1,051 Views| 10 Oct 2026
Karamtara Engineering IPO Details
Issue Date
09 Sep - 11 Sep'26
Price Band
₹241 - ₹254
Lot Size
59 Shares
IPO Size
₹875 Cr
Listing At
NSE,BSE
Overall Subscription
62.26x
Karamtara Engineering IPO Listing Details
Listing On
17 Sep'26
Issue Price
₹254
Listed Price
₹ 320
Retail Gain/Listing Gain
25.98%Increase
Schedule of Karamtara Engineering IPO
IPO Open Date
09/09/2026
IPO Close Date
11/09/2026
Basis of Allotment
15/09/2026
Refund Initiation
16/09/2026
Credit of Shares
16/09/2026
Listing on exchange
17/09/2026
Karamtara Engineering IPO Subscription Status Live
(Last updated on 11 Sep 2026 04:45 PM)
Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 09-Sep-2026 | 1.25x | 1.2x | 1.06x | 1.79x |
Day 2 10-Sep-2026 | 3.2x | 2.19x | 2.95x | 5.14x |
Day 3 11-Sep-2026 | 62.26x | 159.59x | 12.56x | 48.46x |
About Karamtara Engineering IPO
The Karamtara Engineering Limited, a mainboard IPO, opens on September 9, 2026 and closes on September 11, 2026. The allotment of shares will take place on September 15, 2026. The credit of shares to the demat account will take place on September 16, 2026. The initiation of refunds will take place on September 16, 2026. The listing of shares will take place on September 17, 2026.
The equity shares offered through the IPO are proposed to be listed on BSE and NSE.
The issue is a combination of fresh issue of 2.66 crore shares aggregating to ₹675 crore and offer for sale of 78.74 lakh shares aggregating to ₹200 crore.
Karamtara Engineering IPO's price band is set at ₹241 to ₹254 per share. The lot size for an application is 59 Shares. The minimum amount of investment required by a retail investor is ₹14,986.
Karamtara Engineering is a manufacturer of products for renewable energy and transmission lines sectors, including solar mounting structures, tracker components, transmission line towers, wind turbine towers, fasteners, and OHTL hardware fittings.
Objectives of Karamtara Engineering IPO
- Funding prepayment, repayment and/ or payment obligations to our lenders towards borrowings and Acceptances, in part or full.
- General corporate purposes.
Watch Video On Karamtara Engineering IPO
Karamtara Engineering IPO Review
Karamtara Engineering IPO is an upcoming Mainboard IPO from the largest integrated manufacturer in India for solar mounting structures and tracker components. The company offers diverse solar structure products (fixed-tilt and trackers), transmission towers, fasteners and engineering steel products, with an extensive global footprint exporting to over 50 countries. #karamtaraengineeringipo #ipo
Karamtara Engineering IPO Review - ₹875 Cr IPO Opens 9-11 Sep | Apply or Avoid?
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Karamtara Engineering IPO Valuation
Detail | Information |
|---|---|
Upper Price Band | ₹254 |
Fresh Issue | 2,65,74,803 shares (agg. up to ₹675 Cr) |
Offer for Sale | 78,74,014 shares of ₹10 (agg. up to ₹200 Cr) |
EPS Diluted (in ₹) for FY 26 | 7.83 |
IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 59 | ₹14,986 |
Retail (Max) | 13 | 767 | ₹1,94,818 |
S-HNI (Min) | 14 | 826 | ₹2,09,804 |
S-HNI (Max) | 66 | 3,894 | ₹9,89,076 |
B-HNI (Min) | 67 | 3,953 | ₹10,04,062 |
Share Offer and Subscription Details
Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
Anchor Investor Allocation for Karamtara Engineering IPO
Rank | Anchor Investor | No. of Shares | Anchor Portion (%) | Amount (Cr) |
|---|---|---|---|---|
1 | HDFC Mutual Fund - HDFC Innovation Fund | 11,81,121 | 11.43% | 30.00 |
2 | Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 11,81,121 | 11.43% | 30.00 |
3 | Mirae Asset ELSS Tax Saver Fund | 11,81,121 | 11.43% | 30.00 |
4 | HDFC Life Insurance Company Limited | 7,87,355 | 7.62% | 20.00 |
5 | SBI Life Insurance Co. Ltd | 7,87,355 | 7.62% | 20.00 |
Note: The above table shows the top five anchor investors in the Karamtara Engineering IPO based on their percentage share of the Anchor Investor Portion.
Industry Outlook
The renewable energy sector in India has experienced significant growth driven by government initiatives and national clean energy targets.
Demand for solar power components and transmission infrastructure has expanded as installed renewable energy capacities cross major milestones.
Global supply chain diversification and government policy tailwinds continue to support the domestic manufacturing ecosystem for solar and wind energy equipment.
About Karamtara Engineering Limited
Karamtara Engineering is a backward integrated manufacturer of products for renewable energy and transmission lines sectors.
The company offers a diverse product portfolio which enables it to serve as a one stop shop for solar structures including fixed tilt and trackers, fasteners, and transmission line towers.
The company operated 13 manufacturing facilities in India and internationally, as of March 31, 2026, and serves customers in over 50 countries globally.
Strengths of Karamtara Engineering
- Backward integrated manufacturer of products for renewable energy and transmission lines sectors.
- Diverse product portfolio enabling it to serve as a one-stop shop for solar structures.
