Karamtara Engineering Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Karamtara Engineering Ltd IPO

We are a backward integrated manufacturer of products for renewable energy and transmission lines sectors. We are the largest integrated manufacturer in terms of installed capacity in India for solar mounting structures and tracker components in Fiscal 2026 according to the F&S Report. Our aggregate installed capacity was 889,200 MTPA (including 492,000 MTPA for solar products equivalent to approximately 16.81 GW) and 480,000 pieces as of March 31, 2026 (excluding our galvanizing capacity). We offer a diverse product portfolio which enables us to serve as a one-stop shop for solar structures (fixed-tilt and trackers). We offer structures and fasteners in the solar energy and transmission sectors, and overhead transmission line (OHTL) hardware fittings and accessories. We were one of the largest exporters of solar products from India to North America in Fiscal 2025. We have also forayed into the wind energy sector by commencing production of angular towers for wind turbines and tubular towers for wind turbines in March 2025 and June 2025, respectively. Further, we intend to enter into the business of battery energy storage systems (BESS) through our wholly owned subsidiary (being Karamtara Green Energy Limited (KGEL)) that was incorporated in May 2025. In addition, we intend to set up manufacturing facilities for prefabricated engineered building (PEB) structures.

Karamtara Engineering Ltd IPO Details

Total Shares Offered

₹ 3,44,48,817

Offer to Public

78,74,014

Retail Max (Shares)

₹ 1,20,57,086

Pre Issue Promoters Holding

₹ 27,18,01,050

Exchange

BSE

Issue size

₹ 875 Cr

IPO Open Date

Sep 9, 2026

Close Date

Sep 11, 2026

Lot Size

Min Investment

₹ 14,219

Issue Type

Book Building

Listing Date

Sep 17, 2026

Karamtara Engineering Ltd IPO Dates

Sep 9, 2026

Opening date

Sep 11, 2026

Closing date

Sep 15, 2026

Basis of Allotment

Sep 16, 2026

Initiation of Refunds

Sep 16, 2026

Credit of Shares

Sep 17, 2026

Listing date

Details

Sector	Type
Sector	Transmisson Line Towers
Sub Sector	Equipment
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	67.28x	17224408	1158819885
NII	51.17x	5167323	264390092
Retail	13.98x	12057086	168541288
Employee	0x	0	0
Total	46.21x	34448817	1591751265

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

67.28x

51.17x

13.98x

46.21x

17224408

5167323

12057086

34448817

1158819885

264390092

168541288

1591751265

Karamtara Engineering Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	3,158.45	2,425.15	1,600.31
EBITDA	255.99	203.22	105.78
PAT	134.92	100.73	40.69
Total Assets	1,811.50	1,162.33	940.42
Share Capital	292.30	5.53	5.53
Total Borrowings	658.09	478.60	350.14
Operating Activities (Net Cash)	172.02	134.74	71.46
Investing Activities (Net Cash)	-188.28	-16.11	-15.22
Financing Activities (Net Cash)	658.09	478.60	350.14
Net Cashflow	36.95	39.27	11.27

About Karamtara Engineering Ltd

The Company was incorporated as `Karamtara Engineering Private Limited' as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated May 8, 1996, issued by the Additional Registrar of Companies, Maharashtra at Mumbai. Our Company was subsequently converted into a public limited company pursuant to the special resolution passed by our Shareholders on December 9, 2024, and the name of our Company was changed to `Karamtara Engineering Limited'. A fresh certificate of incorporation dated December 16, 2024 was accordingly issued by the Registrar of Companies, Central Processing Centre.

The global landscape for energy production is undergoing a significant shift. Renewable energy capacity grew at a CAGR of 10.4% between 2018 and 2023 and is projected to grow at a CAGR of 13.6% from 2023 to 2028. This upward trend suggests a promising future for renewable energy, driven by factors such as increasing demand for clean energy and supportive government policies. Further, India is transitioning from coal-based power to renewable energy, with a projected total power generation capacity of 751 GW by Fiscal 2030 (estimated) and a renewable energy target of 500 GW by 2030, including 280 GW from solar power.

