Karamtara Engineering Limited IPO
9 Sept 2026 – 11 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹421
- H
- ₹444
- L
- ₹414.1
- C
- ₹438.8
13 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹241 – ₹254
- Lot Size
- 59 shares
- Min Investment
- ₹14,986 (1 lot · 59 shares)
- Face Value
- ₹10
- Fresh Issue
- ₹675 Cr (to the company)
- Offer for Sale
- ₹200 Cr (to selling holders)
- Issue Size
- Initial public offer of comprising a fresh issue of aggregating up to Rs. 6,750 million and offer for sale up to Rs. 2,000 million (Including Anchor portion of 1,03,34,644 Equity Shares)
- Registrar
- MUFG Intime India Private Limited ↗
Timetable
GMP History
Latest GMP ₹48 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 16 Sept | ₹48 | +18.9% | −₹12 | ₹302 | |
| 15 Sept | ₹60 | +23.6% | −₹11 | ₹314 | |
| 14 Sept | ₹71 | +28.0% | — | ₹325 | |
| 13 Sept | ₹71 | +28.0% | +₹2 | ₹325 | |
| 12 Sept | ₹69 | +27.2% | +₹4 | ₹323 | |
| 11 Sept | ₹65 | +25.6% | −₹4 | ₹319 | |
| 10 Sept | ₹69 | +27.2% | −₹3 | ₹323 | |
| 9 Sept | ₹72 | +28.3% | +₹4 | ₹326 | |
| 8 Sept | ₹68 | +26.8% | — | ₹322 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 72,61,41028.6% | 65,91,24,931 | 90.77x |
| NII / HNI | 54,46,05821.4% | 18,04,97,402 | 33.14x |
| bNII · bids above ₹10L | 36,30,70614.3% | 12,81,72,072 | 35.3x |
| sNII · bids ₹2L–₹10L | 18,15,3527.1% | 5,23,25,330 | 28.82x |
| Retail | 1,27,07,46950.0% | 11,42,08,424 | 8.99x |
Bids received on NSE, as at 11-Sep-2026 19:00:57 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 11 Sept | — | — | — | 37.53x |
| 10 Sept | 2.27x | 6.16x | 3.28x | 3.61x |
| 9 Sept | 1.20x | 1.81x | 1.07x | 1.27x |
Financials
All values in ₹ crore
About Karamtara Engineering
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 September 30, 2024, 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. In Fiscal 2022-2024 and the six months ended September 30, 2024, the company served 24-51 customers, mainly OEMs, EPCs, and IPPs, including repeat business from domestic and international solar energy leaders. 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 published in the company's own offer documents.
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
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- JM Financial Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 59 | ₹14,986 |
| Retail (max)most that stays under ₹2L | 13 | 767 | ₹1,94,818 |
| S-HNI (min)first bid over ₹2L | 14 | 826 | ₹2,09,804 |
| S-HNI (max)most that stays under ₹10L | 66 | 3,894 | ₹9,89,076 |
| B-HNI (min)first bid over ₹10L | 67 | 3,953 | ₹10,04,062 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 59 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 2,54,14,899 Equity Shares in multiple of 59 Equity Shares
- Max Bid (NII)
- 1,81,53,474 Equity Shares in multiple of 59 Equity Shares
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 11-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Axis Bank Limited, HDFC Bank Limited and ICICI Bank Limited
Registrar
- Name
- MUFG Intime India Private Limited
- Address
- C-101, Embassy 247 L.B.S. Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India
- Contact
- Shanti Gopalkrishnan, +91 810 811 4949, karamtara.ipo@in.mpms.mufg.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Karamtara Engineering Limited IPO today?
The latest grey market premium for Karamtara Engineering Limited IPO is ₹48. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Karamtara Engineering Limited IPO?
The price band is ₹241 – ₹254, with a lot size of 59 shares. The minimum investment is ₹14,986.
When does Karamtara Engineering Limited IPO open and close?
The issue opens on 9 Sept 2026 and closes on 11 Sept 2026. Listing is expected on 17 Sept 2026.
Who is the registrar for Karamtara Engineering Limited IPO?
MUFG Intime India Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.