- Issue price
- ₹254per share
- Issue size
- ₹875 Cr3,44,48,817 shares
- Face value
- ₹10per equity share
- Lot size
- 59 sharesMin. ₹14,986 at the upper price
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- AllotmentTue, 2026
- ListingThu, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 2,65,74,803 shares (₹675 Cr)
- Offer for sale
- 78,74,014 shares (₹200 Cr)
- Total issue
- 3,44,48,817 shares (₹875 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail43.8%
- Anchor37.5%
- NII18.8%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 1,20,57,086 | 43.75% | 35% |
| Non-institutional investors (NII) | 51,67,323 | 18.75% | 15% |
| Qualified institutional buyers (QIB) | 1,72,24,408 | 62.50% | 50% |
| Anchor investors | 1,03,34,644 | 37.50% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹254 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 59 | ₹14,986 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹7.83
- EPS (diluted)
- ₹7.83
- P/E (FY 2025-26 (diluted, at Offer Price))
- 32.44×
- RoNW (FY 2025-26 weighted average)
- 19.85%
- NAV per share (At Offer Price)
- ₹61.2
- Debt to equity
- 0.84
- EBITDA margin
- 11.55%
- PAT margin
- 5.30%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 4,311.98 | 3,158.45 | 2,425.15 |
| Total income | 4,316.36 | 3,165.36 | 2,427.12 |
| EBITDA | 498.11 | 346.83 | 262.93 |
| Profit after tax | 228.75 | 139.33 | 102.65 |
| Net worth | 1,219.92 | 983.19 | 553.44 |
| Reserves and surplus | 927.62 | 690.89 | 547.91 |
| Total assets | 4,142.24 | 2,762.59 | 1,844.56 |
| Total borrowing | 1,030.13 | 556.28 | 508.51 |
FY 2025-26 vs FY 2024-25: revenue +36.5%, profit after tax +64.2%.
Source: ProspectusUpdated
About the company
The company manufactures structures and components for solar energy and transmission lines, including mounting structures, tracker piles, torque tubes, lattice and wind towers, fasteners and hardware fittings. It operates manufacturing facilities mainly in Maharashtra and Gujarat, plus one in Italy, and exports to many countries.
- Incorporated
- 1996
- Industry
- Renewable Energy Structures and Transmission Line Products
- CIN
- U45207MH1996PLC099333
- Website
- karamtara.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Inderjeet Singh | Promoter | 0.48% | — | — |
| Tanveer Singh | Selling shareholder | 22.16% | — | 39,37,007 |
| Rajiv Singh | Selling shareholder | 22.10% | — | 39,37,007 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of lender borrowings and acceptances | 600.00 |
| General corporate purposes | 28.39 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Karamtara Engineering LimitedIssuer | ₹7.83 | 32.44× | 20.78% | ₹41.72 |
| Inox Wind Limited | ₹2.65 | 27.08× | 8.32% | ₹36.93 |
| Waaree Energies Limited | ₹129.1 | 20.48× | 32.48% | ₹501.9 |
| KP Green Engineering Limited | ₹27.15 | 9.65× | 32.32% | ₹91.52 |
| Suzlon Energy Limited | ₹2.31 | 20.25× | 40.64% | ₹6.9 |
| Premier Energies Limited | ₹33.63 | 30.15× | 42.35% | ₹95.09 |
| Vikram Solar Limited | ₹13.68 | 12.70× | 21.34% | ₹87.43 |
| Saatvik Green Energy Limited | ₹29.83 | 14.23× | 41.97% | ₹107.08 |
| Emmvee Photovoltaic Power Limited | ₹17.17 | 18.87× | 51.12% | ₹53.37 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Backward-integrated manufacturer with in-house galvanizing and rolling mill facilities.
- Broad product range serving solar structures, transmission towers and fasteners.
- Exports to over 50 countries with a recognised export house status.
- Large manufacturing footprint with 13 facilities across India and Italy.
- Long-standing promoter experience in the manufacturing sector.
Risks
- Heavy dependence on a few manufacturing sites, mostly in Tarapur, Maharashtra.
- Large share of revenue from the solar industry, so sector slowdowns would hurt results.
- Top customers contribute a significant share of revenue.
- Significant reliance on letter of credit acceptances and bank borrowings for working capital.
- A title dispute over one manufacturing property is ongoing with a court receiver appointed.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹254) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Karamtara Engineering IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 9 September 2026 and closes on Friday, 11 September 2026.
What is the Karamtara Engineering IPO price band?
The final issue price is ₹254 per share.
What is the lot size of the Karamtara Engineering IPO?
One lot is 59 shares, which is ₹14,986 at ₹254 per share.
Where will Karamtara Engineering shares list?
On NSE and BSE. The tentative listing date is Thursday, 17 September 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Karamtara Engineering IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 15 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹600 Cr for repayment or prepayment of lender borrowings and acceptances, ₹28.39 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.