Karamtara Engineering
Price band ₹241–254 · Issue ₹875.00 Cr
Market attention score 32 (how ranked)
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Capital required
Approximate retail outlay for Karamtara Engineering at the issue price band (lot × lots).
Est. capital
₹14,219 – ₹14,986
Lot size 59 · up to ₹254/share
Prefer smaller tickets before listing? Explore unlisted & pre-IPO shares.
Opens
9 Sept 2026
Closes
11 Sept 2026
Allotment
15 Sept 2026
Listing
17 Sept 2026
Lot size
59
GMP
+7.87%
At a glance
IPO Open Wed, Sep 9, 2026 IPO Close Fri, Sep 11, 2026 Price Band ₹241 to ₹254 Market Cap * ₹8,174.30 Cr * on Upper Price IPO Details IPO Date 9 to 11 Sep, 2026 Listing Date Thu, Sep 17, 2026 T Face Value ₹ 10 per share Price Band ₹241 to ₹254 Lot Size 59 Shares Sale Type Fresh capital cum OFS Issue Type Bookbuilding IPO Listing At BSE, NSE Total Issue Size 3,44,48,817 shares (agg. up to ₹ 875 Cr) 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) Share Holding Pre Issue 29,52,47,996 shares Share Holding Post Issue 32,18,22,799 shares IPO Timetable (Tentative) IPO Open Wed, Sep 9, 2026 IPO Close Fri, Sep 11, 2026 Allotment Tue, Sep 15, 2026 Refund Wed, Sep 16, 2026 Credit of Shares Wed, Sep 16, 2026 Listing Thu, Sep 17, 2026 IPOs Timetable Issue Reservation Investor Category Shares QIB Not more than 50% of the Net Offer Retail Not less than 35% of the Net Offer NII Not less than 15% of the Net Offer IPO Lot Size Investors can bid for a minimum of 59 shares and in multiples thereof. 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 IPO Subscription Details About Karamtara Engineering Ltd. Updated on Sep 4, 2026 Incorporated in 1996, Karamtara Engineering Limited is engaged in the business of manufacturing Products for renewable energy and transmission lines.
The company offers a diverse product portfolio, serving as a one-stop shop for solar structures (fixed-tilt and trackers), fasteners for solar energy and transmission sectors, and overhead transmission line hardware fittings.
Overview
Karamtara Engineering IPO is a book build issue of ₹875.00 crores. The issue is a combination of fresh issue of 2.66 crore shares aggregating to ₹675.00 crores and offer for sale of 78.74 lakh shares aggregating to ₹200.00 crores.
Karamtara Engineering IPO opens for subscription on Sep 9, 2026 and closes on Sep 11, 2026. The allotment for the Karamtara Engineering IPO is expected to be finalized on Sep 15, 2026. Karamtara Engineering IPO will list on NSE and BSE with a tentative listing date fixed as Sep 17, 2026.
Karamtara Engineering IPO is set issue price band at ₹241 to ₹254 per share. The lot size for an application is 59 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,986 (59 shares) (based on upper price).
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Karamtara Engineering IPO RHP for detailed Information.
Issue details
IPO Date
9 to 11 Sep, 2026
Listing Date
Thu, Sep 17, 2026T
Face Value
₹10 per share
Price Band
₹241 to ₹254
Lot Size
59 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
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 |
Issue reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
About the company
Incorporated in 1996, Karamtara Engineering Limited is engaged in the business of manufacturing Products for renewable energy and transmission lines.
The company offers a diverse product portfolio, serving as a one-stop shop for solar structures (fixed-tilt and trackers), fasteners for solar energy and transmission sectors, and overhead transmission line hardware fittings.
The company is entering the wind energy sector by setting up a manufacturing facility for tubular towers for wind turbines, with operations expected to begin in the first quarter of Fiscal 2026.
As of March 31, 2026, the company has a global presence, exporting to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America, with a broad geographical footprint and delivery model.
The company focuses on backward integration with in-house galvanizing facilities, the largest in India's solar energy sector (258,000 MTPA), and rolling mill furnaces, providing competitive advantages in the supply chain, time efficiency, and cost.
As of March 31, 2024, the company had 1,015 permanent employees.
- Largest integrated manufacturer in India for solar mounting structures and tracker components
- Diverse product offerings acting as a one-stop shop for solar structures (fixed-tilt and trackers).
- Extensive global footprint with a track record of exports to over 50 countries
- Established relationships with global customers and high customer retention
- Strategic network of manufacturing facilities with advanced capabilities
- Experienced Promoter Directors supported by a skilled management team
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 4,142.24 | 2,762.59 | 1,844.56 |
| Total Income | 4,316.36 | 3,165.36 | 2,427.12 |
| Profit After Tax | 228.75 | 139.33 | 102.65 |
| EBITDA | 498.11 | 346.83 | 262.93 |
| NET Worth | 1,219.40 | 982.67 | 552.92 |
| Reserves and Surplus | 926.55 | 690.53 | 547.46 |
| Total Borrowing | 1,030.13 | 556.28 | 508.51 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 20.77% | 18.13% |
| ROCE | 23.27% | 23.30% |
| Debt/Equity | 0.84 | 0.57 |
| RoNW | 20.78% | 18.15% |
| EBITDA Margin | 11.55% | 10.98% |
| NAV | 41.72 | 33.62 |
| Price to Book Value | 6.09 | 7.56 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
7.75
P/E (x)
32.77
Market Cap at Offer Price
₹7,499Cr.
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 94.79% | 83.64% |
| Public | 5.21% | 16.36% |
| Total | 100% | 100% |
Objects of the issue
- — Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and Acceptances, in part or full
- — General corporate purposes
Intermediaries
Registrar
MUFG Intime India Pvt.Ltd.
Lead manager(s)
JM Financial Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd.
FAQs
How to apply in Karamtara Engineering IPO through Zerodha?+
Zerodha customers can apply online in Karamtara Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Karamtara Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Karamtara Engineering IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Karamtara Engineering IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Karamtara Engineering IPO will open?+
The Karamtara Engineering IPO opens on Wed, Sep 9, 2026 and closes on Fri, Sep 11, 2026.
What is the lot size of Karamtara Engineering IPO?+
Karamtara Engineering IPO lot size is 59 , and the minimum amount required for application is ₹14,986 .
How to apply for Karamtara Engineering IPO?+
You can apply in Karamtara Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Karamtara Engineering IPO allotment?+
The finalization of Basis of Allotment for Karamtara Engineering IPO will be done on Tuesday, September 15, 2026 , and the allotted shares will be credited to your demat account by Wed, Sep 16, 2026 . Check the Karamtara Engineering IPO allotment status .
When is Karamtara Engineering IPO listing date ?+
The Karamtara Engineering IPO listing date is not yet announced. The tentative date of listing is Thu, Sep 17, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.