Kanohar Electricals Limited
MainboardKANOHAR • BSE, NSE
Issue details
Price band
₹601 - ₹632
Lot size
23 shares
Issue size
₹739.02 Cr
Min. investment
₹14,536
Registrar
MUFG Intime India
Subscription
69.53x
Grey market premium
Est. gain+₹192 · 30%
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IPO Timeline
Open
8 Sep
Close
10 Sep
Allotment
11 Sep
Listing
16 Sep
- Refunds & demat credit
- 12 Sep 2026
- Mandate end
- 25 Sep 2026
- Anchor lock-in 50%
- 11 Oct 2026
- Anchor lock-in 100%
- 10 Dec 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 23shares 1 lot · ₹14,536 | 299shares 13 lots · ₹1,88,968 |
| sNII (₹2L–₹10L) | 322shares 14 lots · ₹2,03,504 | 1,564shares 68 lots · ₹9,88,448 |
| bNII (above ₹10L) | 1,587shares 69 lots · ₹10,02,984 | No limit funds permitting |
Based on the upper price band of ₹632 and a lot of 23 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| Retail (IND) | 58,46,663 | 8,59,11,624 | 14.69x |
| Total | 1,16,93,326 | 81,30,93,171 | 69.53x |
Last updated 51 days ago.
Issue structure
Face value
₹2 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹300 Cr
47,46,835 shares
Offer for sale
₹756 Cr
1,19,57,915 shares
Shares pre-issue
7,44,40,000
Shares post-issue
7,91,86,835
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 17.43 | 16.38 |
| P/E | 36.26 | 38.58 |
| Market cap | ₹4,704.61 Cr. | ₹5,950.89 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 42.12% | 30.92% |
| ROCE | 70.13% | 47.61% |
| Debt/Equity | 0.10 | 0.13 |
| RoNW | 34.80% | 26.78% |
| PAT Margin | 19.57% | 14.24% |
| EBITDA Margin | 27.59% | 20.73% |
| NAV | 50.09 | 32.66 |
| Price to Book Value | 12.62 | 19.35 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 662.86 | 457.3 | 281.12 |
| Profit after tax | 129.73 | 65.12 | 17.76 |
| EBITDA | 180.42 | 93.39 | 31.07 |
| Net worth | 372.84 | 243.13 | 178.12 |
| Assets | 613.93 | 432.07 | 322.86 |
| Reserves & surplus | 357.95 | 239.12 | 174.11 |
| Total borrowing | 39.04 | 32.27 | 42.08 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding the capital expenditure requirements of Company₹64.18 Cr
- 2.Funding the incremental working capital requirements of Company₹155 Cr
- 3.General Corporate Purposes₹55.5 Cr
- 4.Issue Expenses₹65.25 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Powerica Ltd.Mainboard | ₹395 | 24.45 | ₹390.00 | -1.27% |
| Atlanta Electricals Ltd.Mainboard | ₹754 | 46.33 | ₹823.35 | +9.20% |
| Anawil Wire & Engineering Ltd.SME | ₹270 | 14.53 | ₹346.10 | +28.19% |
| Accord Transformer & Switchgear Ltd.SME | ₹46 | 11.41 | ₹52.50 | +14.13% |
| Avana Electrosystems Ltd.SME | ₹59 | 12.4 | ₹80.30 | +36.10% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.