Shares of Karamtara Engineering listed at 26% premium over IPO price on Thursday. The stock opened at Rs 320 on BSE and NSE against its issue price of Rs 254.
The IPO, which opened for subscription on September 9, 2026, and closed on September 11, 2026, received an overwhelming response, with the issue subscribed 66.01 times overall. The retail portion was subscribed 13.98 times, while the QIB (Ex Anchor) category saw 168.19 times subscription and the NII category was subscribed 51.17 times.
The Rs 875 crore book-built IPO comprised a fresh issue of 2.66 crore shares worth Rs 675 crore and an offer for sale (OFS) of 78.74 lakh shares worth Rs 200 crore.
Karamtara Engineering had set the IPO price band at Rs 241–Rs 254 per share, with a lot size of 59 shares. At the upper end of the price band, retail investors needed a minimum investment of Rs 14,986 for one lot.
JM Financial Ltd. served as the book-running lead manager, while MUFG Intime India Pvt. Ltd. acted as the registrar to the issue. Ahead of the public offering, the company raised Rs 262.50 crore from anchor investors, with the anchor bidding process taking place on September 8, 2026.
With robust subscription numbers and a firm grey market premium, all eyes are now on Karamtara Engineering’s debut to see how the stock performs when trading begins on the exchanges.
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IPO Objects of the Issue
The company plans to use the net proceeds from the IPO primarily to prepay, repay, or meet payment obligations towards lenders against its borrowings and acceptances, either partly or fully. The company has earmarked Rs 600 crore for this purpose.
The remaining proceeds will be utilised for general corporate purposes, subject to applicable regulations. The total estimated amount proposed to be raised through the issue is Rs 600 crore.
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About Karamtara Engineering Ltd.
Karamtara Engineering Limited is engaged in the business of manufacturing Products for renewable energy and transmission lines.
The company offers a diverse product portfolio, serving as a one-stop shop for solar structures (fixed-tilt 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.
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As of March 31, 2026, the company has 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.
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