Karamtara Engineering IPO allotment status on BSE, NSE and registrar; check latest GMP

As per the latest business developments, The allotment of shares in Karamtara Engineering's Rs 875-crore initial public offering (IPO) is anticipated to be finalised today, September 15, after the offering received firm demand across investor categories.

The IPO was subscribed 62.63 times on the final day of bidding on September 11, according to the latest available subscription data. Qualified institutional buyers (QIBs) led the demand with 159.59 times subscription, while the non-institutional investor (NII) portion was subscribed 48.55 times and the retail quota 13.26 times.

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The IPO opened on September 9 and closed on September 11. The price range was set at Rs 241-254 per share, with a minimum lot size of 59 shares. At the upper price range, retail market participants needed to invest Rs 14,986 for one lot. The shares are scheduled to list on the BSE and NSE on September 17.

Karamtara Engineering shares are commanding a premium in the grey market ahead of the allotment. According to InvestorGain, the latest GMP for the offering is Rs 71 per share on September 15. At the upper end of the IPO price range of Rs 254, this implies an indicative stock-exchange debut price of around Rs 325, translating into a potential stock-exchange debut gain of 27.85 percent.

Market participants should note that GMP is not an official market indicator and does not guarantee the stock-exchange debut price or returns.

How to check Karamtara Engineering IPO allotment status

Market participants can check their allotment status through MUFG Intime India, the registrar to the offering, as well as the BSE and NSE websites. The basis of allotment is scheduled for September 15, while refunds and demat credit are anticipated on September 16.

Karamtara Engineering IPO allotment status via MUFG Intime India

Step 1. Visit the MUFG Intime IPO allotment status at https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Step 2. Select Karamtara Engineering Ltd from the firm list.

Step 3. Choose the relevant search option.

Step 4. Enter your PAN, IPO application number, account number/IFSC or DP/Client ID.

Step 5. Submit the details to view the allotment status.

Karamtara Engineering IPO allotment status via BSE

1. Visit the BSE IPO application status at https://www.bseindia.com/market participants/appli_check

2. Select Equity as the offering type.

3. Choose Karamtara Engineering Limited from the offering dropdown.

4. Enter your application number or PAN.

5. Complete the captcha and click on Search.

6. Your allotment status will be displayed on the screen.

Karamtara Engineering IPO allotment status via NSE

Step 1. Visit the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Step 2. Select Equity & SME IPO bid details.

Step 3. Choose KARAMTARA from the symbol list.

Step 4. Enter your PAN or application number.

Step 5. Click Submit to check the available bid and allotment information.

The Rs 875-crore IPO comprises a fresh offering of 2.66 crore shares worth Rs 675 crore and an offer for sale of 78.74 lakh shares worth Rs 200 crore.

The firm plans to use the fresh offering proceeds primarily to meet its debt obligations. According to IPO Watch, around Rs 600 crore is earmarked for prepayment, repayment or settlement of borrowings and related obligations, with the balance intended for general corporate purposes.

Before the IPO opened, Karamtara Engineering boosted around Rs 262.50 crore through its anchor book. The firm allotted around 1.03 crore shares to 15 anchor market participants at Rs 254 apiece.

HDFC Mutual Fund was among the prominent institutional participants in the anchor allocation.

Karamtara Engineering noted topline of Rs 4,316.36 crore in FY26, compared with Rs 3,165.36 crore in FY25. Earnings increased to Rs 228.75 crore from Rs 139.33 crore during the same period.

The firm manufactures products and components used in the renewable energy and electrical infrastructure sectors, with its business including solar tracker components and transmission and distribution equipment.

The IPO opened on September 9 and closed on September 11. The basis of allotment is scheduled for September 15, followed by refunds and demat credit on September 16. The stock is anticipated to debut on both the BSE and NSE on September 17.

MUFG Intime India is the registrar to the offering. The book-running lead managers include Axis Capital, IIFL Capital Services and JM Financial.