Hey friend, if you’ve checked your brokerage app this week, you would’ve already noticed that something interesting is happening. Three IPOs – Kanohar vs Prasol vs Glass Wall IPO – are all open for subscription at the same time, from September 8 to September 10, 2026. It’s rare, and naturally, people start asking, ‘Which one should I put my money in?’ I’ve looked at the price bands, GMP numbers, and business models of all three companies, and I want to explain it to you in the simplest way in this article. Honestly, don’t you get confused when three IPOs open on the same day and every website shows different GMP numbers? Let’s clear that confusion together, friend.
Highlight key
- All three IPOs open on September 8 and close on September 10, 2026
- Allotment date for all three is September 11
- Listing date for all three is September 16, 2026 on NSE and BSE.
- Kanohar Electricals makes transformers; price band Rs 601 to Rs 632
- Prasol Chemicals makes specialty chemicals; price band Rs 643 to Rs 676
- Glass Wall Systems makes facades, price band Rs 172 to Rs 182
What Do These Kanohar vs Prasol vs Glass Wall IPO Companies Actually Do?
Before we even talk numbers, let’s understand what each business does. In my experience, people jump straight to GMP and price without even knowing what the company sells, and that is not smart investing.
Kanohar Electricals has been around since 1972. It makes transformers, which are the machines that step electricity up or down as it travels through power lines. The company runs two plants in Meerut, Uttar Pradesh, and it is one of only four companies in India certified to make special railway traction transformers. That certification is not easy to get, so it works like a real barrier against new competitors.
Prasol Chemicals started in 1992 and works in the specialty chemicals space. Instead of making one or two products in bulk, it makes over 150 different chemicals used in paints, pharma, agriculture, and personal care. It serves around 1,600 customers and exports to 69 countries, which shows a wide customer base rather than depending on just a few big clients.
Glass Wall Systems makes glass facades, the outer glass covering you see on modern office buildings and malls. It is the second-largest facade company in India by revenue and is also known as India’s biggest facade exporter, with work going to the USA and Australia as well.
So right away, you can see these three companies are from completely different sectors. That actually makes this comparison more interesting because it is not just about which IPO is priced better; it is about which sector you personally believe in.
Kanohar Electricals IPO Price and GMP Details
Let’s talk numbers now. The Kanohar Electricals IPO price band is fixed between Rs 601 and Rs 632 per share. The lot size is 23 shares, so a retail investor needs around Rs 14,536 to apply for one lot.
As for the grey market, the GMP has been moving between Rs 185 and Rs 211 in the days before subscription, which works out to roughly a 29 to 30 percent premium over the upper price band. That is a strong signal of demand, but remember, GMP is informal and unofficial. It can change quickly, so don’t treat it as a guarantee.
On the financial side, Kanohar Electricals reported a 45 percent jump in FY26 revenue, with profit reaching close to Rs 130 crore. The company is also almost debt-free, with total borrowing of just Rs 39 crore against a net worth of over Rs 372 crore. If you think as I do, a nearly debt-free balance sheet combined with revenue growth is genuinely a good sign, not just hype.
However, one thing worth mentioning honestly: the post IPO price to earnings ratio works out to around 38.58 times at the upper band. That is not cheap, so buyers are paying for future growth expectations, not a bargain price.
Is Prasol Chemicals IPO the Safer Long-Term Bet?
The Prasol Chemicals IPO price band sits higher, between Rs 643 and Rs 676 per share, with a lot size of 22 shares. That means the minimum investment required is close to Rs 14,872, almost similar to Kanohar Electricals.
Here is where things get interesting. The Prasol Chemicals IPO GMP has been quite unstable. It touched around Rs 165 a few days before the issue opened, but by the opening day itself, it had cooled down to around Rs 55, which is roughly an 8 percent premium. That kind of drop tells us that grey market excitement faded a bit as the actual subscription date approached.
On the good side, Prasol Chemicals showed solid financial growth. Revenue rose from about Rs 1,015 crore in FY25 to nearly Rs 1,238 crore in FY26, and profit almost doubled from Rs 43.57 crore to Rs 83.12 crore. That is genuine business growth, not just paper numbers. The return on net worth stands at a healthy 18.53 percent too.
However, I have to be honest with you, buddy. A shrinking GMP right before listing usually means the excitement is cooling down. It does not mean the company is bad, but it does suggest short-term listing gain seekers might not get as much of a pop as they were hoping for earlier in the week.
