Mumbai, Maharashtra, 5th of September, 2026 : Amid the ongoing buzz around initial public offerings (IPOs) in the stock market, Karamtara Engineering Limited is set to launch its initial public offering (IPO). The company’s IPO will open on Wednesday, September 9, and close on Friday, September 11, 2026. Bidding for anchor investors will take place on September 8.
The company has fixed a price band of ₹241 to ₹254 per equity share. The issue comprises shares with a face value of ₹10 each and has a total size of approximately ₹875 crore. The minimum lot size has been fixed at 59 shares, meaning investors will need to invest approximately ₹14,986 for one lot at the upper price band.
The issue comprises a fresh issue of approximately ₹675 crore and an offer for sale (OFS) of up to ₹200 crore. Under the OFS, Tanvir Singh and Rajiv Singh will each sell shares worth up to ₹100 crore.
The equity shares of Karamtara Engineering are proposed to be listed on both the BSE and NSE, with the NSE designated as the designated stock exchange.
The book-running lead managers to the issue are JM Financial, ICICI Securities and IIFL Capital Services.
A notable feature of the IPO is that the company has already completed a ₹75 crore pre-IPO placement of compulsorily convertible preference shares (CCPS) ahead of the public issue.
Following the IPO, Karamtara Engineering’s shares are proposed to be listed on the BSE and NSE.
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