Kanohar Electricals Share Price: Stock Lists at ₹685.50 With an 8.47% Premium on NSE

On September 16, 2026, Kanohar Electricals Ltd. shares made their market debut on the stock exchanges. The stock listed at ₹685.50 on the National Stock Exchange (NSE), reflecting a ₹53.50 gain over its IPO issue price of ₹632.00 per share. 

On BSE, it listed at ₹672.05, reflecting a 6.34% premium or a ₹40.05 gain over the original IPO issue price. 

Kanohar Electricals Ltd. IPO Overview 

Kanohar Electricals Ltd. successfully launched its book-built public offer with a total issue size of ₹1,055.74 crore. The public issue comprised a fresh issue of 47.47 lakh shares worth ₹300.00 crore and an offer for sale of 1.20 crore shares valued at ₹755.74 crore. Bidding opened on Sep 8, 2026, and closed on Sep 10, 2026, with an allotment date of Sep 11, 2026.  

Shares were issued at a fixed price of ₹632 per share with a lot size of 23 shares requiring a retail investment of ₹14,536. Nuvama Wealth Management Ltd. acted as lead manager while MUFG Intime India Pvt. Ltd. managed registrations. 

The Kanohar Electricals IPO subscribed 90.59 times. 

Business Overview of Kanohar Electricals Ltd. 

Incorporated in 1972, Kanohar Electricals Limited manufactures transformers in India for power transmission, railways, renewable energy, and power distribution sectors. It operates through transformer manufacturing and engineering, procurement, and construction segments.  

The firm is one of four Indian manufacturers certified by the Research Designs and Standards Organisation to manufacture 100 MVA 132 kV Scott transformers. It runs two manufacturing units in Meerut, Uttar Pradesh, with a combined capacity of 19,200 MVA as of March 31, 2026. The company maintains five regional offices across major cities and employs over 526 professionals nationwide. 

Financial Overview of Kanohar Electricals Ltd. 

The company experienced significant growth between fiscal years 2025 and 2026, with revenue climbing by 45 percent and profit after tax rising by 99 percent. By March 31, 2026, total assets reached ₹613.93 crore and total income hit ₹662.86 crore, up from ₹432.07 crore and ₹457.30 crore respectively in 2025.  

Profit after tax grew to ₹129.73 crore in 2026 from ₹65.12 crore in 2025. EBITDA stood at ₹180.42 crore while net worth expanded to ₹372.84 crore. Total borrowings were contained at ₹39.04 crore against reserves and surplus of ₹357.95 crore. 

Objective of Kanohar Electricals Ltd. IPO 

The net proceeds raised from the fresh issue segment of the public offering will be strategically deployed across multiple areas. The company plans to allocate ₹155.00 crore toward funding its incremental working capital requirements to facilitate smoother operational flow.  

Additionally, ₹64.18 crore is earmarked for funding capital expenditure requirements to expand capabilities. The remainder of the capital will be used to support general corporate purposes with ₹55.50 crore allocated, alongside covering issue expenses estimated at ₹65.25 crore, bringing the net proceeds utilization total to ₹339.93 crore. 

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Kanohar Electricals Share Price Performance 

As of September 16, 2026, at 10:02 AM, Kanohar Electricals share price on NSE was trading at ₹700.60, up by 10.85% from its original IPO issue price of ₹632.00. 

Conclusion 

Kanohar Electricals equity shares opened at a premium on both exchanges, listing at ₹685.50 on the NSE and ₹672.05 on the BSE, marking a successful debut relative to the company's IPO issue price of ₹632.00 per share. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Readers should conduct their own research and form an independent opinion before making any financial decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.