Karamtara Engineering IPO GMP today is Rs 48. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
KARAMTARA
Karamtara Engineering IPO GMP & Allotment
Karamtara Engineering manufactures power transmission and renewable energy products across 13 facilities (12 in Maharashtra and Gujarat, one in Italy). Its core business—solar module structures, tracker piles, and torque tubes—drives most of its revenue. It also produces lattice, wind, and transmission towers, fasteners, hardware fittings, and structural steel. The company serves domestic Indian markets and exports globally to North America, Europe, Asia, Africa, Australia, and Latin America.
- IPO Price Band
- ₹241.00 - ₹254.00
- Lot Size
- 59 Shares
- Bidding Closes
- 11 Sept 2026
- Listing Date
- 17 Sept 2026
Current GMP Status
₹48
+18.9% vs upper band
Est. Listing Gain
+25.98%
Last Trend
17 Sept 2026
Listing Price
₹320.00
Retail Entry
₹14,986
IPO Details
Complete IPO information
| IPO Open Date | 09 Sept 2026 |
|---|---|
| IPO Close Date | 11 Sept 2026 |
| IPO Price Band | ₹241.00 - ₹254.00 |
| Lot Size | 59 Shares |
| Current GMP | ₹48 |
| Estimated Listing Gain | +25.98% |
| Issue Size | Approx ₹875 Cr |
| Fresh Issue | Approx ₹675 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Overall Subscription | 62.63x |
| Minimum Investment | ₹14,986 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 72.61 | 11588.20 | 159.59x |
| NII | 54.46 | 2643.90 | 48.55x |
| Retail | 127.07 | 1685.41 | 13.26x |
| Overall Subscription | 254.14 | 15917.51 | 62.63x |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Karamtara Engineering is priced at ₹254 per share. With a minimum lot size of 59 shares, a retail investor applying for one lot would need approximately ₹14,986 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Karamtara Engineering stands at ₹48, implying an estimated listing gain of around 18.90% over the issue price if it holds until listing. This is down ₹12 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Karamtara Engineering's IPO was subscribed 62.63x overall, with a category-wise breakdown of Retail 13.26x, QIB 159.59x, NII 48.55x.
Among the strengths highlighted in Karamtara Engineering's IPO documents: Operates 13 diverse manufacturing facilities across India and Italy.; Strong market footprint with exports to over 50 countries globally..
Investors should also weigh the risk factors Karamtara Engineering has disclosed, including: Heavy reliance on manufacturing units concentrated in Maharashtra..
A share of Karamtara Engineering's issue proceeds is earmarked for Repayment Of Borrowings: 600 (88.89%).
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
09 Sept 2026
✓
Bidding Closes
11 Sept 2026
✓
Allotment
15 Sept 2026
✓
Listing
17 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 17 Sept 2026 | ₹48.00 | -₹12.00 | 18.90% |
| 16 Sept 2026 | ₹60.00 | -₹9.00 | 23.62% |
| 11 Sept 2026 | ₹69.00 | -₹6.00 | 27.17% |
| 10 Sept 2026 | ₹75.00 | +₹6.00 | 29.53% |
| 09 Sept 2026 | ₹69.00 | +₹11.00 | 27.17% |
| 08 Sept 2026 | ₹58.00 | +₹3.00 | 22.83% |
| 07 Sept 2026 | ₹55.00 | +₹15.00 | 21.65% |
| 06 Sept 2026 | ₹40.00 | - | 15.75% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 59 | ₹14,986 |
| Retail Maximum | 13 Lot | 767 | ₹1,94,818 |
| S-HNI Minimum | 14 Lot | 826 | ₹2,09,804 |
| S-HNI Maximum | 66 Lot | 3,894 | ₹9,89,076 |
| B-HNI Minimum | 67 Lot | 3,953 | ₹10,04,062 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 600 (88.89%)
- General Corporate Purpose 75 (11.11%)
Issue Notes
Important takeaways before applying
Strengths
- Operates 13 diverse manufacturing facilities across India and Italy.
- Strong market footprint with exports to over 50 countries globally.
- Extensive product portfolio catering to renewable and transmission sectors.
- Established relationships with marquee independent power producers.
- Strategic capacity expansion plans in domestic and international markets.
Risks
- Heavy reliance on manufacturing units concentrated in Maharashtra.
- Significant dependence on the solar energy sector for total revenue.
- Substantial revenue concentration among the top 10 customers.
- Vulnerability to fluctuations in global trade policies and tariffs.
- Ongoing legal disputes regarding company properties and promoters
Analysis
Karamtara Engineering IPO Reservation
The Karamtara Engineering IPO reservation is divided among qualified institutional buyers, non-institutional investors and retail investors. QIB investors are allocated 50% of the shares offered, followed by 15% for NII investors and 35% for retail investors. The anchor investor allocation is currently shown as not specified in the provided details.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The reservation percentages are based on the Karamtara Engineering IPO details provided and may be updated with the final issue allocation.
Analysis
Karamtara Engineering IPO Anchor Investors
The Karamtara Engineering IPO anchor bidding is scheduled ahead of the public subscription period. The anchor investor details include the bidding date, shares offered, anchor issue size and applicable lock-in periods. The share allocation and anchor size are currently shown as not specified in the provided information.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 8, 2026 |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Note: Anchor allocation figures and lock-in dates are based on the information provided and may be updated after the final anchor investor allocation announcement.
