New Delhi, Sept. 5 -- Kanohar Electricals Limited has fixed the price band for its maiden initial public offering (IPO) at Rs 601-632 per equity share of face value Rs 2.

The IPO will open for subscription on September 8 and close on September 10, 2026. Investors can bid for a minimum of 23 equity shares and in multiples of 23 thereafter.

The issue comprises a fresh issue of shares of up to Rs 300 crore and an offer-for-sale (OFS) of up to 11,957,915 shares by promoter K Sons Family Trust.

Rs 219.1 Crore Allocated For Capex, Working Capital Of the fresh issue proceeds, Rs 64.1 crore will fund capital expenditure at the company's Gangol manufacturing facility, including machinery and equipment to expand transformer capacity.

The funds ...