Karamtara Engineering Limited IPO Price: ₹241 to ₹254 per share
IPO Dates: 9 to 11 Sept, 2026
Company Overview
Incorporated in 1996, Karamtara Engineering Limited is engaged in the business of manufacturing products for renewable energy and transmission lines.
Business Operations
The company offers a diverse product portfolio, serving as a one-stop shop for solar structures, including fixed-tilt structures and trackers, fasteners for solar energy and transmission sectors, and overhead transmission line hardware fittings.
The company is entering the wind energy sector by setting up a manufacturing facility for tubular towers for wind turbines, with operations expected to begin in the first quarter of Fiscal 2026.
Product Portfolio
The company offers a wide range of products across solar energy, transmission lines, and fasteners.
- Solar Energy: The company offers a wide range of solar mounting products, including fixed-tilt structures and tracker components for all types of solar projects.
- Lattice Towers for Transmission Lines: The company manufactures a wide range of lattice towers for power transmission lines, with capabilities up to 1,200 kV. As of September 30, 2024, it had supplied over 0.5 million MT of towers globally.
- Fasteners for Solar, Wind, and Transmission Segments: The company manufactures bolts, nuts, studs, washers, and custom fasteners for solar, wind, transmission, automobile, and telecom industries, serving global clients and industrial applications.
Manufacturing Facilities & Backward Integration
The company focuses on backward integration with in-house galvanizing facilities and rolling mill furnaces. Its galvanizing capacity stands at 258,000 MTPA, making it the largest in India’s solar energy sector. This integrated manufacturing approach provides competitive advantages in the supply chain, time efficiency, and cost.
Customer Base
For Fiscals 2024, 2025, and 2026, the company served a total of 48, 73, and 65 customers for its solar products, respectively.
Global Presence
As of March 31, 2026, the company had a global presence, exporting to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America, with a broad geographical footprint and delivery model.
Workforce
As of March 31, 2024, the company had 1,015 permanent employees.
Competitive Strengths
- Experienced Promoter Directors supported by a skilled management team
- Largest integrated manufacturer in India for solar mounting structures and tracker components
- Diverse product offerings acting as a one-stop shop for solar structures, including 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
Bidding Starts In
Karamtara Engineering Limited IPO Specifics:
| IPO Date | 9 to 11 Sep, 2026 |
| Listing Date | Thu, Sep 17, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹241 to ₹254 |
| Lot Size | 59 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,44,48,817 shares (agg. up to ₹875 Cr) |
| Fresh Issue | 2,65,74,803 shares (agg. up to ₹675 Cr) |
| Offer for Sale | 78,74,014 shares of ₹10 (agg. up to ₹200 Cr) |
| Share Holding Pre Issue | 29,52,47,996 shares |
| Share Holding Post Issue | 32,18,22,799 shares |
Karamtara Engineering IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Sep 9, 2026 |
| IPO Close | Fri, Sep 11, 2026 |
| Allotment | Tue, Sep 15, 2026 |
| Refund | Wed, Sep 16, 2026 |
| Credit of Shares | Wed, Sep 16, 2026 |
| Listing | Thu, Sep 17, 2026 |
Karamtara Engineering Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 59 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Karamtara Engineering Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
Karamtara Engineering Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 4,142.24 | 2,762.59 | 1,844.56 |
| Total Income | 4,316.36 | 3,165.36 | 2,427.12 |
| Profit After Tax | 228.75 | 139.33 | 102.65 |
| EBITDA | 498.11 | 346.83 | 262.93 |
| NET Worth | 1,219.40 | 982.67 | 552.92 |
| Reserves and Surplus | 926.55 | 690.53 | 547.46 |
| Total Borrowing | 1,030.13 | 556.28 | 508.51 |
Key Performance Indicator-Karamtara Engineering Limited IPO
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 20.77% | 18.13% |
| ROCE | 23.27% | 23.30% |
| Debt/Equity | 0.84 | 0.57 |
| RoNW | 20.78% | 18.15% |
| EBITDA Margin | 11.55% | 10.98% |
| NAV | 41.72 | 33.62 |
| Price to Book Value | 6.09 | 7.56 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.75 | 7.11 |
| P/E (x) | 32.77 | 35.72 |
| Market Cap at Offer Price | ₹7,499Cr. | ₹8,174.30 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Karamtara Engineering Limited IPO RHP
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