Kanohar Electricals IPO GMP jumps 36% on last bidding day. Check latest subscription, review. Apply or not?

Kanohar Electricals IPO opened for subscription from September 8 to September 10, with a price band of ₹601–632. The IPO's grey market premium stands at +225, indicating an optimistic listing price of ₹857, a 35.60% increase from the upper price band.