Karamtara Engineering IPO Day 3: Issue ends with nearly 63x subscription; how to check allotment status on NSE, BSE

The initial public offering (IPO) of Karamtara Engineering continued to see strong demand on its third day of subscription and ended with a total booking of 62.63 times so far on Friday, September 11.

Until 5 PM, the initial share sale of the firm had received bids for 159.18 crore shares as compared to 2.54 crore shares on offer, as per exchange data.

The non-institutional investor (NII) category was subscribed 48.55 times, while the retail individual investor (RII) segment saw 13.26 times subscriptions. However, the Qualified Institutional Buyers (QIB) portion was booked 159.59 times.

The ₹875 crore IPO comprises a fresh issue of shares worth ₹675 crore and an offer for sale (OFS) component of up to ₹200 crore by promoters Rajiv Singh and Tanveer Singh.

“Our company expects to receive the benefits of listing of the equity shares on the stock exchanges, including to enhance our brand image among our existing and potential customers and creation of a public market for the equity shares in India,” the company said.

The price band has been fixed at ₹241 to ₹254 per share. A lot consists of 59 shares.

The ₹875 crore IPO has a lot size of 59 shares, while the minimum investment has been set at ₹14,986 per lot at the upper end of the price band.

Karamtara Engineering IPO allotment and listing date

On September 8, the firm collected ₹262.50 crore from anchor investors such as HDFC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, HDFC Life Insurance Company, Nippon India Mutual Fund, and SBI Life Insurance, among others.

Of the total shares allotted to anchor investors, 46.85 lakh shares, or 45.33%, were allocated to six domestic mutual fund schemes, amounting to around ₹119 crore.

Prior to the IPO, the company mobilised ₹546 crore via multiple pre-IPO stake sales and funding rounds.

Karamtara Engineering IPO Objective

The money raised from the IPO will be used towards the following objectives:

Steps to check Karamtara Engineering IPO allotment status on NSE

• Visit the NSE IPO allotment status page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Chose ‘Equity & SME IPO bid details’

• Select ‘Karamtara Engineering’ from the list of IPO names.

• Enter your application number and PAN details.

• Click ‘Submit’ to view the status of your IPO allotment.

Steps to check Karamtara Engineering IPO allotment status BSE

• Visit the BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx

• Select ‘Karamtara Engineering’ as the issue type.

• From the dropdown menu, select ‘Karamtara Engineering’. Identify yourself using either PAN details or the IPO application number.

• Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

About the company

Karamtara Engineering is engaged in the manufacture of products that are used in the renewable energy and transmission line sectors. The company was the largest integrated manufacturer in India of solar mounting structures and tracker components in FY26, as per the F&S report. 

The company entered the wind energy business in 2025 and began production of angular towers for wind turbines in March 2025 and tubular towers for wind turbines in June 2025. It has 13 manufacturing facilities, including eight in Maharashtra, four in Gujarat and one in Italy as of March 31, 2026.