Karamtara Engineering IPO is a mainboard IPO raising ₹875 Cr at ₹241 – ₹254 a share. The smallest application you can make is 59 shares, costing ₹14,986 at the top of the band. Bidding has closed; the shares list on 17 Sept 2026. So far it has been subscribed 63× in total.
62.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Read from the 529-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 467 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
our Company and (i) Chairman and Managing Director, Tanveer Singh; (ii) our Chief Financial Officer, Prasanta Kumar Nath; and (iii) our Vice President - Accounts & Finance, Suresh Maheshwari, have been named as accused in a chargesheet filed by the CBI, ACB Bhopal before the Civil Court, Ahmedabad
a court receiver was appointed in respect of the Property. While Unit OHTL Fittings is currently operational, we cannot assure you that the dispute regarding the Property will be resolved favorably. Any adverse decision in this matter may prejudice our ability to continue to operate our manufacturing facilities on such land
As of March 31, 2026, March 31, 2025 and March 31, 2024, we held approximately 2.6%, 4.5% and 6.4%, respectively, share of the overall domestic market for solar tracking products used in solar trackers
Our revenue attributable to our facilities in Maharashtra, India accounted for 90.84%, 98.61% and 99.18% of our total revenue from operations in Fiscals 2026, 2025 and 2024, respectively
We derive a substantial portion of our revenue from the sale of products in the solar industry (78.99%, 81.40% and 81.75% of our total revenue from operations in Fiscals 2026, 2025 and 2024, respectively)
since March 2026, the disruptions arising globally from the Middle East conflict have also impacted our operations including delays in procurement of critical inputs such as gas required for our galvanising operations, as well as increases in procurement, raw material and logistics costs
our Promoters, Tanveer Singh, Rajiv Singh, Inderjeet Singh, Inderjeet Tanveer Singh Trust and Inderjeet Rajiv Singh Trust, hold, in aggregate, 92.05% of our issued, subscribed and paid-up share capital
Our Promoters, i.e. Tanveer Singh and Rajiv Singh have given personal guarantees in relation to majority of the borrowings of the Company which if revoked may require alternative guarantees, repayment of amounts due or termination of the facilities
our Company has granted interest-free, unsecured loans to our Key Managerial Personnel, Prasanta Kumar Nath and members of Senior Management, Suresh Maheshwari, Sanjay Mohan Salvi, James Mathew and Jignesh Anantrai Shah
our top 10 customers contributed to 48.63%, 40.40% and 63.47% of our total revenue from operations in Fiscals 2026, 2025 and 2024, respectively
our top 10 suppliers contributed to 89.65%, 86.30% and 76.00% of total purchases in Fiscals 2026, 2025 and 2024, respectively
with effect from June 4, 2025, the United States increased the tariff rate for imports of steel articles and derivative steel articles, and aluminum articles... from all countries (except for the United Kingdom) from 25.00% to 50.00%
Tubular tower for wind turbines was started at Unit Wind Tubular Tower in June 2025... Capacity Utilization 20.55%... Unit OHTL Fittings 0.00%... Unit Solar Piles & TLT, Bhachau 10.00%
A standby letter of credit has been issued for fund and non-fund based facility for Karamtara Renewables Saudi Limited, our wholly owned subsidiary
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 5 | 11 | 2 | ₹29 Cr |
| Promoters | 2 | 11 | 0 | ₹3.1 Cr |
| Directors | 4 | 1 | 0 | ₹1.8 Cr |
| Subsidiaries | 0 | 1 | 0 | ₹0.2 Cr |
| Group companies | 0 | 0 | 0 | — |
Sai Galvanizers vs SICOM, Karamtara (Company) & others — Bombay HC civil suit claiming ₹100.00M plus 24% p.a. interest since July 1996 over the disputed Tarapur Unit; subsequent Contempt Petition (Oct 2025) seeks to halt the Offer
A2Z Infra Engineering vs Company — arbitration claim of ₹86.84M alleging illegal encashment of bank guarantees under the PGCIL JV MoU
Director Avnish Bajaj filed NI Act s.138 cases against Vijay Group Construction (₹6.28M) and Vijay Group Realty LLP (₹12.00M) for recovery
BS Limited complaint involving ₹3.64M adjustment against Promoter Tanveer Singh (as MD of amalgamated KFPL) under IPC ss. 406/420 r/w s.34; case registered at Banjara Hills PS, Hyderabad
CBI ACB Bhopal supplementary charge sheet under IPC ss. 120B, 406, 420, 471 against Company, Promoter Tanveer Singh, CFO Prasanta Kumar Nath and VP-A&F Suresh Maheshwari; quashing petition pending before Gujarat HC at Ahmedabad
Amounts originally stated in ₹ million; converted to crore at 1 crore = 10 million. Only the tax claims table on p430 is presented as an explicit summary table aggregating counts/amounts by party; criminal and civil counts are scattered in the narrative. The CBI chargesheet and BS Limited complaint are counted under each affected party (Company, Promoters, Directors, KMP, Senior Management) since Tanveer Singh, Prasanta Kumar Nath and Suresh Maheshwari straddle multiple roles. Sai Galvanizers' stated ₹100M base claim excludes 24% p.a. interest since 19 July 1996. No single grand total across all proceedings is stated in the document.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
Which institutions were allotted shares before bidding opened, and how many.
Where physical applications could be submitted.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
