Karamtara Engineering IPO

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Price Band

241 – ₹254

Issue Size

875 Cr

Issue Dates

9 Sept 11 Sept 2026

Listing Date

17 Sept 2026

About Karamtara Engineering Limited

Karamtara Engineering Limited manufactures products for renewable energy and transmission lines, offering 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. As of March 31, 2026, it exports to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America. It focuses on backward integration with in-house galvanizing facilities (258,000 MTPA, the largest in India's solar energy sector) and rolling mill furnaces. It manufactures lattice towers for power transmission lines with capabilities up to 1,200 kV, having supplied over 0.5 million MT of towers globally as of September 30, 2024. As of March 31, 2024, the company had 1,015 permanent employees.

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IPO Details

Price Band₹241 – ₹254
Face Value₹10
Issue Size₹875 Cr
Fresh Issue₹675 Cr
Offer for Sale200 Cr
Total Shares Offered3,44,48,817
Listed OnBoth

Objects of the Issue

Funding prepayment, repayment and/or payment obligations to lenders towards borrowings and Acceptances, in part or full (Rs 600.00 Cr); General corporate purposes.

Key Financial Metrics

EPS (Basic)

7.75

ROE

20.77%

ROCE

23.27%

Debt / Equity

0.84

Financial Performance

Particulars (₹ Cr)FY2024FY2025FY2026
Revenue
EBITDA262.93346.83498.11
PAT102.65139.33228.75
Total Assets1,844.562,762.594,142.24
Net Worth552.92982.671,219.4
Total Borrowings508.51556.281,030.13

Valuation

Market Capitalisation

Pre-IPO₹7,499 Cr
Post-IPO₹8,174.3 Cr

P/E Ratio

Pre-IPO32.77x
Post-IPO35.72x

Promoter Holding

Pre-IPO94.79%
Post-IPO83.64%

Public Holding

Pre-IPO5.21%
Post-IPO16.36%

Lot Size & Allocation

Investment by Category

CategoryLot SizeMin InvestmentMax Investment
retail_min59 shares₹14,986
retail_max767 shares₹1,94,818
shni_min14 × 826₹2,09,804
shni_max3894 shares₹9,89,076
bhni_min67 × 3953₹10,04,062

Reservation / Allocation

CategoryAllocationCut-off
QIB50%No
Retail35%Yes
NII15%No

Registrar & Lead Managers

Registrar

MUFG Intime India Pvt. Ltd.

Lead Managers (3)

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

Peer Comparison

CompanyListedMkt Cap (₹ Cr)EPS (₹)P/EROE %
Karamtara Engineering IPO (this IPO)8,174.3₹7.7520.77%
Juniper Green Energy Ltd.Yes271.08x
Clean Max Enviro Energy Solutions Ltd.Yes634.34x

Frequently Asked Questions

5 questions about Karamtara Engineering IPO IPO

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

Important Dates

Issue Opens9 Sept 2026
Issue Closes11 Sept 2026
Allotment15 Sept 2026
Refund Initiation16 Sept 2026
Demat Credit16 Sept 2026
Listing Date17 Sept 2026

Live GMP

Grey Market Premium55
GMP %21.65%
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