care@investkraft.com
+91-9599071040
+91-9797971876
Download RHP
Latest GMP
- Lead Manager
- JM Financial Limited
- IPO Open Date
- 9th Sep 2026
- IPO Close Date
- 11th Sep 2026
- Allotment date
- 15th Sep 2026
- Listing date
- 17th Sep 2026
- Issue Size
- ₹ 875 Cr.
- Issue Price Band
- ₹ 241 to 254
- Lot Size
- 59 Share
- Minimum Investment
- ₹ 14986
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Karamtara Engineering Limited
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.
Global Presence
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.
Backward Integration
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.
Customer Base
In Fiscals 2024, 2025, and 2026, the company served a total of 48, 73, and 65 customers for its solar products, respectively.
Product Portfolio
Solar Energy
Wide range of solar mounting products, including fixed-tilt structures and tracker components for all types of solar projects.
Lattice Towers for Transmission Lines
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
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.
Workforce
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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 72,61,410 (28.57%) | 1,15,88,19,885 | 159.59 |
| NII | 54,46,058 (21.43%) | 26,43,90,092 | 48.55 |
| bNII (> ₹10L) | 36,30,706 (14.29%) | 18,54,52,635 | 51.08 |
| sNII (< ₹10L) | 18,15,352 (7.14%) | 7,89,37,457 | 43.48 |
| Retail | 1,27,07,469 (50.00%) | 16,85,41,288 | 13.26 |
| Total | 2,54,14,937 (100.00%) | 1,59,17,51,265 | 62.63 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 11-09-2026 | ₹254 | ₹61 | ₹315 ( 24.02% ) | ₹3,599.00 | 11-Sep-2026 04:08 PM |
| 10-09-2026 | ₹254 | ₹75 | ₹329 ( 29.53% ) | ₹4,425.00 | 10-Sep-2026 10:13 AM |
| 09-09-2026 | ₹254 | ₹68 | ₹322 ( 26.77% ) | ₹4,012.00 | 09-Sep-2026 10:19 AM |
| 08-09-2026 | ₹254 | ₹58 | ₹312 ( 22.83% ) | ₹3,422.00 | 08-Sep-2026 10:16 AM |
| 07-09-2026 | ₹254 | ₹55 | ₹309 ( 21.65% ) | ₹3,245.00 | 07-Sep-2026 12:32 PM |
| 05-09-2026 | ₹254 | ₹40 | ₹294 ( 15.75% ) | ₹2,360.00 | 05-Sep-2026 10:10 AM |
Financials of Karamtara Engineering Limited
A quick overview of the key financial performance of Karamtara Engineering Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 37%, Profit after Tax (PAT) increased by 64%, Total Assets increased by 50% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 2,425.15 | 3,158.45 | 4,311.98 |
| Assets | 1,844.56 | 2,762.59 | 4,142.24 |
| Total Income | 2,427.12 | 3,165.36 | 4,316.36 |
| Profit After Tax | 102.65 | 139.33 | 228.75 |
| EBITDA | 262.93 | 346.83 | 498.11 |
| Net Worth | 553.44 | 983.19 | 1,219.92 |
| Reserves & Surplus | 547.91 | 690.89 | 927.62 |
| Total Borrowings | 508.51 | 556.28 | 1,030.13 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 20.77 |
| ROCE (%) | 23.27 |
| Debt / Equity | 0.84 |
| RoNW (%) | 20.78 |
| PAT Margin (%) | 5.3 |
| EBITDA Margin (%) | 11.55 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
7.83
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
92.05
-
|
IPO Lead Manager(s)
Lead Manager Details
- JM Financial Limited
- Contact Person: Prachee Dhuri
- SEBI Registration Number: INM000010361
- Investor Grievance Email: grievance.ibd@jmfl.com
- Website: https://www.jmfl.com
- Email: karamtara.ipo@jmfl.com
- Phone: +91 22 6630 3030
- Address: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
Lead Manager Details
- ICICI Securities Limited
- Contact Person: Ramesh Vaswana / Aboli Pitre
- SEBI Registration Number: INM000011179
- Investor Grievance Email: customercare@icicisecurities.com
- Website: https://www.icicisecurities.com
- Email: karamtara.ipo@icicisecurities.com
- Phone: +91 22 6807 7100
- Address: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
Lead Manager Details
- IIFL Capital Services Limited
- Contact Person: Dhruv Bhavsar / Pawan Kumar Jain
- SEBI Registration Number: INM000010940
- Investor Grievance Email: ig.ib@iiflcap.com
- Website: https://www.iiflcapital.com
- Email: karamtara.ipo@iiflcap.com
- Phone: +91 22 4646 4728
- Address: 24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013, Maharashtra, India
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
- Phone
- +91 810 811 4949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Karamtara Engineering Limited
- investors@karamtara.com
- Phone
- +91 22 4071 0000
- Contact Person
- Manoj Kumar Srivastava
- Corporate Identity Number
- U45207MH1996PLC099333
- Address
- 705, Morya Landmark II, New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, India
- Website
- http://www.karamtara.com/
Karamtara Engineering Limited FAQs
