Minimum Investment
About Company
Company Name: Kanohar Electricals Limited
Industry / Sector: Heavy Electrical Equipment / Transformer Manufacturing
Founded Year: 1972
Promoters: Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal, Aditya Singhal
Kanohar Electricals Limited is engaged in the manufacturing of transformers in India. The Company caters to industries such as power transmission, railways, renewable energy and power distribution. It operates through two business segments: (i) transformer manufacturing and (ii) engineering, procurement and construction (EPC). It is one of four manufacturers in India certified by the Research Designs and Standards Organisation (RDSO), the research and development arm of Indian Railways, for manufacturing 100 MVA 132 kV Scott transformers. The company operates two manufacturing facilities in Rithani and Gangol, Meerut, Uttar Pradesh, with an aggregate transformer manufacturing capacity of 19,200 MVA as on March 31, 2026. It has five regional offices and a team of over 526 employees.
IPO Basic Details
| Company Name | Kanohar Electricals Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹601 – ₹632 |
| Lot Size | 23 Shares |
| Total Issue Size | 1,67,04,750 Equity Shares (₹1,056 Cr) |
IPO Strengths & Risks
Strengths
- One of four manufacturers in India certified by RDSO for 100 MVA 132 kV Scott transformers
- Among only five Indian companies with short-circuit test certification for 500 MVA, 400 kV power transformers
- Established presence since 1972 with over five decades of experience
- Two manufacturing facilities with 19,200 MVA annual capacity
- Diversified customer base across power transmission, railways, and renewable energy sectors
Risks
- High dependence on the power and infrastructure sectors
- Exposure to raw material price volatility (copper, steel, etc.)
- Competition from other transformer manufacturers
- Working capital intensive business model
- Project execution and cost overrun risks in EPC segment
IPO Important Dates
| IPO Open Date | 08 Sep 2026 |
| IPO Close Date | 10 Sep 2026 |
| Basis of Allotment | 11 Sep 2026 |
| Refund Initiation | Not specified in the source |
| Demat Credit Date | 15 Sep 2026 |
| Listing Date | 16 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | Not more than 50% of the Net Offer |
| Retail Quota | Not less than 35% of the Net Offer |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 23 | ₹14,536 |
| Retail Maximum | 13 Lots | 299 | ₹1,88,968 |
| S-HNI Minimum | 14 Lots | 322 | ₹2,03,504 |
| S-HNI Maximum | 67 Lots | 1,541 | ₹9,73,912 |
| B-HNI Minimum | 68 Lots | 1,564 | ₹9,88,448 |
Key Performance Indicators (KPI)
| ROE | 42.12% |
| ROCE | 70.13% |
| RoNW | - |
| PAT Margin | 19.57% |
| EBITDA Margin | 27.59% |
| EPS | ₹17.43 (Pre-IPO) |
| NAV per share | - |
| Debt to Equity | 0.10 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹613.93 Cr | ₹662.86 Cr | ₹129.73 Cr | ₹180.42 Cr | ₹372.84 Cr | ₹39.04 Cr |
| FY2025 | ₹432.07 Cr | ₹457.30 Cr | ₹65.12 Cr | ₹93.39 Cr | ₹243.13 Cr | ₹32.27 Cr |
| FY2024 | ₹322.86 Cr | ₹281.12 Cr | ₹17.76 Cr | ₹31.07 Cr | ₹178.12 Cr | ₹42.08 Cr |
Grey Market Premium
| GMP Price | ₹170 (as of 4 Sep 2026) |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 04 Sep 2026 |
| Estimated Listing Price | ₹802 (approx. 27% premium over upper price band) |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Manager(s)
Company Information
Address: Rithani, Delhi Road, Meerut, Uttar Pradesh - 250103
Website: https://www.kanohar.com/
Email: compliance@kanohar.com
Phone: 121-3500801-05
IPO Documents
Frequently Asked Questions (FAQ)
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