Karamtara Engineering IPO is a mainboard book-building public issue with a total size of ₹875 crore.
The IPO comprises a fresh issue of approximately 2.66 crore equity shares worth ₹675 crore and an offer for sale of approximately 78.74 lakh shares valued at ₹200 crore.
The Karamtara Engineering IPO will open for subscription on 9 September 2026 and close on 11 September 2026. The shares are proposed to be listed on both NSE and BSE.
Karamtara Engineering IPO Details
Karamtara Engineering Limited is launching a ₹875 crore mainboard book-building IPO. The issue consists of both a fresh issue of equity shares and an offer for sale by existing promoter shareholders.
The fresh issue comprises approximately 2,65,74,803 shares aggregating to ₹675 crore. The offer for sale comprises approximately 78,74,014 shares aggregating to approximately ₹200 crore.
The IPO price band has been fixed at ₹241 to ₹254 per share. Investors can apply for a minimum of 59 shares and thereafter in multiples of 59 shares.
At the upper price band of ₹254, the minimum retail application requires an investment of ₹14,986.
Karamtara Engineering IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 9 September 2026 |
| IPO Close Date | 11 September 2026 |
| IPO Size | ₹875 Crore |
| Price Band | ₹241 to ₹254 per share |
| Face Value | ₹10 per share |
| Lot Size | 59 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue + Offer for Sale |
| Listing Exchange | NSE and BSE |
| Market Cap at Upper Band | ₹8,174.30 Crore |
| Expected Allotment | 15 September 2026 |
| Refund / Unblocking | 16 September 2026 |
| Demat Credit | 16 September 2026 |
| Tentative Listing Date | 17 September 2026 |
Karamtara Engineering IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 3,44,48,817 | Up to ₹875 Cr |
| Fresh Issue | 2,65,74,803 | Up to ₹675 Cr |
| Offer for Sale | 78,74,014 | Up to ₹200 Cr |
Karamtara Engineering IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Wednesday, 9 September 2026 |
| IPO Closes | Friday, 11 September 2026 |
| Allotment | Tuesday, 15 September 2026 |
| Refund / Unblocking | Wednesday, 16 September 2026 |
| Shares Credited to Demat | Wednesday, 16 September 2026 |
| Listing | Thursday, 17 September 2026 |
Karamtara Engineering IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Offer |
| Retail Investors | Not less than 35% of the Net Offer |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Offer |
Karamtara Engineering IPO Lot Size
Investors can place bids for a minimum of 59 shares. Additional applications must be made in multiples of 59 shares.
| Investor Category | Lots | Shares | Investment at ₹254 |
|---|---|---|---|
| Retail Minimum | 1 | 59 | ₹14,986 |
| Retail 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 |
About Karamtara Engineering Ltd.
Incorporated in 1996, Karamtara Engineering Limited is engaged in manufacturing products for the renewable energy and power transmission sectors.
The company offers a diverse product portfolio covering solar mounting structures, solar trackers, fasteners and overhead transmission line hardware fittings. It also has capabilities in lattice towers for power transmission lines.
Karamtara Engineering is expanding into the wind energy sector with a manufacturing facility for tubular towers used in wind turbines.
As of 31 March 2026, the company had a global presence and exported its products to more than 50 countries across North America, Europe, Asia, Africa, Australia and Latin America.
The company focuses on backward integration through in-house galvanizing facilities and rolling mill furnaces. Its galvanizing capacity is approximately 258,000 MTPA.
During Fiscal 2024, Fiscal 2025 and Fiscal 2026, the company served a total of 48, 73 and 65 customers, respectively, for its solar products.
Karamtara Engineering Product Portfolio
- Solar Energy: Solar mounting structures, fixed-tilt structures and tracker components for different types of solar projects.
- Lattice Towers: Transmission towers for power transmission lines with capabilities up to 1,200 kV.
- Fasteners: Bolts, nuts, studs, washers and customised fasteners used across solar, wind, transmission, automobile and telecom sectors.
- Wind Energy: Manufacturing of tubular towers for wind turbines as part of the company’s expansion into the wind energy segment.
Karamtara Engineering Business Strengths
- Integrated manufacturing capabilities across solar, transmission and renewable energy products.