Peer Comparison:

Karamtara Engineering Ltd.
Inox Wind Limited
Waaree Energies Limited
KP Green Engineering Limited
Suzlon Energy Limited
Premier Energies Limited
Vikram Solar Limited
Saatvik Green Energy Limited
Emmvee Photovoltaic Power Limited

Karamtara Engineering Ltd Key Points

Strengths

Largest integrated manufacturer in India for solar mounting structures and tracker components.

Diverse product offerings acting as a one-stop shop for solar structures (fixed-tilt and trackers).

Extensive global footprint with a track record of exports to over 50 countries.

Established relationships with global customers and high customer retention.

Strategic network of manufacturing facilities with advanced capabilities.

Risk

The company is significantly dependent on its manufacturing facilities. Any unscheduled, unplanned or prolonged disruption, slowdown or shutdown of the company's manufacturing facilities could have a material adverse effect on its business, financial condition, cash flows and results of operations. Further, the majority of the company's manufacturing facilities are located in Maharashtra in India. Its revenue attributable to the company's facilities in Maharashtra, India accounted for 90.84%, 98.61% and 99.18% of its total revenue from operations in Fiscals 2026, 2025 and 2024, respectively, which exposes the company operations to potential risks arising from local and regional factors which may restrict its operations and adversely affect the company's business, financial condition, cash flows and results of operations.

The company derives a substantial portion of its revenue from the sale of products in the solar industry (78.99%, 81.40% and 81.75% of the company's total revenue from operations in Fiscals 2026, 2025 and 2024, respectively), and any adverse trend in the solar energy industry could have a material adverse effect on its business, financial condition, cash flows and results of operations.

The company depends on certain key customers for a significant portion of its revenues (the company's top 10 customers contributed to 48.63%, 40.40% and 63.47% of its total revenue from operations in Fiscals 2026, 2025 and 2024, respectively). Any decrease in revenues from any of the company's key customers or any loss of these customers may adversely affect its business, financial condition, cash flows and results of operations.

Strategy

Expansion of our existing installed capacity in India.

Strengthen our market position in renewable energy industries and related infrastructure sectors through new product development and expansion into allied offerings.

Focus to increase customer base in international markets.

Continue to improve operational efficiency and implement cost reduction measures by enhancing the capacity of existing facilities and realignment of capacities.

How To Apply for Karamtara Engineering Ltd IPO Online?

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FAQs on IPO (Initial Public Offering)

What is the issue size of the Karamtara Engineering Ltd IPO?

Karamtara Engineering Ltd's IPO offers shares for up to 675 It begins on Sep 9, 2026 and ends on Sep 11, 2026.

What is the price of the Karamtara Engineering Ltd IPO?

The price of Karamtara Engineering Ltd IPO ranges between ₹241 to ₹254 per share.

What are the open and close dates for the Karamtara Engineering Ltd IPO?

The Karamtara Engineering Ltd IPO opens on Sep 9, 2026 and closes on Sep 11, 2026.

When will the Karamtara Engineering Ltd IPO be allotted?

The allotment for the Karamtara Engineering Ltd IPO will be finalised on Sep 15, 2026. The shares will be listed on BSE and NSE on Sep 17, 2026.

What is the minimum lot size required for Karamtara Engineering Ltd IPO?

The minimum lot size for Karamtara Engineering Ltd IPO is 59 shares, priced between ₹241 to ₹254 per share.

What is the GMP of Karamtara Engineering Ltd IPO?

The GMP (Grey Market Premium) of Karamtara Engineering Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Karamtara Engineering Ltd IPO?

To check the allotment status of Karamtara Engineering Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Karamtara Engineering Ltd IPO getting listed?

The Karamtara Engineering Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 9, 2026, and closes on Sep 11, 2026. The allotment is finalised on Sep 15, 2026.

How do you apply for the Karamtara Engineering Ltd IPO?

To apply for the Karamtara Engineering Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.