Kanohar Electricals Limited IPO — Subscription & GMP

upcomingMainboardNSENSE: KANOHAR
Grey market premium
+₹160
1 source · 5 min ago
Est. listing gain
+25.32%
implies ₹792 on listing
Subscribed
—
bidding not open yet
Min. investment
—
— shares × ₹632
Price band
₹601 – ₹632
Lot size
—
Issue size
₹1,071.21 Cr
Bidding
08 Sept 2026 → 10 Sept 2026
Allotment
—
Listing
—

Schedule

  1. 08 Sept 2026IPO open date
  2. 10 Sept 2026IPO close date
  3. 11 Sept 2026Allotment date†
  4. 11 Sept 2026Funds unblock or debit†
  5. 15 Sept 2026Tentative listing date†

† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.

Fundamentals

The business, its valuation and returns

Not Available

We do not yet hold parsed fundamentals for this issue. Ratios are published in the RHP and the basis-of-issue-price advertisement.

Official source: Basis of Issue Price / ratios filing (NSE) — carries P/E, RoNW and EPS pre and post issue as filed.

GMP is unofficial. Grey Market Premium is quoted by private dealers outside the exchange mechanism and is not recognised or regulated by SEBI. Figures vary by source, can change within minutes, and frequently diverge from actual listing prices. UpcomingIPO publishes GMP as market information only — this is not investment advice and not a recommendation to apply for any issue.

Grey market premium

Unofficial · not from any exchange

Upper band ₹632 + GMP ₹160 implies a listing around ₹792 (+25.32%). That is what the grey market is pricing, not a forecast.

Subscription status

Awaiting first fetch from exchange
Overall subscribed
—
not yet published
No bids recorded yet. The exchanges publish subscription figures only once bidding opens.

Source: NSE issue information

Equity split

Fresh equity vs offer for sale
₹300.00 Crto the company
Fresh equitynew capital, into the company's books
₹300.00 Cr 28.4%
Offer for saleto selling shareholders — the company receives nothing
₹755.74 Cr 71.6%
Total issue size
₹1.06k Cr

Read from the issue size stated in NSE's filing. The filing quotes the offer for sale as 1.20 Cr shares rather than a rupee amount, so it is valued here at the cap price of ₹632 — the final figure moves with the issue price.

Allotment status

Allotment status is not out yet. The registrar is MUFG Intime India Private Limited.

Issue details

Price band
₹601 – ₹632
Lot size
— shares
Min. bid quantity
—
Face value
₹2.00
Tick size
₹1.00
Shares offered
1.69 Cr
Issue size
₹1071.21 Cr
Max bid · QIB
—
Max bid · NII
—

Timeline & process

Bidding opens
08 Sept 2026
Bidding closes
10 Sept 2026
Bidding hours
10.00 a.m. to 5.00 p.m.
UPI mandate cutoff
10-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to participate in IPOs by successfully accepting the mandate.
Allotment
—
Listing
—

Intermediaries

Registrar
MUFG Intime India Private Limited
Sponsor bank
Axis Bank Limited and ICICI Bank Limited
Lead managers
Nuvama Wealth Management Limited and IIFL Capital Services Limited (Formerly known as IIFL Securities Limited)