Karamtara Engineering’s grey market premium (GMP) reached ₹75 per share on September 10, indicating an estimated listing gain of 29.53% over the upper band price of ₹254. Unofficial market sentiment has tracked upward throughout the week, climbing steadily from an initial level of ₹55 on September 7. The ₹875 crore book-built mainboard issue opened for bidding on September 9, 2026, and concludes today, September 11, 2026. The offering consists of a fresh issue valued at approximately ₹675 crore alongside an offer for sale (OFS) of roughly 78.74 lakh equity shares. Grey Market Premium (GMP) Track Record DateGrey Market PremiumTrendEstimated Listing GainSeptember 10₹75Positive29.53%September 9₹69Positive27.17%September 8₹65Positive25.59%September 7₹55Positive21.65%September 4NilNeutral0.00% Key Offering Details Price Band: ₹241 to ₹254 per equity share Lot Size: 59 shares Face Value: ₹10 per share Total Issue Size: ₹875 crore Fresh Issue: ₹675 crore Offer for Sale (OFS): ~7,874,014 shares Listing Exchanges: BSE, NSE Important Schedule Issue Close Date: September 11, 2026 Basis of Allotment: September 15, 2026 Refund Initiation: September 16, 2026 Demat Credit: September 16, 2026 Expected Listing Date: September 17, 2026 Business Profile Karamtara Engineering operates as a backward-integrated manufacturer serving renewable energy and transmission infrastructure. The company produces fixed-tilt and tracker-based solar mounting structures, specialized fasteners, and power transmission hardware for global utility, telecom, and industrial applications. As of Fiscal Year 2024, Karamtara stands among India’s leading manufacturers of solar structures by installed capacity, shipping equipment to over 50 export markets across Europe, the Americas, Africa, and the Asia-Pacific region. Post navigation Glasswall Systems IPO Subscribed 10.67x on Day 2; Steady GMP Points to 36% Listing Gain Adani Group Set to Launch Three Major Infrastructure and CSR Projects in West Bengal
