Kanohar Electricals Ltd. IPO

Min Investment
₹ 14,536 / 23 shares
Price Range
₹601 - ₹ 632
Bidding Dates
8 Sep '26 - 10 Sep '26
Total Issue Value
1,055.74 Cr
Lot Size
23
Total Issue Size
1,055.74 Cr
Listing At

IPO Timeline

  • 8 Sep 2026
    Bidding Starts
  • 10 Sep 2026
    Bidding Ends
  • 11 Sep 2026
    Allotment Finalization
  • 16 Sep 2026
    Listing

About Kanohar Electricals Ltd.

We are one of the leading domestic players in transformer manufacturing in terms of revenue in Fiscal 2026. We cater to high growth industries such as power transmission, railways, renewable energy, and power distribution (Source: CARE Report). As on March 31, 2026, we are one of five companies in India to have the short circuit test certification for 500 MVA 400 kV transformers that are used in the power transmission industry (Source: CARE Report). We conduct short circuit testing of our transformers at a scale and as on March 31, 2026, have tested over 200 ratings. We are one of four manufacturers in India who are certified by Research Designs and Standards Organisation (RDSO), the research and development wing of Indian Railways, to manufacturing 100 MVA 132 kV Scott transformers. We are also one of two Indian manufacturers certified to manufacture 100 MVA 220 kV Scott transformers, both of which cater to the demand for rail network electrification from the Indian Railways (Source: CARE Report). Through our backward integrated facilities, we offer a wide range of products and solutions for India’s energy infrastructure, particularly in the manufacture of transformers with our in-house technology. We are led by our Promoter, Chairman and Managing Director, Dinesh Singhal, who is graduate of Indian Institute of Technology Roorkee (formerly known as University of Roorkee), with over 40 years of experience in the transformer manufacturing industry.

We operate our business in two segments, i.e., (i) Transformer Manufacturing Business; and (ii) EPC Business. EPC Business, we undertake engineering, procurement and construction projects in the power transmission and distribution sector, in addition to its transformer manufacturing operations, which enables our Company to execute turnkey projects for substations and transmission lines

Read More
Parent organisation
Founded
Kanohar Electricals Ltd.
1972

Kanohar Electricals Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 50,11,425 (30%)
Non Institutional Investors 25,05,713 (15%)
Qualified Institutional Buyers (QIBs) 33,40,950 (20%)
Retail Individual Investors (RIIs) 58,46,663 (35%)

Kanohar Electricals Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2026 662.86 Cr 129.73 Cr 357.95 Cr
31 Mar 2025 457.30 Cr 65.12 Cr 239.12 Cr
31 Mar 2024 281.12 Cr 17.76 Cr 174.11 Cr

Kanohar Electricals Ltd. Background

Major Events And Milestones
  • 1972
    Incorporated as “Kanohar Electricals Private Limited” in Meerut, Uttar Pradesh*
  • 1995
    Listing of our equity shares on Bombay Stock Exchange (now known as BSE Limited), The Delhi Stock Exchange Association Limited (now known as DSE Estates Limited) and The Uttar Pradesh Stock Exchange Association Limited (now known as U.P. Stock and Capital Limited)
  • 1983
    Commencement of operations at our Rithani Manufacturing Facility
  • 1997
    Commencement of operations at our Gangol Manufacturing Facility
  • 2008
    Entered into a sale and distribution agreement with an American transformer manufacturing company for the sale of power transformers and various supporting accessories in the United States, Mexico and Canada
  • 2010
    Extended supply of power transformer up to 350 MVA, 400 kV class at Rithani, Uttar Pradesh
  • 2011
    Collaborated with Chung-Hsin Electric and Machinery Manufacturing Corporation, Taiwan for manufacturing of GIS business
  • 2014
    Entered into EPC Business with focus on EPC for gas insulated substation
  • 2022
    Entered EPC of transmission lines
  • 2023
    500 MVA, 400/220/33 kV auto transformer tested for short-circuit at National High Power Test Laboratory Private Limited
  • 2024
    60/84100 MVA, 220/2x55 kV and 60/84/100 MVA, 132 kV / 2x55 kV Scott connected traction power transformer tested for short circuit at National High Power Test Laboratory Private Limited and Central Power Research Institute, respectively
    Received approval from RDSO for manufacture of 100 MVA 220 KV transformers and 100 MVA 132 KV transformers
  • 2025
    Expanded manufacturing capacity to 19,200 MVA per annum of electrical transformers up to 400 kV
Kanohar Electricals Ltd. Object of Issues

