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Kanohar Electricals IPO Signals 38 Percent Listing Gains On Wednesday
M
Moneycontrol•05-10-2026, 17:24
Kanohar Electricals IPO Signals 38 Percent Listing Gains On Wednesday
- •Kanohar Electricals shares are set to debut on Wednesday with grey market trends indicating listing gains of up to 38 percent over the issue price of Rs 632.
- •The Rs 1,056-crore IPO witnessed massive demand, getting subscribed 90.59 times overall on the final day of bidding.
- •Analysts recommend allottees to book partial profits upon listing and hold the remaining shares for the long term to benefit from grid capex and railway electrification demand.
- •The company reported robust financials with strong revenue and profit growth, backed by an order book of Rs 18,183 million.
- •Investors who missed the initial allotment are advised to look for market corrections as a potential entry point.
Key Questions Answered
The initial public offering (IPO) of Kanohar Electricals was subscribed 90.59 times on the final day of bidding.
Kanohar Electricals shares made their market debut on Wednesday, September 16, settling with a premium of nearly 19 percent against the issue price of Rs 632.
Analysts recommended that investors who received allotment book partial profits on a premium listing and hold the remaining shares for the long term to benefit from multi-year grid capital expenditure and railway electrification demand.
