Archive · 3 Sep 2026
Kanohar Electricals IPO Opens September 8 With Rs 300 Crore Fresh Issue
Kanohar Electricals is planning to sell shares to the public through an IPO.
The IPO is scheduled to open on September 8.
The company will issue new shares worth up to Rs 300 crore.
A promoter trust will also sell some existing shares.
Kanohar plans to spend Rs 64.1 crore on improving and expanding its Gangol factory.
It will use Rs 155 crore to help pay for its day-to-day business needs.
Some remaining money will be used for general company purposes.
The shares are expected to be listed on both NSE and BSE.
The company’s sales and profit grew significantly between FY24 and FY26.
Kanohar Electricals’ IPO will open on September 8 and includes a fresh issue of up to Rs 300 crore.
The offer-for-sale component includes up to 11,957,915 shares sold by promoter K Sons Family Trust.
The company plans to use Rs 64.1 crore for capital expenditure at its Gangol manufacturing facility.
Another Rs 155 crore will fund incremental working capital, with the balance allocated to general corporate purposes.
Revenue rose from Rs 276.6 crore in FY24 to Rs 653.83 crore in FY26, while net profit increased from Rs 17.7 crore to Rs 129.7 crore.
- Who
- Kanohar Electricals, with shares also offered by promoter K Sons Family Trust.
- What
- An IPO comprising a fresh issue of up to Rs 300 crore and an offer-for-sale of up to 11,957,915 shares.
- When
- The IPO is scheduled to open on September 8; the articles do not specify the year.
- Where
- The company’s Gangol manufacturing facility; the shares are proposed to be listed on NSE and BSE.
- Why
- To fund factory capital expenditure, incremental working capital and general corporate purposes.
- IPO opening date
- September 8
- Fresh issue size
- Up to Rs 300 crore
- Offer-for-sale
- Up to 11,957,915 shares by K Sons Family Trust
- Capital expenditure allocation
- Rs 64.1 crore for the Gangol manufacturing facility
- Working capital allocation
- Rs 155 crore
- FY26 revenue
- Rs 653.83 crore
- FY26 net profit
- Rs 129.7 crore
