Kanohar Electricals IPO Day 1 Subscription Status: Issue Booked 2.67 Times

Mumbai, September 08: Kanohar Electricals IPO received a measured response from qualified institutional buyers but stronger participation from non-institutional and retail investors on the opening day. The bookbuilding issue was subscribed 2.67 times as of 5:00 PM on September 08, 2026.

The IPO opened for subscription on September 08 and will close on September 10, 2026. The issue comprises a fresh issue of 47.47 lakh shares and an offer for sale of 1.20 crore shares. The price band has been fixed at ₹601 to ₹632 per share, while the lot size is 23 shares.

Kanohar Electricals IPO Day 1 Subscription Status

By 5:00 PM on September 08, 2026, investors had bid for 3.12 crore shares against 1.17 crore shares offered to the public.

The NII category recorded the highest subscription among the broad investor segments at 4.81 times. Within the NII portion, applications below ₹10 lakh were subscribed 6.36 times, while the category for applications above ₹10 lakh was subscribed 4.04 times.

The individual investor category received bids for 1.91 crore shares against 58.47 lakh shares available, taking its subscription to 3.26 times. The QIB portion excluding anchor investors stood at 0.03 times.

Category-wise Kanohar Electricals IPO Subscription Status

Kanohar Electricals Day’s Wise Subscription Summary

The IPO recorded its opening-day subscription with non-institutional and retail investors accounting for most of the bids received. The overall issue was subscribed 2.67 times by 5:00 PM.

Kanohar Electricals IPO Timeline

Brief Overview Of The IPO

Kanohar Electricals IPO is a bookbuilding issue comprising a fresh issue and an offer for sale. The company is raising funds through the public issue, with its shares proposed to be listed on the BSE and NSE.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=KANOHAR&series=EQ&type=Active