Kanohar Electricals IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: September 3, 2026

Kanohar Electricals Limited, an established veteran in India’s power infrastructure sector since 1972, is gearing up to make its primary market debut with a massive ₹1,055.74 Crore mainboard IPO. Headquartered in Meerut, Uttar Pradesh, the company specializes in manufacturing high-premium transformers and providing end-to-end Engineering, Procurement, and Construction (EPC) services for substations and transmission lines. Known for its advanced backward-integrated facilities and critical RDSO certifications, the company caters to high-growth sectors including power transmission, railways, renewable energy, and power distribution. The subscription window for this book-built issue opens on September 8 and closes on September 10, 2026. The price band is set between ₹601 to ₹632 per equity share, comprising a fresh issue of ₹300.00 Crore alongside a substantial Offer for Sale (OFS) of ₹755.74 Crore by the promoter group. The company plans to utilize the fresh capital primarily for funding its heavy capital expenditure requirements, meeting incremental working capital needs, and general corporate purposes. Set to list on the BSE and NSE platforms, market participants are closely watching this fast-growing energy infrastructure player. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!

Incorporated in 1972 and headquartered in Meerut, Uttar Pradesh, Kanohar Electricals Limited is a veteran engineering enterprise operating primarily across two high-growth segments: Transformer Manufacturing and Engineering, Procurement, and Construction (EPC) services for power infrastructure. The company provides end-to-end service offerings across the product lifecycle, acting as a critical supplier for India's power transmission, railway, and renewable energy networks.

• High-Premium Transformer Portfolio: Kanohar specializes in heavy-duty equipment, manufacturing Power Transformers up to 500MVA 400kV, Shunt Reactors, Traction Transformers, and Gas Insulated Switchgears (GIS) up to 252kV.
• RDSO Accreditation: It holds an elite status as one of only four manufacturers in India accredited by the Research Designs and Standards Organisation (RDSO) to manufacture specialized 100 MVA 132 kV Scott-connected transformers for the Indian Railways.
• Integrated Manufacturing Hubs: The company operates two state-of-the-art, backward-integrated manufacturing facilities located in Rithani and Gangol (Meerut). This setup allows for the in-house production of critical components like transformer tanks and pressed steel radiators, minimizing third-party reliance.
• Turnkey EPC Capabilities: Beyond manufacturing, Kanohar designs, constructs, and commissions substations, switchyards, and transmission lines up to 400kV on an EPC basis.

The Kanohar Electricals IPO comprises a total issue size of ₹1,055.74 Crore. The vast majority of this offering—₹755.74 Crore—is an Offer for Sale (OFS) by the promoter group (specifically the K.Sons Family Trust) to unlock value and provide liquidity. The remaining ₹300.00 Crore constitutes the Fresh Issue, which the company intends to deploy strategically toward the following core objectives:

• Working Capital Requirements: The largest portion of the fresh capital, estimated at ₹155.00 Crore, will be injected to meet incremental working capital needs, ensuring smooth execution of large-scale EPC contracts and uninterrupted raw material procurement.
• Capital Expenditure (CapEx): An allocation of ₹64.18 Crore is directed toward funding capital expenditure requirements, expanding its specialized heavy-electrical manufacturing capabilities.
• General Corporate Purposes: The residual balance from the fresh issue proceeds will be used for general corporate initiatives and public offer expenses.