LIVE BLOG09 Sep 2026 | 11:07:37 AM ISTKanohar Electricals IPO GMP Live : Kanohar Electricals IPO opened for subscription today, September 8, 2026, giving investors a three-day window to place their bids until September 10.SynopsisKanohar Electricals IPO GMP Live: The much-awaited Kanohar Electricals IPO opened for subscription today, September 8, 2026, giving investors a three-day window to bid for the issue through September 10. Kanohar Electricals IPO GMP Live: The book-built issue is valued at Rs 1,055.74 crore and comprises a fresh issue of 47.47 lakh shares worth Rs 300 crore and an offer for sale (OFS) of 1.20 crore shares amounting to Rs 755.74 crore. The IPO has set a price band of Rs 601–Rs 632 per share, with a lot size of 23 shares. At the upper end of the price band, retail investors will have to invest a minimum of Rs 14,536 to subscribe to one lot. Show more Show less1 New UpdatePrasol Chemicals IPO GMP Live Updates: Financial PerformancePrasol Chemicals Ltd. reported a 22% year-on-year increase in total income, which rose from Rs 1,015.54 crore in FY25 to Rs 1,237.85 crore in FY26. Profit after tax (PAT) surged 91% to Rs 83.12 crore in FY26 from Rs 43.57 crore a year earlier, marking a significant improvement in the company’s profitability.Kanohar Electricals IPO GMP Live Updates: Issue DetailsKanohar Electricals IPO GMP Live Updates: Capital StructureKanohar Electricals IPO GMP Live Updates: Registrar to the OfferMUFG Intime India Private Limited is the Registrar to the OfferKanohar Electricals IPO GMP Live Updates: Book Running Lead ManagersNuvama Wealth Management LimitedIIFL Capital Services LimitedKanohar Electricals IPO GMP Live Updates: Shareholding PatternKanohar Electricals IPO GMP Live Updates: FinancialsKanohar Electricals IPO GMP Live Updates: Subscription StatusSubscription StatusTotal: 0.72 timesRetail Individual Investors (RIIs): 1.00 timesNon-Institutional Investors (NIIS): ​1.04 timesEmployee Reserved: 0 timesQualified Institutional Buyers (QIBs): 0 timesKanohar Electricals IPO GMP Live Updates: Should you subscribe?At the upper end of the price band, Kanohar Electricals is valued at 38.6 times its FY26 P/E and 28.0 times EV/EBITDA, implying a post-issue market capitalisation of Rs 50,046 million. While the valuation is at a premium to Transformers & Rectifiers (India) Limited, which trades at 32.2 times P/E and 20.8 times EV/EBITDA, Anand Rathi believes the premium is justified by Kanohar’s stronger recent growth and profitability. The brokerage has, therefore, assigned a “Subscribe – Long Term” rating to the issue.Prasol Chemicals IPO GMP Live Updates: Objects of the IssueThe company intends to use the IPO proceeds primarily for the full or partial repayment/pre-payment of certain borrowings, amounting to approximately Rs 60 crore. Any surplus funds will be used for general corporate purposes. The total issue proceeds are estimated at Rs 60 crore.Kanohar Electricals IPO GMP Live Updates: About Kanohar Electricals Ltd.Incorporated in 1972, Kanohar Electricals Limited is an Indian transformer manufacturer catering to the power transmission, railways, renewable energy and power distribution sectors.The company operates across two segments — transformer manufacturing and EPC services. It is among only four Indian manufacturers certified by the Research Designs & Standards Organisation (RDSO) to manufacture 100 MVA, 132 kV Scott transformers.Kanohar Electricals operates two manufacturing facilities in Meerut, Uttar Pradesh, with a combined transformer manufacturing capacity of 19,200 MVA as of March 31, 2026. The company also has five regional offices across India and employs more than 526 people.Kanohar Electricals IPO GMP Live Updates: Financial PerformanceKanohar Electricals reported a 45% year-on-year increase in total income, which rose from Rs 457.30 crore in FY25 to Rs 662.86 crore in FY26. The company also witnessed a sharp improvement in profitability, with profit after tax (PAT) nearly doubling by 99% to Rs 129.73 crore in FY26, compared with Rs 65.12 crore a year earlier.Kanohar Electricals IPO GMP Live Updates: Objects of the IssueKanohar Electricals plans to utilise the net IPO proceeds primarily to meet its capital expenditure requirements, with around Rs 64.18 crore earmarked for this purpose. The company also intends to allocate Rs 155 crore towards its incremental working capital needs.IPO GMP Live Updates: ESDS Software Solution shares rally 195% from IPO price in just three sessionsESDS Software Solution shares extended their spectacular post-listing rally on Tuesday, surging 16.21% to Rs 1,266.70 and marking their third consecutive session of