Kanohar Electricals IPO set for debut after 90.59x subscription
In short
Kanohar Electricals’ IPO was subscribed 90.59 times before listing. The offer size was ₹1,055.7 crore, and bids came for 1,05,92,88,437 shares against 1,16,93,326 shares on offer. The grey market premium was said to be about 30%.
This matters because strong demand can support the share price on debut. The actual listing price and post-listing move are still unknown.
What the reporting says
Kanohar Electricals’ ₹1,055.7-crore IPO was subscribed 90.59 times on the final day of bidding, and the issue saw bids for 1,05,92,88,437 shares against 1,16,93,326 shares on offer. The publisher summaries also say the retail portion was booked 20.51 times, NII 87.74 times, and QIB 215.37 times, with grey market sentiment implying about 30% premium ahead of listing. The actual listing price is not stated.
Why it matters
Kanohar Electricals’ ₹1,055.7-crore IPO drew heavy demand, with overall subscription at 90.59 times and the grey market indicating about a 30% premium, according to publisher summaries. The retail, NII and QIB categories were also heavily booked. This suggests strong investor interest ahead of debut, but the listing price and any sustained trading performance are not stated.