KARAMTARA ENGINEERING LTD IPO: Company Review, Subscription and Allotment Updates
2026-09-08 — Company overview and issue details KARAMTARA ENGINEERING LTD IPO (ABOUT THE COMPANY) KARAMTARA ENGINEERING LTD – COMPANY BACKGROUND Karamtara Engineering Ltd was incorporated in the year 1996 and is into the manufacture of…
2026-09-08 — Company overview and issue details
KARAMTARA ENGINEERING LTD IPO (ABOUT THE COMPANY)
KARAMTARA ENGINEERING LTD – COMPANY BACKGROUND
Karamtara Engineering Ltd was incorporated in the year 1996 and is into the manufacture of products to cater to renewable energy and transmission lines. Its product portfolio includes fixed tilt solar structures, trackers, fasteners, and over overhead transmission wire fittings. It is also getting into the manufacture of tubular towers for the generation of wind energy. It has a global market with its products reaching to about 50 countries across the globe. Its reach includes North American, Europe, APAC, Australia, and Latin America.
The promoters of Karamtara Engineering Ltd are Tanveer Singh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanvir Singh Trust, and Inderjeet Rajiv Singh Trust. The IPO will be a combination of a fresh issue of shares and an offer for sale (OFS) component. The fresh issue funds will be used for repayment / prepayment of loans availed by the company and for general corporate purposes. The OFS shares are being offered by the promoter shareholders of the company. The issue is being lead-managed by JM Financial, ICICI Securities, and IIFL Capital Services; while MUFG Intime India Private Ltd is the IPO registrar.
HIGHLIGHTS OF THE IPO ISSUE OF KARAMTARA ENGINEERING LTD
Here are the key highlights of the public issue of Karamtara Engineering Ltd.
The IPO is open from September 09th, 2026 to September 11th, 2026. It has a face value of ₹10 per share and the IPO price band has been fixed in the range of ₹241 to ₹254 per share.
The IPO of Karamtara Engineering Ltd will be a combination of a fresh issue of shares and an offer for sale of shares by the investor shareholders.
The Fresh Issue portion of the IPO comprises the issue of 2,65,74,803 shares (265.75 lakh shares), which at the upper price band of ₹254 per share, translates into a fresh issue size of ₹675.00 crore.
The offer for sale (OFS) portion of the IPO comprises the sale of 78,74,014 shares (78.74 lakh shares), which at the upper price band of ₹254 per share, translates into an OFS size of ₹200.00 crore.
Therefore, the overall IPO will comprise of the fresh issue portion and offer for sale (OFS) portion comprising of 3,44,48,817 shares (344.49 lakh shares), which at the upper price band of ₹254 per share translates into overall issue size of ₹875.00 crore.
Due to dilutive impact of the fresh issue and the offer for sale (OFS) by promoters, the promoter stake in the company will reduce from 92.06% pre-IPO to 82.01% post-IPO.
The IPO of Karamtara Engineering Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on September 08, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Karamtara Engineering Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wednesday, 9 September, 2026 |
| IPO Close Date | Friday, 11 September, 2026 |
| Basis of Allotment | Tuesday, 15 September, 2026 |
| Initiation of Refunds to non-allottees | Wednesday, 16 September, 2026 |
| Credit of Shares to Demat | Wednesday, 16 September, 2026 |
| Listing Date on NSE and BSE | Thursday, 17 September, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | Nil Shares | Not Applicable |
| Anchor Allocation | 1,03,34,644 shares | 28.91% of total IPO size |
| QIB Shares Offered | 72,61,410 shares | 20.31% of total IPO size |
| NII (HNI) Shares Offered | 54,46,058 shares | 15.23% of total IPO size |
| Retail Shares Offered | 1,27,07,469 shares | 35.55% of total IPO size |
| Total Shares Offered | 3,57,49,581 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of Karamtara Engineering Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 59 | ₹ 14,986 |
| Retail (Max) | 13 | 767 | ₹ 1,94,818 |
| S-HNI (Min) | 14 | 826 | ₹ 2,09,804 |
| S-HNI (Max) | 66 | 3,894 | ₹ 9,89,076 |
| B-HNI (Min) | 67 | 3,953 | ₹ 10,04,062 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 59 shares)
FINANCIAL HIGHLIGHTS OF KARAMTARA ENGINEERING LTD
The table captures the key financials of Karamtara Engineering Ltd for last 3 financial years.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 4,311.98 | 3,158.45 | 2,425.15 |
| Sales Growth (%) | 36.52% | 30.24% | |
| Profit after Tax (₹ in crore) | 228.75 | 139.33 | 102.65 |
| PAT Margins (%) | 5.31% | 4.41% | 4.23% |
| Total Equity (₹ in crore) | 1,219.92 | 983.19 | 553.44 |
| Total Assets (₹ in crore) | 4,142.24 | 2,762.59 | 1,844.56 |
| Return on Equity (%) | 18.75% | 14.17% | 18.55% |
| Return on Assets (%) | 5.52% | 5.04% | 5.57% |
| Asset Turnover Ratio (X) | 1.04 | 1.14 | 1.31 |
| Earnings per share (₹) | 7.83 | 4.90 | 3.64 |
| EBITDA (₹ in Crore) | 498.11 | 346.83 | 262.93 |
| EBITDA Margins (%) | 11.55% | 10.98% | 10.84% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
Between FY24 and FY26, the net margins have been steady and gradually grown to 5.31%, while the EBITDA margins has also improved to 11.55%. At the same, the ROE has been broadly flat at 18.75% in the latest year. The company has shown a consistent track record of profitability but PAT margins in this business tend to be fairly constrained.
