Karamtara Engineering IPO Day 2: Subscription Status, Timeline & Key Issue Details

The ₹875.00 crore Karamtara Engineering initial public offering (IPO) entered its second for public subscription today, September 10, 2026, with a price band of ₹241 to ₹254 per share. As of 10:24 A.M on the second day of bidding, the issue had been subscribed 1.53 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 2 Subscription Status

[September 10, 2026, 10:24 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

Karamtara Engineering Limited, incorporated in 1996, is a backward-integrated manufacturer of engineered products serving the renewable energy and power transmission industries. 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, catering to customers in both domestic and international markets.

The company's product portfolio includes fixed-tilt and tracker-based solar structures, fasteners, and overhead transmission line hardware, with growing operations in wind turbine towers and battery energy storage systems (BESS). Karamtara exports to more than 50 countries and serves leading OEMs, EPC companies, and independent power producers. It is also recognised as a Four Star Export House by the Government of India.

Key Financial Highlights 

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