This issue listed on 16 Sep 2026 — grey-market quoting band ho chuki hai. Final unofficial premium +₹192 (+30.4%) tha, actual debut +18.9% debut gain. Compare the two to judge how honest the street signal was.
Kanohar Electricals commands a grey-market premium of ₹192 (+30.4% of the ₹632 upper band), about ₹4,416 per lot of 23 shares. Street demand is cooling: the quote slipped from ₹241 to ₹192 across 3 tracked sessions — late-window weakness often precedes a soft debut. Books show 90.59x total subscription (QIB 215.37x, NII 87.74x, retail 20.51x). Institutions are carrying this issue — QIB demand near 215.37x is the smart-money leg that grey quotes usually follow, not lead. At ₹1,056 Cr this is a heavyweight issue — large floats absorb grey-market heat faster, so premiums here move slower than SME pops. This issue has already listed — compare the debut against the premium trail above to judge how honest the street signal was.
Unofficial street quote — treat as sentiment alongside subscription breadth and fundamentals, never as a promised listing price.
| Date | GMP | Est. Gain |
|---|---|---|
| 17 Sep | +₹192 | +30.4% |
| 16 Sep | +₹192 | +30.4% |
| 15 Sep | +₹241 | +38.1% |
Est. gain = GMP as % of the upper band price (indicative listing premium).
Grey Market Premium is an unofficial, off-exchange quote. SEBI does not recognise grey-market trading; the actual listing price is decided by order-book demand on debut day.
| Price Band | ₹601 - ₹632 |
|---|---|
| Lot Size | 23 shares |
| Issue Size | ₹1,056 Cr |
| Opening Date | 08 Sep 2026 |
| Closing Date | 10 Sep 2026 |
| Listing Date | 16 Sep 2026 |
| Subscription | 90.59x |
The last unofficial grey market premium for Kanohar Electricals IPO was ₹192 (+, frozen at listing). Actual debut gain was +18.9% — compare with the premium trail above. Grey market quoting stops once an issue lists.
Grey market premium is a street quote that reacted to subscription momentum and market mood — the final unofficial premium was ₹192, frozen once the issue listed. It was never guaranteed.
No. GMP is an unofficial sentiment indicator that can change quickly. The actual listing price is decided by regular order-book demand on the exchanges on debut day. For Kanohar Electricals, the book stands at 90.59x overall with QIB demand at 215.37x — read that breadth next to the premium, not the premium alone.
The full report with subscription status, RHP financials, strengths and data-based analysis signal is on the Kanohar Electricals IPO detail page.
Read the full Kanohar Electricals IPO report →
Last updated: 16 Sep 2026 IST