Trilegal and Talwar Thakore & Associates (TT&A) advised on the ₹3,000 million IPO of Kanohar Electricals.
Kanohar Electricals Limited is proposing to undertake an initial public offering comprising a fresh issue of equity shares aggregating up to ₹3,000 million and an offer for sale of up to 14,590,000 equity shares by one of its promoters. The company operates across transformer manufacturing and engineering, procurement and construction (EPC) segments.
The proceeds from the fresh issue are proposed to be utilised towards purchase of new machinery, civil construction and interior development at its manufacturing facility in Gangol, Uttar Pradesh, expansion of its backward integration capabilities, and setting up of solar power plants at its facilities in Gangol and Rithani to support sustainability initiatives.
Trilegal advised Kanohar Electricals Limited on the IPO.
Talwar Thakore & Associates advised Nuvama Wealth and IIFL Capital Services Limited (formerly known as IIFL Securities Limited), acting as the book running lead managers on the IPO.
The team comprised Partner Abhinav Kumar, Managing Associate Shubham Sancheti, Senior Associate Ayana Banerjee, and Associates Abhishek Iyer, Akshita Sharma, Keshav Yadav and Vinit Bachwani.
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