Kanohar Electricals IPO is a mainboard book-building public issue with a total size of approximately ₹1,055.74 crore.
The offering combines a fresh issue of approximately 47.47 lakh equity shares worth ₹300 crore with an offer for sale of approximately 1.20 crore shares valued at ₹755.74 crore.
The IPO is scheduled to open for subscription on 8 September 2026 and close on 10 September 2026. The equity shares are proposed to be listed on both NSE and BSE.
Kanohar Electricals IPO Details
Kanohar Electricals Limited is launching a ₹1,055.74 crore book-building IPO. The issue includes a fresh capital component as well as an offer for sale by an existing shareholder.
The fresh issue consists of approximately 47.47 lakh shares aggregating to ₹300 crore. The offer for sale comprises around 1.20 crore shares with an issue value of approximately ₹755.74 crore.
The IPO price band has been fixed at ₹601 to ₹632 per share. Investors can apply for a minimum of 23 shares and thereafter in multiples of 23 shares.
At the upper price band of ₹632, the minimum retail application requires an investment of ₹14,536.
Kanohar Electricals IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 8 September 2026 |
| IPO Close Date | 10 September 2026 |
| IPO Size | ₹1,055.74 Crore |
| Price Band | ₹601 to ₹632 per share |
| Face Value | ₹2 per share |
| Lot Size | 23 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue + Offer for Sale |
| Listing Exchange | NSE and BSE |
| Market Cap at Upper Band | ₹5,004.61 Crore |
| Expected Allotment | 11 September 2026 |
| Refund / Unblocking | 15 September 2026 |
| Demat Credit | 15 September 2026 |
| Tentative Listing Date | 16 September 2026 |
Kanohar Electricals IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 1,67,04,750 | Up to ₹1,055.74 Cr |
| Fresh Issue | 47,46,835 | Up to ₹300 Cr |
| Offer for Sale | 1,19,57,915 | Up to ₹755.74 Cr |
Kanohar Electricals IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Tuesday, 8 September 2026 |
| IPO Closes | Thursday, 10 September 2026 |
| Allotment | Friday, 11 September 2026 |
| Refund / Unblocking | Tuesday, 15 September 2026 |
| Shares Credited to Demat | Tuesday, 15 September 2026 |
| Listing | Wednesday, 16 September 2026 |
Kanohar Electricals IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Retail Investors | Not less than 35% |
| Non-Institutional Investors (NII) | Not less than 15% |
Kanohar Electricals IPO Lot Size
Investors can place bids for a minimum of 23 shares. Additional applications must be made in multiples of 23 shares.
| Investor Category | Lots | Shares | Investment at ₹632 |
|---|---|---|---|
| Retail Minimum | 1 | 23 | ₹14,536 |
| Retail Maximum | 13 | 299 | ₹1,88,968 |
| S-HNI Minimum | 14 | 322 | ₹2,03,504 |
| S-HNI Maximum | 68 | 1,564 | ₹9,88,448 |
| B-HNI Minimum | 69 | 1,587 | ₹10,02,984 |
About Kanohar Electricals Ltd.
Kanohar Electricals Limited was incorporated in 1972 and is engaged in the manufacturing of transformers for the Indian electrical infrastructure market.
The company serves several important sectors, including power transmission, power distribution, railways and renewable energy. Its operations are divided into two principal segments: transformer manufacturing and engineering, procurement and construction (EPC).
Kanohar Electricals is among the limited number of transformer manufacturers in India certified by the Research Designs and Standards Organisation (RDSO) for manufacturing 100 MVA 132 kV Scott transformers used in railway applications.
The company operates two manufacturing facilities at Rithani and Gangol in Meerut, Uttar Pradesh. Together, these facilities had an aggregate transformer manufacturing capacity of approximately 19,200 MVA as of March 31, 2026.
Kanohar Electricals also maintains regional offices in Delhi, Mumbai, Kolkata, Bengaluru and Chennai. The company had a workforce of more than 526 employees as of the latest reported period.