VALUATION METRICS OF KARAMTARA ENGINEERING LTD IPO
At the IPO price of ₹254 (upper band), the stock gets discounted at a P/E ratio of 32.4X, based on the latest FY26 EPS of ₹7.83. If one were to other similar companies in the peer group, the P/E ratio for the IPO looks to be slightly on the higher side, especially considering that the RONW is well below competition.
Apart from the financial numbers, there are also some other areas where Karamtara Engineering Ltd has an edge. It is backward integrated giving better control over costs and quality. Also, exports are more than 50% of revenues, giving diversity sales. Investors can look at the IPO for exposure to alternate energy. However, the valuation does raise questions of what could be left on the table in the short to medium term?
2026-09-08 — Anchor allocation
KARAMTARA ENGINEERING LTD IPO (ANCHOR ALLOCATION 28.91%)
BRIEF ON ANCHOR ALLOCATION OF KARAMTARA ENGINEERING LTD
The anchor issue of Karamtara Engineering Ltd saw a strong response on 08th September 2026 with 28.91% of the IPO size absorbed by anchors. Out of 3,57,49,581 shares (357.50 lakh shares) on offer in the IPO; anchors picked up 1,03,34,644 shares (103.35 lakh shares) accounting for 28.91% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹254 per share. This includes the face value of ₹10 per share plus a share premium of ₹244 per share. The anchor bidding opened and closed on 08th September 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Karamtara Engineering Ltd
| Bid Date | September 08, 2026 |
|---|---|
| Shares Offered | 1,03,34,644 shares |
| Anchor Portion Size (₹ in crore) | ₹262.50 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Oct 13, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Dec 12, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN KARAMTARA ENGINEERING LTD
On 08th September 2026, Karamtara Engineering Ltd allotted 1,03,34,644 shares to a total of 15 anchor investors. The allocation was done at the upper IPO price band of ₹254 per share which resulted in overall anchor allocation of ₹262.50 crore. The anchors have already absorbed 28.91% of the total issue size of ₹908.04 crore, after factoring in the employee discount offered in the IPO, if any.
Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹225.99 crores, or, 86.09% of the overall anchor allocation of shares, one trading day ahead of the IPO of Karamtara Engineering Ltd. The individual anchor allocation of top-10 investors is indexed descending on the number of shares allotted.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | HDFC Innovation Fund | 11,81,121 | 11.43% | ₹ 30.00 |
| 02 | Nippon India Small Cap Fund | 11,81,121 | 11.43% | ₹ 30.00 |
| 03 | Mirae Asset ELSS Tax Saver Fund | 11,81,121 | 11.43% | ₹ 30.00 |
| 04 | HDFC Life Insurance Company | 7,87,355 | 7.62% | ₹ 20.00 |
| 05 | SBI Life Insurance Company | 7,87,355 | 7.62% | ₹ 20.00 |
| 06 | Singularity Equity Fund - I | 7,87,355 | 7.62% | ₹ 20.00 |
| 07 | Authum Investment & Infra Ltd | 7,87,355 | 7.62% | ₹ 20.00 |
| 08 | Elm Park Fund Ltd | 7,87,355 | 7.62% | ₹ 20.00 |
| 09 | Societe Generale ODI | 7,87,355 | 7.62% | ₹ 20.00 |
| 10 | Motilal Oswal Manufacturing Fund | 6,29,884 | 6.09% | ₹ 16.00 |
| Grand Total | 88,97,377 | 86.09% | ₹ 225.99 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation, with the mutual fund portion segregated, can be accessed on BSE by clicking on the link below.
