Kanohar Electricals IPO
Kanohar Electricals IPO is a mainboard IPO raising ₹1,056 Cr at ₹601 – ₹632 a share. The smallest application you can make is 23 shares, costing ₹14,536 at the top of the band. Bidding has closed; the shares list on 16 Sept 2026. So far it has been subscribed 91× in total.
90.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 33,40,950 | 71,95,39,590 | 215× |
| Foreign Institutional Investors | no separate quota | 18,11,44,504 | n/a |
| Domestic Financial Institutions | no separate quota | 36,35,22,659 | n/a |
| Mutual funds | no separate quota | 3,66,01,234 | n/a |
| Others | no separate quota | 13,82,71,193 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 25,05,713 | 21,98,49,456 | 88× |
| Non Institutional Investors | 16,70,476 | 15,70,86,665 | 94× |
| Corporates | no separate quota | 17,69,022 | n/a |
| Individuals | no separate quota | 14,95,06,716 | n/a |
| Others | no separate quota | 58,10,927 | n/a |
| Non Institutional Investors | 8,35,237 | 6,27,62,791 | 75× |
| Corporates | no separate quota | 1,99,295 | n/a |
| Individuals | no separate quota | 6,07,07,051 | n/a |
| Others | no separate quota | 18,56,445 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 58,46,663 | 11,98,99,460 | 21× |
| Cut Off | no separate quota | 10,53,50,373 | n/a |
| Price bids | no separate quota | 1,45,49,087 | n/a |
| Total | 1,16,93,326 | 1,05,92,88,506 | 91× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 10 Sept, 11:08 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 10% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.26 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.