ₹300 Cr
- 47,46,835 shares
- Offer for Sale
- ₹755.74 Cr
- 1,19,57,915 shares
- Face Value
- ₹2 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 7,44,40,000
- Shares Post-Issue
- 7,91,86,835
IPO Timeline
Offer opens
8 Sept 2026
Offer closes
10 Sept 2026
Allotment
11 Sept 2026
Listing
16 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor30.0%50,11,424 shares
- QIB20.0%33,40,950 shares
- HNI15.0%25,05,713 shares
- Retail35.0%58,46,663 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 33,40,950 | 71,95,39,590 | 215.37x |
| NII | 25,05,713 | 21,98,49,456 | 87.74x |
| Retail | 58,46,663 | 11,98,99,460 | 20.51x |
| Total | 1,16,93,326 | 1,05,92,88,506 | 90.59x |
Lot Size & Investment
1 lot = 23 shares
Retail (min)
1 lot · 23 shares
Retail (max)
13 lots · 299 shares
S-HNI (min)
14 lots · 322 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 23 | ₹14,536 |
| Small HNI (S-HNI) | 14 | 322 | ₹2,03,504 |
| Big HNI (B-HNI) | 69 | 1,587 | ₹10,02,984 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 613.93 | 432.07 | 322.86 |
| Total Income | 662.86 | 457.3 | 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 & Surplus | 357.95 | 239.12 | 174.11 |
| Total Borrowing | 39.04 | 32.27 | 42.08 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 |
|---|---|---|
| RoNW (%) | 34.8 | 26.78 |
| EPS (₹) | — | 17.43 |
| P/E (pre-issue) | — | 36.26 |
| P/E (post-issue) | — | 38.58 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Hitachi Energy India | 159.55 | 19.08% |
| Bharat Heavy Electricals | 91.3 | 6.13% |
| Schneider Electric Infrastructure | 155.12 | 28.98% |
| CG Power and Industrial Solutions | 114.77 | 15.82% |
| Transformers & Rectifiers (India) | 32.19 | 17.64% |
| GE Vernova T&D India | 89.37 | 45.85% |
About Kanohar Electricals Limited
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. The Company operates through two business segments: (i) transformer manufacturing and (ii) engineering, procurement and construction (EPC). It 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. Kanohar Electricals Limited operates two manufacturing facilities in Rithani, Meerut, Uttar Pradesh (“Rithani Manufacturing Facility”) and Gangol, Meerut, Uttar Pradesh (“Gangol Manufacturing Facility” and collectively with Rithani Manufacturing Facility, “Manufacturing Facilities”) with an aggregate transformer manufacturing capacity of 19,200 MVA as on March 31, 2026. The Company has five regional offices located in NCT of Delhi, Mumbai, Maharashtra, Kolkata, West Bengal, Bangalore, Karnataka, and Chennai, Tamil Nadu, and a team of over 526 employees to cater to our customers across India.
Objects of the Issue
- Funding the capital expenditure requirements of Company (₹64.18 Cr)
- Funding the incremental working capital requirements of Company (₹155.00 Cr)
- General Corporate Purposes (₹55.50 Cr)
- Issue Expenses (₹65.25 Cr)
Promoters
- <p>Dinesh Singhal
- Adesh Singhal
- Vivek Singhal
- Abhishek Singhal
- Virat Singhal
- Aditya Singhal</p>
Company Information
- Book running lead managers
- Nuvama Wealth Management Ltd.
- IIFL Capital Services Ltd.
- Registered office
- Rithani,, Delhi Road, Meerut, Uttar Pradesh, 250103
Official Documents
Opens the source filing in a new tab
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