Karamtara Engineering IPO
Capital Goods - Electrical Equipment • ₹875 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- TThe company derives a significant portion of its revenue from manufacturing facilities lo…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹254
Lot Size
59 shares
Issue Size
₹875 Cr
Open
09 Sept 2026
Close
11 Sept 2026
Subscription
21.3×
IPO Schedule
| Issue Open Date | 09 Sept 2026 |
| Issue Close Date | 11 Sept 2026 |
| Allotment Date | 15 Sept 2026 |
| Listing Date | 16 Sept 2026 |
About Karamtara Engineering
Karamtara Engineering is a backward integrated manufacturer of products for the renewable energy and transmission line sectors. Its product portfolio includes solar module mounting structures, solar tracker piles and piers, solar torque tubes, lattice towers for transmission lines, fasteners, structural steel profiles, and overhead transmission line (OHTL) hardware fittings and accessories. The company has also commenced production of angular and tubular towers for wind turbines. As of March 31, 2026, Karamtara Engineering operated 13 manufacturing facilities, comprising eight facilities in Maharashtra, four in Gujarat, and one in Italy. Its aggregate installed manufacturing capacity stood at 889,200 MTPA, excluding galvanising capacity, along with a capacity of 480,000 pieces at its Italy facility. The company also operates in-house galvanising facilities and rolling mill furnaces. It has a global delivery presence, with exports to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America. Use of proceeds: The IPO is a combination of a fresh issue of shares and offer for sale. The net proceeds from the offer for sale will go to the selling shareholders, whereas those from the fresh issue will go to the company and will be utilised for the following purposes: Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and acceptances, in part or full - Rs 600 crore General corporate purposes
Company Details
Founders / Promoters
Mr Tanveer Singh
Founded
1996
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Karamtara Engineering — IPOFins Verdict
QuantitativeDriven by QIB demand at 34.3x and moderate disclosed risk (5/10), Karamtara Engineering listed at a premium of 26.0% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- Karamtara Engineering claims to be the largest integrated manufacturer in India, in terms of installed capacity, for solar mounting structures and tracker components in FY26, according to the F&S Repo
- The company claims to have backward integration capabilities, including in-house rolling mills and galvanising facilities. Its in-house galvanising capacity stood at 276,800 MTPA as of March 31, 2026,
- The company manufactures solar mounting structures, tracker components, transmission towers, wind turbine towers, fasteners, and OHTL hardware fittings and accessories. Its product portfolio covers ap
- The company supplied products to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America as of March 31, 2026. Its export revenue increased from Rs 1,395.83 crore in
- The company serves original equipment manufacturers (OEMs), engineering, procurement and construction (EPC) companies, and independent power producers (IPPs) across domestic and international markets.
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
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.
Listing Performance
Issue Price
₹254
Listing Price
₹320
Listing Gain/Loss
+25.98%
Listing Date
16 Sept 2026
Price Since Listing
Returns are measured against the ₹254 issue price.
Listing
₹320
+26.0%
1 Week
₹361.95
+42.5%
Current
₹357.8
+40.9%
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FAQ
What is the price band of Karamtara Engineering IPO?
The price band is ₹254 per share with a lot size of 59 shares. Minimum investment: ₹14,986.
What does Karamtara Engineering do?
Karamtara Engineering is a backward integrated manufacturer of products for the renewable energy and transmission line sectors. Its product portfolio includes solar module mounting structures, solar tracker piles and piers, solar torque tubes, lattice towers for transmission lines, fasteners, structural steel profiles, and overhead transmission line (OHTL) hardware fittings and accessories. The company has also commenced production of angular and tubular towers for wind turbines. As of March 31, 2026, Karamtara Engineering operated 13 manufacturing facilities, comprising eight facilities in Maharashtra, four in Gujarat, and one in Italy. Its aggregate installed manufacturing capacity stood at 889,200 MTPA, excluding galvanising capacity, along with a capacity of 480,000 pieces at its Italy facility. The company also operates in-house galvanising facilities and rolling mill furnaces. It has a global delivery presence, with exports to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America. Use of proceeds: The IPO is a combination of a fresh issue of shares and offer for sale. The net proceeds from the offer for sale will go to the selling shareholders, whereas those from the fresh issue will go to the company and will be utilised for the following purposes: Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and acceptances, in part or full - Rs 600 crore General corporate purposes
Should I apply for Karamtara Engineering IPO?
Karamtara Engineering listed at ₹320 (+26.0% premium to the ₹254 issue price) after 21.3x subscription. IPOFins Score 9/10: Driven by QIB demand at 34.3x and moderate disclosed risk (5/10), Karamtara Engineering listed at a premium of 26.0% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Karamtara Engineering?
Karamtara Engineering was founded by Mr Tanveer Singh in 1996.