Karamtara Engineering IPO: dates, price band, lot size and GMP
Karamtara Engineering IPO listed on 17 Sep at ₹320 (NSE, BSE). Issue dates 9 – 11 Sep 2026, price band ₹241 – ₹254, lot 59 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Karamtara Engineering listed on 17 Sep 2026 on NSE, BSE at ₹320, +₹66 (+26.0%) against the ₹254 upper band. Karamtara Engineering IPO listing date, price and gain · Recently listed IPOs
Updated 19 Oct 2026, 16:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 209 IPOs on its calendar; the Karamtara Engineering IPO has a price band of ₹241 – ₹254, a lot of 59 shares and no grey-market premium reported yet as of 19 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 9 – 11 Sep 2026 |
| Price band | ₹241 – ₹254 |
| Lot size | 59 shares |
| Issue size | ₹875.00 Cr |
| Fresh issue | ₹675 Cr |
| Offer for sale | ₹200 Cr |
| Subscription | 66.01x |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | JM Financial Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd. |
| Status | Listed |
Timeline
- Issue opens: 9 Sep
- Issue closes: 11 Sep
- Allotment: 15 Sep
- Refunds: 16 Sep
- Demat credit: 16 Sep
- Listing: 17 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 168.19x |
| NII | 51.17x |
| sNII | 45.83x |
| bNII | 53.83x |
| Retail | 13.98x |
| Total | 66.01x |
Last updated 11 Sep 2026, 6:53 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹8,174.3 Cr |
| P/E (pre-issue) | 32.77x |
| P/E (post-issue) | 35.72x |
| Fresh issue (shares) | 2,65,74,803 |
| Offer for sale (shares) | 78,74,014 |
| Total shares offered | 3,44,48,817 |
| Promoter holding pre-issue | 92.06% |
| Promoter holding post-issue | 82.01% |
| Promoters | Tanveer SIngh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust, Inderjeet Rajiv Singh Trust |
| Lead managers | JM Financial Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | karamtara.ipo@linkintime.co.in |
| Company website | karamtara.com |
| Anchor bid date | 8 Sep 2026 |
| Anchor lock-in ends (50%) | 14 Oct 2026 |
| Anchor lock-in ends (remaining) | 13 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 59 | ₹14,986 |
| Retail (maximum) | 14 | 826 | ₹2,09,804 |
| sNII (minimum) | 14 | 826 | ₹2,09,804 |
| bNII (minimum) | 67 | 3,953 | ₹10,04,062 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 1,03,34,644 | |
| QIB | 20% | 68,89,764 | Not more than 50% of the Net Offer |
| NII (HNI) | 15% | 51,67,323 | Not less than 15% of the Net Offer |
| sNII | 5% | 17,22,441 | |
| bNII | 10% | 34,44,882 | |
| Retail | 35% | 1,20,57,086 | Not less than 35% of the Net Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 9 Sep | 1.26x | 1.90x | 1.65x | 2.03x | 1.13x | 1.34x |
| Day 2 · 10 Sep | 2.40x | 6.49x | 7.58x | 5.95x | 3.46x | 3.80x |
| Day 3 · 11 Sep | 168.19x | 51.17x | 45.83x | 53.83x | 13.98x | 66.01x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹7.75 |
|---|---|
| EPS (post-issue) | ₹7.11 |
| P/E (pre-issue) | 32.77x |
| P/E (post-issue) | 35.72x |
| RoNW | 18.15% |
| RoCE | 23.3% |
| RoE | 18.13% |
| EBITDA margin | 10.98% |
| Price / book | 7.56x |
| NAV per share | ₹33.62 |
| Debt / equity | 0.57 |
| Market cap (upper band) | ₹8,174.3 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 4,142.24 | 2,762.59 | 1,844.56 | +49.9% |
| Total Income | 4,316.36 | 3,165.36 | 2,427.12 | +36.4% |
| Profit After Tax | 228.75 | 139.33 | 102.65 | +64.2% |
| EBITDA | 498.11 | 346.83 | 262.93 | +43.6% |
| NET Worth | 1,219.4 | 982.67 | 552.92 | +24.1% |
| Reserves and Surplus | 926.55 | 690.53 | 547.46 | +34.2% |
| Total Borrowing | 1,030.13 | 556.28 | 508.51 | +85.2% |
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 of September 30, 2024, the company had 530 permanent employees. In addition, they have engaged 412 factory workers on the payroll.
Objects of the issue
- Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and Acceptances, in part or full — ₹600 Cr
- General corporate purposes — ₹28.39 Cr
- Issue Expenses — ₹60.49 Cr
Net proceeds: ₹688.88 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Karamtara Engineering (issuer) | 7.83 | 7.83 | 41.72 | — | 20.78% | — | — |
| Inox Wind | 2.65 | 2.65 | 36.93 | 27.08x | 8.32% | 1.97 | — |
| Waaree Energies | 129.1 | 128.84 | 501.9 | 20.48x | 32.48% | 5.27 | — |
| KP Green Engineering | 27.15 | 27.15 | 91.52 | 9.65x | 32.32% | 2.88 | — |
| Suzlon Energy | 2.31 | 2.31 | 6.9 | 20.25x | 40.64% | 7.67 | — |
| Premier Energies | 33.63 | 33.63 | 95.09 | 30.15x | 42.35% | 10.67 | — |
| Vikram Solar | 13.68 | 13.6 | 87.43 | 12.7x | 21.34% | 1.98 | — |
| Saatvik Green Energy | 29.83 | 29.76 | 107.08 | 14.23x | 41.97% | 3.95 | — |
| Emmvee Photovoltaic Power | 17.17 | 17.17 | 53.37 | 18.87x | 51.12% | 6.09 | — |
Notes: All the financial information for Karamtara Engineering Limited is on a consolidated basis for the year ended March 31, 2026. All the financial information for listed industry peers mentioned above is on a consolidated basis and is sourced from the annual reports/annual results of the respective company for the year ended March 31, 2026.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Karamtara Engineering IPO listing day: listed at ₹320 (+26.0% vs the upper band), 17 Sep 2026
- Karamtara Engineering IPO GMP today and trend
- Karamtara Engineering IPO subscription status, day by day
- Karamtara Engineering IPO allotment status and how to check
Frequently asked questions
When does the Karamtara Engineering IPO open and close?
The issue is scheduled for 9 – 11 Sep 2026.
What is the Karamtara Engineering IPO price band?
The price band is ₹241 – ₹254 per share with a lot size of 59 shares.
How big is the Karamtara Engineering IPO?
The total issue size is ₹875.00 Cr, of which ₹675 Cr is a fresh issue and ₹200 Cr an offer for sale.
When will Karamtara Engineering list?
The tentative listing date is 17 Sep on the main board.
How do I apply for the Karamtara Engineering IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Karamtara Engineering · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Karamtara Engineering · as filed · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 15 Sep · in.mpms.mufg.com
- NSE public issues page · listing 17 Sep · nseindia.com
- BSE public issues page · listing 17 Sep · bseindia.com
- Karamtara Engineering company website · karamtara.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 17 Sep, 03:59 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Karamtara Engineering IPO”, https://buyunlistedshares.com/ipo/karamtara-engineering-ipo, as of 19 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 19 Oct 2026.
Our notes on this IPO
- Read our review: Karamtara Engineering IPO 2026: Business, Financials and Key Facts from the RHP
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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