Kanohar Electricals IPO Subscription Update: Issue Subscribed 2.70x on Day 2
Information Subscription
On the second day, Deepa Jewellers received bids for {2,17,12,667} shares against {33,40,950} shares available for subscription, according to NSE data. The retail investor category was subscribed {8.49}, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received {19.22} and {6.50} bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
Kanohar Electricals IPO Subscription Details
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 6.50 |
| 2. | Non-Institutional Investors | 19.22 |
| 3. | Retail Individual Investors (RIIs) | 8.49 |
| - | Total | 10.22 |
Kanohar Electricals IPO Overview & Purpose
Kanohar Electricals is raising around Rs 1,055.74 crore through a combination of a Rs 300 crore fresh issue and an Offer for Sale (OFS) of Rs 755.74 crore. The price band is fixed at Rs 601–Rs 632 per share, with a lot size of 23 shares.
The company plans to use the fresh issue proceeds towards capital expenditure, working capital requirements and general corporate purposes. The IPO is scheduled to close on September 10, 2026, with the shares expected to list on September 16, 2026.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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