Kanohar Electricals IPO Day 1: Subscription Opens Today, 8 September 2026
- September 8, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Kanohar Electricals IPO opens today, 8 Sep 2026, closes 10 Sep 2026. Price band Rs 601-632. Lot size 23 shares. Lists on NSE and BSE on 16 Sep.
Quick Answer
The Kanohar Electricals IPO opens for subscription today, 8 September 2026, and will remain open until 10 September 2026. Kanohar Electricals Limited is a Meerut based transformer manufacturer raising about Rs 1,055.74 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE. The price band is set at Rs 601 to Rs 632 per share, with a lot size of 23 shares. Since bidding has only just opened, category wise subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers on NSE and BSE through the session before deciding.
Kanohar Electricals Limited, incorporated in 1972 and engaged in the manufacturing of transformers in India, has opened its IPO for subscription today, 8 September 2026. The Kanohar Electricals IPO is a mainboard, book built issue worth Rs 1,055.74 crore, comprising a fresh issue of 47,46,835 shares worth up to Rs 300 crore and an offer for sale of 1,19,57,915 shares worth about Rs 755.74 crore, and will remain open for bidding until 10 September 2026. The equity shares are proposed to be listed on both NSE and BSE.
The company caters to power transmission, railways, renewable energy and power distribution sectors, operating through two business segments, transformer manufacturing and engineering, procurement and construction. Demand for power and distribution transformers is projected to expand meaningfully over the coming years as grid modernisation and renewable integration accelerate, and the fresh issue proceeds of the Kanohar Electricals IPO are earmarked in part for capacity expansion and working capital needs.
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Kanohar Electricals IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 8 September 2026 |
| Close Date | 10 September 2026 |
| Face Value | Rs 2 per share |
| Price Band | Rs 601 to Rs 632 per share |
| Lot Size | 23 shares |
| Issue Size | Rs 1,055.74 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 11 September 2026 |
| Listing Date | 16 September 2026 |
Kanohar Electricals IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 14,536 (1 lot, 23 shares) |
| Maximum retail application | Rs 1,88,968 (13 lots, 299 shares) |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Managers | Nuvama Wealth Management Ltd, IIFL Capital Services Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Kanohar Electricals IPO Share Reservation
The issue reserves around 50 percent of the net offer for qualified institutional buyers, about 15 percent for non-institutional investors, and roughly 35 percent for retail individual investors. Retail bidders can apply for a minimum of 1 lot, or 23 shares, and up to 13 lots, or 299 shares.
Kanohar Electricals IPO Subscription Status Day 1
Bidding for the issue has opened today, 8 September 2026, so the category wise numbers below will fill in as the session progresses. In mainboard issues of this size, institutional and larger HNI bids typically arrive closer to the final day.
| Investor Category | Subscription Status, Day 1 (8 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Kanohar Electricals IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 601 to Rs 632 band, in multiples of 23 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 10 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Kanohar Electricals Limited
Kanohar Electricals Limited, incorporated in 1972 and based in Meerut, manufactures power transformers, traction transformers, Scott transformers, shunt reactors and distribution transformers, and also undertakes engineering, procurement and construction work for substations and transmission lines. The company serves the power transmission, railways, renewable energy and power distribution sectors, and its revenue and profit have both grown sharply over the last two fiscal years as it has scaled up execution ahead of the issue.
Conclusion
The issue has opened for bidding today, 8 September 2026, backed by a growing transformer and EPC business serving India’s power infrastructure buildout. Investors considering the issue should study the company financials, order book and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Kanohar Electricals IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 8 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE and BSE as the day progresses, and it is common for institutional and larger HNI bids to arrive closer to the close.
When does the Kanohar Electricals IPO open and close?
Ans. The issue opened for subscription today, 8 September 2026, and will close on 10 September 2026, a standard three day bidding window for a mainboard issue.
What is the Kanohar Electricals IPO price band and lot size?
Ans. The issue price band is Rs 601 to Rs 632 per share, with a lot size of 23 shares. Retail investors must apply for a minimum of 1 lot, taking the minimum investment to about Rs 14,536 at the upper price band, and can apply for up to 13 lots, or 299 shares, worth about Rs 1,88,968.
What is the issue size and structure of the Kanohar Electricals IPO?
Ans. The issue is worth Rs 1,055.74 crore, comprising a fresh issue of 47,46,835 shares aggregating up to Rs 300 crore and an offer for sale of 1,19,57,915 shares aggregating to about Rs 755.74 crore. The fresh issue proceeds go to the company, while the offer for sale portion goes to the selling shareholders.
How are shares reserved across investor categories in the Kanohar Electricals IPO?
Ans. The issue reserves around 50 percent of the net offer for qualified institutional buyers, about 15 percent for non-institutional investors, and roughly 35 percent for retail individual investors.
What is the Kanohar Electricals IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Kanohar Electricals IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 23 shares and your price within the Rs 601 to Rs 632 band, then approve the UPI mandate request on your phone before the daily cut off.
When will the Kanohar Electricals IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 11 September 2026, and the shares are tentatively scheduled to list on both NSE and BSE on 16 September 2026.
What does Kanohar Electricals Limited do?
Ans. Kanohar Electricals Limited manufactures power transformers, traction transformers, Scott transformers, shunt reactors and distribution transformers, and also undertakes engineering, procurement and construction work for substations and transmission lines, serving the power transmission, railways, renewable energy and power distribution sectors from its Meerut base.
Who are the registrar and lead managers for the Kanohar Electricals IPO?
Ans. MUFG Intime India Pvt Ltd is the registrar for the issue, while Nuvama Wealth Management Ltd and IIFL Capital Services Ltd are the book running lead managers for the issue.
