Kanohar Electricals and Torrent Gas Get Final Sebi Nod for their IPO
Mumbai, June 25 – Uttar Pradesh-based Kanohar Electricals and Gujarat based Torrent Gas have received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for their initial public offering (IPO). Kanohar Electricals Uttar Pradesh-based Kanohar Electricals has received SEBI final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The Company had filed its IPO papers with Sebi on January 23, 2026. The offer, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 300 crore and an offer-for-sale up to 14,590,000 shares by promoter – K Sons Family Trust. The proceeds from its fresh issuance worth Rs 300 crore, Rs 130 crore will be used for funding the incremental working capital requirements of the company, and general corporate purpose. The company will utilise Rs 66.7 crore in funding the capital expenditure requirements of t...