Why Is Glass Wall Systems IPO the Cheapest of the Three?
Now let’s look at the smallest ticket size option. The Glass Wall Systems IPO price band is only Rs 172 to Rs 182 per share, much lower compared to the other two. However, the lot size is bigger at 82 shares, so the minimum investment still comes to around Rs 14,924, which is honestly very close to what you need for the other two IPOs as well.
This is a good real-life comparison, buddy. It’s like comparing a rupees 20 pack of chips against a rupees 200 chocolate box. The unit price feels cheaper, but by the time you buy the required quantity, your total bill ends up almost the same. So don’t get fooled just by looking at the per-share price.
The Glass Wall Systems IPO GMP has been the most jumpy of all three. It started around Rs 20, spiked to Rs 65 within a day, and then settled back down to somewhere between Rs 35 and Rs 44 by the time subscription opened. That is a rollercoaster pattern, and honestly, such sharp swings usually mean short-term traders are more active in this stock than long-term investors.
On the positive side, the facade and glazing industry itself is growing steadily. The market size is expected to grow from around Rs 351 billion to Rs 551 billion by 2030, which is close to a 12 percent yearly growth rate. Being the second-largest player and top exporter in that space does give Glass Wall Systems a real advantage.
Kanohar Electricals vs Prasol Chemicals vs Glass Wall Systems IPO: Which One Should You Pick?
So now let’s use another real-life comparison to make a decision easier. Think of Kanohar Electricals as the reliable, steady earner with strong fundamentals but a slightly higher valuation. Think of Prasol Chemicals as the company with genuinely strong growth numbers but cooling short-term excitement. And think of Glass Wall Systems as the cheaper entry ticket with a shaky, unpredictable grey market mood.
If you are someone who cares about long-term business strength and doesn’t mind paying a fair valuation, Kanohar Electricals looks attractive because of its almost debt-free balance sheet and rare railway certification. If you prefer a company with strong revenue and profit growth across two years, Prasol Chemicals deserves a serious look despite the cooling GMP. And if you are comfortable with more volatility and want the lowest per-share entry point, Glass Wall Systems could interest you, but go in knowing the GMP has been unstable.
In my experience, GMP alone should never decide your final call. It only tells you about mood in the unofficial market, not the real strength of the business. Therefore, look at financials, industry growth, and valuation together before applying.
Final Thoughts Before You Apply
To wrap this up, all three IPOs, Kanohar Electricals, Prasol Chemicals, and Glass Wall Systems, are strong in their own way, but none of them is a one-size-fits-all winner. Your choice really depends on your own risk comfort and which sector story you personally believe in more, power equipment, specialty chemicals, or building materials.
I am not a financial advisor, and this article is not investment advice. IPO investing carries real risk, and grey market premium numbers are unofficial indicators that can change quickly or even turn negative before listing. Please read the official prospectus (RHP) of each company and consult a registered financial advisor before applying for any of these IPOs.
Disclaimer: This article is based on publicly available information and grey market data as of September 8, 2026. GMP figures are informal, sourced from unofficial dealers, and can change before actual listing. This content is meant for general information only and should not be treated as a buy or sell recommendation.
FAQ's
Q1. Which is better, Kanohar Electricals or Prasol Chemicals IPO?
Kanohar Electricals shows a stronger GMP and near debt-free finances, while Prasol Chemicals shows steadier revenue and profit growth. Compare both before deciding.
Q2. What is the price band for all three IPOs opening this week?
Kanohar Electricals is priced at Rs 601 to Rs 632, Prasol Chemicals at Rs 643 to Rs 676, and Glass Wall Systems at Rs 172 to Rs 182 per share.
Q3. When will Kanohar Electricals, Prasol Chemicals, and Glass Wall Systems IPO list?
All three IPOs are scheduled to list on NSE and BSE on September 16, 2026, following allotment on September 11, 2026.
Q4. Is Glass Wall Systems IPO cheaper than the other two?
Its per-share price is lower, but due to a bigger lot size, the total minimum investment is nearly the same as Kanohar Electricals and Prasol Chemicals.
Q5. Is GMP a reliable way to judge which IPO is best in 2026?
No, GMP is unofficial and changes daily based on sentiment. Always check financials, valuation, and business fundamentals before making a decision.