Karamtara Engineering Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹241 - ₹254
- Lot size
- 59 shares
- Issue amount
- ₹875 cr
- Total subscription
- 66.01×
- Opens
- 9 Sept 2026
- Closes
- 11 Sept 2026
- Allotment
- 15 Sept 2026
- Listing
- 17 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 3,44,48,818 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,219
- Fresh issue
- ₹675 cr
- Offer for sale
- ₹200 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,986
- Issue type
- Bookbuilding IPO
- Shares before issue
- 29,22,95,240
- Shares after issue
- 31,88,70,043
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 59 | ₹14,986 |
| sHNI | 14 | 826 | ₹2,09,804 |
| bHNI | 67 | 3,953 | ₹10,04,062 |
Share reservation
Subscription & GMP
Subscription by category
Reported 11 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 2,04,357 | 26,03,358 |
| HNIs(10L +) | 4,171 | 45,546 |
| HNIs (2-10L) | 2,085 | 93,582 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 175 | 29,434.03 |
| RETAIL | 306.25 | 4,280.95 |
| HNIs 2+ | 43.75 | 2,005.01 |
| HNIs 10+ | 87.5 | 4,710.5 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 7.83 | 4.9 | 3.64 |
| ROE | 20.77 | 18.13 | 20.45 |
| ROCE | 23.27 | 23.3 | 24.15 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 32.43 | 0 | 0 |
| POST IPO(PE) | 35.72 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Karamtara Engineering Limited | 32.43 | 254.00 | 10.00 | 41.72 | 20.78 | 7.83 |
| Inox Wind Limited | 27.08 | 71.76 | 10.00 | 36.93 | 8.32 | 2.65 |
| Waaree Energies Limited | 20.48 | 2639.00 | 10.00 | 501.90 | 32.48 | 128.84 |
| KP Green Engineering Limited | 9.65 | 262.00 | 5.00 | 91.52 | 32.32 | 27.15 |
| Suzlon Energy Limited | 20.25 | 46.78 | 2.00 | 6.90 | 40.64 | 2.31 |
| Premier Energies Limited | 30.15 | 1014.00 | 1.00 | 95.09 | 42.35 | 33.63 |
| Vikram Solar Limited | 12.70 | 172.70 | 10.00 | 87.43 | 21.34 | 13.60 |
| Saatvik Green Energy Limited | 14.23 | 423.60 | 2.00 | 107.08 | 41.97 | 29.83 |
| Emmvee Photovoltaic Power Limited | 18.87 | 323.95 | 2.00 | 53.37 | 51.12 | 17.17 |
Company information
Company profile
Founded in 1996, Karamtara Engineering Limited is a manufacturing company focused on products used in renewable energy and power transmission sectors. It offers a wide range of solutions including solar mounting structures (fixed-tilt and tracker systems), fasteners for solar and transmission projects, and hardware fittings for overhead transmission lines. The company is also expanding into the wind energy segment by setting up a facility for manufacturing wind turbine towers, expected to begin operations in FY 2026. It has a strong global presence, exporting to more than 50 countries across multiple regions like North America, Europe, Asia, Africa, and Latin America. A key strength of the company is its backward integration, including large in-house galvanizing facilities that support efficiency and cost control. Karamtara serves OEMs, EPCs, and independent power producers with repeat business from major global solar energy players. Its product range also includes lattice towers for high-voltage transmission lines and a variety of industrial fasteners used in sectors like solar, wind, telecom, and automotive. As of September 30, 2024, the company had 530 permanent employees and over 400 factory workers.
Strengths
- Market Leadership in Solar Structures: The company is one of India’s leading integrated manufacturers of solar mounting structures and tracker components. Its wide product range supports solar, transmission, wind power and industrial applications.
- Experienced Promoters & Management: The company is led by experienced promoters with nearly 30 years of manufacturing experience, supported by a skilled management team. Their industry knowledge has helped drive the company’s growth.
- Strong Global Customer Relationships: The company has built long-term relationships with global OEMs, EPCs and IPPs. Its status as an approved supplier to leading solar companies supports customer retention and future revenue visibility.
Risk factors
- Dependence on Short-Term Customer Orders: The company mainly relies on purchase orders and short-term supply agreements instead of long-term commitments. Any decline in new orders could affect revenue, cash flow and financial performance.
- Capacity Expansion & Geographic Growth Risks: The company is expanding its manufacturing capacity and entering new markets. Delays, higher costs or difficulties in executing these plans could affect business growth and financial performance.
- Regulatory & Environmental Compliance Risks: The company must follow strict environmental, health and safety regulations. Non-compliance or changes in regulations could result in penalties, higher costs or operational disruptions.
Promoters
Tanveer Singh
Rajiv Singh
Inderjeet Singh
Inderjeet Tanveer Singh Trust
Inderjeet Rajiv Singh Trust
Registrar & documents
Lead manager
Jm Financial Limited, ICICI Securities Limited, IIFL Capital Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
705, Morya Landmark II, New Link Road, Andheri (West), Mumbai, Maharashtra, 400053
+91 22 4071 0000
[email protected]Company website ↗Understanding KARAMTARA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.