Kanohar Electricals Business Strengths
- Established presence in the transformer manufacturing industry with operations dating back to 1972.
- Exposure to structural demand from power transmission, distribution, railways and renewable energy.
- Integrated presence across transformer manufacturing and EPC activities.
- Manufacturing capacity of approximately 19,200 MVA across its Meerut facilities.
- RDSO certification for manufacturing 100 MVA 132 kV Scott transformers for railway applications.
- Capability to manufacture large transformers and serve high-value electrical infrastructure projects.
- Strong improvement in revenue and profitability during FY2026.
Kanohar Electricals Financial Performance
Kanohar Electricals reported strong financial growth in FY2026. Total income increased to ₹662.86 crore from ₹457.30 crore in FY2025, while profit after tax rose to ₹129.73 crore from ₹65.12 crore.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| 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 Borrowings | 39.04 | 32.27 | 42.08 |
| Assets | 613.93 | 432.07 | 322.86 |
Kanohar Electricals IPO Objects of the Issue
The net proceeds from the fresh issue are proposed to be deployed toward capital expenditure, additional working capital requirements and general corporate purposes.
| No. | Use of IPO Funds | Estimated Amount |
|---|---|---|
| 1 | Funding the capital expenditure requirements of the company. | ₹64.18 Cr |
| 2 | Funding incremental working capital requirements of the company. | ₹155.00 Cr |
| 3 | General corporate purposes. | Balance Amount |
| Total Identified Proceeds | ₹219.18 Cr | |
Kanohar Electricals IPO Key Performance Indicators
| KPI | 31 Mar 2026 | 31 Mar 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 |
Kanohar Electricals IPO Valuation
Based on the upper IPO price of ₹632 per share, Kanohar Electricals is valued at an estimated post-issue market capitalization of approximately ₹5,004.61 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹17.43 | ₹16.38 |
| P/E Ratio | 36.26x | 38.58x |
| Market Capitalisation | ₹4,705 Cr | ₹5,004.61 Cr |
Kanohar Electricals Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 99.72% | 78.64% |
| Public | 0.28% | 21.36% |
| Total | 100% | 100% |
Company Promoters: Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal and Aditya Singhal.
Kanohar Electricals IPO Offer for Sale
The offer for sale consists of shares offered by the existing promoter selling shareholder. Proceeds from the OFS will accrue to the selling shareholder and will not be received by the company.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| K.Sons Family Trust | Promoter | 1,19,57,915 | ₹755.74 Cr |
| Total OFS | 1,19,57,915 | ₹755.74 Cr |
Kanohar Electricals IPO Registrar & Lead Managers
IPO Registrar: MUFG Intime India Pvt. Ltd.
Book Running Lead Managers:
- Nuvama Wealth Management Ltd.
- IIFL Capital Services Ltd.
Kanohar Electricals Ltd. Contact Details
Registered / Corporate Office:
Rithani,
Delhi Road,
Meerut,
Uttar Pradesh – 250103
Phone: 0121-3500801-05
Email: compliance@kanohar.com
Kanohar Electricals IPO Quick Summary
Kanohar Electricals IPO is a mainboard public issue of approximately ₹1,055.74 crore. The IPO will open on 8 September 2026 and close on 10 September 2026.
The IPO price band is ₹601 to ₹632 per share and the minimum lot size is 23 shares. At the upper price band, one retail lot requires ₹14,536.
The issue consists of a fresh issue of approximately ₹300 crore and an OFS of approximately ₹755.74 crore. The shares are proposed to be listed on both NSE and BSE.
Kanohar Electricals operates in transformer manufacturing and EPC services, with exposure to power transmission, distribution, railways and renewable energy.
Kanohar Electricals IPO FAQs
Disclaimer
This article is intended for educational and informational purposes only. IPO investments are subject to market risks and the information provided should not be considered investment advice. Investors should read the company’s RHP and other official documents carefully and conduct independent research before making any investment decision.
