Karamtara Engineering IPO Opens September 9: Price Band, Issue Size And Key Details

Mumbai | 4 September 2026 

Karamtara Engineering Ltd, a manufacturer of solar mounting structures, tracker components and transmission line hardware, has fixed the price band for its ₹875 crore IPO at ₹241 to ₹254 per share. The anchor book opens on 8 September 2026, with the public issue open for bidding from 9 to 11 September 2026. The company is expected to list on the BSE and NSE on 17 September 2026. 

What Is The Karamtara Engineering IPO Issue Size And Structure? 

The Karamtara Engineering IPO comprises a fresh issue of shares worth ₹675 crore and an offer for sale (OFS) of ₹200 crore by promoters Tanveer Singh and Rajiv Singh, taking the total issue size to ₹875 crore. This is lower than the ₹1,750 crore issue size planned in the company’s draft papers filed in January 2025. The Securities and Exchange Board of India (SEBI) approved the IPO in June 2025. JM Financial, ICICI Securities and IIFL Capital Services are the merchant bankers managing the issue. 

Ahead of the IPO, Karamtara Engineering raised ₹75 crore through a private placement of 24.19 lakh compulsorily convertible preference shares (CCPS) at ₹310 apiece to Amara Partners. This amount was adjusted against the fresh issue size. 

What Is The Lot Size And Minimum Investment For Karamtara Engineering IPO? 

The minimum bid size for the Karamtara Engineering IPO is 59 equity shares, and in multiples of 59 shares thereafter. At the upper price band of ₹254 per share, the minimum investment for retail investors works out to ₹14,986. 

What Are The Key Dates For Karamtara Engineering IPO? 

What Does Karamtara Engineering Do? 

Karamtara Engineering manufacturer of solar mounting structures and tracker components in India. It also makes overhead transmission line hardware, fittings and accessories, and has entered the wind energy segment by manufacturing angular and tubular towers for wind turbines. The company plans to enter the battery energy storage systems (BESS) business through its wholly owned subsidiary, Karamtara Green Energy, incorporated in May 2025, and to set up manufacturing facilities for prefabricated engineered building (PEB) structures. 

What Is Karamtara Engineering’s Financial Performance? 

Karamtara Engineering reported a 64.2% rise in profit to ₹228.8 crore in FY26, while revenue grew 36.5% to ₹4,312 crore. As of July 2026, the company had standalone outstanding borrowings of ₹1,344.4 crore, along with outstanding acceptances under letters of credit of ₹735.1 crore. 

How Will Karamtara Engineering Use The IPO Proceeds? 

Karamtara Engineering plans to use ₹600 crore of the net fresh issue proceeds to repay debt, with the remaining funds earmarked for general corporate purposes. 

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