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Karamtara Soars: IPO Hits Record High After 62x Subscription
18 Sep
Summary
- Karamtara Engineering stock hit a record high of ₹378.20.
- The IPO was subscribed an astounding 62.63 times.
- Company financials show strong growth in income and profit.
Karamtara Engineering's stock reached a new record of ₹378.20 per share on September 17, 2026, marking a nearly 50% increase from its IPO price. This surge follows an initial public offering that was subscribed 62.63 times, indicating significant investor enthusiasm.
The company's public issue, which opened on September 9, 2026, and closed on September 11, comprised a fresh issue of equity shares and an offer for sale, totaling ₹875 crore. Strong demand was observed across all investor categories, particularly from qualified institutional buyers.
Beyond its stock performance, Karamtara Engineering reported robust financial results for the fiscal year ending March 31, 2026. Total income rose by 36% to ₹4,316.36 crore, and profit after tax increased by 64% to ₹228.75 crore.
Karamtara Engineering specializes in producing lattice towers for power transmission lines and custom fasteners for various industries. The company is also expanding into the wind energy sector with a new manufacturing facility for tubular towers.
