Karamtara Engineering IPO: Check opening dates, GMP, price band and other details
Karamtara Engineering has set its Rs 875 crore IPO price band at Rs 241-254, with subscription opening September 9. The renewable energy and transmission products maker reported strong FY26 growth, while its diversified manufacturing portfolio supports expansion across global markets.
Karamtara Engineering Ltd is set to launch an IPO with a price band of Rs 241-254 per equity share, aiming to raise Rs 875 crore. The issue will open for subscription on September 9 and close on September 11. Allotment is expected on September 15, with refunds and credit of shares to demat accounts on September 16. The stock is slated to list on both BSE and NSE on September 17.
The lot size is fixed at 59 shares. Retail investors will be allotted 59 shares at the upper end of the price band, resulting in a minimum application size of Rs 14,986. Karamtara Engineering has a GMP of around 15% over the issue price. The company's market cap at the upper price band is estimated at Rs 8,174.3 crore.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
