New Delhi, Sept. 8 -- Kanohar Electricals Ltd, a Meerut-based manufacturer of power equipment, has launched an Initial Public Offering (IPO) worth Rs 1,055.74 crore, with the issue opening on September 8, 2026.

The IPO will remain open for subscription until September 10. The company has fixed the price band at Rs 601 to Rs 632 per equity share, while the retail portion of the issue was subscribed within hours of opening.

According to reports, Kanohar Electricals' IPO is the second-largest issue floated by an Indian manufacturing company based in Uttar Pradesh. The largest issue by an Indian manufacturer in the state was recently floated by Kanpur-based Lohia Group, which raised Rs 1,100 crore.

Kanohar Electricals manufactures power, t...