Karamtara Engineering’ initial public offering (IPO) is set to open for subscription on September 9, 2026. According to the Red Herring Prospectus (RHP), the ₹875.00 crore book-built issue comprises a fresh issue of 2.66 crore equity shares aggregating up to ₹675.00 crore and an offer for sale (OFS) of 78.74 crore equity shares aggregating up to ₹200.00 crore by its existing shareholders.

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

Event	Date
Subscription Opening Date	9 September 2026
Subscription Closing Date	11 September 2026
Basis of Allotment Date	15 September 2026
Refund Initiation Date	16 September 2026
Credit of Shares	16 September 2026
Listing on BSE and NSE	17 September 2026

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

Explore other Upcoming IPOs on BSE and NSE.

Karamtara Engineering IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹254 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	59	₹14,986
Retail (Maximum)	13	767	₹1,94,818
sNII (Minimum)	14	826	₹2,09,804
bNII (Minimum)	68	3,953	₹10,04,062

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 for 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, with a diversified portfolio serving both domestic and global markets.

The company offers fixed-tilt and tracker solar structures, fasteners, and overhead transmission line hardware, while also expanding into wind turbine towers and battery energy storage systems (BESS). With exports to over 50 countries and a strong customer base comprising 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

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	4,311.98	3,158.45	2,425.15
EBITDA	498.11	346.83	262.93
Profit After Tax (PAT)	228.75	139.33	102.65