Mumbai, Maharashtra, 3rd of September, 2026 : Kanohar Electricals Limited’s Initial Public Offering (IPO) will open for subscription on Tuesday, September 8, 2026, and close on Thursday, September 10, 2026. The company has fixed a price band of ₹601 to ₹632 per equity share for the IPO. Each equity share has a face value of ₹2. Investors can bid for a minimum of 23 equity shares and thereafter in multiples of 23 shares.
Of the proceeds from the fresh issue, ₹64.1 crore will be utilised for the purchase of new machinery and equipment, expansion of manufacturing capacity, strengthening of backward integration facilities, automation, office construction and sustainability initiatives. Another ₹155 crore will be used to meet additional working capital requirements.
Kanohar Electricals is among the leading domestic companies in the transformer manufacturing segment and caters to sectors including power transmission, railways, renewable energy and power distribution. The company’s revenue from operations increased to ₹653.83 crore in FY26, while its net profit stood at ₹129.7 crore. The company’s shares are proposed to be listed on both the National Stock Exchange of India (NSE) and the BSE.
More Stories
Baazar Kolkata Creates History With Eastern India’s First 20 Ft × 10 Ft Aerial LED Screen Activation.
Gulf Medical University Commences 2026–2027 Academic Year.
Union Home Minister And Minister Of Cooperation Shri Amit Shah Chairs The 28th Meeting Of The Western Zonal Council In Panaji, Goa.