Karamtara Engineering Limited
Promoters TANVEER SINGH · RAJIV SINGH · INDERJEET SINGH · INDERJEET TANVEER SINGH TRUST · INDERJEET RAJIV SINGH TRUST
Against an issue price of ₹254. Split- and bonus-adjusted official closes — a past move, never a forecast.
Karamtara Engineering Limited raised ₹1,750 crore through a mainboard initial public offer.
The filing places it in Power and names five promoters: TANVEER SINGH, RAJIV SINGH, INDERJEET SINGH, INDERJEET TANVEER SINGH TRUST and INDERJEET RAJIV SINGH TRUST.
The book was open from 9 September 2026 to 11 September 2026.
The issue was priced at ₹254 a share, from a band of ₹241 to ₹254.
As of the exchange's 11-Sep-2026 19:00:00 update the book was subscribed 62.6 times the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 159.59 times, non-institutional investors 48.55 times and retail investors 13.26 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
14.81 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
15 anchor investors were allotted shares before the book opened, worth ₹262 crore.
The shares listed on 17 September 2026.
The last official close on file is ₹352 (17 September 2026), which is 38.6% above the issue price.
It now trades as KARAMTARA, and its filed financials are on its company page.
Shares sold in the issue at ₹254 last closed at ₹352.
See KARAMTARA’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Registered office
- Southern India
- Company website
- https://karamtara.com
- Registrar
- MUFG Intime India Private Limited
- Lead managers
- JM Financial Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
- Bidding opens9 Sept 2026
- Bidding closes11 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing17 Sept 2026
Investors have bid for 62.63 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 62.63x headline above and the two must never be compared or added together.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.02% between ₹241 and ₹254, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 2 of them are domestic mutual funds; we could not classify 13 of the names either way.
| HDFC MUTUAL FUND - HDFC INNOVATION FUNDmutual fund | ₹30 cr |
| MIRAE ASSET ELSS TAX SAVER FUND | ₹30 cr |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUNDmutual fund | ₹30 cr |
| AUTHUM INVESTMENT AND INFRASTRUCTURE LIMITED | ₹20 cr |
| ELM PARK FUND LIMITED | ₹20 cr |
| HDFC LIFE INSURANCE COMPANY LIMITED | ₹20 cr |
| SBI LIFE INSURANCE CO. LTD | ₹20 cr |
| SINGULARITY EQUITY FUND I | ₹20 cr |
| SOCIETE GENERALE - ODI | ₹20 cr |
| MOTILAL OSWAL MANUFACTURING FUND | ₹16 cr |
| DURO INDIA OPPORTUNITIES FUND PTE. LTD. | ₹9 cr |
| SUSQUEHANNA PACIFIC PTY LTD | ₹9 cr |
| TRUSTMF SMALL CAP FUND | ₹9 cr |
| EDELWEISS LIFE INSURANCE COMPANY LIMITED | ₹5.5 cr |
| MOTILAL OSWAL INFRASTRUCTURE FUND | ₹4 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment17 Oct 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment16 Dec 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment17 Mar 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment17 Mar 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2024 | ₹3.64 | ₹3.64 | 1 |
| FY2025 | ₹4.90 | ₹4.90 | 2 |
| FY2026 | ₹7.83 | ₹7.83 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
ICICI Securities Limited 2021 – 2026 | 87 12 measurable | +16.0% | 5 of 10 | 1 of 4 | 1 of 6 |
IIFL Capital Services Limited 2024 – 2026 | 29 12 measurable | +17.3% | 1 of 5 | — | 0 of 2 |
JM Financial Limited 2021 – 2026 | 68 16 measurable | +13.3% | 5 of 9 | 0 of 2 | 0 of 3 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Mufg Intime India Private Limited 2025 – 2026 | 77 16 measurable | +18.5% | 1 of 5 | 1 of 1 | 1 of 4 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive15 Sept 2026NO_TABLE
- Red herring prospectus (RHP)· ZIP · exchange archiveNO_TABLE
- Draft red herring prospectus (DRHP)· ZIP · exchange archive23 Jan 2025
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.