Karamtara Engineering IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.20x | 2.27x | 168.19x |
| NII | 1.81x | 6.16x | 51.17x |
| bNII > ₹10L | 1.93x | 5.64x | 53.83x |
| sNII 2-10L | 1.56x | 7.19x | 45.83x |
| Retail | 1.07x | 3.28x | 13.98x |
| Total | 1.27x | 3.61x | 66.01x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 2,427.12 | 3,165.36 | 4,316.36 |
| Expense | 2,289.68 | 2,977.08 | 4,005.14 |
| Profit (PAT) | 102.65 | 139.33 | 228.75 |
| Total Assets | 1,844.56 | 2,762.59 | 4,142.24 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Karamtara Engineering This IPO | 7.83 | - | 20.78 | 41.72 | - |
| Inox Wind Limited | 2.65 | 27.08 | 8.32 | 36.93 | 4,397.12 Cr |
| Waaree Energies Limited | 129.10 | 20.48 | 32.48 | 501.90 | 26,536.77 Cr |
| KP Green Engineering Limited | 27.15 | 9.65 | 32.32 | 91.52 | 1,245.57 Cr |
| Suzlon Energy Limited | 2.31 | 20.25 | 40.64 | 6.90 | 16,679.11 Cr |
| Premier Energies Limited | 33.63 | 30.15 | 42.35 | 95.09 | 7,824.37 Cr |
| Vikram Solar Limited | 13.68 | 12.70 | 21.34 | 87.43 | 4,802.25 Cr |
| Saatvik Green Energy Limited | 29.83 | 14.23 | 41.97 | 107.08 | 4,548.44 Cr |
| Emmvee PhotovoltaicPower Limited | 17.17 | 18.87 | 51.12 | 53.37 | 5,049.88 Cr |
Strengths & Risks
- Heavily oversubscribed — 66.0x overall (so far).
- Strong institutional (QIB) demand — 168.2x.
- Revenue grew 36% in the latest reported year.
- Strong return on equity — 21%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
Our data checks haven't flagged a specific concern for Karamtara Engineering — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Karamtara Engineering
Karamtara Engineering is a backward-integrated manufacturer, known for its expertise in providing solutions for the renewable energy and transmission line sectors. Its product portfolio includes solar structures (fixed-tilt and trackers), fasteners for solar energy, and transmission lines for a wide range of industries like solar, wind, transmission, automobile, and telecom. According to the report, in Fiscal Year 2024 and the six months ended September 30, 2024, they are also one of the largest manufacturers of solar mounting structures and tracker components in terms of installed capacity. The firm has a global as well as international presence, exporting products to over 50 countries in North America, Europe, Asia, Africa, Australia, and Latin America.
Company Contact Information
705, Morya Landmark II, New Link Road, Andheri (West), Mumbai Maharashtra
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and Acceptances, in part or full | 600.00 |
| General corporate purposes | - |
Resources & Documents
Anchor Investors
Karamtara Engineering IPO - Quick Take
Karamtara Engineering has set a price band of Rs 241–Rs 254 per share for an issue size of Rs 875 crore. The stock listed with a 25.98% gain versus its issue price on September 17, 2026.
The issue is promoted by Tanveer SIngh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust, Inderjeet Rajiv Singh Trust with JM Financial Ltd. acting as lead manager. Net proceeds will primarily be used towards funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and Acceptances, in part or full (Rs 600 crore) and general corporate purposes.
On fundamentals, the company is posting revenue growth of 36.4%, a profit margin of 5.3%, return on equity of 20.8% in its most recent reported period. Listed peers in this segment include Inox Wind Limited (P/E 27.08x) and Waaree Energies Limited (P/E 20.48x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Karamtara Engineering IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 18.9%. Of the 24 Mainboard IPOs we have tracked with a final GMP between 10% and 25%, 22 listed above, 1 flat and 1 below the issue price; Karamtara Engineering listed 26% above its issue price.
See the full Karamtara Engineering GMP history and trend, or learn how grey market premium works and how reliable it is.
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