The opening day of the IPO for Karamtara Engineering is scheduled for September 9, 2026, and the closing day is September 11, 2026. The price range for the IPO is ₹241-₹254 per equity share, and the total offering size is ₹875 crore.
The company manufactures products in the renewable energy and transmission lines industries. The lot size is 59 shares. The minimum investment in the higher price range is ₹14,986, and the maximum retail application is 767 shares, totalling ₹1,94,818.
For the higher price range of ₹254, retail investors can apply for a minimum of 59 shares and a maximum of 767 shares, and HNIs can apply for a minimum of 826 shares for ₹2,09,804, and a maximum of 3,894 shares for ₹9,89,076.
Karamtara Engineering’s IPO is a book-built issue with a total size of ₹875 crore. The IPO shall be available for subscription from September 9, 2026, till September 11, 2026. The price band has been fixed at ₹241-₹254 per share. The allotment basis is likely to be finalised by September 15, 2026, whereas the company’s listing date on the BSE and NSE is September 17, 2026.
The minimum lot size is 59 shares, which would require a maximum investment of ₹14,986 at the upper price band. The maximum application limit for retail investors is 767 shares (13 lots), up to ₹1,94,818.
Karamtara Engineering IPO Key Details
Here is a quick look at the important details of the Karamtara Engineering IPO:
| IPO Open Date | 9 September, 2026 |
| Close Date | 11 September, 2026 |
| Face value | ₹10 per share |
| Price Band | ₹241 to ₹254 |
| Issue price | – |
| IPO Lot Size | 59 shares |
| Offer for sale | 78,74,014 Shares (₹200 Cr) |
| Fresh issue | 2,65,74,803 shares (₹675 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Total Issue Size (₹ Crore) | 3,44,48,817 Shares (₹875 Cr) |
| Minimum Investment | ₹14,986 (59 shares) |
Karamtara Engineering IPO Timeline
The key dates for the Karamtara Engineering IPO are given below:
| Bidding Opens | 9 September, 2026 |
| Bidding Closes | 11 September, 2026 |
| Allotment Planned For | 15 September, 2026 |
| Refunds Start On | 16 September, 2026 |
| Share Credit to Demat | 16 September, 2026 |
| Listing Scheduled | 17 September, 2026 |
| Cut-off for UPI mandate | 11 September, 2026 5:00 PM |
Karamtara Engineering Key Performance Indicators (KPIs)
Karamtara Engineering IPO KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 20.77% | 18.13% | 20.45% |
| ROCE (%) | 23.27% | 23.30% | 24.15% |
| Debt-Equity (times) | 0.84 | 0.57 | 0.92 |
| RoNW (%) | 20.78% | 18.15% | 20.47% |
| PAT Margin (%) (Restated) | 5.30% | 4.40% | 4.23% |
| EBITDA Margin (%) | 11.55% | 10.98% | 10.84% |
| Price Book Value | 6.09 | 7.56 |
Karamtara Engineering IPO Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 41,422.37 | 27,625.87 | 18,445.62 |
| Revenue from operations | 43,119.76 | 31,584.45 | 24,251.50 |
| Restated Profit After Tax | 2,287.54 | 1,393.32 | 1,026.50 |
(Amount in ₹ million)
Karamtara Engineering IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Retail | Total |
|---|---|---|---|---|
| Sep 9 (Day 1) | 1.26 | 1.90 | 1.13 | 1.34 |
| Sep 10 (Day 2) | 2.30 | 5.05 | 2.84 | 3.16 |
Karamtara Engineering IPO Grey Market Premium
The listing date for the Karamtara Engineering IPO is expected on 17, September 2026, with a price range of ₹241- ₹254 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
Karamtara Engineering IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | – |
| QIB | Not more than 50% of the Net offer |
| NIIs | Not less than 15% of the Net offer |
| Retail Investors | Not less than 35% of the Net offer |
| Total Shares |
Karamtara Engineering IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 1 | 59 | ₹14,986 |
| Individual Investor – Maximum | 13 | 767 | ₹1,94,818 |
| S-HNI Minimum | 14 | 826 | ₹2,09,804 |
| S-HNI Maximum | 66 | 3,894 | ₹9,89,076 |
| B-HNI Minimum | 67 | 3,953 | ₹10,04,062 |
Karamtara Engineering IPO Anchor Investors
The allotment status of the Karamtara Engineering IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
Karamtara Engineering IPO Prospectus
For more information on the Karamtara Engineering IPO, check the links below:
About Karamtara Engineering IPO
Incorporation: 1996
Managing Director: Tanveer Singh
Karamtara Engineering provides engineering services to the renewable energy and power transmission industries. Some of the products that the company manufactures include solar mounting systems, tracking equipment, torque tubes, towers for transmission lines, fasteners, structural steel sections, and overhead transmission line fittings.
Karamtara Engineering also operates in wind energy, manufacturing towers and other equipment for the industry. The company’s backward integration model, which involves rolling and galvanising, supports the production process. Karamtara Engineering supplies its products to customers operating in both domestic and international markets.
| Issue Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | JM Financial Ltd., ICICI Securities Limited, IIFL Capital Services Limited |
Karamtara Engineering IPO Objectives
Funds received from the IPO will be directed towards the following purposes:
| Particulars | Amount (in ₹ Million) |
| Funding prepayment, repayment to lenders towards borrowings and Acceptances | 6,000 |
| General corporate purposes |
Strengths of Karamtara Engineering IPO
Several strengths of Karamtara Engineering are evident, enabling the reader to gain a better understanding of the company’s operations and growth status.
