Karamtara Engineering Shares List at 26% Premium on NSE
Karamtara Engineering made its stock market debut on Thursday, September 17, 2026, with its shares listing at a 25.98% premium on both the NSE and the BSE. The stock opened at ₹320 apiece against its IPO price band of ₹241 to ₹254 per share.
The company’s ₹875.00 crore IPO was open for subscription from September 9 to September 11, 2026, and witnessed modest investor interest. The issue was subscribed 62.63 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Karamtara Engineering IPO Overall Subscription Status
[September 11, 2026, 7:00 P.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
159.59x |
|
Non-Institutional Investors (NIIs) |
48.55x |
|
Retail Individual Investors (RIIs) |
13.26x |
|
Total |
62.63x |
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 FY2026, serving domestic and international markets.
Its portfolio includes fixed-tilt and tracker-based solar structures, fasteners, and overhead transmission line hardware, with expansion into wind turbine towers and battery energy storage systems (BESS). Karamtara exports to more than 50 countries, supplying OEMs, EPC companies, and independent power producers, and is 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 |
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