Karamtara Engineering Limited
Open now9–11 Sep 2026
Updated 2026-09-09 (IST)
What Karamtara Engineering Limited does
We are a backward integrated manufacturer of products for renewable energy and transmission lines sectors. We are the largest integrated manufacturer in terms of installed capacity in India for solar mounting structures and tracker components in Fiscal 2026 according to the F&S Report.
Karamtara Engineering Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 2,425 | 3,158 | 4,312 | |
| Operating Profit | 263 | 347 | 498 | |
| OPM % | 10.8% | 11.0% | 11.6% | |
| Net Profit | 103 | 139 | 229 | |
| Total Debt | 509 | 556 | 1,030 |
Karamtara Engineering Limited IPO offer structure
Total: ₹875 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funding prepayment, repayment and/ or payment obligations to our lenders towards borrowings and Acceptances, in part or full: ₹600 cr
- General corporate purposes
Karamtara Engineering Limited promoters and holding
- Tanveer Singh: Chairman and Managing Director
- Rajiv Singh: Joint Managing Director
- Inderjeet Singh: Promoter
- Inderjeet Tanveer Singh Trust: Promoter Trust
- Inderjeet Rajiv Singh Trust: Promoter Trust
Karamtara Engineering Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Largest integrated manufacturer in India for solar mounting structures and tracker components (p.248)
- Diverse product offerings acting as a one-stop shop for solar structures (fixed-tilt and trackers) (p.248)
- Extensive global footprint with a track record of exports to over 50 countries (p.249)
- Established relationships with global customers and high customer retention (p.250)
- Strategic network of manufacturing facilities with advanced capabilities (p.251)
- We are significantly dependent on our manufacturing facilities, and any disruption could adversely affect our business. (p.24)
- We derive a substantial portion of our revenue from the sale of products in the solar industry. (p.26)
- We depend on certain key customers for a significant portion of our revenues. (p.26)
- We derive a significant portion of our revenue from operations from exports, exposing us to foreign jurisdiction risks. (p.28)
- Our Company, Directors, and KMPs may be subject to warnings, show-cause notices, or penalties from regulatory inspections. (p.29)
Karamtara Engineering Limited peer comparison: DRHP median P/E 19.6x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Inox Wind Limited | Rs 75.6 +0.2% | 31.3x | 21.3% | 23.8% | live |
| Waaree Energies Limited | Rs 2,575 -0.8% | 18.5x | 19.8% | 79.4% | live |
| KP Green Engineering Limited | Rs 279.75 +0.1% | 9.7x | — | — | live |
| Suzlon Energy Limited | Rs 45.44 -0.2% | 19.9x | 17.5% | 104.8% | live |
| Premier Energies Limited | Rs 987.25 -0.2% | 26.8x | 31.7% | 8.6% | live |
| Vikram Solar Limited | Rs 169.25 +2.0% | 17.2x | 8.9% | — | live |
| Saatvik Green Energy Limited | Rs 414.45 -1.3% | 21.3x | 5.0% | — | live |
| Emmvee Photovoltaic Power Limited | Rs 331.2 +1.8% | 18.0x | 25.6% | — | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Karamtara Engineering Limited market and competition
We are the largest integrated manufacturer in terms of installed capacity in India for solar mounting structures and tracker components in Fiscal 2026 according to the F&S Report.
Karamtara Engineering Limited outlook, as the document states it
We intend to undertake capacity expansion to enhance our existing production capabilities, including setting up a new structural steel profile manufacturing facility in Taluka Bhachau, Kutch, Gujarat by Fiscal 2027. We also intend to set up a new manufacturing facility in Tarapur, Palghar, Maharashtra to produce solar stamping parts in Fiscal 2027.
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Karamtara Engineering Limited IPO: common questions
When does the Karamtara Engineering Limited IPO open and close?
The Karamtara Engineering Limited IPO is open from 9 Sep 2026 to 11 Sep 2026.
What is the Karamtara Engineering Limited IPO price band?
The price band is ₹241–₹254 per share.
What is the lot size and minimum investment for the Karamtara Engineering Limited IPO?
One lot is 59 shares, and a retail application must be at least one lot. That is about ₹14,986 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
What is the grey-market premium (GMP) for the Karamtara Engineering Limited IPO?
As of 9 Sep 2026 the indicative GMP is +23.6%. GMP is unregulated and self-reported. Never decide on it alone.
When are the Karamtara Engineering Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 15 Sep 2026, refund/unblock around 16 Sep 2026 and listing around 17 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Karamtara Engineering Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 505 mainboard IPOs that have listed on the NSE since 2003, 359 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.