Kanohar Electricals Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a key step toward its proposed Initial Public Offering (IPO). The company plans to raise funds through a 100% book-built issue, comprising a fresh issue of equity shares and an Offer for Sale (OFS) by existing promoters.
The DRHP is dated January 23, 2026, and the IPO will be conducted in accordance with SEBI ICDR Regulations, 2018.
Company Overview
Incorporated in 1972, Kanohar Electricals Limited is a well-established manufacturer of power equipment and an EPC (Engineering, Procurement and Construction) service provider for substations and transmission lines in India. The company caters to critical infrastructure sectors such as power transmission, power distribution, railways, and renewable energy.
Kanohar Electricals is among the few Indian manufacturers certified for short-circuit testing of 500 MVA 400 kV transformers, which are widely used in high-voltage power transmission. It also holds certifications for 100 MVA 220 kV and 132 kV Scott-connected transformers, supporting India’s expanding high-speed railway electrification network.
With its backward-integrated manufacturing facilities, the company develops transformers using in-house technology, strengthening control over quality, cost, and delivery timelines.
Product and Service Portfolio
Kanohar Electricals offers a diversified portfolio of power infrastructure solutions, including:
-
Transformers
-
Gas Insulated Switchgear (GIS)
-
EPC Substations
-
Transmission Lines
This integrated approach allows the company to serve end-to-end energy infrastructure requirements across India.
IPO Structure and Offer Details
The proposed IPO consists of:
-
Fresh Issue of equity shares of face value ₹2 each, aggregating up to ₹3,000 million
-
Offer for Sale (OFS) of up to 14,590,000 equity shares by the promoter selling shareholder, aggregating up to ₹[●] million
The total offer size will be the combination of the fresh issue and the OFS.
Promoters and Selling Shareholder
The promoters of the company include Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal, Aditya Singhal, and K Sons Family Trust.
The Offer for Sale is being undertaken by K Sons Family Trust, a promoter selling shareholder.
Allocation Structure
As per the DRHP, the IPO allocation will follow standard SEBI norms:
-
QIBs (Qualified Institutional Buyers): Not more than 50% of the offer size
-
5% of the Net QIB portion reserved for mutual funds
-
-
Non-Institutional Investors (NIIs): Not less than 15%
-
Retail Individual Investors (RIIs): Not less than 35%
Utilisation of Net Proceeds
The net proceeds from the fresh issue are proposed to be utilised for the following purposes:
1. Capital Expenditure
-
Purchase of new machinery and equipment at the Gangol Manufacturing Facility, Meerut to expand transformer manufacturing capacity and improve automation
-
Civil construction and interior development of an office building at the Gangol facility
-
Sustainability initiatives, including:
-
Installation of solar power plants at manufacturing facilities
-
Purchase of electric trucks and forklifts for internal logistics
-
2. Working Capital Requirements
-
Funding incremental working capital needs to support business growth
3. General Corporate Purposes
-
Supporting day-to-day operational and strategic requirements
IPO Management and Registrar:-
-
Book Running Lead Managers (BRLMs):
-
Nuvama Wealth Management Limited
-
IIFL Capital Services Limited
-
-
Registrar to the Issue:
MUFG Intime India Private Limited
SEBI’s observations on the DRHP will be the next crucial step before the IPO opens for subscription.
Also Read- SEBI Approved IPO : 13 New IPO Get SEBI Approval For Their Upcoming IPO ; Here is the List
Also Read :- PhonePe Updated DRHP Filed With SEBI : Key IPO Details and Latest Financials
Whatsapp Channel Link – https://whatsapp.com/channel/0029Vajj6LPEVccMdeW6mT10
1 thought on “Kanohar Electricals IPO Files DRHP with SEBI, Check Offer Structure and Use of Funds”