Karamtara Engineering IPO
Karamtara Engineering Limited (KARAMTARA) · mainboard IPO on NSE and BSE · Book Building. Listed on 17 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +9.9% (likely range +2% to +37%), day's high +15.2%, chance of a gain 92%. Actual: +26.0% at the open, +38.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 72,61,410 | 1,15,88,19,885 | 160x | |
| NII (HNI) total | 54,46,058 | 26,43,90,092 | 48.5x | |
| Big NII (above ₹10 lakh) | 36,30,706 | 18,54,52,635 | 51.1x | |
| Small NII (₹2-10 lakh) | 18,15,352 | 7,89,37,457 | 43.5x | |
| Retail | 1,27,07,469 | 16,85,41,288 | 13.3x | |
| Total | 2,54,14,937 | 1,59,17,51,265 | 62.6x |
Bids on NSE and BSE together, as published by NSE, as of 11 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Karamtara Engineering's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Bansal Wire IndustriesJul 2024 | 146x | 51.5x | 13.6x | 59.6x | ₹785 Cr | +39.1% | +45.3% |
| Molbio DiagnosticsAug 2026 | 186x | 49.8x | 13.0x | 70.3x | ₹940 Cr | +21.4% | +31.9% |
| INOX IndiaDec 2023 | 148x | 53.2x | 15.3x | 61.3x | ₹1,459 Cr | +43.9% | +50.0% |
| SBFC FinanceAug 2023 | 193x | 49.1x | 11.0x | 70.2x | ₹1,082 Cr | +43.9% | +67.5% |
| P N Gadgil JewellersSep 2024 | 137x | 56.1x | 16.6x | 59.4x | ₹1,158 Cr | +72.9% | +76.7% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| ICICI Securities | 109 | +21.3% | 69% |
| IIFL Capital Services | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Karamtara Engineering IPO price band and lot size? ₹241–254 per share, with a lot of 59 shares, so the smallest retail bid is ₹14,986.
How many times has it been subscribed? 62.6x overall: QIB 160x, NII 48.5x, retail 13.3x.
How did it list? It opened at ₹320, +26.0% against the issue price of ₹254, and closed its first day +38.6%.
