Karamtara Engineering IPO Day 3: Subscription Status, Timeline & Key Issue Details

The ₹875.00 crore Karamtara Engineering initial public offering (IPO) entered its final for public subscription today, September 11, 2026, with a price band of ₹241 to ₹254 per share. As of 10:10 A.M on the third day of bidding, the issue had been subscribed 3.95 times.

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 3 Subscription Status

[September 11, 2026, 10:10 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, the company 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.

Its product portfolio includes fixed-tilt and tracker-based solar structures, fasteners, and overhead transmission line hardware, along with expanding 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. The company is also recognised as a Four Star Export House by the Government of India.

Key Financial Highlights 

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