Karamtara Engineering IPO
Upcoming MainboardAlready have an account? Apply now
Karamtara Engineering IPO details
Schedule of Karamtara Engineering
| Issue open date | 09 Sep 2026 |
| Issue close date | 11 Sep 2026 |
| UPI mandate deadline | 11 Sep 2026 (5 PM) |
| Allotment finalization | 15 Sep 2026 |
| Refund initiation | 16 Sep 2026 |
| Share credit | 16 Sep 2026 |
| Listing date | 17 Sep 2026 |
| Mandate end date | 26 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 14 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 13 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Karamtara Engineering
Karamtara Engineering manufactures products for the power transmission and renewable energy sectors. The company’s core business involves the production of solar energy components, including solar module mounting structures, solar tracker piles and piers, and solar torque tubes, which account for a substantial majority of its revenue. In addition to solar products, Karamtara Engineering manufactures lattice towers for transmission lines, angular and tubular towers for wind turbines, fasteners, overhead transmission line hardware fittings, and structural steel profiles. The company generates revenue from domestic sales in India and from export operations serving customers across North America, Europe, Asia, Africa, Australia, and Latin America. Manufacturing activities are supported by 13 production facilities, with 12 located across Maharashtra and Gujarat in India and one facility situated in Italy.
Financials of Karamtara Engineering
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 875 |
| Fresh Issue – Proceeds go to the company | 675 |
| Offer for sale – Proceeds go to the existing investors | 200 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment and/or pre-payment of certain borrowings | 600 (88.89%) |
| General corporate purposes | 75 (11.11%) |
Strengths
- Operates 13 diverse manufacturing facilities across India and Italy.
- Strong market footprint with exports to over 50 countries globally.
- Extensive product portfolio catering to renewable and transmission sectors.
- Established relationships with marquee independent power producers.
- Strategic capacity expansion plans in domestic and international markets.
Risks
- Heavy reliance on manufacturing units concentrated in Maharashtra.
- Significant dependence on the solar energy sector for total revenue.
- Substantial revenue concentration among the top 10 customers.
- Vulnerability to fluctuations in global trade policies and tariffs.
- Ongoing legal disputes regarding company properties and promoters