- Diverse product portfolio serving solar, wind and transmission infrastructure.
- Global export presence across more than 50 countries.
- Backward integration through in-house galvanizing and rolling mill facilities.
- Established relationships with domestic and international customers.
- Experience in manufacturing transmission towers with capabilities up to 1,200 kV.
- Experienced promoter directors and management team.
Karamtara Engineering Financial Performance
Karamtara Engineering reported strong financial growth in FY2026. Total income increased to ₹4,316.36 crore from ₹3,165.36 crore in FY2025, while profit after tax increased to ₹228.75 crore from ₹139.33 crore.
Between FY2025 and FY2026, the company’s total income grew by approximately 36%, while profit after tax increased by approximately 64%.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| 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 Borrowings | 1,030.13 | 556.28 | 508.51 |
| Assets | 4,142.24 | 2,762.59 | 1,844.56 |
Karamtara Engineering IPO Objects of the Issue
The company proposes to use the net proceeds from the fresh issue primarily towards reducing its outstanding borrowings and meeting general corporate requirements.
| No. | Use of IPO Funds | Estimated Amount |
|---|---|---|
| 1 | Funding prepayment, repayment and/or payment obligations to lenders towards borrowings and acceptances, in part or full. | ₹600 Cr |
| 2 | General corporate purposes. | Balance Amount |
| Total Identified Proceeds | ₹600 Cr | |
Karamtara Engineering IPO Key Performance Indicators
| KPI | 31 Mar 2026 | 31 Mar 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 |
Karamtara Engineering IPO Valuation
Based on the upper IPO price of ₹254 per share, Karamtara Engineering is valued at an estimated post-issue market capitalization of approximately ₹8,174.30 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹7.75 | ₹7.11 |
| P/E Ratio | 32.77x | 35.72x |
| Market Capitalisation | ₹7,499 Cr | ₹8,174.30 Cr |
Karamtara Engineering Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & 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.
Karamtara Engineering IPO Offer for Sale
The offer for sale comprises shares offered by existing promoter shareholders. The proceeds from the OFS will go to the selling shareholders and will not be received by Karamtara Engineering Limited.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| Tanveer Singh | Promoter | 39,37,007 | ₹100 Cr |
| Rajiv Singh | Promoter | 39,37,007 | ₹100 Cr |
| Total OFS | 78,74,014 | ₹200 Cr |
Karamtara Engineering Customer Base
Karamtara Engineering serves customers across the renewable energy and transmission infrastructure sectors. The company has developed relationships with domestic and international customers and has a broad export footprint.
For its solar products, the company served 48 customers in FY2024, 73 customers in FY2025 and 65 customers in FY2026.
The company’s international presence extends across more than 50 countries, covering North America, Europe, Asia, Africa, Australia and Latin America.
Karamtara Engineering IPO Registrar & Lead Managers
IPO Registrar: MUFG Intime India Pvt. Ltd.
Book Running Lead Managers: JM Financial Ltd., ICICI Securities Ltd. and IIFL Capital Services Ltd.
Karamtara Engineering IPO Quick Summary
Karamtara Engineering IPO is a mainboard public issue of approximately ₹875 crore. The IPO will open on 9 September 2026 and close on 11 September 2026.
The IPO price band is ₹241 to ₹254 per share and the minimum lot size is 59 shares. At the upper price band, one retail lot requires ₹14,986.
The issue consists of a fresh issue of approximately ₹675 crore and an OFS of approximately ₹200 crore.
Karamtara Engineering manufactures products for the renewable energy and power transmission sectors, including solar mounting structures, transmission towers and fasteners.
The company exports to more than 50 countries and has integrated manufacturing capabilities including in-house galvanizing facilities.
The shares are proposed to be listed on both NSE and BSE, with a tentative listing date of 17 September 2026.
Karamtara Engineering IPO FAQs
Disclaimer
This article is intended for educational and informational purposes only. IPO investments are subject to market risks and the information provided should not be considered investment advice. Investors should carefully read the company’s RHP, prospectus and other official documents before making any investment decision. IPO dates, price details, allotment dates and listing dates are subject to change as per official announcements.
