Kanohar Electricals' Rs 1,055 Crore IPO Opens with 31% GMP. Should You Subscribe?

Kanohar Electricals raises ₹317 crore from anchor investors; IPO opens for subscription

The company informed the bourses that it allocated 50.11 lakh equity shares at Rs ₹632 per share to anchor investors, comprising 42 funds

Kanohar Electricals IPO GMP jumps 31% on Day 1. Check review, issue details, subscription. Should you apply or skip?

The Kanohar Electricals IPO will open on 8 September and close on 10 September. The price band is set at ₹601–632, with an estimated listing price of ₹828. It allocates 50% to QIBs, 15% to NIIs, and 35% to retail investors. Kanohar Electricals IPO GMP today is +196.

Kanohar Electricals' Rs 1,055 crore IPO opens with 31% GMP. Should you subscribe?

The Kanohar Electricals IPO opened today, September 8, 2026, and will remain accessible for a span of three days. This book-built offering, valued at Rs 1,055.74 crore, includes both fresh shares and an offer for sale. Proceeds from the IPO are earmarked for enhancing capital expenditure and meeting working capital demands.

Kanohar Electricals IPO Day 1: Should You Subscribe? Check GMP, Review, Other Details

Kanohar Electricals IPO has fixed issue price band at Rs 601 to Rs 632 per share. The lot size for an application is 23 shares.