Karamtara Engineering IPO
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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 power transmission and renewable energy products across 13 facilities (12 in Maharashtra and Gujarat, one in Italy). Its core business—solar module structures, tracker piles, and torque tubes—drives most of its revenue. It also produces lattice, wind, and transmission towers, fasteners, hardware fittings, and structural steel. The company serves domestic Indian markets and exports globally to North America, Europe, Asia, Africa, Australia, and Latin America.
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.
Allotment Status for Karamtara Engineering
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Karamtara Engineering
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 11, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 72.61 | 11588.20 | 159.59x |
| NII | 54.46 | 2643.90 | 48.55x |
| Retail | 127.07 | 1685.41 | 13.26x |
| Total | 254.14 | 15917.51 | 62.63x |