Karamtara Engineering IPO Day 1: Subscription Status, Timeline & Key Issue Details

Karamtara Engineering's ₹875.00 crore initial public offering (IPO) opened for public subscription today, September 9, 2026, with a price band of ₹241 to ₹254 per share. As of 10:05 A.M on the first day of bidding, the issue had been subscribed 0.01 times.

The IPO will remain open for subscription until September 11, 2026. The basis of allotment is expected to be finalised on September 15, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 17, 2026.

Karamtara Engineering IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹875.00 crore
• Fresh Issue: Up to ₹675.00 crore 
• Offer for Sale (OFS): Up to ₹200.00 crore
• Face Value: ₹10 per equity share
• Price Band: ₹241 to ₹254 per share
• Lot Size: 59 shares
• Minimum Investment Amount (Retail Investor): ₹14,986 (59 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: JM Financial Limited, ICICI Securities Limited, IIFL Capital Services Limited
• Registrar: MUFG Intime India Private Limited

Karamtara Engineering IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Karamtara Engineering IPO Day 1 Subscription Status

[September 9, 2026, 10:05 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Funding prepayment, repayment and or payment obligations to its lenders towards borrowings and acceptances, in part or full
• General corporate purposes.

About Karamtara Engineering Limited

Incorporated in 1996, Karamtara Engineering Limited is a backward-integrated manufacturer of engineered products catering to the renewable energy and power transmission sectors. According to the F&S Report, it was India's largest integrated manufacturer of solar mounting structures and tracker components by installed capacity in Fiscal 2026, serving customers across domestic and international markets.

The company manufactures fixed-tilt and tracker solar structures, fasteners, and overhead transmission line hardware, while expanding its presence in wind turbine towers and battery energy storage systems (BESS). With exports to more than 50 countries and a customer base that includes leading OEMs, EPC companies, and independent power producers, Karamtara is also recognised as a Four Star Export House by the Government of India.

Key Financial Highlights 

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