- Wide geographical footprint with a global delivery model and exports to over 50 countries.
- Strategic network of manufacturing facilities with advanced capabilities and in-house galvanizing facilities.
Risks of Karamtara Engineering
- The company is significantly dependent on its manufacturing facilities, and any prolonged disruption could have an adverse effect on its business and operations.
- A substantial portion of the Company's revenue is derived from the solar industry, and adverse trends in this sector could impact results of operations.
- The company depends on certain key customers for a significant portion of its revenues.
- The company derives a significant portion of its revenue from exports, exposing it to foreign jurisdictions and currency fluctuations.
Karamtara Engineering Financials
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Year | Year Data |
|---|---|
FY24 | 2,425.15 |
FY25 | 3,158.45 |
FY26 | 4,311.98 |
Peer Comparison
Company Name | Revenue from Operations (Cr) | P/E Ratio | EPS (Diluted) (₹) | NAV per share (₹) |
|---|---|---|---|---|
Karamtara Engineering | 43,11.98 | - | 7.83 | 41.72 |
Inox Wind Limited | 43,97.12 | 27.08 | 2.65 | 36.93 |
Waaree Energies Limited | 265,36.77 | 20.48 | 128.84 | 501.90 |
KP Green Engineering Limited | 12,45.57 | 9.65 | 27.15 | 91.52 |
Suzlon Energy Limited | 166,79.11 | 20.25 | 2.31 | 6.90 |
Premier Energies Limited | 78,24.37 | 30.15 | 33.63 | 95.09 |
Vikram Solar Limited | 48,02.25 | 12.70 | 13.68 | 87.43 |
Saatvik Green Energy Limited | 45,48.44 | 14.23 | 29.76 | 107.08 |
Emmvee Photovoltaic Power Limited | 50,49.88 | 18.87 | 17.17 | 53.37 |
Notes:
- All the financial information for Karamtara Engineering Limited is on a consolidated basis for the year ended March 31, 2026.
- All the financial information for listed industry peers mentioned above is on a consolidated basis and is sourced from the annual reports/annual results of the respective company for the year ended March 31, 2026.
Anchor Investor Bidding Date
Tuesday, September 8, 2026.
IPO Registrar and Book Running Lead Managers
Registrar Details
MUFG Intime India Private Limited
Tel: +91 810 811 4949
E-mail: karamtara.ipo@in.mpms.mufg.com
Book Running Lead Manager(s)
- JM Financial Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
Karamtara Engineering Contact Details
705, Morya Landmark II, New Link Road, Andheri (West),
Mumbai 400 053, Maharashtra, India.
Email: investors@karamtara.com
Telephone: +91 22 4071 0000
Karamtara Engineering Growth Trajectory
Karamtara Engineering Limited's Total Income for FY26 was ₹4,316.36 crore, whereas in FY25 and FY24 it was ₹3,165.36 crore and ₹2,427.12 crore, respectively.
The Profit After Tax for FY26 was ₹228.75 crore, whereas in FY 25 and FY24 it was ₹139.33 crore and ₹102.65 crore, respectively.
Their EBITDA for FY26 was ₹498.11 crore, whereas in FY25 and FY24 it was ₹346.83 crore and ₹262.93 crore, respectively.
Karamtara Engineering Market Position
The Company operated 13 manufacturing facilities in India and internationally, as of March 31, 2026, and serves customers in over 50 countries globally.
As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹4,316.36 crore, ₹228.75 crore, and ₹498.11 crore, respectively.
Karamtara Engineering Profit and Loss Statement (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 4,316.36 | 3,165.36 | 2,427.12 |
Profit Before Tax | 311.21 | 188.27 | 137.44 |
Profit After Tax | 228.75 | 139.33 | 102.65 |
EPS (Diluted) ₹ | 7.83 | 4.90 | 3.64 |
EBITDA | 498.11 | 346.83 | 262.93 |
Karamtara Engineering Balance Sheet (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Profit Before Tax | 311.21 | 188.27 | 137.44 |
Net Cash from Operating Activities | 675.15 | 102.52 | 40.02 |
Net Cash from Investing Activities | (959.46) | (276.42) | (123.79) |
Net Cash from Financing Activities | 328.34 | 194.86 | 88.05 |
Cash & Cash Equivalents | 74.85 | 30.83 | 9.88 |
Note: () denotes negative
How to apply for Karamtara Engineering IPO?
- Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Karamtara Engineering IPO FAQs
The Karamtara Engineering IPO opens for subscription from 09-09-2026 to 11-09-2026, with a total issue size of ₹875 Cr. The IPO price band is ₹241 to ₹254 per share with a lot size of 59. The company aims to list the shares on BSE & NSE on 17-09-2026.
The Karamtara Engineering IPO will open for subscription on 09-09-2026 and will close on 11-09-2026 for investors.
The minimum lot size for the Karamtara Engineering IPO is 59 equity shares, requiring a minimum investment of ₹14986 for retail investors applying in the IPO.
The price band of the Karamtara Engineering IPO has been fixed at ₹241 to ₹254 per equity share.
You can apply for the Karamtara Engineering IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Karamtara Engineering IPO allotment will take place on 15-09-2026.
You can check the Karamtara Engineering IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Karamtara Engineering shares will list on the stock exchanges on 17-09-2026.
You can find detailed information about the Karamtara Engineering IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
Tanveer Singh is the Chairman and Managing Director of Karamtara Engineering Limited.
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This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.
