Updated · GMP, subscription and listing data refresh through the day.
Market capitalisation is the post-issue share count in the offer document’s capital structure (32,18,22,799 shares) multiplied by the upper end of the price band, ₹254. It is arithmetic on those two filed figures, not a valuation.
| ₹ crore | 2023 | 2024 |
|---|---|---|
| Revenue | ₹1,600.31 | ₹2,425.15 |
| Expenses | — | — |
| Net profit (PAT) | ₹42.36 | ₹102.65 |
| PAT margin | 2.6% | 4.2% |
| Total assets | ₹1,536.9 | ₹1,844.56 |
The founding owners and their group entities.
The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
| # | Anchor investor | Shares | % of book | ₹ Cr |
|---|---|---|---|---|
| 1 | HDFC MUTUAL FUND - HDFC | 11,81,121 | 11.43% | 30.00 |
| 2 | NIPPON LIFE INDIA TRUSTEE LTD-A/C | 11,81,121 | 11.43% | 30.00 |
| 3 | MIRAE ASSET ELSS TAX SAVER FUND | 11,81,121 | 11.43% | 30.00 |
| 4 | HDFC LIFE INSURANCE COMPANY | 7,87,355 | 7.62% | 20.00 |
| 5 | SBI LIFE INSURANCE CO. LTD | 7,87,355 | 7.62% | 20.00 |
| 6 | SINGULARITY EQUITY FUND I | 7,87,355 | 7.62% | 20.00 |
| 7 | AUTHUM INVESTMENT AND | 7,87,355 | 7.62% | 20.00 |
| 8 | ELM PARK FUND LIMITED | 7,87,355 | 7.62% | 20.00 |
| 9 | SOCIETE GENERALE - ODI | 7,87,355 | 7.62% | 20.00 |
| 10 | MOTILAL OSWAL MANUFACTURING | 6,29,884 | 6.09% | 16.00 |
| 11 | TRUSTMF SMALL CAP FUND | 3,54,403 | 3.43% | 9.00 |
| 12 | DURO INDIA OPPORTUNITIES FUND | 3,54,402 | 3.43% | 9.00 |
| 13 | SUSQUEHANNA PACIFIC PTY LTD | 3,54,402 | 3.43% | 9.00 |
| 14 | EDELWEISS LIFE INSURANCE | 2,16,589 | 2.1% | 5.50 |
| 15 | MOTILAL OSWAL INFRASTRUCTURE | 1,57,471 | 1.52% | 4.00 |
Ranked by size of allocation; every anchor in an issue pays the same price, so the ranking is the same whether read in shares, rupees or share of the book. Anchor investors are allotted shares one day before the issue opens, at a price fixed on that day, and are locked in afterwards (30 days for half the allocation, 90 days for the rest). Read straight from the company’s own Anchor Allocation intimation letter filed with the exchanges — names appear exactly as printed there. Percentages are the filer’s own and total the anchor portion, not the whole issue. View the filed letter
| Application | Shares | Amount at ₹254 |
|---|---|---|
| Retail (min)1 lot | 59 | ₹14,986 |
| Retail (max)13 lots | 767 | ₹1,94,818 |
| sHNI (min)14 lots | 826 | ₹2,09,804 |
| bHNI (min)67 lots | 3,953 | ₹10,04,062 |
One lot is 59 shares, so a single application at the ₹254 cut-off costs ₹14,986. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
Karamtara Engineering Limited is a backward integrated manufacturer of products for renewable energy and transmission lines sectors. The company offers structures and fasteners for solar and transmission sectors, and overhead transmission line hardware fittings and accessories. It also produces solar module mounting structures, tracker components, and lattice towers for transmission lines. The company was incorporated in 1996 and is headquartered in Mumbai, Maharashtra, India. Its customers include OEMs, EPC companies, and IPPs.
The draft red herring prospectus is filed with SEBI before the issue; the red herring prospectus adds the price band and dates just before bidding opens. Both describe the business, the restated financials, the risk factors and how the proceeds will be used.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Karamtara Engineering Limited, the registrar is MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) — allotment is finalised in the days between the issue closing on 11 Sept 2026 and listing on 17 Sept 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.
The offer document for the Karamtara Engineering Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.
The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.
The company is the largest integrated manufacturer in India for solar mounting structures and tracker components in terms of installed capacity. The company offers a diverse product portfolio, enabling it to serve as a one-stop shop for solar structures. The company has a wide geographical footprint with exports to over 50 countries. The page lists all 7 as disclosed.
Disruptions to manufacturing facilities could materially affect the company's business, financial condition, cash flows, and results of operations. A substantial portion of revenue is derived from the solar industry, making the company vulnerable to adverse trends in this sector. Dependence on a few key customers for a significant portion of revenue could adversely affect the business. The page lists all 8 disclosed risk factors.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹48 on a ₹254 upper band means the grey market is dealing at ₹302.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.