Karamtara Engineering IPO
UpcomingMainboardOpens 9 September 2026Closes 11 September 2026
Incorporated in 1996, Karamtara Engineering Limited is a premier integrated manufacturer specializing in products for the renewable energy and power transmission sectors. The company functions as a one-stop-shop for…
Incorporated in 1996, Karamtara Engineering Limited is a premier integrated manufacturer specializing in products for the renewable energy and power transmission sectors. The company functions as a one-stop-shop for solar module mounting structures (fixed-tilt and tracker components), overhead transmission line (OHTL) hardware fittings, industrial fasteners, and lattice transmission towers with handling capabilities of up to 1,200 kV. With 13 manufacturing facilities spanning Maharashtra, Gujarat, and an overseas unit in Italy, Karamtara operates India's largest in-house hot-dip galvanizing capacity (258,000 MTPA) in the solar sector and serves a diversified global footprint across 50+ countries in North America, Europe, Africa, and Australia.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
9 Sept
IPO Closes
11 Sept
Allotment
15 Sept
Listing
17 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 9 September 2026 |
| IPO Close Date | 11 September 2026 |
| Allotment Date | 15 September 2026 |
| Listing Date | 17 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,986 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,818 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,804 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,89,076 |
BHNIAbove ₹10,00,000 | 67 | ₹10,04,062 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Funding prepayment, repayment and/or payment obligations to lenders towards borrowings and Acceptances, in part or full (₹600.00 Cr).
- General corporate purposes.
Strengths
- Largest integrated manufacturer in India for solar mounting structures and tracker components, backed by in-house hot-dip galvanizing capacity of 258,000 MTPA.
- Diversified multi-product portfolio acting as a one-stop-shop for solar structures, lattice transmission towers, wind tubular towers, and precision fasteners.
- Broad global footprint with recurring export operations across more than 50 countries, generating 40.52% of total operational revenues in FY26.
- Substantial revenue and margin acceleration, with revenues expanding 36.52% YoY to ₹4,311.98 Cr and PAT rising 64.18% YoY to ₹228.75 Cr in FY26.
Weaknesses
- High sector dependency, with solar energy components contributing 78.99% of total revenue from operations in FY26.
- Geographical concentration of manufacturing base, with facilities in Maharashtra accounting for 90.84% of FY26 revenue from operations.
- Significant customer and supplier concentration; top 10 clients contributed 48.63% of revenue, while top 10 vendors represented 89.65% of raw material purchases in FY26.
- Working capital intensity and leverage exposure with total debt of ₹1,030.13 Cr and debt-to-equity ratio of 0.84 as of March 31, 2026.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 4,142.24 | 2,762.59 | 1,844.56 |
| Revenue (₹ Cr.) | 4,316.36 | 3,165.36 | 2,427.12 |
| PAT (₹ Cr.) | 228.75 | 139.33 | 102.65 |
| Net Worth (₹ Cr.) | 1,219.4 | 982.67 | 552.92 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Karamtara Engineering | 6.09 | 35.72 | 20.78% | 1,219.4 |
| Emmvee Photovoltaic | 6.11 | 17.73 | 29.27% | 53.37 |
| Saatvik Green Energy | 3.93 | 21.77 | 26.25% | 107.08 |
| Suzlon Energy Limited | 6.64 | 19.91 | 33.43% | 6.93 |
| Waaree Energies Limited | 5.14 | 18.54 | 25.71% | 501.9 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Karamtara Engineering Limited
- 705, Morya Landmark II, New Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, India
- +91 22 4071 0000
- investors@karamtara.com
- https://www.karamtara.com
Registrar Details
- MUFG Intime India Private Limited
- +91 810 811 4949
- karamtara.ipo@in.mpms.mufg.com
- https://www.in.mpms.mufg.com/
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Sources
We match Karamtara Engineering IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.