Mumbai: Shares of transformer manufacturer Kanohar Electricals Ltd made a strong stock market debut on Wednesday, listing at a premium of more than 8% over the IPO issue price of ₹632. Shares List Higher On BSE, NSE Kanohar Electricals shares opened at ₹672.05 on the BSE, marking a gain of 6.33% over the issue price. On the NSE, the stock listed at ₹685.50, reflecting a stronger premium of 8.46%.…
Kanohar Electricals Ltd, a transformer manufacturer, made a strong market debut on Wednesday, listing at a premium of over 8% above the IPO issue price of ₹632. The company's shares opened at ₹672.05 on the BSE, reflecting a gain of 6.33% over the issue price, and at ₹685.50 on the NSE, indicating a stronger premium of 8.46%. The IPO raised ₹317 crore from anchor investors, with the company setting an IPO price band of ₹601-₹632 per share.
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Tenor 1-day Notified Amount (in ₹ crore) 2,50,000 Total amount of offers received (in ₹ crore) 3,17,088 Amount accepted (in ₹ crore) 2,50,025 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24…
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