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Karamtara Engineering IPO set to start subscription on 9 September
The IPO price band is ₹241 to ₹254 per share, implying an estimated grey market listing price of ₹322 and a premium of 26.77% at the upper end.
Karamtara Engineering’s initial public offering will open for public subscription on 9 September and close on 11 September, with bids accepted in lot size of 59 equity shares, according to LiveMint Markets. The issue has a price band of ₹241 to ₹254 per share, face value ₹10, and it is expected to debut on both BSE and NSE on 17 September.
The article says the current grey market premium is +₹68, pointing to an estimated listing price of ₹322 per share, which is 26.77% higher than the top of the offer price at ₹254. Over the past six sessions, the GMP has ranged from ₹40 to ₹68, with the premium rising on the day cited.
LiveMint Markets also outlines the allocation structure, with up to 50% reserved for qualified institutional buyers, at least 15% for non-institutional investors, and at least 35% for retail investors. The allotment is expected to be finalized on 15 September, refunds are likely to be initiated on 16 September, and shares credited to successful allottees’ demat accounts are also expected on 16 September.
The story further notes that BP Equities recommended subscribing, citing the company’s financial growth, return ratios, diversified product portfolio, and backward integration, as well as growth opportunities tied to renewable energy and power transmission. SBICAP Securities also recommended subscribing for the long term, highlighting that at ₹254 the IPO is valued at a FY26 price-to-earnings multiple of 35.7x on post-issue capital, and that there are no directly comparable listed peers mentioned in the article.