Transformer manufacturer Kanohar Electricals files IPO papers with fresh issue size of Rs 300 crore

Kanohar Electricals Files Draft Document for Rs 300 Crore IPO

Kanohar Electricals, a leading transformer manufacturer based in Uttar Pradesh, has submitted a draft document to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise funds for its capital expenditure and working capital requirements.

Key Highlights of the IPO

• The company plans to raise Rs 300 crore through the issuance of fresh shares, with the promoter K Sons Family Trust selling up to 1.45 crore shares through an offer-for-sale.
• The fresh issue component includes a pre-IPO placement amounting to Rs 60 crore, which may be considered before filing the Red Herring Prospectus with the Registrar of Companies.

Company Background and Plans

Kanohar Electricals claims to be one of the leading domestic companies in transformer manufacturing in terms of revenue, catering to power transmission, railways, renewable energy, and power distribution industries.

The company intends to utilise the fresh issue proceeds for various purposes, including:

• Purchase of new machinery and equipment: Rs 66.74 crore
• Civil construction and interior development of office building: Rs 66.74 crore
• Enhancing sustainability initiatives at Gangol manufacturing facility: Rs 66.74 crore
• Incremental working capital requirements: Rs 130 crore
• General corporate purpose: Remaining funds

Financial Performance

Kanohar Electricals has recorded a profit of Rs 30.6 crore on revenue of Rs 165.5 crore for the six months period ended September 2025.

The company's profit in the year ended March 2025 grew by 267 percent to Rs 65.1 crore compared to Rs 17.8 crore in the previous year, while revenue increased by 62.9 percent to Rs 450.6 crore, up from Rs 276.7 crore.

Merchant Bankers

Nuvama Wealth Management and IIFL Capital Services have been appointed as merchant bankers for managing the Kanohar Electricals IPO.