- Large Manufacturing Size and Backward Integration: As of March 31, 2026, Karamtara Engineering has an installed aggregate manufacturing capacity of 889,200 MTPA in 13 manufacturing facilities. In addition, the company has internal galvanisation capacity, which will lead to greater control over the manufacturing process and product quality.
- Excellent Financial Growth: The company’s operating income grew from ₹24,251.50 million in FY24 to ₹43,119.76 million in FY26. Restated Profit after tax also grew from ₹1,026.50 million to ₹2,287.54 million in the same timeframe.
- Global Export Base: Karamtara Engineering sells its products to more than 50 countries in different international markets. The export revenues for Karamtara rose from ₹13,958.32 million in FY24 to ₹17,474.92 million in FY26, indicating that international markets are crucial to the company.
- Wide Range of Products and Customers: Karamtara provides solutions in the solar, wind, and power transmission industries through its products. 45.49% of the company’s FY26 revenue was generated by customers who have been associated with the company for more than 2 years.
Risks of Karamtara Engineering IPO
Multiple risks associated with the Karamtara Engineering IPO need to be considered by investors, as they could affect the company’s earnings, profitability, and operations.
- High Dependence on the Solar Sector: The solar sector’s contribution to earnings is 78.99%, making it highly dependent on a single industry. Any decline in investment in solar power plants, changes in government policies, and a decrease in demand for the company’s products can affect the company’s earnings.
- Geographic Dependence of Manufacturing Processes: Manufacturing processes conducted by the company in Maharashtra accounted for 90.84% of its total income for FY26. Any problems with local infrastructure, natural calamities, labour, or legal issues can affect the company’s manufacturing processes.
- Customer Concentration: 48.63% of the total revenue was obtained from the top 10 customers in FY26. The company may lose its major customer and see reduced orders, limiting its revenue due to customer project delays.
- High Borrowings and Financial Obligations: Total borrowings for FY26 were ₹10,301.29 million, and borrowings outstanding as on July 31, 2026, were ₹13,540.23 million. High borrowing increases interest costs and cash flow problems. The company should ensure that income and working capital are available to repay its financial obligations.
- Risks Related to Foreign Trade Operations: 40.52% of total income was generated due to exports for FY26. The company is exposed to foreign currency risk and policy risks. Foreign trade risks may affect the company’s exports. For example, any change in international duties on imports may affect the company’s foreign trade activities.
Karamtara Engineering IPO Review
An IPO by Karamtara Engineering involves the issuance of stock by a firm operating in the renewable energy and power transmission equipment sectors. Over the past three years, the firm has seen growth in earnings and profits due to increasing demand for its solar and transmission products.
But there are certain risks associated with the firm, particularly in its operations and financials. Total borrowings increased during the current financial year. The proportion of solar products in FY26 was 78.99%, indicating dependence on the solar segment. The total borrowings have also increased to ₹10,301.29 million in FY26 from ₹ 5,085.14 million in FY24.
Alongside low capacity utilisation at some manufacturing plants. The company is highly dependent on a few big clients and is highly exposed to the export business and currency movements. At the higher end of the price band, the company’s valuations and profit growth potential are essential to IPO analysis.
Other Recent IPO List
Stay updated on upcoming IPOs in India and explore new investment opportunities.
| Glass Wall Systems (India) IPO | Pranav Constructions IPO |
| Farm Peace IPO | Deepa Jewellers IPO |
| Paluck Technologies IPO | Ashutosh Fibre IPO |
| Phychem Technologies IPO | Purple Style Labs IPO |
Karamtara Engineering IPO FAQs
Karamtara Engineering IPO is a book-built public offering by Karamtara Engineering Limited. It is engaged in manufacturing renewable energy and power transmission equipment. The company manufactures solar mounting structures, transmission towers, and other engineering structures.
Applicants for the IPO can submit their applications either through their bank or stockbroker under the ASBA facility or via UPI investment platforms. They will have to select the IPO, mention the lot quantity, and fill in the UPI mandate form.
There are business strengths and risks associated with the IPO. It has the advantage of being exposed to renewable energy and international markets. However, it has certain risks such as customer concentration, debt, and sector-specific risks.
One thing that cannot be predicted about an IPO before it gets listed is the rate of return. This depends on the market situation and the value of the business. Grey Market Premium (GMP) is informal and should not be viewed as a guarantee of a return on investment.
The subscription period of Karamtara Engineering Company will start on September 9, 2026, and end on September 11, 2026. During this period, investors will be able to apply for a subscription.
The lot size of the IPO will be 59. The investor must subscribe to at least one lot when applying for a retail subscription. Further subscriptions must be in multiples of the specified lot size.
The finalisation date of the basis of allotment has been fixed as September 15, 2026. Investors may refer to the basis of allotment on the registrar’s or stock exchange’s website. The final allotment will be subject to the subscription and allotment criteria.
Karamtara Engineering will list its stock on September 17, 2026. The listing will take place on both the BSE and the NSE. The listing price will depend upon market conditions prevailing at the time of listing.
