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Karamtara Engineering Limited Prepares for ₹1,750 Crores IPO After SEBI Nod

Roshani Ballal

Karamtara Engineering Limited has received final approval from SEBI to proceed with its IPO.

IPO Structure and Utilisation

Karamtara’s IPO is structured as a book-built offer amounting to ₹1,750 Crores:

  • Fresh issue: ₹1,350 Crores

  • Offer for sale (OFS): ₹400 Crores
     

Fund Allocation

From the fresh issue, ₹1,050 Crores will be used for prepayment or repayment of borrowings, while the remaining proceeds will support general corporate goals.

Prior Investment and Shareholder Strength

The company has got the support from institutional and private investors through pre-IPO rounds. Key stakeholders from previous investment rounds include prominent names such as Jagdish Naresh Master, Utpal Sheth, and institutional investors like Singularity Growth Opportunities Fund and Quantum State Investment Fund. 

IPO Lead Managers and Exchanges

The issue will be listed on both the NSE and the BSE, with JM Financial, ICICI Securities, and IIFL Capital appointed as book-running lead managers. MUFG Intime India is acting as registrar.

Company Snapshot

Karamtara Engineering leads the Indian market in solar mounting structures and tracker components, backed by robust manufacturing capacity. It operates as a vertically integrated producer for both solar and transmission line projects.

Product Range and Capacity

The firm’s offerings span fixed-tilt and tracker systems, lattice towers, tracker piles, torque tubes, overhead transmission line hardware, and fasteners.

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • Mint — https://www.livemint.com/market/ipo/upcoming-ipo-karamtara-engineering-gets-sebi-nod-to-raise-funds-through-ipo-11749534321576.html

  • Business Standard — https://www.business-standard.com/markets/news/karamtara-engineering-gets-sebi-nod-for-1-750-cr-ipo-check-key-details-125061000499_1.html

  • SaurEnergy — https://www.saurenergy.com/solar-energy-news/karamtara-engineering-gets-sebi-nod-for-%E2%82%B91750-crore-ipo

Hi! I’m Roshani Ballal
Financial Content Specialist

Roshani has over 6 years of experience and has honed her skills in performance content marketing in the financial domain. She loves diving into research and has crafted and overviewed creative copies, long-form financial content, engaging blogs, and informative articles. She specialises in delivering user-oriented content and solving problems through various content formats. On the side, Roshani enjoys writing poems-that's how she stays creative when she is not crunching numbers.

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