Kanohar Electricals IPO Day 2 Subscription Status: Issue Booked 10.22 Times

Authored By HDFC SKY | Published at: Sep 9, 2026 06:35 PM IST

The NII category was the strongest among the three main investor segments, with subscription reaching 19.22 times by 5:05 PM. Retail investors bid for 8.49 times the shares reserved for them, while the QIB portion excluding the anchor allocation stood at 6.50 times. Overall subscription moved up from 2.73 times on Day 1 to 10.22 times on Day 2.

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Mumbai, September 09: The Kanohar Electricals IPO saw a sharp rise in subscription on the second day of bidding. As of 5:05 PM on September 9, 2026, the issue had been subscribed 10.22 times, with bids received for 11,95,49,400 shares against 1,16,93,326 shares available for public subscription. The ₹1,055.74 crore IPO comprises a fresh issue of 47,46,835 shares worth ₹300 crore and an offer for sale of 1,19,57,915 shares. The price band is set at ₹601 to ₹632 per share, while the lot size is 23 shares.

Kanohar Electricals IPO Day 2 Subscription Status

At 5:05 PM on September 9, 2026, the Kanohar Electricals IPO had received bids across all three main investor categories.

Category	Subscription
QIB (Ex Anchor)	6.50x
NII/HNI	19.22x
Retail	8.49x
Total	10.22x

The total number of shares bid for stood at 11,95,49,400, compared with 1,16,93,326 shares offered to the public.

Category-wise Kanohar Electricals IPO Subscription Status

Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	33,40,950	2,17,12,667	6.50x
NII/HNI	25,05,713	4,81,70,372	19.22x
NII (>₹10L)	16,70,475	2,99,26,197	17.91x
NII (<₹10L)	8,35,238	1,82,44,175	21.84x
Retail	58,46,663	4,96,66,361	8.49x
Total	1,16,93,326	11,95,49,400	10.22x

Within the NII segment, the portion for applications below ₹10 lakh recorded 21.84 times subscription, compared with 17.91 times for applications above ₹10 lakh.

Kanohar Electricals Day’s Wise Subscription Summary

Subscription picked up considerably on the second day. The issue had closed Day 1 at 2.73 times and stood at 10.22 times by 5:05 PM on Day 2.

Date	QIB (Ex Anchor)	NII	NII (>₹10L)	NII (<₹10L)	Retail	Total
September 08, 2026 (Day 1)	0.03x	4.90x	4.09x	6.51x	3.36x	2.73x
September 09, 2026 (Day 2)	6.50x	19.22x	17.91x	21.84x	8.49x	10.22x

Kanohar Electricals IPO Timeline

IPO Milestone	Date
Issue Open Date	September 08 2026
Issue Close Date	September 10 2026
Basis of Allotment Date	September 11 2026
Initiation of Refunds	September 15 2026
Credit of Shares	September 15 2026
Listing Date	September 16 2026

Brief Overview Of The IPO

Kanohar Electricals IPO is a ₹1,055.74 crore bookbuilding issue. It includes a fresh issue of 47,46,835 shares aggregating to ₹300 crore and an offer for sale of 1,19,57,915 shares.

The company has fixed the price band at ₹601 to ₹632 per share. For retail investors, one lot consists of 23 shares, requiring a minimum investment of ₹14,536 at the upper end of the price band.

IPO Particulars	Details
Issue Size	₹1,055.74 crore
Issue Type	Bookbuilding IPO
Fresh Issue	47,46,835 shares
Offer for Sale	1,19,57,915 shares
Total Issue Size	1,67,04,750 shares
Price Band	₹601 to ₹632 per share
Face Value	₹2 per share
Lot Size	23 shares
Minimum Investment	₹14,536
Issue Open Date	September 08 2026
Issue Close Date	September 10 2026
Basis of Allotment	September 11 2026
Listing Date	September 16 2026
Listing Exchanges	BSE, NSE
Registrar	MUFG Intime India Pvt. Ltd.
Lead Manager	Nuvama Wealth Management Ltd.

The IPO is scheduled to remain open through September 10, 2026. The basis of allotment is expected on September 11, followed by refunds and credit of shares on September 15. The shares are scheduled to list on BSE and NSE on September 16, 2026.

Source:

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

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