Karamtara Engineering IPO Day 3: GMP at 27%; check subscription status and key details

Karamtara Engineering IPO has entered its third and final day of bidding on Friday, with investor interest remaining strong. The latest grey market premium (GMP) is around 27%, signalling positive market sentiment and expectations of a potential listing gain.

On the second day of bidding, the IPO was subscribed 3.61 times, against the 2.54 crore shares offered. The retail investor portion also witnessed healthy demand, with the category subscribed 3.28 times against 1.27 crore shares reserved for retail investors.

The Karamtara Engineering IPO is a book-built issue worth Rs 875 crore. The offering includes a fresh issue of 2.66 crore shares aggregating to Rs 675 crore and an offer for sale (OFS) of 78.74 lakh shares worth Rs 200 crore. The IPO opened for subscription on September 9 and will close on September 11, 2026. The allotment is expected to be finalised on September 15, while the shares are scheduled to list on the NSE and BSE on September 17.


The company has fixed the IPO price band at Rs 241 to Rs 254 per share, with a lot size of 59 shares. At the upper end of the price band, retail investors will have to invest a minimum of Rs 14,986 to bid for one lot.

JM Financial Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is acting as the registrar. Ahead of the IPO, Karamtara Engineering raised Rs 262.50 crore from anchor investors.

Karamtara Engineering IPO raised Rs 262.50 crore from anchor investors ahead of its public issue. The anchor bidding took place on September 8, 2026.

Karamtara Engineering IPO Subscription Status

The Karamtara Engineering IPO continued to attract strong investor interest on Day 2 of bidding, with the issue receiving an overall subscription of 3.61 times against the 2.54 crore shares available for subscription. Among investor categories, Non-Institutional Investors (NIIs) led the demand, with their portion subscribed 6.16 times against 54.46 lakh shares on offer.

The Retail Individual Investors (RIIs) portion was subscribed 3.28 times, compared with 1.27 crore shares reserved for the category. Meanwhile, the Qualified Institutional Buyers (QIBs) portion received bids for 2.27 times the 72.61 lakh shares offered to them.

Karamtara Engineering IPO GMP Today

The grey market is also pointing towards positive sentiment for the Karamtara Engineering IPO. The issue is currently commanding a GMP of Rs 69, indicating a premium of nearly 27% over the upper end of the IPO price band of Rs 254 per share.

Based on the current GMP, the estimated listing price is around Rs 323 per share, suggesting a potential listing gain for investors if the premium holds until listing. However, grey market premium trends are unofficial and can fluctuate significantly before the shares make their debut on the stock exchanges.

IPO Objects of the Issue

The company plans to use the net proceeds from the IPO primarily to prepay, repay, or meet payment obligations towards lenders against its borrowings and acceptances, either partly or fully. The company has earmarked Rs 600 crore for this purpose.

The remaining proceeds will be utilised for general corporate purposes, subject to applicable regulations. The total estimated amount proposed to be raised through the issue is Rs 600 crore.

About Karamtara Engineering Ltd.

Incorporated in 1996, Karamtara Engineering Limited is engaged in the business of manufacturing Products for renewable energy and transmission lines.

The company offers a diverse product portfolio, serving as a one-stop shop for solar structures (fixed-tilt and trackers), fasteners for solar energy and transmission sectors, and overhead transmission line hardware fittings.

The company is entering the wind energy sector by setting up a manufacturing facility for tubular towers for wind turbines, with operations expected to begin in the first quarter of Fiscal 2026.

As of March 31, 2026, the company has a global presence, exporting to over 50 countries across North America, Europe, Asia, Africa, Australia, and Latin America, with a broad geographical footprint and delivery model.

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