New Delhi, Sept. 10 -- Kanohar Electricals IPO opened for subscription on Tuesday, 8 September, and will close on Thursday, 10 September. The Kanohar Electricals IPO price band is set at Rs.601- Rs.632 per equity share, with a face value of Rs.2 per share. The Kanohar Electricals IPO lot size is 23 equity shares, with investors allowed to bid in multiples of 23 shares thereafter.

Kanohar Electricals IPO GMP today, or grey market premium, is +225. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Kanohar Electricals share price was indicated at Rs.857 apiece, which is 35.60% higher than the IPO price of Rs.632.

Following the grey market movements observed over the p...