
Karamtara Engineering
LIVEIPO Date: 9 Sept - 11 Sept 2026
Listing Date: 17 Sept 2026
Price Range
Rs.241 - Rs.254
Issue Size
875 Cr
Min Investment
₹14,219
Min Application
59 Shares
Schedule of Karamtara Engineering
Issue open date
9 Sept 2026
Issue close date
11 Sept 2026
UPI mandate deadline
11 Sept 2026 (5 PM)
Allotment finalization
15 Sept 2026
Share credit
16 Sept 2026
Listing date
17 Sept 2026
Mandate end date
26 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 875 Cr |
| Fresh Issue | 675 Cr |
| Offer for Sale | 200 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 15 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 8 Sept 2026Latest | ₹254 | ₹68 | ₹322(+26.77%) |
| 7 Sept 2026 | ₹254 | ₹58 | ₹312(+22.83%) |
| 6 Sept 2026 | ₹254 | ₹55 | ₹309(+21.65%) |
| 5 Sept 2026 | ₹254 | ₹55 | ₹309(+21.65%) |
| 4 Sept 2026 | ₹254 | ₹40 | ₹294(+15.75%) |
Performance Karamtara Engineering
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.241 - Rs.254 | .... | .... | .... |
About Karamtara Engineering
Karamtara Engineering is a backward integrated manufacturer of products for the renewable energy and transmission line sectors. Its product portfolio includes solar module mounting structures, solar tracker piles and piers, solar torque tubes, lattice towers for transmission lines, fasteners, structural steel profiles, and overhead transmission line (OHTL) hardware fittings and accessories. The company has also commenced production of angular and tubular towers for wind turbines. As of March 31, 2026, Karamtara Engineering operated 13 manufacturing facilities, comprising eight facilities in Maharashtra, four in Gujarat, and one in Italy. Its aggregate installed manufacturing capacity stood at 889,200 MTPA, excluding galvanising capacity, along with a capacity of 480,000 pieces at its Italy facility. The company also operates in-house galvanising facilities and rolling mill furnaces. It has a global delivery presence, with exports to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America. Use of proceeds: The IPO is a combination of a fresh issue of shares and offer for sale. The net proceeds from the offer for sale will go to the selling shareholders, whereas those from the fresh issue will go to the company and will be utilised for the following purposes: Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and acceptances, in part or full - Rs 600 crore General corporate purposes
| Founded in | 1996 |
| Managing director | Mr Tanveer Singh |
| Parent organization |
Financial Overview
Strengths
5- 1
Operates 13 diverse manufacturing facilities across India and Italy.
- 2
Strong market footprint with exports to over 50 countries globally.
- 3
Extensive product portfolio catering to renewable and transmission sectors.
- 4
Established relationships with marquee independent power producers.
- 5
Strategic capacity expansion plans in domestic and international markets.
Risks
5- 1
Heavy reliance on manufacturing units concentrated in Maharashtra.
- 2
Significant dependence on the solar energy sector for total revenue.
- 3
Substantial revenue concentration among the top 10 customers.
- 4
Vulnerability to fluctuations in global trade policies and tariffs.
- 5
Ongoing legal disputes regarding company properties and promoters
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.2 |
| Non-Institutional Investors (NIIs) | 1.81 |
| Retail Individual Investors (RIIs) | 1.07 |
| Employee | N/A |
| Total | 1.27 |