Karamtara Engineering's IPO Receives Strong Investor Interest on Day One The initial public offering (IPO) of Karamtara Engineering Ltd has attracted significant attention from investors on the first day of bidding. The Rs 875 crore book-built issue opened for subscription on September 9, 2026, and will remain open until September 11. Investors submitted bids for 2,60,92,455 shares against the total available for subscription, indicating strong demand for the offering. The IPO comprises a fresh issue of 2.66 crore equity shares valued at Rs 675 crore and an offer for sale (OFS) of 78.74 lakh equity shares worth Rs 200 crore. The price band for the shares has been set at Rs 241-Rs 254 per equity share, with a minimum lot size of 59 shares. At the upper end of the price band, this requires a minimum investment of Rs 14,986. The basis of allotment is expected to be finalized on September 15, 2026, with shares tentatively scheduled to list on the BSE and NSE on September 17, 2026. The total issue size consists of 2,41,14,174 equity shares. Qualified institutional buyers (QIBs) are allocated 68,89,765 shares, while non-institutional investors (NIIs) hold 51,67,323 shares, representing 21.43 per cent of the issue. Retail individual investors (RIIs) have been allocated 1,20,57,086 shares, accounting for 50 per cent of the total issue. The book-running lead managers for the offering are JM Financial Ltd, ICICI Securities Limited, and IIFL Capital Services Limited, with MUFG Intime India Pvt Ltd serving as the registrar. Karamtara Engineering Limited specializes in manufacturing products for the renewable energy and transmission sectors.#jm_financial #icici_securities #iifl_capital #karamtara_engineering #mufg_intime
