← All IPOs

Kanohar Electricals IPO Financials

MainboardListed
KANOHAR · Manufacturing · NSE

Updated · GMP, subscription and listing data refresh through the day.

Kanohar Electricals IPO Details

RegistrarMUFG Intime India Private Limited
Lead managersNuvama Wealth Management Limited
Fresh issue₹300 Cr
Offer for sale₹755.74 Cr
Market cap at the offer₹5,005 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (7,91,86,835 shares) multiplied by the upper end of the price band, ₹632. It is arithmetic on those two filed figures, not a valuation.

Kanohar Electricals IPO Objects of the Offer what the fresh issue funds

Object of the offer₹ crore
Funding the capital expenditure requirements of the Company₹64.18
Funding the incremental working capital requirements of the Company₹155
General corporate purposes—

As stated in the “Objects of the Offer” section of the offer document. Proceeds of the offer for sale go to the selling shareholders, not to the company.

Kanohar Electricals Financials ₹ in crore

Revenue CAGR+21.8%2023 → 2025 · 2 yrs
Profit CAGR+96.8%2023 → 2025 · 2 yrs
Total assets CAGR+23.1%2023 → 2025 · 2 yrs
00%1255%25010%37515%50020%202320242025
₹ crore202320242025
Revenue₹303.77₹276.69₹450.61
Expenses———
Net profit (PAT)₹16.81₹17.76₹65.12
PAT margin5.5%6.4%14.5%
Total assets₹285.22₹322.86₹432.07

Kanohar Electricals IPO Valuation and Listed Peers as stated in the offer document

CompanyP/EEPSRoNWNAV / share
Kanohar Electricals this issue, at ₹632—₹17.4334.8%₹50.09
Hitachi Energy India Limited159.55×₹221.6319.08%—
Bharat Heavy Electricals Limited91.3×₹4.66.13%—
Schneider Electric Infrastructure Limited155.12×₹8.8928.98%—
CG Power and Industrial Solutions Limited114.77×₹7.7215.82%—
Transformers & Rectifiers (India) Limited32.19×₹9.0717.64%—
GE Vernova T&D India Limited89.37×₹48.1645.85%—

The issue’s own figures are copied from the “Basis for the Offer Price” section of its offer document at the upper end of the price band, and the peers are the listed companies Kanohar Electricals names in that same section as its comparison set. Peer figures are for the periods the document states, so they are not necessarily the latest reported. Every cell is transcribed from the filing; none is calculated here, and a figure the document does not state is left blank.

Kanohar Electricals Shareholding before & after the IPO

Before the IPO
Pre-issue · the RHP's own shareholding pattern
99.72%
Promoter
After the IPO
Post-issue · projected from the offer structure
78.64%
Promoter
Promoter & promoter groupafter the IPO
Holding78.64%
Shares6,22,74,076
Through the IPO-21.08% · exiting

The founding owners and their group entities.

The pre-issue ring is the shareholding-pattern table printed in this issue’s red herring prospectus. No red herring prospectus states a post-issue register — every post-Offer column in one reads “[•], to be included in the Prospectus, subject to finalisation of Basis of Allotment”. So the second ring is worked out from the offer’s own structure. The fresh issue creates shares and dilutes everyone (₹3,000.00 million fresh issue ÷ ₹632 upper band); an offer for sale creates none, and moves the promoters’ holding only by what the promoters themselves sell — 74,231,991 held before the offer − 11,957,915 offered for sale by the promoters. Shares sold by an investor or any other shareholder reach the public without touching the promoter block. Projected at the upper end of the price band, and subject to the basis of allotment. Pre-issue percentages are taken from the disclosure, never estimated.

Kanohar Electricals Anchor Investors as filed with the exchange

Anchor bookAs filed
Shares allocated to anchors50,11,424
Anchor allocation price₹632
Amount raised from anchors₹316.72 Cr
Anchor investors42
Mutual fund schemes19

From the company’s anchor allocation letter filed with the exchange the day before bidding opened. The individual investors are not listed here: this issuer filed the letter as a scan, and rather than print names a reader could not rely on, only the figures the letter states are shown — each one checked against the letter’s own table, whose rows add up to the total exactly.

Kanohar Electricals IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹632
Retail (min)1 lot23₹14,536
Retail (max)13 lots299₹1,88,968
sHNI (min)14 lots322₹2,03,504
bHNI (min)69 lots1,587₹10,02,984

One lot is 23 shares, so a single application at the ₹632 cut-off costs ₹14,536. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

About Kanohar Electricals

Kanohar Electricals Limited manufactures power transformers, traction transformers, Scott connected transformers, shunt reactors, and high voltage gas insulated switchgear. The company works through manufacturing and EPC segments, serving industries such as power transmission, railways, renewable energy, and power distribution. It operates two manufacturing facilities in Meerut, Uttar Pradesh.

Kanohar Electricals IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
The company is an established player in the transformer manufacturing sector catering to high growth industries.
The company has over 40 years of experience in the Transformer Manufacturing Business.
The company has short circuit test certification for 500 MVA 400 kV power transformers, enabling it to compete for large contracts.
The company is certified by RDSO for manufacturing 100 MVA 132 kV Scott transformers and 100 MVA 220 kV Scott transformers.
The company has a backward integrated setup for manufacturing critical components like transformer tanks and radiators.
The company has a technical collaboration with CHEM for GIS technology, enabling it to offer advanced and environmentally friendly solutions.
The company has a successful track record of executing orders for large and marquee clients across various sectors.
▼ Risk factors (8)
A significant portion of revenue is derived from the Transformer Manufacturing Business, making the company vulnerable to reductions in demand for transformers.
Economic cyclicality or negative trends in high growth sectors like power transmission, railways, and renewable energy could adversely affect the company's business.
The company's Transformer Manufacturing Business is heavily reliant on demand from transmission utilities and government policies.
The company's revenue is significantly dependent on tenders awarded by government-controlled entities, and failure to win these tenders could adversely affect its business.
Under-utilization of manufacturing capacities or inability to effectively utilize them could adversely affect the company's business and future financial performance.
Disruptions in the region where the Gangol Manufacturing Facility is located could materially affect the company's business, financial condition, and results of operations.
The company's business is concentrated in India, and disruptions in key states could have a material adverse effect on its business, financial condition, and results of operations.
Dependence on a few customers for a significant portion of revenue poses a risk if demand decreases or customers are lost.

How to check Kanohar Electricals IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Kanohar Electricals Limited, the registrar is MUFG Intime India Private Limited — allotment is finalised in the days between the issue closing on 10 Sept 2026 and listing on 16 Sept 2026.

RegistrarMUFG Intime India Private Limited
You will needPAN, application number or demat ID
Issue closes10 Sept 2026
Listing date16 Sept 2026
Issue opens
Tue, 08 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Thu, 10 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Fri, 11 Sept, 2026
By MUFG Intime; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Tue, 15 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Wed, 16 Sept, 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.

Kanohar Electricals IPO Financials FAQs

What is the revenue of Kanohar Electricals?

Kanohar Electricals Limited reported revenue of ₹450.61 crore in FY2025, as restated in its offer document. The table on this page shows each reported year.

Is Kanohar Electricals profitable?

Kanohar Electricals Limited reported a profit after tax of ₹65.12 crore in FY2025. Earlier years are in the table above.

Where do the Kanohar Electricals IPO financials come from?

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

Kanohar Electricals IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Private Limited

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Kanohar Electricals IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (10 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited, not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹192 on a ₹632 upper band means the grey market is dealing at ₹824.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.