Kanohar Electricals IPO Day 3: Subscription Closes Today, 10 September 2026

Kanohar Electricals IPO closes today, 10 Sep 2026. Subscribed 6.49x through Day 2 (1:58 PM), up from 2.71x at Day 1 close. Price band Rs 601-632.

Updated: 10 Sept 2026 • 9:30 am

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Quick Answer

The Kanohar Electricals IPO is on its final day of bidding on 10 September 2026, with the subscription window closing today. The issue has built strong momentum through its bidding window, closing Day 1 at 2.71 times overall and reaching around 6.49 times through Day 2, led by retail and non-institutional investors, while the QIB category still had room to grow. With bidding open until the end of today's session, the final Kanohar Electricals IPO subscription figure could run higher still as institutional bids typically arrive in the closing hours.

Kanohar Electricals Limited, a Meerut based transformer manufacturer, has reached the final day of its IPO subscription window today, 10 September 2026. The Kanohar Electricals IPO opened on 8 September and is a mainboard, book built issue worth about Rs 1,055.74 crore, comprising a fresh issue and an offer for sale. The shares are proposed to list on both NSE and BSE.

Demand for the issue has built steadily through the bidding window. The issue closed Day 1 subscribed 2.71 times overall, with NII leading at 4.88 times and retail at 3.31 times, while QIB stood at just 0.04 times. By early afternoon on Day 2, the overall book had climbed to around 6.49 times. On the closing day itself, the issue is well placed to extend this run further if institutional bids add meaningfully to the QIB book in the final hours.

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Table of Contents

Kanohar Electricals IPO Details

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

Open Date	8 September 2026
Close Date	10 September 2026
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 Subscription Status Day 3

The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the closing day itself.

Session	Overall	NII	Retail	QIB
Day 1 close (8 Sep, 5:06 PM)	2.71x	4.88x	3.31x	0.04x
Day 2 (9 Sep, 1:58 PM)	6.49x	Category split updating
Day 3, closing day so far (10 Sep)	Updating through the session

NII and retail investors have driven the demand for the issue through the bidding window, while the QIB book was still thin as of the Day 1 close. With bidding open until the end of today's session, the final subscription numbers for the issue should be confirmed on the NSE and BSE websites once the window shuts.

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 so the bid amount is blocked rather than debited immediately.
Approve the UPI mandate on your phone well before the cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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 closed out its bidding window with strong momentum, running at around 6.49 times overall through Day 2, led throughout by retail and NII demand. 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 before the window shuts today.

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 3?

Ans. On the closing day, 10 September 2026, the issue carries forward a strong run, having reached around 6.49 times overall through Day 2, up from 2.71 times at the Day 1 close, with figures updating through today's final session.

When does the Kanohar Electricals IPO close?

Ans. The issue closes for subscription today, 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 investment to about Rs 14,536 at the upper price band.

Which category led the Kanohar Electricals IPO subscription?

Ans. Non-institutional investors led the issue at the Day 1 close, subscribing 4.88 times, narrowly ahead of retail at 3.31 times, while qualified institutional buyers stood at only 0.04 times at that stage.

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 before it closes?

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 today's 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 both NSE and BSE tentatively scheduled for 16 September 2026.

What will happen to allotment given how oversubscribed the Kanohar Electricals IPO is?

Ans. With the issue running well past full subscription in the retail and NII categories, retail allotment will likely be decided by computerised lottery for the minimum lot, while NII allotment will be proportionate, giving a smaller share per applicant the more heavily the category is subscribed.

What is the issue 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.

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.