Karamtara Engineering Limited
ListedRenewable Energy · Mainboard IPO · INE590T01012
Price band
₹241 – ₹254
Lot size
59 shares
Min. investment
₹14,986
Issue size
₹875 Cr
Face value
₹10
Registrar
MUFG Intime India Pvt.Ltd.
Issue timeline
Bidding opens
09 Sept 2026
Bidding closes
11 Sept 2026
Allotment
15 Sept 2026
Listing
17 Sept 2026
Final subscription
66.01x
overall
27,48,876
applications
₹40,430 Cr
bid value
| Category | Sub. (x) | Offered | Bid for | ₹ Cr* |
|---|---|---|---|---|
| Qualified Institutional (QIB) | 168.19x | 68,89,765 | 1,15,88,19,885 | 29,434 |
| Non-Institutional >₹10L (bNII) | 53.83x | 34,44,882 | 18,54,52,635 | 4,711 |
| Non-Institutional ₹2–10L (sNII) | 45.83x | 17,22,441 | 7,89,37,457 | 2,005 |
| Retail (RII) | 13.98x | 1,20,57,086 | 16,85,41,288 | 4,281 |
| Total | 66.01x | 2,41,14,174 | 1,59,17,51,265 | 40,430 |
Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.
About the company
Karamtara Engineering Limited is engaged in the business of manufacturing Products for renewable energy and transmission lines, offering a diverse product portfolio.
Issue details
Issue size
₹875 Cr
Fresh issue
₹675 Cr
Offer for sale
₹200 Cr
Industry
Renewable Energy
Promoter holding (pre)
94.79%
Promoter holding (post)
83.64%
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 2,427.12 | 3,165.36 | 4316.36 Cr |
| EBITDA | 262.93 | 346.83 | 498.11 |
| Profit after tax | 102.65 | 139.33 | 228.75 Cr |
| Net worth | 552.92 | 982.67 | 1219.4 Cr |
| Total assets | 1,844.56 | 2,762.59 | 4,142.24 |
| Total borrowing | 508.51 | 556.28 | 1,030.13 |
Objects of the issue
- Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and Acceptances, in part or full
- General corporate purposes
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
Risks
- Dependence on the renewable energy sector which is subject to regulatory changes
- Competition from other manufacturers in the renewable energy space
- Potential fluctuations in raw material prices affecting profitability
- Challenges in scaling operations to meet increasing demand
Documents
Calculate your bid
At cut-off price ₹254
Lots
1
- Shares
- 59
- Amount
- ₹14,986
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login