Kanohar Electricals Limited has fixed the price band of Rs 601/- to Rs 632/- per Equity Share of face value Rs 2/- each for its maiden initial public offering. The Company’s Initial Public Offering will open on Tuesday, September 08, 2026, for subscription and close on Thursday, September 10, 2026. Investors can bid for a minimum of 23 Equity Shares and in multiples of 23 Equity Shares thereafter. Equity shares outstanding as on date are 74,440,000 Equity Shares of Rs 2 each.
- Issue Opens: September 8, 2026
- Issue Closes: September 10, 2026
- Face Value: Rs 2
- Price Band: Rs 601 – 632 per share
- Minimum Bid Lot: 23 Equity Shares
- Listing: BSE & NSE
The offer, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 300 crore and an offer-for-sale for up to 11,957,915 shares by promoter – K Sons Family Trust. The proceeds from its fresh issuance worth Rs 64.1 crore will be used for funding the capital expenditure requirements of the company toward the purchase of new machinery and equipment for its Gangol manufacturing facility for increasing its transformer manufacturing capacity, expanding and automating its backward integration facilities and enhancing operational efficiency, civil construction and interior development of an office building at its Gangol manufacturing facility, and enhancing its sustainability initiatives by setting up of solar power plants at its manufacturing facilities, and purchasing electric vehicles for handling and movement at its Gangol manufacturing facility. Also, Rs 155 crore for funding the incremental working capital requirements of the company, and general corporate purposes.
The Offer is being made through the book-building process. The company is one of the leading domestic players in transformer manufacturing by revenue in Fiscal 2026. The company caters to high-growth industries such as power transmission, railways, renewable energy, and power distribution. As of March 31, 2026, the company is one of five companies in India with short-circuit test certification for 500 MVA, 400 kV transformers used in the power transmission industry. The company conducts short-circuit testing of its transformers at a scale and, as of March 31, 2026, has tested over 200 ratings.
Through the company’s backward-integrated facilities, it offers a wide range of products and solutions for India’s energy infrastructure, particularly in transformer manufacturing, supported by its in-house technology.
The company operates through two segments: transformer manufacturing and EPC. In its EPC business, the company undertakes engineering, procurement and construction projects in the power transmission and distribution sector, in addition to their transformer manufacturing operations. This enables them to execute turnkey projects for substations and transmission lines.
The company has over 40 years of experience in transformer manufacturing. As part of its transformer manufacturing business, it manufactures five types of transformers with customized technical specifications to meet the energy needs of the industries it serves, including power transmission, railways, renewable energy, and power distribution. The company’s revenue from operations was Rs 653.83 crore in FY26, up from Rs 276.6 crore in FY24. Its net profit was Rs 129.7 crore in FY26, compared with Rs 17.7 crore in FY24. The equity shares are proposed to be listed on NSE and BSE.
