Karamtara Engineering IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
Incorporated in 1996, Karamtara Engineering Limited is a backward-integrated manufacturer of renewable energy and power transmission infrastructure products. The company primarily focuses on solar energy solutions and offers a diverse portfolio of solar mounting structures, tracker components,…
Open Date
Wed, 09 Sep 2026
Close Date
Fri, 11 Sep 2026
Price Band
₹ 241 – 254
Lot Size
59
Issue Size
₹ 875.00 Cr
Minimum Investment
₹ 14,986 (59 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Karamtara Engineering IPO is set to open its Initial Public Offering (IPO) for subscription on September 09, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹875.00 Crore, comprising a fresh issue of 2.66 Crore equity shares aggregating to ₹675.00 Crore and an offer for sale (OFS) of 78.74 Lakh equity shares aggregating to ₹200.00 Crore by the existing shareholders.
The Karamtara Engineering IPO will open for subscription on September 09, 2026, and close on September 11, 2026. The basis of allotment is expected to be finalized on September 15, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 17, 2026.
The company has fixed the price band at ₹241 to ₹254 per share, with a lot size of 59 shares. Retail investors will require a minimum investment of ₹14,986 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited is the registrar to the issue. IIFL Capital Services Limited, ICICI Securities Limited, and JM Financial Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Karamtara Engineering IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 11, 2026.
Karamtara Engineering IPO Timeline (Tentative)
- IPO Open Date
- Wed, 09 Sep 26
- IPO Close Date
- Fri, 11 Sep 26
- Basis of Allotment
- Tue, 15 Sep 26
- Initiation of Refunds
- Wed, 16 Sep 26
- Credit of Shares to Demat
- Wed, 16 Sep 26
- Listing Date
- Thu, 17 Sep 26 — BSE & NSE
Open Date
09 September 2026
Close Date
11 September 2026
Basis Of Allotment
15 September 2026
Listing Date
17 September 2026
IPO Subscription
Check Live Subscription →The Karamtara Engineering IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 09 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (0%), while Non-Institutional Investors (NIIs) receive 0 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 0% |
| Retail Investors | 0 | 0% |
| Non-Institutional | 0 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 4142.24 | 2762.59 | 1844.56 |
| Revenue | 4316.36 | 3165.36 | 2427.12 |
| Profit After Tax | 228.75 | 139.33 | 102.65 |
| Net Worth | 1219.4 | 982.67 | 552.92 |
| Reserve & Surplus | 926.55 | 690.53 | 547.46 |
| Total Borrowings | 1030.13 | 556.28 | 508.51 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Karamtara Engineering Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 20.77 | 18.13 | 20.45 |
| ROCE % | 23.27 | 23.3 | 24.15 |
| Debt / Equity | 0.84 | 0.57 | 0.84 |
| RoNW % | 20.78 | 18.15 | 20.47 |
Peers Comparison
No Peer Comparision Available
About Karamtara Engineering Limited
Incorporated in 1996, Karamtara Engineering Limited is a backward-integrated manufacturer of renewable energy and power transmission infrastructure products. The company primarily focuses on solar energy solutions and offers a diverse portfolio of solar mounting structures, tracker components, transmission towers, fasteners and overhead transmission line (OHTL) hardware fittings. It has also expanded into the wind energy sector with the manufacturing of angular and tubular wind turbine towers.
Karamtara is the largest integrated manufacturer in India of solar mounting structures and tracker components by installed capacity, with aggregate manufacturing capacity of 8,89,200 MTPA as of March 31, 2026, including 4,92,000 MTPA of solar product capacity, equivalent to approximately 16.81 GW.
Its product portfolio includes fixed-tilt solar structures, tracker piles and piers, torque tubes, lattice towers for transmission lines, wind turbine towers, fasteners, structural steel profiles and OHTL hardware fittings. Solar products remained the company’s largest business segment, contributing 78.99% of revenue in FY2026.
The company operates 13 manufacturing facilities across India and Italy and has significant backward integration through in-house steel processing, galvanising and rolling mill facilities. Its galvanising capacity of 2,76,800 MTPA supports greater control over quality, costs and delivery timelines. The company also has one of the largest galvanising capacities in India’s solar energy sector.
