Upcoming IPO: Kanohar Electricals Files DRHP with SEBI to Raise Up to ₹300 Crore

Uttar Pradesh–based transformer manufacturer Kanohar Electricals has submitted its draft red herring prospectus (DRHP) to the capital market regulator, the Securities and Exchange Board of India (SEBI), to raise capital through an initial public offering (IPO). 

Nuvama Wealth Management and IIFL Capital Services have been appointed as the merchant bankers for the proposed IPO.

Kanohar Electricals IPO Details

The proposed IPO comprises a fresh equity issue aggregating up to ₹300 crore, along with an offer for sale (OFS) of up to 1.45 crore shares by promoter K Sons Family Trust. As part of the fresh issue, the company may undertake a pre-IPO placement of up to ₹60 crore prior to filing the red herring prospectus with the Registrar of Companies, which would proportionately reduce the size of the fresh issue.

Use of IPO Proceeds

The proceeds will be used to support the company’s capital expenditure plans and working capital needs. 

Out of the net proceeds from the fresh issue, the company plans to allocate ₹66.74 crore towards capital expenditure, including the purchase of new machinery and equipment, civil works and interior development for its office building, and sustainability enhancement initiatives at its Gangol manufacturing facility. Additionally, ₹130 crore will be deployed to meet incremental working capital requirements, while the remaining funds will be used for general corporate purposes.

Also Read: SEBI Approves ₹3,700 Crore IPO Of Sify Infinit Spaces Limited

About Kanohar Electricals

Kanohar Electricals positions itself as one of the leading domestic transformer manufacturers by revenue, serving a wide range of sectors including power transmission, railways, renewable energy, and power distribution.

Operating in a competitive landscape alongside listed players such as Hitachi Energy India, Bharat Heavy Electricals, Schneider Electric Infrastructure, CG Power and Industrial Solutions, Transformers & Rectifiers, and GE Vernova T&D, Kanohar Electricals has reported steady financial growth. For the six-month period ended September 2025, the company posted a profit of ₹30.6 crore on revenue of ₹165.5 crore.

For FY25, Kanohar Electricals recorded a sharp 267% increase in profit to ₹65.1 crore, compared with ₹17.8 crore in the previous year. Revenue during the same period rose 62.9% year-on-year to ₹450.6 crore from ₹276.7 crore.

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