• Price band of Rs 601 – Rs 632 per Equity Share bearing face value of Rs 2 each (“Equity Shares”)
  • Bid/Offer Opening Date – Tuesday, September 08, 2026 and Bid/Offer Closing Date – Thursday, September 10, 2026
  • Minimum Bid Lot is 23 Equity Shares and in multiples of 23 Equity Shares thereafter

Mumbai: Kanohar Electricals Limited has fixed the price band of Rs 601/- to Rs 632/- per Equity Share of face value Rs 2/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Tuesday, September 08, 2026, for subscription and close on Thursday, September 10, 2026.

Investors can bid for a minimum of 23 Equity Shares and in multiples of 23 Equity Shares thereafter.

Equity shares outstanding as on date is 74,440,000 Equity Shares of Rs 2 each.

The offer, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 300 crore and an offer-for-sale for up to 11,957,915 shares by promoter – K Sons Family Trust.

The proceeds from its fresh issuance worth Rs 64.1 crore will be used for funding the capital expenditure requirements of the company toward the purchase of new machinery and equipment for its Gangol manufacturing facility for increasing its transformer manufacturing capacity, expanding and automating its backward integration facilities and enhancing operational efficiency, civil construction and interior development of an office building at its Gangol manufacturing facility, and  enhancing its sustainability initiatives by setting up of solar power plants at its manufacturing facilities, and purchasing electric vehicles for handling and movement at its Gangol manufacturing facility. Also, Rs 155 crore for funding the incremental working capital requirements of the company, and general corporate purposes.

The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).

The company is one of the leading domestic players in transformer manufacturing in terms of revenue in Fiscal 2026. The company caters to high-growth industries such as power transmission, railways, renewable energy and power distribution (Source: CARE Report).

The company has over 40 years of experience in its transformer manufacturing business. As a part of its transformer manufacturing business, it manufactures five different types of transformers with customized technical specifications to address the energy needs of industries to which we cater, which include power transmission, railways, renewable energy and power distribution.

The company’s revenue from operations was Rs 653.83 crore in FY26 as against Rs 276.6 crore in FY24. Its net profit was Rs 129.7 crore in FY26 as against Rs 17.7 crore in FY24.

Nuvama Wealth Management Limited and IIFL Capital Services Limited are the book-running lead manager, and MUFG Intime India Private Limited is the registrar of the Offer. The equity shares are proposed to be listed on NSE and BSE.