Karamtara Engineering IPO
Capital Goods - Electrical Equipment • ₹875cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Heavy reliance on manufacturing units concentrated in Maharashtra.
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹241-254
Lot Size
59 shares
Issue Size
₹875cr
Open
09 Sept 2026
Close
11 Sept 2026
Subscription
7.51×
GMP +₹65 → est. ₹319
IPO Schedule
| Issue Open Date | 09 Sept 2026 |
| Issue Close Date | 11 Sept 2026 |
| Allotment Date | 15 Sept 2026 |
| Listing Date | 17 Sept 2026 |
About Karamtara Engineering
Karamtara Engineering manufactures power transmission and renewable energy products across 13 facilities (12 in Maharashtra and Gujarat, one in Italy). Its core business—solar module structures, tracker piles, and torque tubes—drives most of its revenue. It also produces lattice, wind, and transmission towers, fasteners, hardware fittings, and structural steel. The company serves domestic Indian markets and exports globally to North America, Europe, Asia, Africa, Australia, and Latin America. 
Company Details
Founders / Promoters
Mr Tanveer Singh
Founded
1996
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
7.51×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹254
GMP
+₹65
Est. Listing
₹319
Est. Gain
+25.6%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
Karamtara Engineering — IPOFins Verdict
QuantitativeDriven by QIB demand at 2.5x and elevated disclosed risk (7/10). The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- Operates 13 diverse manufacturing facilities across India and Italy.
- Strong market footprint with exports to over 50 countries globally.
- Extensive product portfolio catering to renewable and transmission sectors.
- Established relationships with marquee independent power producers.
- Strategic capacity expansion plans in domestic and international markets.
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score 0
Strong retail interest → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of Karamtara Engineering IPO?
The price band is ₹241-254 per share with a lot size of 59 shares. Minimum investment: ₹14,986.
What does Karamtara Engineering do?
Karamtara Engineering manufactures power transmission and renewable energy products across 13 facilities (12 in Maharashtra and Gujarat, one in Italy). Its core business—solar module structures, tracker piles, and torque tubes—drives most of its revenue. It also produces lattice, wind, and transmission towers, fasteners, hardware fittings, and structural steel. The company serves domestic Indian markets and exports globally to North America, Europe, Asia, Africa, Australia, and Latin America. 
Should I apply for Karamtara Engineering IPO?
Karamtara Engineering is drawing moderate interest at 7.5x overall subscription (QIB 2.5x, retail 6.8x). IPOFins Score 5/10: Driven by QIB demand at 2.5x and elevated disclosed risk (7/10). The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Karamtara Engineering?
Karamtara Engineering was founded by Mr Tanveer Singh in 1996.