1. Funding the capital expenditure requirements of our Company towards:
(i) Purchase of new machinery and equipment for our manufacturing facility located in Gangol, Meerut, Uttar Pradesh (“Gangol Manufacturing Facility”) for increasing our transformer manufacturing capacity, expanding and automating our backward integration facilities and enhancing operational efficiency
(ii) Civil construction and interior development of an office building at our Gangol Manufacturing Facility
(iii) Enhancing our sustainability initiatives by (a) setting up of solar power plants at our manufacturing facility located in Rithani, Meerut, Uttar Pradesh (“Rithani Manufacturing Facility”, and together with the Gangol Manufacturing Facility, the “Manufacturing Facilities”) and Gangol Manufacturing Facility, and (b) purchasing electric trucks and forklifts (together, “Electric Vehicles”) for handling and movement at our Gangol Manufacturing Facility. (collectively, the “Capital Expenditure Requirements”)
2. Funding incremental working capital requirements of our Company
3. General corporate purposes

Kanohar Electricals Ltd. IPO Listing Details
Listing Date
16 Sep 2026
ISIN
INE877D01025
Final Issue Price
₹ 632
Kanohar Electricals Ltd. Company Promoters

1. Dinesh Singhal
2. Adesh Singhal
3. Vivek Singhal
4. Abhishek Singhal
5. Virat Singhal
6. Aditya Singhal
7. K Sons Family Trust

Industry Overview

India’s power transmission system has expanded at a significant pace driven by growing demand, the government’s focus on providing electricity in rural areas, and the need for connecting the generation stations including integration of RE sources from the RE-rich states (Source: CARE ... Read more

Kanohar Electricals Ltd. IPO Registrar
MUFG Intime India Pvt. Ltd.
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai Maharashtra - 400083
8108114949
Kanohar Electricals Ltd. IPO Lead Manager(s)
Nuvama Wealth Management Ltd.
801 - 804, Wing A, Building No 3, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai Maharashtra - 400051
40094400

FAQs

When does Kanohar Electricals Ltd. IPO opens and closes?

Kanohar Electricals Ltd. IPO opens from 8th September to 10th September 2026.

What is the size of Kanohar Electricals Ltd. IPO?

The size of the Kanohar Electricals Ltd. IPO is ₹1,055.74 Cr.

What is the price range of Kanohar Electricals Ltd. IPO?

The price range of Kanohar Electricals Ltd. IPO is at ₹601 to ₹632 per share.

What is the minimum investment and lot size required for the Kanohar Electricals Ltd. IPO?

The minimum investment required is ₹14,536 and minimum lot size is 23 shares.

When is Kanohar Electricals Ltd. IPO listing date?

The Kanohar Electricals Ltd. IPO will be listed on 16th September 2026.

What is the objective of Kanohar Electricals Ltd. IPO?

1. Funding the capital expenditure requirements of our Company towards:
(i) Purchase of new machinery and equipment for our manufacturing facility located in Gangol, Meerut, Uttar Pradesh (“Gangol Manufacturing Facility”) for increasing our transformer manufacturing capacity, expanding and automating our backward integration facilities and enhancing operational efficiency
(ii) Civil construction and interior development of an office building at our Gangol Manufacturing Facility
(iii) Enhancing our sustainability initiatives by (a) setting up of solar power plants at our manufacturing facility located in Rithani, Meerut, Uttar Pradesh (“Rithani Manufacturing Facility”, and together with the Gangol Manufacturing Facility, the “Manufacturing Facilities”) and Gangol Manufacturing Facility, and (b) purchasing electric trucks and forklifts (together, “Electric Vehicles”) for handling and movement at our Gangol Manufacturing Facility. (collectively, the “Capital Expenditure Requirements”)
2. Funding incremental working capital requirements of our Company
3. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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