gains. The stock has now soared nearly 195% above its IPO issue price of Rs 429, delivering substantial returns to investors within just three trading sessions.IPO GMP Live Updates: Prasol Chemicals issue opens for biddingThe Prasol Chemicals IPO has opened for subscription today, September 8, 2026, with investors getting a three-day window to place their bids through September 10. The issue is currently commanding an 8% premium in the grey market, pointing to relatively modest listing gains at this stage.IPO GMP Live Updates: Kanohar Electricals' Rs 1,055 crore IPO opens for bidding. Should you subscribe?The much-awaited Kanohar Electricals IPO opened for subscription on Tuesday, September 8, 2026, giving investors a three-day window to place their bids. The issue will remain open until September 10.IPO GMP Live Updates: Strong Start! Deepa Jewellers shares list at 25% premium over IPO priceIn a strong debut on Dalal Street, shares of Deepa Jewellers listed at a 25% premium to their IPO price on Tuesday. The stock opened at Rs 221.05 on the BSE and Rs 221 on the NSE.IPO GMP Live Updates: Pranav Constructions IPO Day 2: GMP signals 34% listing gain — Should you subscribe?The Pranav Constructions IPO entered its second day of bidding on September 8, with the issue witnessing strong investor demand. Investors have until September 10 to place their bids. The IPO is commanding a 34% premium in the grey market, signalling positive sentiment and expectations of a healthy listing gain.IPO GMP Live Updates: Glass Wall Systems IPO opens today; GMP at 28% — Should you subscribe?The Glass Wall Systems IPO opens for subscription today, September 8, 2026, with investors having a three-day window to place bids until September 10. In the grey market, the issue is commanding a premium of around 28%, signalling strong investor interest and expectations of a healthy listing gain.IPO GMP Live Updates: Kanohar Electricals IPO opens today; GMP signals 31% listing gain. Should you subscribe?The Kanohar Electricals IPO opens for subscription today, September 8, 2026, with investors having three days to place bids until September 10. The issue is commanding a 31% premium in the grey market, signalling strong investor interest ahead of its stock market debut.IPO GMP Live Updates: Prasol Chemicals IPO opens today: GMP, key details. Should you subscribe?The Prasol Chemicals IPO opens for subscription today, September 8, 2026, with investors able to bid until September 10. In the grey market, the issue is trading at a modest 8% premium, indicating limited listing gains at present.IPO GMP Live Updates: Swastika Research gives Subscribe rating to Pranav Constructions IPOAccording to Swastika Research report, the company has a strong presence in Mumbai’s Western Suburbs, backed by an asset-light redevelopment model and improving profitability. Revenue and PAT grew at 30–34% CAGR during FY24–26, while EBITDA margin rose to 17.2%. At 18.8–19.6x P/E, the IPO valuation appears attractive compared to peers. Key risks include geographic concentration, execution, and regulatory challenges. Subscribe – Attractive for long-term investors and listing gains, with prudent position sizing advised.IPO GMP Live Updates: Pranav Constructions IPO subscribed over 5.5x on Day 1On the first day of bidding, the Pranav Constructions IPO was subscribed 5.70 times overall against the 2.24 crore shares on offer.The Retail Individual Investors (RIIs) portion was subscribed 5.77 times, with the category offering 1.33 crore shares.The Non-Institutional Investors (NIIs) category saw stronger demand, with the portion subscribed 10.61 times against 44.40 lakh shares on offer.Meanwhile, the Qualified Institutional Buyers (QIBs) portion was subscribed 87% of the 47.01 lakh shares reserved for the category.IPO GMP Live Updates: Pranav Constructions IPO GMP TodayThe Pranav Constructions IPO Grey Market Premium (GMP) currently stands at Rs 43 per share, representing a premium of around 34% over the upper end of the IPO price band of Rs 124 per share. Based on the prevailing GMP, the estimated listing price is around Rs 167 per share.IPO GMP Live Updates: Prasol Chemicals IPO GMP todayPrasol Chemicals IPO is currently commanding a GMP of Rs 55 per share, or around 8%, over its upper price band of Rs 676. Based on the prevailing GMP, the estimated listing price is around Rs 731 per share.IPO GMP Live Updates: Kanohar Electricals IPO GMP TodayKanohar Electricals IPO is commanding a GMP of Rs 196 per share, or around 31% over the upper end of the IPO price band of Rs 632. Based on the latest grey-market premium, the estimated listing price stands at Rs 828 per share.