Karamtara Engineering came to market through an IPO that opened on 9 September 2026 and closed on 11 September 2026, and the shares listed on 17 September 2026 on BSE, NSE. The price band was ₹241 to ₹254 per share and one lot was 59 shares, so the minimum application was ₹14,986. The issue size was ₹875 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹320, a gain of 26% against the issue price of ₹254. MUFG Intime India Pvt.Ltd was the registrar to the issue, and JM Financial Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd were the lead managers.
As of 11 September 2026.
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Overall the issue was subscribed 66.01 times.
Since 1996, Karamtara Engineering Limited is engaged in the manufacturing business of Products for renewable energy and transmission lines.
The company provides wide range of products as a single-source provider of solar structures (fixed-tilt and trackers), fasteners for solar energy and transmission industry, and fittings of overhead transmission lines.The company is venturing into the field of wind energy through the establishment of manufacturing unit for tubular towers for wind turbines and operations are expected to commence in the first quarter of Fiscal 2026.
As of September 30, 2024, the company has international presence with exports to more than 50 countries spread all over North America, Europe, Asia, Africa, Australia and Latin America with large geographical coverage and delivery model. The company emphasizes backward integration with its own galvanizing units which is the largest in India in solar energy segment (258,000 MTPA) and rolling mill furnaces. As of September 30, 2024, the company has 530 permanent employees.
The company further has hired 412 factory workers in their payroll.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Karamtara Engineering Limited finalised its anchor investor allocation on September 8, 2026, raising ₹262.50 crore from 15 institutional investors at an anchor price of ₹254 per share. The anchor book comprises 1,03,34,644 equity shares, with domestic mutual funds receiving 45.33% of the allocation through 5 fund houses across 6 schemes, including HDFC Mutual Fund, Nippon India Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, and TRUSTMF.
Life insurance companies received 17.33%, led by HDFC Life Insurance and SBI Life Insurance, each at 7.62%, and Edelweiss Life Insurance at 2.10%; no pension funds applied. The remaining allocation went to Singularity Equity Fund I, Authum Investment and Infrastructure Limited, Elm Park Fund Limited, and Societe Generale – ODI, each at 7.62%, along with Duro India Opportunities Fund and Susquehanna Pacific Pty Ltd, each at 3.43%.
Tanveer Singh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust, Inderjeet Rajiv Singh Trust. Promoter holding 94.79% before the issue and 83.64% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Karamtara Engineering IPO was a ₹875 crore book-built issue, comprising a fresh issue of ₹675 crore and an offer for sale of ₹200 crore. It was priced at ₹241–₹254 per share with a lot size of 59 shares (₹14,986). The IPO was open from September 9 to September 11, 2026 and was subscribed 66.01x. Shares listed on BSE and NSE on September 17, 2026 at ₹320, a 26.0% premium to the issue price of ₹254. MUFG Intime India Pvt. Ltd.
is the registrar. JM Financial Ltd. and 2 other book running lead managers manage the issue.
The price band of Karamtara Engineering IPO is ₹241 to ₹254 per share.
The lot size of Karamtara Engineering IPO is 59 shares.
The minimum investment for Karamtara Engineering IPO is approximately ₹14,986 based on the upper price band.
The allotment date of Karamtara Engineering IPO is Sep 15, 2026.
No GMP quote could be verified as recorded before Karamtara Engineering IPO listed. A grey-market observation of ₹45 per share was recorded on 17 Sep 2026, 7:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹320. GMP is unofficial and does not forecast or guarantee the actual listing price.
Karamtara Engineering IPO listed on Sep 17, 2026. It was issued at ₹320.0(NSE) and is currently around ₹376.00 as on 30-Oct-2026 3:30 PM, which is approximately 48.0% versus issue price. The 52-week high is ₹444.00.
You can check Karamtara Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Karamtara Engineering IPO allotment status on Rupix for quick and easy access.
₹241 to ₹254 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 59 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,986.
₹14,986, for one lot of 59 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 9 September 2026 and closed on 11 September 2026.
The basis of allotment was published on 15 September 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 17 September 2026 on BSE, NSE, opening at ₹320.
The issue size was ₹875 crore. The fresh issue was 2,65,74,803 shares (aggregating up to ₹675 crore). The offer for sale was 78,74,014 shares (aggregating up to ₹200 crore).
It listed at ₹320 against an issue price of ₹254, a gain of 26 percent on listing day.