Karamtara Engineering IPO Details

Bookbuilding IPO | ₹875 Cr | Listing at BSE, NSE | Wed, Sep 9, 2026 - Fri, Sep 11, 2026

IPO Details

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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.

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
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 Open

Wed, Sep 9, 2026
Allotment

Tue, Sep 15, 2026
Credit of Shares

Wed, Sep 16, 2026

IPO Close

Fri, Sep 11, 2026
Refund

Wed, Sep 16, 2026
Listing

Thu, Sep 17, 2026

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

About Karamtara Engineering Ltd.

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.

Fiscals 2024, 2025 and 2026 we served a total of 48, 73 and 65 customers for our solar products, respectively.

Product Portfolio:

Solar energy: They offer a wide range of solar mounting products, including fixed-tilt structures and tracker components for all types of solar projects.
Lattice towers for transmission lines: The company manufactures a wide range of lattice towers for power transmission lines, with capabilities up to 1,200 kV. As of September 30, 2024, it has supplied over 0.5 million MT of towers globally.
Fasteners for solar, wind, and transmission segments: The company manufactures a wide range of fasteners for industries like solar, wind, transmission, automobile, and telecom, including bolts, nuts, studs, washers, and custom fasteners for global clients and industrial applications.

As of March 31, 2024, the company had 1,015 permanent employees.

Competitive Strengths:

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(Updated on Sep 4, 2026)

Company Financials (Restated Consolidated)

Karamtara Engineering Ltd.’s revenue increased by 36% and profit after tax (PAT) rose by 64% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	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

Recently Listed IPOs in Power Generation

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Juniper Green Energy Ltd.	Mainboard	₹1,800.00 Cr	₹225	271.08	₹259.71	+15.43%	₹260.65
Clean Max Enviro Energy Solutions Ltd.	Mainboard	₹3,079.88 Cr	₹1053	634.34	₹867.50	-17.62%	₹1,380.40

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and Acceptances, in part or full

600.00
2 General corporate purposes
Total

600.00

Key Performance Indicator (KPI)

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

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	7.75	7.11
P/E (x)	32.77	35.72
Market Cap at Offer Price	₹7,499Cr.	₹8,174.30 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	94.79%	83.64%
Public	5.21%	16.36%
Total	100%	100%

Company Promoters: Tanveer SIngh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust and Inderjeet Rajiv Singh Trust.

Offer For Sale – Selling Shareholders

Name	Category	No. of Shares Offered	Amount (₹ cr.)
Tanveer Singh	Promoter	39,37,007	100.00
Rajiv Singh	Promoter	39,37,007	100.00
Total		78,74,014	200.00

IPO Registrar

MUFG Intime India Pvt.Ltd.

022-49186000
karamtara.ipo@linkintime.co.in
Visit Website

IPO Lead Manager(s)

JM Financial Ltd.
ICICI Securities Ltd.
IIFL Capital Services Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Karamtara Engineering Ltd. Address

705, Morya Landmark II,

New Link Road,

Andheri (West),

Mumbai, Maharashtra, 400053

+91 22 4071 0000
investors@karamtara.com
Visit Website

IPO FAQs

What is the Karamtara Engineering IPO?

Karamtara Engineering IPO is a main-board IPO of 3,44,48,817 equity shares of the face value of ₹10 aggregating up to ₹875 Crores. The issue is priced at ₹241 to ₹254. The minimum order quantity is 59.

The IPO opens on Wed, Sep 9, 2026, and closes on Fri, Sep 11, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Karamtara Engineering IPO through Angel One?

Angel One customers can apply online in Karamtara Engineering IPO using UPI as a payment gateway. Angel One customers can apply in Karamtara Engineering IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Karamtara Engineering IPO through Angel One

Visit the Angel One 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 Angel One 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 Angel One, 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.