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Issue Open Date
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08-Sep-26
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Issue Closing Date
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10-Sep-26
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Application Money
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100
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Allotment Money
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Price Band
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601
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632
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Minimium Application No.
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23
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Issue Size (Shares)
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16949595
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Market Lot
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1
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Objective
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1. Funding the capital expenditure requirements of our Company towards:(i) Purchase of new machinery and equipment for our manufacturing facility located in Gangol, Meerut, Uttar Pradesh (“Gangol Manufacturing Facility”) for increasing our transformer manufacturing capacity, expanding and automating our backward integration facilities and enhancing operational efficiency;(ii) Civil construction and interior development of an office building at our Gangol Manufacturing Facility; and(iii) Enhancing our sustainability initiatives by (a) setting up of solar power plants at our manufacturing facility locatedin Rithani, Meerut, Uttar Pradesh (“Rithani Manufacturing Facility”, and together with the Gangol Manufacturing Facility, the “Manufacturing Facilities”) and Gangol Manufacturing Facility, and (b) purchasing electric trucks and forklifts (together, “Electric Vehicles”) for handling and movement at our Gangol Manufacturing Facility.(collectively, the “Capital Expenditure Requirements”);2. Funding incremental working capital requirements of our Company; and3. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
We are one of the leading domestic players in transformer manufacturing in terms of revenue in Fiscal 2025. We cater to high growth industries such as power transmission, railways, renewable energy, and power distribution (Source: CARE Report). As on September 30, 2025, we are one of five companies in India to have the short circuit test certification for 500 MVA 400 kV transformers that are used in the power transmission industry (Source: CARE Report). We conduct short circuit testing of our transformers at a scale and as on September 30, 2025, have tested over 200 ratings. We are one of four manufacturers in India who are certified by Research Designs and Standards Organisation (RDSO), the research and development wing of Indian Railways, to manufacturing 100 MVA 132 kV Scott transformers. We are also one of two Indian manufacturers certified to manufacture 100 MVA 220 kV Scott transformers, both of which cater to the demand for rail network electrification from the Indian Railways (Source: CARE Report). Through our backward integrated facilities, we offer a wide range of products and solutions for India’s energy infrastructure, particularly in the manufacture of transformers with our in-house technology. We are led by our Promoter, Chairman and Managing Director, Dinesh Singhal, who is graduate of Indian Institute of Technology Roorkee (formerly known as University of Roorkee), with over 40 years of experience in the transformer manufacturing industry.
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Promoter's Holding
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Total Share Capital
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74231991
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Offered to Public
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16704750
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Promoter's Holding (Pre-Issue)
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99.72
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Promoter's Holding (Post-Issue)
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Address |
Rithani
Delhi Road
Meerut
,
Uttar Pradesh
,
250103
Phone :
0121-3500801-05
Email :
compliance@kanohar.com
Website :
www.kanohar.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
IIFL Capital Services Ltd.
Nuvama Wealth Management Ltd.
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Promoters |
Abhishek Singhal
Adesh Singhal
Aditya Singhal
Dinesh Singhal
K Sons Family Trust
Virat Singhal
Vivek Singhal
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