Kanohar Electricals IPO Day 2: Subscription Status on 9 September 2026

Kanohar Electricals IPO Day 2, 9 Sep 2026. Subscribed 2.71x at Day 1 close: NII 4.88x, Retail 3.31x, QIB 0.04x. Price band Rs 601-632. Closes 10 Sep.

The issue has entered Day 2 of its three day bidding window, which opened on 8 September and closes on 10 September 2026. Kanohar Electricals Limited, a Meerut based transformer manufacturer, is 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.

Day 1 bidding for the issue crossed full subscription within two hours of opening, with retail and non-institutional investors carrying the bulk of the demand through the session, while institutional participation remained thin. With QIB bids on mainboard issues typically concentrating on the final day, today’s session and the 10 September close will be decisive for where the book ultimately lands.

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Kanohar Electricals IPO Details

The table below sets out the key parameters of the issue.

Kanohar Electricals IPO Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.

Non-institutional investors led the issue through Day 1, narrowly ahead of retail, while the QIB category has barely engaged so far. Investors should treat the Day 2 figures as provisional since bidding remains open until the 10 September close, when institutional demand typically becomes clearer.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Kanohar Electricals IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. 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.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 10 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 10 September close.

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.

Conclusion

The issue has opened strongly, crossing full subscription within hours on Day 1 with retail and NII demand leading the way, while the QIB book has room to build before the 10 September close. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

FAQs

What is the Kanohar Electricals IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 2.71 times overall, with NII leading at 4.88 times, retail at 3.31 times, and QIB at 0.04 times, and figures for Day 2, 9 September 2026, are updating through today’s session.

When does the Kanohar Electricals IPO close?

Ans. The issue closes for subscription on 10 September 2026, having opened on 8 September 2026.

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, taking the minimum retail investment to about Rs 14,536 at the upper band.

Which category led the Kanohar Electricals IPO on Day 1?

Ans. Non-institutional investors led the issue on Day 1, subscribing their reserved portion 4.88 times, narrowly ahead of retail investors at 3.31 times, while qualified institutional buyers recorded only 0.04 times.

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.

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, entering your bid in multiples of 23 shares within the Rs 601 to Rs 632 band and approving the UPI mandate 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, with listing on NSE and BSE tentatively scheduled for 16 September 2026.

Is the Kanohar Electricals IPO likely to close oversubscribed?

Ans. The issue was already subscribed 2.71 times through Day 1, so barring a sharp slowdown, the issue is well placed to close oversubscribed, though the QIB book, which stood at only 0.04 times, will only become clearer closer to the 10 September deadline.

What is the reservation split 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 does Kanohar Electricals Limited do?

Ans. Kanohar Electricals Limited manufactures power transformers, traction transformers and distribution transformers, and also undertakes engineering, procurement and construction work for substations and transmission lines from its Meerut base.