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  5. Kanohar Electricals shares list at over 8% premium on NSE; here's how much investors made per lot

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Kanohar Electricals shares list at over 8% premium on NSE; here's how much investors made per lot

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on September 16, 2026, 10:01 IST

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SUMMARY

The ₹1,055.74 crore Kanohar Electricals IPO was a fresh issuance of ₹300 crore and an offer-for-sale component of ₹755.74 crore by promoter K Sons Family Trust.

Kanohar Electricals Limited is a leading domestic transformer manufacturer. | Image: kanohar.com

Kanohar Electricals Limited is a leading domestic transformer manufacturer. | Image: kanohar.com

Shares of transformer maker Kanohar Electricals Ltd made a tepid listing on the stock exchanges on Wednesday, September 16.
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The stock debuted at ₹685.50 per share, reflecting an increase of 8.47% from the IPO issue price of ₹632 a unit.

On the BSE, the scrip started trading at ₹672.05 apiece, up 6.34% from the issue price.

Kanohar Electricals share price: Here's how much investors made per lot

A lot consisted of 23 shares and cost ₹14,536. Investors who received the Kanohar Electricals IPO allotment made ₹1,230.50 per lot, taking the value of their investment to ₹15,766.50, as per the listing price on the NSE.

The ₹1,055.74 crore initial share sale was a fresh issuance of ₹300 crore and an offer-for-sale component of ₹755.74 crore by promoter K Sons Family Trust.

The objectives of the issue include capital expenditure needs, incremental working capital requirements, and general corporate purposes.

"Our company expects to achieve the benefits of listing of its equity shares on the stock exchanges, including enhancement of our company’s brand name and creating a public market for our equity shares in India," the firm said.

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The initial public offering was subscribed 90.59 times, as it got bids for 1,05,92,88,506 shares compared to 1,16,93,326 shares on offer, as per the NSE data.

CategoryReservedNo of Shares Bid ForNo of Times
Qualified Institutional Buyers33,40,95071,95,39,590215.37
Non-Institutional Investors25,05,71321,98,49,45687.74
Retail Investors58,46,66311,98,99,46020.51
Total1,16,93,3261,05,92,88,50690.59

Kanohar Electricals is a leading domestic transformer maker, serving sectors such as power transmission, railways, renewable energy and power distribution.

It operates through two segments, namely transformer manufacturing and engineering, procurement and construction (EPC) services.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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