Kanohar Electricals Files Rs 300 Crore IPO for Expansion and Working Capital

• Uttar Pradesh-based Kanohar Electricals has filed draft IPO papers with SEBI to raise funds for capital expenditure and working capital.
• The IPO comprises a fresh issue of Rs 300 crore and an Offer For Sale (OFS) of up to 1.45 crore shares by K Sons Family Trust.
• A pre-IPO placement of Rs 60 crore may be considered before the Red Herring Prospectus is filed.
• Funds will be used for new machinery, civil construction, sustainability initiatives at its Gangol facility, and incremental working capital.
• The company reported a profit of Rs 65.1 crore on revenue of Rs 450.6 crore for the year ended March 2025.

Why It Matters: Kanohar Electricals seeks Rs 300 crore via IPO to fuel growth, expand operations, and meet working capital needs.