Karamtara Engineering IPO: In this article, we provide detailed and easy-to-understand information about the Karamtara Engineering Limited IPO, including its IPO dates, price band, issue size, lot size, minimum investments and other important IPO-related information.
We also cover key details about the company, its business, financial performance, strengths to help investors better understand the IPO before making an investment decision. The information is compiled from the company’s official documents, stock exchange disclosures and other publicly available sources.
The Karamtara Engineering IPO is officially opening for subscription from September 09, 2026 to September 11, 2026. According to RHP, this company wants to raise ₹875.00 Crore from the market through this IPO.
You can check the Karamtara Engineering IPO GMP Live (Day Wise) here, where you will get information about its latest GMP, changes in GMP and expected listing price. Apart from this, to understand the demand of retail investors during the IPO, you can also check the Karamtara Engineering IPO Subscription Status, where subscription information is available in Retail and other categories.
Read Also: Upcoming Mainboard IPO 2026
After the IPO is closed, if retail investors want to know whether shares have been allotted to them or not, then they can also check the Karamtara Engineering IPO Allotment Status here. In this way, retail investors can easily see all the three important updates of Karamtara Engineering IPO i.e. IPO GMP (Grey Market Premium), IPO Subscription Status and IPO Allotment Status from one place, and along with this, retail investors can also see the IPO Listing.
If You Want To Know About This Karamtara Engineering IPO In Detail Then Read This Article & Company RHP (Red Herring Prospectus) Carefully.
Karamtara Engineering IPO Details
| Issue Open Date | September 09, 2026 |
| Issue Close Date | September 11, 2026 |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹241.00 – ₹254.00 Per Share |
| Issue Price | ₹254 Per Share |
| Lot Size | 59 Share (1 Lot) |
| Listing On | BSE, NSE |
| Total Issue Size | ₹875.00 Cr. (3,44,48,817 Shares) |
| Fresh Issue | ₹675.00 Cr. (2,65,74,803 Shares) |
| Offer For Sale | ₹200.00 Cr. (78,74,014 Shares) |
| Prospectus | RHP | Anchor Investors |
IPO Reservation
The total number of shares in this Karamtara Engineering IPO is 3,44,48,817, in which 35.00% quota i.e. 1,20,57,086 shares are reserved for retail investors, rest 50.00% are reserved for QIB and 15.00% for NII.
| Category | Net Issue | Shares Offered |
|---|---|---|
| Retail | 35.00% | 1,20,57,086 |
| Total | 100.00% | 3,44,48,817 |
IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 59 | ₹14,986 |
| Retail Maximum | 13 | 767 | ₹1,94,818 |
Karamtara Engineering IPO Dates (Tentative)
| Anchor Bid Date | September 08, 2026 |
| IPO Open Date | September 09, 2026 |
| IPO Close Date | September 11, 2026 |
| IPO Allotment Date | September 15, 2026 |
| Money Refund & Share Credit Date | September 16, 2026 |
| IPO Listing Date | September 17, 2026 |
Key Performance Indicator
| KPI (March 31, 2026) | Value |
| Market Capitalisation | ₹8,174.30 Cr. (On Upper Price) |
| P/E Ratio | 32.77x |
| EPS | ₹7.75 |
| ROE | 20.77% |
| ROCE | 23.27% |
| RoNW | 20.78% |
| Dept/Equity | 0.84 |
| EBITDA Margin | 11.55% |
| PAT Margin | — |
| Net Assets Value | ₹41.72 |
| Price To Book Value | 6.09x |
IPO Peer Comparison
| Company | EPS | NAV | P/E | RoNW |
|---|---|---|---|---|
| Inox Wind Limited | ₹2.65 | ₹36.93 | 27.08x | 8.32% |
| Waaree Energies Limited | ₹129.10 | ₹501.90 | 20.48x | 32.48% |
| KP Green Engineering Limited | ₹27.15 | ₹91.52 | 9.65x | 32.32% |
| Suzlon Energy Limited | ₹2.31 | ₹6.90 | 20.25x | 40.64% |
| Premier Energies Limited | ₹33.63 | ₹95.09 | 30.15x | 42.35% |
| Vikram Solar Limited | ₹13.68 | ₹87.43 | 12.70x | 21.34% |
| Saatvik Green Energy Limited | ₹29.83 | ₹107.08 | 14.23x | 41.97% |
| Emmvee Photovoltaic Power Limited | ₹17.17 | ₹53.37 | 18.87x | 51.12% |
Karamtara Engineering Limited Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Total Net Worth | Profit After Tax | EBITDA |
|---|---|---|---|---|---|---|
| March 31, 2026 (Consolidated) | ₹4,142.24 Cr. | ₹4,316.36 Cr. | ₹4,005.14 Cr. | ₹1,219.40 Cr. | ₹228.75 Cr. | ₹498.11 Cr. |
| March 31, 2025 (Consolidated) | ₹2,762.59 Cr. | ₹3,165.36 Cr. | ₹2,977.08 Cr. | ₹982.67 Cr. | ₹139.33 Cr. | ₹346.83 Cr. |
| March 31, 2024 (Consolidated) | ₹1,844.56 Cr. | ₹2,427.12 Cr. | ₹2,289.68 Cr. | ₹552.92 Cr. | ₹102.65 Cr. | ₹262.93 Cr. |
Company Promoters
- Tanveer SIngh
- Rajiv Singh
- Inderjeet Singh
- Inderjeet Tanveer Singh Trust
- Inderjeet Rajiv Singh Trust
| Category | Pre (IPO) | Post (IPO) |
|---|---|---|
| Promoter & Promoter Group | 94.79% | 83.64% |
| Public | 5.211% | 16.36% |
| Total | 100.00% | 100.00% |
IPO Lead Managers
- JM Financial Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
IPO Registrar
MUFG Intime India Private Limited
Address: C-101, Embassy 247
L B S Marg, Vikhroli (West)
Mumbai – 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: karamtara.ipo@linkintime.co.in
Website: www.in.mpms.mufg.com
About Karamtara Engineering Limited (Incorporated in 1996)
The company is a backward integrated manufacturer of products for the renewable energy and transmission line sectors. According to the F&S report, we are the largest integrated manufacturer in India by installed capacity for solar mounting structures and tracker components in fiscal 2026.
