{
  "id": 6239420,
  "title": "Kanohar Electricals Powers Up For IPO, Raises ₹317 Crore From Anchor Investors Ahead Of Subscription Opening",
  "url": "https://urgent.news/2026/09/08/kanohar-electricals-powers-up-for-ipo-raises-317-crore-from-anchor",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T05:00:32.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/kanohar-electricals-powers-up-for-ipo-raises-317-crore-from-anchor-investors-ahead-of-subscription-opening"
  },
  "original_language": "en",
  "account": null,
  "summary": "Kanohar Electricals Ltd, a transformer manufacturer, has successfully raised ₹317 crore from anchor investors ahead of its Rs 1,056 crore initial public offering (IPO). The company allotted 50.11 lakh equity shares to 42 anchor investors at Rs 632 apiece. The IPO will open for subscription on September 8, with a price band of Rs 601-Rs 632 per share. Kanohar Electricals plans to allocate a portion of the IPO proceeds towards capital expenditure, working capital requirements, and general corporate purposes. The company's revenue has more than doubled from ₹276.6 crore in FY24 to ₹653.83 crore in FY26, indicating strong growth.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Kanohar Electricals raises ₹317 crore from anchor investors; IPO opens for subscription",
        "url": "https://urgent.news/2026/09/08/kanohar-electricals-raises-317-crore-from-anchor-investors-ipo-opens",
        "published": "2026-09-08T03:57:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}