BSE List Price : ₹672.05

NSE List Price : ₹685.50

subscription

Category	Times
QIBs	215.37x
HNIs	87.74x
Retail	20.51x
Total : 90.59x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	23	₹14,536
Retail Maximum	13	299	₹188,968
S-HNI Minimum	14	322	₹203,504
S-HNI Maximum	68	1,564	₹988,448
B-HNI Minimum	69	1,587	₹1,002,984

About the Company

Kanohar Electricals Limited was incorporated as Kanohar Electricals Private Limited on November 13, 1972, under the Companies Act, 1956. The Company was converted into a public limited company in 1994 and renamed Kanohar Electricals Limited. Its equity shares were earlier listed on BSE, Delhi Stock Exchange and Uttar Pradesh Stock Exchange and were voluntarily delisted from these exchanges in 2010.

Established in 1972, the Company manufactures transformers and provides EPC services for substations and transmission lines in India. It caters to sectors such as power transmission, railways, renewable energy and power distribution. The Company is among five manufacturers in India with short-circuit test certification for 500 MVA, 400 kV transformers used in power transmission and 100 MVA, 220 kV Scott-connected transformers used for Indian Railways’ network electrification. It also has backward-integrated facilities and in-house technology for transformer manufacturing and energy infrastructure solutions.

The Company operates through two business segments: Transformer Manufacturing and Engineering, Procurement & Construction (EPC).

Its product and solution portfolio includes transformers, Gas Insulated Switchgear (GIS), EPC substations and transmission lines. The Company is also among four manufacturers in India certified by RDSO to manufacture 100 MVA, 132 kV Scott transformers for Indian Railways.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹281.12	₹255.25	₹17.76	₹322.86
2025	₹457.30	₹369.50	₹65.12	₹432.07
2026	₹662.86	₹489.29	₹129.73	₹129.73

Company Promoter

Dinesh Singhal

Adesh Singhal

Vivek Singhal

Abhishek Singha

Virat Singhal

Aditya Singhal

Know before investing

• • Strengths

  Established Transformer Manufacturing Player: With over 40 years of experience, the Company is among the leading domestic transformer manufacturers by revenue in Fiscal 2025, serving key sectors such as power transmission, railways, renewable energy and power distribution.

  Capability to Manufacture High-Value Transformers: The Company has successfully completed short-circuit testing of transformers up to 500 MVA, 400 kV at reputed government laboratories including CPRI and NHPTL, demonstrating its capabilities in meeting high safety and reliability standards and undertaking large-scale contracts.

  Integrated Transformer & EPC Business: The Company operates across transformer manufacturing and EPC services, providing integrated solutions to customers. Its EPC capabilities extend to substations and transmission lines up to 400 kV, broadening its market opportunities in power transmission and distribution.

• • Risks

  Dependence on Transformer Manufacturing Business: A substantial share of the Company’s revenue is generated from its Transformer Manufacturing Business. Any decline in demand for transformers may negatively impact its business and financial performance. Dependence on Government Policies & Transmission Utilities: The Company relies significantly on the supply of power transformers to transmission utilities, including state transmission companies. Changes in government policies or economic conditions may adversely affect demand and business operations. Dependence on Government Tenders: A significant portion of the Company’s revenue is derived from competitive tenders floated by government-controlled entities. Failure to qualify, secure bids or maintain the required pre-qualification criteria could adversely affect its business and results of operations.

Objects of the Issue & Utilisation of proceeds

Funding the Company’s capital expenditure requirements
Funding the Company’s incremental working capital requirements
General corporate purposes

Company  Address

Kanohar Electricals Ltd.
Rithani,
Delhi Road
Meerut, Uttar Pradesh, 250103
Phone: 121-3500801-05
Email: compliance@kanohar.com
Website: http://www.kanohar.com/

IPO Registrar

MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: kanoharelectricals.ipo@in.mpms
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html