As of March 31, 2026, the company had a total installed capacity of 889,200 MTPA (including 492,000 MTPA for solar products, equivalent to approximately 16.81 GW) and 480,000 pieces (excluding galvanizing capacity).
They offer a diverse product portfolio that helps them serve as a one-stop shop for solar structures (fixed-tilt and trackers), structures and fasteners, and overhead transmission line (“OHTL”) hardware fittings and accessories for the solar energy and transmission sectors. It was one of the largest exporters of solar products from India to North America in fiscal 2025 (Source: F&S Report).
It has also entered the wind energy sector by starting production of angular towers for wind turbines and tubular towers for wind turbines in March 2025 and June 2025 respectively. It also intends to enter the Battery Energy Storage System (“BESS”) business through its wholly-owned subsidiary (Karmtara Green Energy Limited (“KGEL”)), which was incorporated in May 2025. Additionally, it intends to set up a manufacturing facility for prefabricated engineered building (“PEB”) structures.
They have a global delivery model and a broad reach. As of March 31, 2026, the company is exporting to over 50 countries in North America, Europe, Asia, Africa, Australia, and Latin America. The company has built a strong international customer base, including original equipment manufacturers (“OEMs”), engineering, procurement, and construction (“EPC”) companies, and independent power producers (“IPPs”). According to the F&S Report, they serve 16 of the top 24 EPC companies in the United States (totaling approximately 233 GW by installed capacity) as of March 31, 2026.
The company’s revenue from exports is projected to grow at a CAGR of 11.89% from ₹13,958.32 million in fiscal 2024 to ₹17,474.92 million in fiscal 2026, representing 57.56% and 40.52% of its total revenue from operations during these years, respectively. It has been recognized as a Four Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India, testifying to its contribution to foreign trade.
According to an F&S report, the company is expected to be one of India’s largest players in the solar sector by number of products as of March 31, 2026. Its extensive product portfolio includes structures for the solar energy sector (such as solar module mounting structures (“Solar MMS”), solar tracker piles and piers, and solar torque tubes) and the transmission sector (such as lattice towers for transmission lines).
Additionally, it began production of angular towers for wind turbines and tubular towers for wind turbines in March 2025 and June 2025, respectively. It also manufactures fasteners (such as bolts, nuts, studs, and washers), structural steel profiles (such as angles, channels, and beams), and OHTL hardware fittings and accessories (such as insulator string fittings, jumper tubes, suspension clamps, and vibration dampers).
Company 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.
- Consistent track record of financial performance and strong financial position.
Objects Of The Issue
- Funding prepayment, repayment and/ or payment obligations to the lenders towards borrowings and Acceptances, in part or full; (Est. Amount ₹600.00 Cr.)
- General corporate purpose.
Company Address
Karamtara Engineering Limited
Address: 705, Morya Landmark II,
New Link Road, Andheri (West),
Mumbai 400 053, Maharashtra, India
Telephone: +91 22 4071 0000
E-mail: investors@karamtara.com
Website: www.karamtara.com
Karamtara Engineering IPO Review
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Karamtara Engineering IPO FAQs
What is the Karamtara Engineering IPO?
The Karamtara Engineering IPO is a mainboard IPO offering 3,44,48,817 equity shares with a face value of ₹10 per share, with a price band of ₹241 to ₹254 per share, and a total issue size of ₹875.00 crore. Investors can bid for a minimum of 59 shares per lot.
The subscription window for this IPO will open on September 09, 2026, and close on September 11, 2026.
MUFG Intime India Privare Limited has been appointed as the registrar for the issue. The company’s equity shares are expected to be listed on both the BSE and NSE.
Desclaimer: This Content Was Compiled By The IPO Investors Team After Researching and Reviewing The Karamtara Engineering IPO RHP (Red Herring Prospectus) And Other Official IPO-Related Documents Publicly Available To Investors. This Information Is Provided For Informational And Educational Purposes Only.
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