Kanohar Electricals Ltd - IPO

Kanohar Electricals Ltd IPO Details

Initial public offering of 16,704,750 equity shares of face value of Rs. 2 each (Equity Shares) of Kanohar Electricals Limited (Company or Issuer) for cash at a price of Rs. 632 per equity share (including a share premium of Rs. 630 per equity share) (Offer Price) aggregating to Rs. 1055.74 Crores (the Offer). The offer comprised of a fresh issue of 4,746,835 equity shares of face value of Rs. 2 each aggregating to Rs. 300.00 Crores (Fresh Issue) and an offer for sale of 11,957,915 equity shares of face value of Rs. 2 each (Offered Shares) aggregating to Rs. 755.74 Crores by K Sons Family Trust (promoter selling shareholder and such equity shares offered by the promoter selling shareholder, the Offered Shares). The offer shall constituted 21.10% of the post-offer paid up equity share capital of the company.Price Band: Rs. 632/- per equity share of face value of Rs. 2 each.The floor price is 316 times the face value of the equity shares.Bids can made for a minimum of 23 equity shares of face value of Rs. 2 each and in multiples of 23 equity shares of face value of Rs. 2 each thereafter.

Objective of issue

Funding the capital expenditure requirements of the Company. Funding the incremental working capital requirements of its Company. General corporate purposes.

Kanohar Electricals Ltd Contact Details

Kanohar Electricals Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@Kanohar.com

Website - www.kanohar.com