Karamtara Engineering IPO
Day 1 of 3 of bidding · Sept 09, 2026
Karamtara Engineering IPO is on Day 1 of 3 of its subscription window. The latest grey market premium is Rs 65 (25.6% over issue price), down Rs 3 from previous. Total subscription stands at 0.7x (QIB 1.26x, NII 0.45x, Retail 0.49x). Bidding closes on Sept 11, 2026 (in 2 days).
Last updated:Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Financial Analysis
| 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 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| 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 |
Promoters: Tanveer SIngh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust, Inderjeet Rajiv Singh Trust
Strengths & Risks
- Strong grey-market premium — +26% over the issue price.
- 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.
- Grey-market premium is slipping during the bidding window.
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
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.
| 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
705, Morya Landmark II, New Link Road, Andheri (West), Mumbai Maharashtra
Karamtara Engineering has set a price band of Rs 241–Rs 254 per share for an issue size of Rs 875 crore. The Mainboard issue is currently open for subscription and closes in 2 days on September 11, 2026.
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.
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.
Grey market is quoting a premium of +Rs 65 (+25.6% over issue price), up Rs 25 from the previous session. Live demand data shows overall subscription at 0.70x, retail at 0.49x, QIB at 1.26x, NII at 0.45x.
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 are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Karamtara Engineering IPO GMP — What It Means
The latest grey market premium for Karamtara Engineering IPO is ₹65 (+25.6%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Karamtara Engineering it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Karamtara Engineering GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!