Karamtara Engineering IPO

This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.

Lot size and investment

Reservation

QIB

Not more than 50% of the Net Offer

Retail

Not less than 35% of the Net Offer

NII

Not less than 15% of the Net Offer

Current GMP

₹48

▲+18.90%

Estimated listing price

₹302

Issue price ₹254

Highest

₹75

9 Sep

Lowest

₹40

4 Sep

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

35.72

EPS (₹)

7.11

RoE

20.77%

RoCE

23.27%

RoNW

20.78%

EBITDA Margin

11.55%

Debt / Equity

0.84

NAV (₹)

41.72

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Karamtara Engineering Limited was started in 1996. It manufactures products used in renewable energy and in power transmission lines, and positions itself as a one stop shop for these needs. Its main products are solar mounting structures, both fixed tilt structures and tracker components, fasteners such as bolts and nuts for the solar, wind, transmission, automobile and telecom industries, and hardware fittings for overhead transmission lines. It also makes lattice towers for transmission lines with capability up to 1,200 kV, and had supplied more than 0.5 million tonnes of towers globally as on 30 September 2024. It is now entering the wind energy sector by setting up a plant for tubular towers used in wind turbines. The company has put a lot into backward integration. It runs its own galvanizing facilities, which it says are the largest in India's solar energy sector at 258,000 tonnes a year, along with rolling mill furnaces. Doing this in house helps it control cost and delivery time rather than depending on outside job workers. As on 31 March 2026 it exported to more than 50 countries across North America, Europe, Asia, Africa, Australia and Latin America. It served 48 solar customers in FY2024, 73 in FY2025 and 65 in FY2026.

Objects of the issue

1. Funding prepayment, repayment and/ or payment obligations to lenders towards borrowings and Acceptances, in part or full₹600 Cr
2. General corporate purposes

Promoters and shareholding

Tanveer SIngh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust and Inderjeet Rajiv Singh Trust

Promoter holding, pre-issue

94.79%

Promoter holding, post-issue

83.64%