Kanohar Electricals Limited
Promoters Dinesh Singhal · Adesh Singhal · Vivek Singhal · Abhishek Singhal · Virat Singhal · Aditya Singhal · K Sons Family Trust
Against an issue price of ₹632. Split- and bonus-adjusted official closes — a past move, never a forecast.
Kanohar Electricals Limited raised ₹1,045 crore through a mainboard initial public offer.
The filing places it in Electrical Equipment and names seven promoters: Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal, Aditya Singhal and K Sons Family Trust.
The book was open from 8 September 2026 to 10 September 2026.
The issue was priced at ₹632 a share, from a band of ₹601 to ₹632.
As of the exchange's 10-Sep-2026 19:00:00 update the book was subscribed 90.6 times the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 215.37 times, non-institutional investors 87.74 times and retail investors 20.51 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
10.54 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
The shares listed on 16 September 2026.
The last official close on file is ₹817 (17 September 2026), which is 29.3% above the issue price.
It now trades as KANOHAR, and its filed financials are on its company page.
Shares sold in the issue at ₹632 last closed at ₹817.
See KANOHAR’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Registered office
- Central India
- Company website
- www.kanohar.com
- Registrar
- MUFG Intime India Private Limited
- Lead manager
- Nuvama Wealth Management Limited and IIFL Capital Services Limited (Formerly known as IIFL Securities Limited)
- Bidding opens8 Sept 2026
- Bidding closes10 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing16 Sept 2026
Investors have bid for 90.59 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 90.59x headline above and the two must never be compared or added together.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.02% between ₹601 and ₹632, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
We have not extracted an anchor allotment list for this issue.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment16 Oct 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment15 Dec 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment16 Mar 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment16 Mar 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2024 | ₹2.39 | ₹2.39 | 1 |
| FY2025 | ₹8.75 | ₹8.75 | 2 |
| FY2026 | ₹17.43 | ₹17.43 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Bharat Heavy Electricals Limited | 91.3 | 5.6 | 6.1% | 4.60 | ₹3,37,822 cr |
| CG Power and Industrial Solutions Limited | 114.8 | 18.4 | 15.8% | 7.72 | ₹1,24,180 cr |
| GE Vernova T&D India Limited | 89.4 | 100.4 | 45.9% | 48.16 | ₹62,063 cr |
| Hitachi Energy India Limited | 159.6 | 30.4 | 19.1% | 221.63 | ₹81,477 cr |
| Schneider Electric Infrastructure Limited | 155.1 | 45.0 | 29.0% | 8.89 | ₹28,906 cr |
| Transformers And Rectifiers (India) Limited | 32.2 | 5.7 | 17.6% | 9.07 | ₹25,088 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Nuvama Wealth Management Limited and IIFL Capital Services Limited 2026 – 2026 | 1 | +18.9% | — | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Mufg Intime India Private Limited 2025 – 2026 | 77 16 measurable | +18.5% | 1 of 5 | 1 of 1 | 1 of 4 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive11 Sept 2026
- Red herring prospectus (RHP)· ZIP · exchange archiveNO_TABLE
- Draft red herring prospectus (DRHP)· PDF · exchange archive24 Jan 2026
- Abridged prospectus· PDF · exchange archive3 Sept 2026
- Anchor investor allotment· ZIP · exchange archivePARSE_FAILED
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.