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Karamtara Engineering IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 17 Sep 2026
· updated 1 month ago
Price band
₹254
GMP
+₹46
Est. listing price₹300
Est. listing gain18.11%
Issue size₹875 Cr
Karamtara Engineering IPO Details
Open DateWed, 9 Sep 2026
Close DateFri, 11 Sep 2026
Listing DateThu, 17 Sep 2026
Listing AtBSE, NSE
Price Band₹254 per share
Lot Size59 shares
Min. Investment₹14,986
Issue Size₹875 Cr
Karamtara Engineering IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Wed, 9 Sep
IPO Closes
Fri, 11 Sep
Basis of Allotment
Mon, 14 Sep
Tentative
Refunds Initiated
Tue, 15 Sep
Tentative
Shares Credited to Demat
Tue, 15 Sep
Tentative
Listing Date
Thu, 17 Sep
Karamtara Engineering IPO GMP Today
All IPO GMP
GMP today
+₹46
Est. listing price
₹300
Est. gain %
18.11%
Est. profit / lot
₹2,714
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Karamtara Engineering IPO Subscription Status
As of 11 Sep, 7:00 PM
Retail (RII)
13.26x
NII / HNI
48.55x
bHNI (>₹10L)
51.08x
sHNI (₹2–10L)
43.48x
QIB
159.59x
Total
62.63x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
Karamtara Engineering IPO Listing Price & Gain
Issue price₹254
Listing price (NSE)₹320
Listing gain+25.98%
Listing-day close₹352 (+38.6%)
The last GMP before listing (₹46) pointed to about ₹300; the shares opened 7.9 points above that estimate. How accurate is GMP?
Karamtara Engineering IPO Allotment Status
The registrar for this IPO is MUFG Intime (Link Intime). You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Karamtara Engineering IPO Lot Size & Minimum Investment
At upper price band of ₹254| 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 |
Karamtara Engineering IPO analysis: what the numbers say
Karamtara Engineering is in the production of transmission line and renewable energy products. The ₹875 Cr issue combines a fresh issue of ₹675 Cr, which goes to the company, and an offer for sale (OFS) of ₹200 Cr by existing shareholders, so about 77% of the money raised reaches the business. Promoter holding falls from 94.79% to 83.64% after the issue.
Revenue rose from ₹2,427.12 Cr in FY24 to ₹4,316.36 Cr in FY26, a compound annual growth of 33.4%. Profit after tax grew from ₹102.65 Cr to ₹228.75 Cr. That is a net profit margin of 5.3% in FY26. Borrowings were 0.84 times net worth at the end of FY26.
The issue closed subscribed 62.63x overall (QIB 159.59x, NII 48.55x and retail 13.26x). Karamtara Engineering listed at ₹320 on 17 Sep 2026, +26.0% against the issue price of ₹254. The last GMP before listing had pointed to about ₹300, so it opened 7.9 points above the grey market estimate. It closed the first day at ₹352 (+38.6%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Karamtara Engineering IPO Issue Structure
Fresh issue ₹675 Cr (77.1%)
Offer for sale ₹200 Cr (22.9%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)94.79%
Promoter holding (post)83.64%
- Promoters
- Tanveer Singh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust, Inderjeet Rajiv Singh Trust
- Book running lead managers
- JM Financial Ltd.
Objects of the Karamtara Engineering IPO
- Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and Acceptances, in part or full. ~ Rs. 600 Cr.
- General Corporate Purposes.
Karamtara Engineering IPO Strengths & Risks
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.
Risks
- Priced at a post-IPO P/E of roughly 35.72x based on FY2026 earnings, meaning the stock is priced at a noticeable premium.
- The company derives a substantial portion of its revenue from solar products, and any adverse trend in the solar energy industry could materially affect the company.
- Total outstanding borrowings remained high (over ₹1,350 crore as of mid-2026 alongside substantial letter of credit facilities), placing continuous demands on working capital management.
Karamtara Engineering Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 2,427.12 | 3,165.36 | 4,316.36 |
| Profit after tax | 102.65 | 139.33 | 228.75 |
| Net worth | 552.92 | 982.67 | 1,219.4 |
| Total assets | 1,844.56 | 2,762.59 | 4,142.24 |
| Total borrowings | 508.51 | 556.28 | 1,030.13 |
| PAT margin | 4.23% | 4.4% | 5.3% |
Karamtara Engineering Key Performance Indicators (KPIs)
ROE20.77%
ROCE23.27%
RoNW20.78%
Debt / Equity0.84
About Karamtara Engineering IPO
Karamtara Engineering is a mainboard IPO worth ₹875 crore with a price band of ₹254 per share. The issue opens on 9 September 2026 and closes on 11 September 2026. Shares are expected to list on 17 September 2026 on BSE, NSE.
Karamtara Engineering IPO is a Mainboard IPO with an issue size of Rs. 875 Cr by Karamtara Engineering Limited, which is in the production of transmission line and renewable energy products.
The company concentrates on backward integration with rolling mill furnaces and in-house galvanizing facilities, which are the biggest in India's solar energy sector (258,000 MTPA) and offer competitive advantages in the supply chain, time efficiency, and cost.
Solar energy: solar mounting products for all kinds of solar projects, such as tracker parts and fixed-tilt structures.
Transmission line lattice towers: Lattice towers with a maximum capacity of 1,200 kV are used for power transmission lines.
Solar, wind, and transmission fasteners: fasteners for the solar, wind, and automotive industries, as well as for international customers and industrial uses.
This new IPO is to be launched on 09 Sep 2026, and its ‘initial public offering’ will end on 11 Sep 2026.
Karamtara Engineering IPO: FAQs
What is the subscription status of Karamtara Engineering IPO?
The issue closed subscribed 62.63x overall (QIB 159.59x, NII 48.55x and retail 13.26x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of Karamtara Engineering IPO?
Karamtara Engineering listed at ₹320 on 17 Sep 2026, +26.0% against the issue price of ₹254. The last GMP before listing had pointed to about ₹300, so it opened 7.9 points above the grey market estimate. It closed the first day at ₹352 (+38.6%).
What is the price band of Karamtara Engineering IPO?
The Karamtara Engineering IPO price band is ₹254 per share and the issue size is ₹875 crore.
What is the lot size and minimum investment for Karamtara Engineering IPO?
One lot of Karamtara Engineering IPO has 59 shares. The minimum application for retail investors is 1 lot (59 shares), which costs ₹14,986 at the upper price band.
When does Karamtara Engineering IPO open and close?
Karamtara Engineering IPO opens for subscription on Wednesday, 9 September 2026 and closes on Friday, 11 September 2026. Bids are accepted until 5 PM on the closing day.
What is the Karamtara Engineering IPO allotment date?
The basis of allotment for Karamtara Engineering IPO is expected to have been finalised on Monday, 14 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Karamtara Engineering IPO allotment status?
Visit the website of the registrar, MUFG Intime (Link Intime), select Karamtara Engineering IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Karamtara Engineering IPO listing date?
Karamtara Engineering shares listed on BSE, NSE on Thursday, 17 September 2026 at ₹320 per share.
Is Karamtara Engineering a mainboard or SME IPO?
Karamtara Engineering is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 28 Sep 2026, 11:54 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.