Out of the 1,03,34,644 shares allocated to the anchors in the IPO, there was an allocation of 46,85,121 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual funds was spread across 6 MF schemes of 5 asset management companies (AMC). Mutual funds accounted for 45.33% of the overall anchor allocation.
Out of the 1,03,34,644 shares allocated to the anchors in the IPO, there was an allocation of 17,91,299 shares made to 3 life insurance companies regulated by IRDAI, representing 17.33% of the total anchor allocation. The remaining anchor allocation was spread across FPIs, ODIs, SIFs, and alternate investment funds (AIFs).
NEXT STEPS IN KARAMTARA ENGINEERING LTD IPO
Post the closure of the IPO subscription on 11th September 2026, the basis of allotment will be finalized on 15th September 2026 and the refunds will be initiated on 16th September 2026. In addition, the demat credits are expected to also happen on 16th September 2026 and the stock will list on 17th September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 16th September 2026 under ISIN (INE590T01012).
2026-09-12 — Day-3 subscription update
Karamtara Engineering Ltd (Day-3 Final Subscription at 62.63 times)
KARAMTARA ENGINEERING LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.10 pm on 11th September 2026, out of the 254.15 lakh shares on offer in the IPO (excluding anchor portion), Karamtara Engineering Ltd saw bids for 15,917.51 lakh shares. This implies an overall subscription of 62.63X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Karamtara Engineering Ltd was as under:
| Employees (N.A.) | QIBs (159.59X) | HNI / NII (48.55X) | Retail (13.26X) |
|---|
The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO. The company saw steady anchor participation a day ahead of the IPO opening with 28.91% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 1,03,34,644 | 1,03,34,644 | 262.50 |
| Employee Quota | N.A. | 0 | 0 | 0.00 |
| QIB Investors | 159.59 | 72,61,410 | 1,15,88,19,885 | 29,434.03 |
| HNIs / NIIs | 48.55 | 54,46,058 | 26,43,90,092 | 6,715.51 |
| Retail Investors | 13.26 | 1,27,07,469 | 16,85,41,288 | 4,280.95 |
| Total | 62.63 | 2,54,14,937 | 1,59,17,51,265 | 40,430.48 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO of Karamtara Engineering Ltd was open up to September 11, 2026, and has closed for subscription as of the close of trading hours on September 11, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹40,692.98 crore.
NEXT STEPS IN THE KARAMTARA ENGINEERING LTD IPO
Post the closure of the IPO subscription on 11th September 2026, the basis of allotment will be finalized on 15th September 2026 and the refunds will be initiated on 16th September 2026. In addition, the demat credits are expected to also happen on 16th September 2026 and the stock will list on 17th September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 16th September 2026 under ISIN (INE590T01012).
2026-09-12 — Allotment guidance and next steps
Karamtara Engineering Ltd IPO (How to check allotment status)
ABOUT THE KARAMTARA ENGINEERING LTD IPO
The IPO of Karamtara Engineering Ltd opened on September 09th, 2026 and closed on September 11th, 2026. The overall IPO comprised of a fresh issue and an offer for sale (OFS) of 3,57,49,581 shares (357.50 lakh shares) worth ₹908.04 crore at the upper price band of ₹254 per share. The allotment status will be finalized by end of day (EOD) of September 15, 2026. Here is how to check your allotment status for the IPO of Karamtara Engineering Ltd. You can check IPO status on the BSE website or on the NSE website or on the IPO Registrar website (MUFG Intime India Private Ltd).
CHECKING THE ALLOTMENT STATUS OF KARAMTARA ENGINEERING LTD IPO ON BSE WEBSITE
This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select Karamtara Engineering Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip OR
Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Karamtara Engineering Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits.
CHECKING ALLOTMENT STATUS OF KARAMTARA ENGINEERING LTD IPO ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select KARAMTARA from the dropdown box
Enter the Application Number / CAF exactly as in the acknowledgement slip AND
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Karamtara Engineering Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF KARAMTARA ENGINEERING LTD ON MUFG INTIME INDIA PRIVATE LIMITED (REGISTRAR TO THE IPO)
Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
There are 4 options available to you to access the allotment status, and you can use any of these options to query.
You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.
The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.
You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.
You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book.
Finally, click on the SUBMIT button.
In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to ipo.helpdesk@in.mpms.mufg.com or you can call on (0)-81081-14949 for voice call.
NEXT STEPS IN THE KARAMTARA ENGINEERING LTD IPO
Post the closure of the IPO subscription on 11th September 2026, the basis of allotment will be finalized on 15th September 2026 and the refunds will be initiated on 16th September 2026. In addition, the demat credits are expected to also happen on 16th September 2026 and the stock will list on 17th September 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 16th September 2026 under ISIN (INE590T01012).
Interested in applying for this IPO?
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