Karamtara Engineering IPO Details
Karamtara Engineering IPO Summary
Karamtara Engineering IPO opens for subscription on 09 Sep 2026 and closes on 11 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 17 Sep 2026.
Karamtara Engineering IPO price band has been fixed at ₹241 – ₹254 per share. The face value is ₹10 per share with a lot size of 59.
Karamtara Engineering IPO total issue size comprises 3,44,48,817 shares (aggregating up to ₹875.00 Cr). This includes a fresh issue of 2,65,74,803 shares (aggregating up to ₹675.00 Cr). Offer for Sale consists of 78,74,014 shares (aggregating up to ₹200.00 Cr). Pre-issue shareholding stands at 29,52,47,996, which will increase to 32,18,22,799 post-issue.
Karamtara Engineering IPO carries a ₹46 (18.11%) GMP, reflecting investor sentiment.
Karamtara Engineering IPO Lot Size :Retail Minimum is 1 lot (59 shares) amounting to ₹14,986. Retail Maximum is 13 lots (767 shares) amounting to ₹1,94,818. SHNI Minimum is 14 lots (826 shares) amounting to ₹2,09,804. SHNI Maximum is 66 lots (3,894 shares) amounting to ₹9,89,076. BHNI Minimum is 67 lots (3,953 shares) amounting to ₹10,04,062.
Karamtara Engineering IPO Details
Karamtara Engineering IPO Subscription
Karamtara Engineering IPO Application Wise Breakup (Approx)
Karamtara Engineering IPO Dates
- 09 Sep 2026Opening dateOpen
- 11 Sep 2026Closing dateClose
- 15 Sep 2026Allotment Date Allotment
- 16 Sep 2026Initiation of RefundsRefund
- 16 Sep 2026Credit of SharesCredit
- 17 Sep 2026Listing dateListing
Karamtara Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 59 | ₹14,986 |
| Retail Maximum | 13 | 767 | ₹1,94,818 |
| SHNI Minimum | 14 | 826 | ₹2,09,804 |
| SHNI Maximum | 66 | 3894 | ₹9,89,076 |
| BHNI Minimum | 67 | 3953 | ₹10,04,062 |
Karamtara Engineering IPO Reservation
Promoter Holding
Documents
Karamtara Engineering IPO Valuations
Karamtara Engineering Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 4,142.24 | 2,762.59 | 1,844.56 |
| 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 Borrowing | 1,030.13 | 556.28 | 508.51 |
| Amount in ₹ Crore | |||
About Karamtara Engineering IPO
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 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.
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.
- 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 of March 31, 2024, the company had 1,015 permanent employees.
Strength Of Karamtara Engineering IPO
- 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.
- Consistent track record of financial performance and strong financial position.
Risk Of Karamtara Engineering IPO
- The company is significantly dependent on its manufacturing facilities. Any unscheduled, unplanned or prolonged disruption, slowdown or shutdown of its manufacturing facilities could have a material adverse effect on its business, financial condition, cash flows and results of operations. Further, the majority of its manufacturing facilities are located in Maharashtra in India. Its revenue attributable to the company facilities in Maharashtra, India accounted for 98.80% and 99.18% of its total revenue from operations in the six months ended September 30, 2024 and Fiscal 2024, respectively which exposes its operations to potential risks arising from local and regional factors which may restrict its operations and adversely affect the company business, financial condition, cash flows and results of operations.
- The company derives a substantial portion of its revenue from the sale of products in the solar industry (83.41% and 81.75% of its total revenue of operations in the six months ended September 30, 2024 and Fiscal 2024, respectively), and any adverse trend in the solar energy industry could have a material adverse effect on its business, financial condition, cash flows and results of operations.
- The company depend on certain key customers for a significant portion of its revenues (the company top 10 customers contributed to 53.91% and 63.47% of its total revenue from operations in the six months ended September 30, 2024 and Fiscal 2024, respectively). Any decrease in revenues from any of its key customers or any loss of these customers may adversely affect the company business, financial condition, cash flows and results of operations.
- The company derives a significant portion of its revenue from operations from exports (47.33% and 57.56% of the company total revenue from operations in the six months ended September 30, 2024 and Fiscal 2024, respectively) which exposes it to risks inherent to operations in these foreign jurisdictions. Any adverse developments in the international markets that the company operate or intend to expand to, including but not limited to foreign currency exchange rate fluctuations, could have an adverse effect on its business, financial condition, cash flows and results of operations.
- Its operations are subject to volatility in the supply and pricing of raw materials and components. The company is dependent on its suppliers (its top 10 suppliers contributed to 81.65% and 76.00% of total purchases in the six months ended September 30, 2024 and Fiscal 2024, respectively) for certain raw materials and components and if the company is unable to procure the required quality and quantity, at competitive prices, its business, financial condition, cash flows and results of operations may be adversely affected.
- The company does not execute long-term agreements with most of its customers and the company inability to procure new orders on a regular basis or at all may adversely affect its business, financial condition, cash flows and results of operations.
- The company is in the process of undertaking certain expansion activities and intend to continue to do so in the future, which may not materialize as expected or at all which in turn may have an adverse impact on its business and financial condition. Further, an inability to grow its business in additional geographic regions or international markets, including pursuant to any failure or delay in implementing its expansion plans, could have an adverse impact on the company business, financial condition, cash flows and results of operations.
- The company has incurred certain indebtedness and its inability to obtain further financing or meet the company obligations, including financial and other restrictive covenants under its debt financing arrangements could adversely affect the company business, financial condition, cash flows and results of operations. Further, the Company has availed unsecured loans from banks and other financial institutions, which may be recalled on demand.
- Under-utilization of its manufacturing capacities and inability to effectively utilize the company expanded manufacturing capacities could have an adverse effect on its business, financial condition, cash flows and results of operations.
- The company is subject to governmental regulation and its may incur material liabilities under, or costs in order to comply with, existing or future laws and regulation, and the company failures to comply may result in enforcements, recalls, and other adverse actions.
Objectives Karamtara Engineering IPO
- Funding prepayment, repayment and/ or payment obligations to the lenders towards borrowings and Acceptances, in part or full
- General corporate purposes.
Company Contact Details
Karamtara Engineering Limited
705, Morya Landmark II,
New Link Road,
Andheri (West),
Mumbai, Maharashtra
Phone: +91 22 4071 0000
Email: investors@karamtara.com
Website: https://karamtara.com/
Registrar Contact Details
Karamtara Engineering FAQs
The Karamtara Engineering IPO is a MAINBOARD public issue comprising 34448817 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹875.00 Cr. The issue price has been fixed at ₹254 per equity share, and the minimum application size is 59 shares.
The IPO opens for subscription on 09 Sep 2026, and closes on 11 Sep 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹46 (18.11%).
Quick Links
Comments