Karamtara has established a strong international presence, exporting its products to more than 50 countries across North America, Europe, Asia, Africa, Australia and Latin America. Exports contributed 40.52% of FY2026 revenue, reflecting the company’s diversified global customer base. It served 65 solar-product customers during FY2026, compared with 73 in FY2025.
The company’s competitive strengths include its integrated manufacturing capabilities, diversified product portfolio, extensive global footprint, established customer relationships, backward integration and strategically located manufacturing facilities. Its experienced management team and in-house manufacturing capabilities further support its ability to execute large-scale renewable energy and transmission infrastructure projects.
As of March 31, 2026, Karamtara Engineering had a workforce of 1,575 employees.
Karamtara Engineering IPO Promoters
- Tanveer SIngh
- Rajiv Singh
- Inderjeet Singh
- Inderjeet Tanveer Singh Trust
- Inderjeet Rajiv Singh Trust
Promoters Holding
Holding Pre Issue
94.79%
Holding Post Issue
83.64%
Karamtara Engineering IPO Objective
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects.
Funding prepayment, repayment and/ or payment obligations to our lenders towards borrowings and Acceptances, in part or full
General corporate purposes
Karamtara Engineering Limited Address / Contact Details
Karamtara Engineering Ltd.
705, Morya Landmark II,
New Link Road,
Andheri (West),
Mumbai, Maharashtra, 400053
Phone: +91 22 4071 0000
Email: investors@karamtara.com
Website: https://karamtara.com/
IPO Snapshot
Karamtara Engineering IPO Lot Size
The Karamtara Engineering IPO has a lot size of 59 shares. Retail investors require a minimum investment of ₹14,986 by applying for 1 lot (59 shares). The maximum application allowed for the retail category is 13 lots (767 shares), requiring an investment of ₹1,94,818.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 59 | 14,986.00 |
| Retail (Max) | 13 | 767 | 194,818.00 |
| S-HNI (Min) | 14 | 826 | 209,804.00 |
| S-HNI (Max) | 66 | 3,894 | 989,076.00 |
| B-HNI (Min) | 67 | 3,953 | 1,004,062.00 |
Issue Reservation
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- JM Financial Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Karamtara Engineering IPO?
Karamtara Engineering IPO is a Book-building IPO with a total issue size of ₹875 crore. The Karamtara Engineering IPO price band is ₹241 to 254 per share. The Karamtara Engineering IPO subscription opens on Wed, Sep 9, 2026, and closes on Fri, Sep 11, 2026. The Karamtara Engineering IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Karamtara Engineering IPO.
When will the Karamtara Engineering IPO open for subscription?
The Karamtara Engineering IPO opens on Wed, Sep 9, 2026 and closes on Fri, Sep 11, 2026
What is Karamtara Engineering IPO Price Band?
Karamtara Engineering IPO Price Band is ₹241 to 254 per share.
What is Karamtara Engineering IPO Lot Size?
Karamtara Engineering IPO lot size is 59 shares, Retail investors need a minimum investment of ₹14986 based on the upper price band
What is the minimum investment for Karamtara Engineering IPO?
The minimum investment for Karamtara Engineering IPO is ₹14986, based on one lot of 59 shares at the upper price band of ₹254 per share.
How to apply for Karamtara Engineering IPO?
Investors can apply for the Karamtara Engineering IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 11, 2026. The application amount remains blocked until the Karamtara Engineering IPO allotment is finalized.
What is Karamtara Engineering IPO Issue Size?
Karamtara Engineering IPO issue size is ₹875 crores.
What is the Karamtara Engineering IPO Allotment Date?
Karamtara Engineering IPO allotment date is Tue, Sep 15, 2026.
Who is the Karamtara Engineering IPO Registrar?
The registrar for Karamtara Engineering IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Karamtara Engineering IPO allotment status, refund processing, and other IPO-related information.
What is the Karamtara Engineering IPO GMP?
The Karamtara Engineering IPO GMP (Grey Market Premium) is ₹20 as of Fri, Sep 4, 2026. Based on the upper price band of ₹254 per share, the estimated Karamtara Engineering IPO listing price is ₹274, indicating a potential listing gain of approximately 7.87% over the issue price.
Who is the Karamtara Engineering IPO Lead Manager?
The book-running lead managers (BRLMs) for the Karamtara Engineering IPO are IIFL Capital Services Limited, ICICI Securities Limited and JM Financial Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Karamtara Engineering IPO Red Herring Prospectus (RHP).