Investors who subscribed to Kanohar Electricals IPO may get the much-awaited allotment update today. With the public issue receiving a massive 90.51-times subscription, attention has now shifted to the basis of allotment and the company’s upcoming stock-market debut.The Rs 1,055.74-crore Kanohar Electricals IPO is expected to finalise its share allotment today. Once the allotment is announced, investors will be able to check online whether they have been allotted shares. The company’s stock is tentatively scheduled to list on both the BSE and NSE on September 16, 2026.Investor interest has also been boosted by the IPO’s grey market premium (GMP), which is currently around 35%. The premium suggests that the stock could potentially deliver a strong listing gain. However, GMP is an unofficial indicator and can fluctuate before the shares begin trading.The Kanohar Electricals IPO opened for subscription on September 8 and closed on September 10. It was subscribed 90.59 times overall. The retail portion was subscribed 20.51 times, while the Non-Institutional Investors (NIIs) category saw 87.74 times subscription. Qualified Institutional Buyers (QIBs) subscribed 215.37 times.The company had set the IPO price band at Rs 601–Rs 632 per share. The lot size was fixed at 23 shares, meaning retail investors applying at the upper end of the price band had to invest a minimum of Rs 14,536 for one lot.Nuvama Wealth Management Limited and IIFL Capital Services Limited are the book-running lead managers for the issue, while MUFG Intime India Private Limited is acting as the registrar.Investors can check their allotment status through any of the following platforms:MUFG Intime India (Registrar)Visit the MUFG Intime IPO allotment page.Select Kanohar Electricals from the drop-down menu.Enter your PAN, application number, or DP/Client ID.Click Submit to view your allotment status.NSEVisit the NSE IPO allotment page.Select Equity.Choose MUFG Intime from the list.Enter your application number and PAN to check the status.BSEVisit the BSE IPO allotment link.Tick Equity under Issue Type.Choose MUFG Intime from the drop-down menu.Enter your application number or PAN.Complete the captcha verification and click Search to view your allotment details.ALSO READ: NSE unlisted shares vs Nifty: Where did investors make more money ahead of mega IPO?Kanohar Electricals IPO GMP TodayThe Kanohar Electricals IPO continues to trade at a healthy premium in the grey market. The latest Grey Market Premium (GMP) stands at Rs 223 per share, implying a premium of around 35% over the IPO's upper price band of Rs 632. Based on the current GMP, the estimated listing price stands at around Rs 855 per share, suggesting a potentially strong listing gain over the IPO's upper price band.GMP Note: The Grey Market Premium (GMP) is an unofficial indicator of market sentiment and is not regulated or guaranteed by stock exchanges. GMP levels can change before the listing, and the actual listing price may vary significantly from estimates based on grey-market trends.Kanohar Electricals IPO ObjectiveKanohar Electricals plans to use the net proceeds from the IPO primarily to fund its capital expenditure requirements, with an estimated allocation of Rs 64.18 crore. The company also proposes to deploy Rs 155 crore towards incremental working capital requirements.The remaining proceeds will be utilised for general corporate purposes. Overall, the company plans to utilise approximately Rs 219.18 crore from the issue proceeds towards these objectives.About Kanohar ElectricalsIncorporated in 1972, Kanohar Electricals is an Indian transformer manufacturer serving the power transmission, railways, renewable energy, and power distribution sectors. The company operates across two segments: transformer manufacturing and EPC services. It is one of only four Indian manufacturers certified by RDSO to manufacture 100 MVA, 132 kV Scott transformers.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)