Initial public offering of 16,704,750 equity shares of face value of Rs. 2 each ("Equity Shares") of Kanohar Electricals Limited ("Company" or "Issuer") for cash at a price of Rs. 632 per equity share (including a share premium of Rs. 630 per equity share) ("Offer Price") aggregating to Rs. 1055.74 Crores (the "Offer"). The offer comprised of a fresh issue of 4,746,835 equity shares of face value of Rs. 2 each aggregating to Rs. 300.00 Crores ("Fresh Issue") and an offer for sale of 11,957,915 equity shares of face value of Rs. 2 each ("Offered Shares") aggregating to Rs. 755.74 Crores by K Sons Family Trust ("promoter selling shareholder" and such equity shares offered by the promoter selling shareholder, the "Offered Shares"). The offer shall constituted 21.10% of the post-offer paid up equity share capital of the company.
Price Band: Rs. 632/- per equity share of face value of Rs. 2 each.
The floor price is 316 times the face value of the equity shares.
Bids can made for a minimum of 23 equity shares of face value of Rs. 2 each and in multiples of 23 equity shares of face value of Rs. 2 each thereafter.
IPO Details
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
08-Sep-2026
10-Sep-2026
₹ 632.00
₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 23.0 Further Multiples of : 23.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
274.68
IIFL Capital Services Limited
Project Financed through Current Offer
1,055.74
Post Issue Equity Share Capital
15.84
Issue Price
₹632.00
Projects
Projects
Funding the capital expenditure requirements of the Company
Funding the incremental working capital requirements of its Company