Analysis
Karamtara Engineering IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 09 Sept 2026 |
| IPO Close Date | 11 Sept 2026 |
| Basis of Allotment | 15 Sept 2026 |
| Refunds | 16 Sept 2026 |
| Credit to Demat Account | 16 Sept 2026 |
| IPO Listing Date | 17 Sept 2026 |
Note: The timeline for Karamtara Engineering IPO is tentative and subject to change.
Analysis
Karamtara Engineering IPO Promoters and Holding Pattern
The promoters of Karamtara Engineering are Tanveer SIngh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust and Inderjeet Rajiv Singh Trust. The promoter and promoter group holding stands at 92.06% before the IPO and is expected to reduce to 82.01% after the issue, reflecting the increase in public shareholding following the IPO.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 271,801,050 | 92.06% | 263,927,036 | 82.01% |
| Others* | 23,446,946 | 7.94% | 57,895,763 | 17.99% |
| Total | 29,52,47,996 | 100% | 32,18,22,799 | 100% |
Note: The holding pattern is based on the shareholding figures provided for the Karamtara Engineering IPO. “Others*” represents shareholders outside the promoter and promoter group category.
Analysis
Karamtara Engineering Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Repayment and/or pre-payment of certain borrowings | 600 (88.89%) |
| General corporate purposes | 75 (11.11%) |
Note: Objectives are as specified in the DRHP/RHP documents of Karamtara Engineering.
Analysis
Karamtara Engineering About Ipo
Karamtara Engineering is a backward-integrated manufacturer, known for its expertise in providing solutions for the renewable energy and transmission line sectors. Its product portfolio includes solar structures (fixed-tilt and trackers), fasteners for solar energy, and transmission lines for a wide range of industries like solar, wind, transmission, automobile, and telecom.
According to the report, in Fiscal Year 2024 and the six months ended September 30, 2024, they are also one of the largest manufacturers of solar mounting structures and tracker components in terms of installed capacity. The firm has a global as well as international presence, exporting products to over 50 countries in North America, Europe, Asia, Africa, Australia, and Latin America.
Analysis
Karamtara Engineering Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 2,427.12 Cr. | 2289.68 Cr. | 102.65 Cr. | 1,844.56 Cr. |
| 2025 | 3,165.36 Cr. | 2977.08 Cr. | 139.33 Cr. | 2,762.59 Cr. |
| 2026 | 4,316.36 Cr. | 4005.14 Cr. | 228.75 Cr. | 4,142.24 Cr. |
Note: Financial numbers for Karamtara Engineering are in ₹ Crores unless stated otherwise.
Analysis
Karamtara Engineering Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 20.77% |
| ROCE | 23.27% |
| EBITDA Margin | 11.55% |
| PAT Margin | 5.30% |
| Debt to Equity Ratio | 0.72 |
| Earning Per Share (EPS) | 7.83 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 20.78% |
| Net Asset Value (NAV) | 41.72 |
Note: Valuation KPIs for Karamtara Engineering are computed for FY2026.
Analysis
Karamtara Engineering IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Inox Wind Limited | 2.65 | 27.08 | 8.32% | 36.93 | 4397.12 Cr. |
| Waaree Energies Limited | 129.10 | 20.48 | 32.48% | 501.90 | 26536.77 Cr. |
| KP Green Engineering Limited | 27.15 | 9.65 | 32.32% | 91.52 | 1245.57 Cr. |
| Suzlon Energy Limited | 2.31 | 20.25 | 40.64% | 6.90 | 16679.11 Cr. |
| Premier Energies Limited | 33.63 | 30.15 | 42.35% | 95.09 | 7824.37 Cr. |
| Vikram Solar Limited | 13.68 | 12.70 | 21.34% | 87.43 | 4802.25 Cr. |
| Saatvik Green Energy Limited | 29.83 | 14.23 | 41.97% | 107.08 | 4548.44 Cr. |
| Emmvee PhotovoltaicPower Limited | 17.17 | 18.87 | 51.12% | 53.37 | 5049.88 Cr. |
Note: Peer group comparisons for Karamtara Engineering are sourced from DRHP filings.
Analysis
Karamtara Engineering IPO Lead Managers aka Merchant Bankers
- JM Financial Ltd.
- ICICI Securities Ltd.
- IIFL Capital Services Ltd.
Comparison
Compare Karamtara Engineering IPO with similar IPOs
FAQ
Karamtara Engineering IPO FAQs
Karamtara Engineering IPO price band is Rs 241.00 to Rs 254.00. Check the latest issue price, lot size and GMP together before applying.
Karamtara Engineering IPO open date is 09 Sept 2026, close date is 11 Sept 2026, and listing date is 17 Sept 2026.
Karamtara Engineering IPO lot size is 59 shares. The minimum retail investment is Rs 14,986.
Karamtara Engineering is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Karamtara Engineering IPO subscription status currently shows Retail 13.26x, QIB 159.59x, NII 48.55x, Overall 62.63x.
Karamtara Engineering manufactures power transmission and renewable energy products across 13 facilities (12 in Maharashtra and Gujarat, one in Italy). Its core business—solar module structures, tracker piles, and torque tubes—drives most of its revenue. It also produces lattice, wind, and transmission towers, fasteners, hardware fittings, and structural steel. The company serves domestic Indian markets and exports globally to North America, Europe, Asia, Africa, Australia, and Latin America.
Karamtara Engineering IPO issue size is 875 and the expected allotment date is 15 Sept 2026.
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