Karamtara Engineering Limited has received final approval from SEBI to proceed with its IPO.
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
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.
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.
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.
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.
The firm’s offerings span fixed-tilt and tracker systems, lattice towers, tracker piles, torque tubes, overhead transmission line hardware, and fasteners.
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
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