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Kanohar Electricals IPO Allotment: Check Status, Odds, and GMP

· · 3 min read

The allotment for Kanohar Electricals IPO shares is expected on September 11. Investors can check their status on MUFG Intime India, BSE, or NSE. The IPO was heavily oversubscribed, with a strong grey market premium.

Investors in the Kanohar Electricals Initial Public Offering (IPO) are awaiting the finalization of share allotment, expected on Friday, September 11. Following a robust subscription period, applicants can verify their allotment status through various platforms, including the official registrar, MUFG Intime India, and the websites of the National Stock Exchange (NSE) and BSE Limited.

High Demand and Allotment Probabilities

The Kanohar Electricals IPO, which closed on September 10, saw an overwhelming response, being subscribed a remarkable 90.59 times overall. The issue garnered over 49.23 lakh applications, bidding for shares worth approximately Rs 66,950 crore against the target of Rs 1,056 crore.

  • Qualified Institutional Buyers (QIBs) led the charge with a subscription of 215.37 times.
  • Non-Institutional Investors (NIIs) subscribed 87.74 times their allocated portion.
  • Retail investors showed strong interest, with their segment subscribed 20.51 times.

Given the high demand, the odds of receiving an allotment were naturally tight:

  • Big HNI category (bNII): Approximately 1 in 19 investors received 322 shares (5.26% probability).
  • Small HNI category (sNII): Roughly 1 in 73 investors received 322 shares (1.37% probability).
  • Retail category: About 1 in 18 investors received 32 shares (5.56% probability).

How to Check Your Allotment Status

On MUFG Intime India (Registrar)

  1. Visit the MUFG Intime India web portal.
  2. Select the Kanohar Electricals IPO from the dropdown menu (it will appear once allotment is finalized).
  3. Choose one of three verification modes: Application number, Demat Account number, or PAN ID.
  4. Specify application type (ASBA or non-ASBA).
  5. Enter the required details for your selected mode.
  6. Complete the security captcha.
  7. Click 'Submit' to view your status.

On NSE

  1. Go to NSE's IPO allotment page.
  2. Select ‘Equity & SME IPO Bid details’.
  3. Under ‘Select Symbol’, choose ‘KANOHAR’.
  4. Enter your PAN No. and Application No.
  5. Click ‘Submit’.

On BSE Limited

  1. Visit BSE's IPO allotment page.
  2. Under 'Issue Type', click 'Equity'.
  3. From the 'Issue Name' dropdown, select 'Rays of Kanohar Electricals Limited'.
  4. Input your application number.
  5. Enter your PAN card ID.
  6. Tick 'I am not a Robot' and click 'Search'.

For those not allotted shares, the bidding amount mandates are expected to be revoked by September 11, with refunds processed by Tuesday, September 15.

Grey Market Premium (GMP) and Listing Expectations

The strong subscription figures have positively impacted the grey market premium (GMP) for Kanohar Electricals. Latest reports indicate a GMP of Rs 240 per share, suggesting a potential listing gain of approximately 38 percent for investors. During the bidding period, the GMP was hovering around Rs 225.

The Kanohar Electricals IPO was offered in a price band of Rs 601-632 per equity share, with a lot size of 23 shares. The company's shares are slated for listing on both BSE and NSE on September 16, 2026.

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