Kanohar Electricals Limited
Power transformer maker (distribution + power transformers for utilities and industry). FY26 revenue ~₹654 Cr. Faces top-customer concentration and stiff competition from established players.
“Kanohar Electricals Limited: momentum beats fundamentals — a trader's IPO, not an investor's.”
- ▸Decent demand 8.93x
- ▸GMP +31% supports listing pop
- ▸Revenue shrinking — avoid for long term
- ▸Cash-backed profits — quality earnings
- ▸3 forensic red flags in DRHP footnotes
- ⚠ Dependence on a few top customers for revenue
- ⚠ Technical compliance and approval cycles with utilities
- ⚠ Competition from established transformer makers
Educational only. Not investment advice. GMP is unofficial chatter, never a promise.
Demand — who is actually bidding?
Live from NSE's official bid feed. QIB is smart money — if QIB sleeps past Day 2, listing pop usually dies.
Unofficial chatter, tracked daily — direction signal, never a promise.
Issue structure — where does money go?
- ▸Funding the capital expenditure requirements of Company
- ▸Funding the incremental working capital requirements of Company
- ▸General corporate purposes
- Promoter 99.72% → 78.64% after IPO
Deep financials — does profit become cash?
FIGURES VIA PRESS REPORTS — RESTATED FILING PENDING · ROE/DE LAND WITH THE RHP PARSE
| FY | REVENUE | PAT | MARGIN | ROE | ROCE | D/E | CFO |
|---|---|---|---|---|---|---|---|
| FY26 | ₹653.8 Cr | ₹129.7 Cr | 19.8% | 42.1% | 70.1% | 0.1x | ₹25.8 Cr |
| FY24 | ₹276.7 Cr | ₹17.8 Cr | 6.4% | 9.97% | 47.61% | 42.08x | ₹-16.3 Cr |
| FY25 | ₹450.6 Cr | ₹65.1 Cr | 14.4% | 26.78% | — | 32.27x | ₹79.4 Cr |
Valuation vs listed peers
Peer set is being compiled from analyst coverage — typically lands a day after the price band. Check back or tap Re-run AI above.
Risk dossier
- 01Dependence on a few top customers for revenue
- 02Technical compliance and approval cycles with utilities
- 03Competition from established transformer makers
Street tape
Documents & filings
Primary sources — the same PDFs our dossier numbers come from.
Questions investors ask about Kanohar Electricals Limited
Should I apply for the Kanohar Electricals Limited IPO for listing gains?
Only if Day-2 QIB crosses 5x — otherwise the listing setup is weak.
Is Kanohar Electricals Limited good for the long term?
Not yet — wait for cheaper re-entry or cleaner quarters.
What is the Kanohar Electricals Limited IPO price band and lot size?
₹601–₹632, lot of 23 shares (min ₹14,536). Open 8 Sept 2026 to 10 Sept 2026.
How do I check Kanohar Electricals Limited IPO allotment status?
On the MUFG Intime portal: select Kanohar Electricals Limited, enter PAN, application number, or DP/Client ID, solve the captcha. Results go live 6–10 PM on allotment evening (issue closed 10 Sept 2026). BSE's application-status page works as fallback.
When is the Kanohar Electricals Limited listing date?
Tentatively 15 Sept 2026 (T+3 after close).
Who should apply?
- • Listing trader → yes, momentum is real
- • Long-term holder → wait for cheaper re-entry
- • First-time investor → learn by watching, not betting
Listing-day playbook
- • Opens +40%↑ → book half, keep rest at cost stop
- • Opens flat ±5% → hold only if long-term score ≥7
- • Opens discount → never average down Day 1