Kanohar Electricals IPO finalizes allotment today after 90.59x subscription
Kanohar Electricals concludes its three-day bid with a 90.51x overall response and shares expected to list on September 16, 2026, while Veegaland Developers remains open for bidding.
Investors subscribed to the Kanohar Electricals IPO at nine times the total issue size of 90.51. The application window closed on September 10 following a subscription period beginning on September 8. Retail investors participated with a subscription rate of 20.51, while Non-Institutional Investors submitted applications totaling 87.74 times. Qualified Institutional Buyers responded strongly with a subscription rate of 215.37. The company applied for shares at a price band ranging from Rs 601 to Rs 632 per share. One lot consists of 23 shares, requiring a minimum investment of Rs 14,536 at the upper price limit. The allotment is expected to be finalized today and the shares are scheduled to list on both the Bombay Stock Exchange and National Stock Exchange on September 16, 2026.
