IPO
Steel products maker Karamtara Engineering’s Rs.875-Cr IPO subscribed over 33x
MoneyControl Karamtara Engineering
The initial public offering of Mumbai-based Karamtara Engineering was subscribed 33.12 times on September 11, 2026. The company received bids for 84.18 crore shares against an offer of 2.54 crore shares for its INR 875-Cr offering. The retail investor portion was subscribed 10.41 times, while the non-institutional category saw a subscription of 37.42 times. The portion reserved for qualified institutional buyers was subscribed 70 times. The firm had previously raised INR 262.50-Cr from anchor investors.Founded in 1996, Karamtara Engineering manufactures engineering steel products, including transmission line towers, solar structures, tracker components, wind energy structures, structural steel profiles, and fasteners for domestic and overseas markets. The company’s issue was priced in the range of INR 241-254 per share, valuing the company at about INR 7,790-Cr to INR 8,174-Cr.
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