Kanohar Electricals IPO
Kanohar Electricals Limited (KANOHAR) · mainboard IPO on NSE and BSE · Book Building. Listed on 16 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +24.0% (likely range +6% to +40%), day's high +28.5%, chance of a gain 92%. Actual: +8.5% at the open, +24.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 33,40,950 | 71,95,39,590 | 215x | |
| NII (HNI) total | 25,05,713 | 21,98,49,456 | 87.7x | |
| Big NII (above ₹10 lakh) | 16,70,476 | 15,70,86,665 | 94.0x | |
| Small NII (₹2-10 lakh) | 8,35,237 | 6,27,62,791 | 75.1x | |
| Retail | 58,46,663 | 11,98,99,460 | 20.5x | |
| Total | 1,16,93,326 | 1,05,92,88,506 | 90.6x |
Bids on NSE and BSE together, as published by NSE, as of 10 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Kanohar Electricals's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Transrail LightingDec 2024 | 201x | 76.4x | 22.1x | 80.8x | ₹843 Cr | +36.6% | +40.0% |
| Netweb Technologies IndiaJul 2023 | 229x | 81.8x | 19.2x | 90.4x | ₹625 Cr | +89.4% | +90.4% |
| Azad EngineeringDec 2023 | 180x | 87.6x | 23.8x | 80.7x | ₹751 Cr | +37.4% | +38.7% |
| Sudeep PharmaNov 2025 | 213x | 117x | 15.7x | 93.7x | ₹895 Cr | +23.1% | +34.1% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| DAM Capital AdvisorsDec 2024 | 166x | 98.6x | 27.1x | 82.1x | ₹840 Cr | +38.9% | +61.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| IIFL Capital Services Limited (Formerly known as IIFL Securities Limited) | 11 | +5.7% | 64% |
Offer documents (NSE)
Frequently asked
What is the Kanohar Electricals IPO price band and lot size? ₹601–632 per share, with a lot of 23 shares, so the smallest retail bid is ₹14,536.
How many times has it been subscribed? 90.6x overall: QIB 215x, NII 87.7x, retail 20.5x.
How did it list? It opened at ₹686, +8.5% against the issue price of ₹632, and closed its first day +18.9%.
