Kanohar Electricals IPO Allotment Expected Today, with GMP Indicating 35% Potential Listing Gains – Here’s How to Check Your Status!

The Kanohar Electricals IPO has generated significant interest among investors, with a subscription rate reaching an impressive 90.51 times. The public issue, valued at Rs 1,055.74 crore, has seen a remarkable response across all categories, particularly among Qualified Institutional Buyers (QIBs), who contributed to a staggering 215.37 times subscription. The company set its IPO price band between Rs 601 and Rs 632 per share, with a lot size fixed at 23 shares, necessitating a minimum investment of Rs 14,536 for retail investors. The allotment update is expected today, with the stock tentatively scheduled to debut on the BSE and NSE on September 16, 2026.

The sentiment in the grey market appears optimistic, as the Grey Market Premium (GMP) is currently trading at around Rs 223 per share, translating to approximately 35% above the upper price band. This level of GMP suggests a strong potential for listing gains, positioning the estimated listing price at around Rs 855 per share. However, it’s essential for investors to note that the GMP is an unofficial metric and can undergo fluctuations leading up to the listing date, meaning actual performance may vary.

This IPO presents a promising opportunity for Indian investors looking to gain exposure to the power and energy sectors through a seasoned manufacturer like Kanohar Electricals. With significant institutional backing and a strong grey market sentiment, retail investors may benefit from potential gains on listing. As always, investors should remain cautious and conduct their due diligence, considering both the risks associated with IPO investments and the potential rewards.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)