Kanohar Electricals Ltd’s initial public offering (IPO) opens for subscription on September 8 and runs for three days, ending September 10. The company sets a price band of ₹601–₹632 per equity share. The IPO is valued at ₹1,056 crore, with a mix of a fresh issue and an offer-for-sale.
According to the sources, the IPO includes a fresh issue of shares worth up to ₹300 crore and an offer-for-sale of up to 1.2 crore shares, valued at ₹756 crore at the upper end of the price band. The offer-for-sale is made by promoter K Sons Family Trust. The proceeds from the fresh issue are directed toward capex needs, including machinery and equipment for the Gangol manufacturing facility, backward integration expansion and automation, related civil work, and sustainability initiatives. The company also allocates incremental working capital funding, with the remainder for general corporate purposes.
Sources also provide business and fundraising context. Kanohar operates in transformer manufacturing and an engineering, procurement and construction (EPC) segment covering turnkey substation and transmission-line projects. They cite strong growth figures for FY26 revenue and net profit and list Nuvama Wealth Management and IIFL Capital Services as book-running lead managers, with MUFG Intime India as registrar.
