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Explore Kanohar Electricals Ltd. IPO Day 1 subscription details, including investor participation, price band, lot size, IPO dates, and the process to apply through ASBA or UPI.
The Kanohar Electricals Ltd. IPO opened for subscription on September 8, 2026. The company’s public issue is a mainboard IPO and will remain open for bidding until September 10, 2026.
The issue size is ₹1,055.74 Crores, with equity shares being offered within a price band of ₹601 to ₹632 per share. The market lot consists of 23 shares.
The Kanohar Electricals Ltd. IPO received bids across the Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), and Non-Institutional Investors (NII) categories on its opening day. Retail and non-institutional investors recorded stronger participation during the reported period, while QIB participation remained limited.
On the first day of bidding, based on subscription data reported at 3:51 PM IST on September 8, 2026, the Kanohar Electricals Ltd. IPO recorded an overall subscription of 1.71×. The Non-Institutional Investors category recorded the highest subscription at 2.63×, followed by Retail Individual Investors at 2.28×.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.01× |
Retail Individual Investors (RII) |
2.28× |
Non-Institutional Investors (NII) |
2.63× |
Total |
1.71× |
The NII portion was subscribed 2.63×, while retail investors subscribed 2.28× their reserved portion. Qualified Institutional Buyers recorded a subscription of 0.01×. Overall, the issue stood at 1.71× subscription during the reported period on Day 1.
Subscription figures are based on bids received during the IPO bidding period and may be subject to subsequent updates or reconciliation. The IPO remains open for subscription until September 10, 2026.
The Kanohar Electricals Ltd. IPO witnessed investor participation on Day 2 of the bidding period. As per the latest subscription data shown, the issue was subscribed 6.83× overall. Non-Institutional Investors recorded the highest subscription, followed by Retail Individual Investors, while the Qualified Institutional Buyers portion also moved above full subscription.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.05× |
Retail Individual Investors (RII) |
6.94× |
Non-Institutional Investors (NII) |
14.27× |
Total |
6.83× |
Non-Institutional Investors led the bidding activity with their reserved portion subscribed 14.27×, while Retail Individual Investors recorded a subscription of 6.94×. The Qualified Institutional Buyers category was subscribed 1.05×. Overall, the Kanohar Electricals Ltd. IPO reached 6.83× subscription on Day 2, reflecting increased participation across all three reported investor categories.
Subscription figures are based on bids received during the IPO bidding period and may be subject to subsequent updates or reconciliation. The IPO remains open for subscription until September 10, 2026.
The price band for the Kanohar Electricals Ltd. IPO is set between ₹601 and ₹632 per share. The market lot consists of 23 shares.
At the upper end of the price band, an application for one lot amounts to ₹14,536.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
1 |
23 |
₹14,536 |
Retail (Maximum) |
13 |
299 |
₹1,88,968 |
S-HNI (Min) |
14 |
322 |
₹2,03,504 |
B-HNI (Min) |
69 |
1,587 |
₹10,02,984 |
The minimum application value at the upper end of the price band can be calculated as follows:
Minimum application amount = 23 shares × ₹632 = ₹14,536
Since the IPO follows the book-building route, investors can place bids within the ₹601–₹632 price band, subject to applicable bidding rules and investor-category requirements.
For detailed insights about the company, issue particulars, and the latest updates, visit the Kanohar Electricals Ltd. IPO page on %BrandNameBrandName%.
The timeline below highlights the milestones from the opening of the issue through its proposed listing:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
September 8, 2026 |
Issue opens for subscription |
IPO Close Date |
September 10, 2026 |
Final day to submit bids |
Basis of Allotment |
September 11, 2026 |
Finalisation of share allotment |
Refunds Initiation |
September 15, 2026 |
Refund or fund-unblocking process begins |
Credit of Shares to Demat |
September 15, 2026 |
Shares credited to successful applicants |
Listing Date |
September 16, 2026 |
Shares proposed to list on the stock exchanges |
Note: These dates represent procedural milestones based on the available IPO information and are intended for informational purposes only.
Investors can apply for the Kanohar Electricals Ltd. IPO using either the ASBA facility through their bank or via UPI on supported broker platforms.
This method allows the IPO application amount to remain blocked in the investor’s bank account until the allotment process is completed.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Kanohar Electricals Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price within the announced price band.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the applicable amount will be debited and the shares will be credited to your Demat account.
You can also apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Kanohar Electricals Ltd. IPO’.
Enter your application details, including the number of lots and bid price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your supported UPI application.
The applicable funds will remain blocked until the allotment process is completed.
Once allotted, the shares will be credited directly to your Demat account.
Disclaimer
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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