• Price Band fixed at ₹241 to ₹254 per equity share of face value of ₹10 each of Karamtara Engineering Limited (“Equity Shares”);
  • The Floor Price is 24.10 times the face value of Equity Shares and the Cap Price is 25.40 times the face value of the Equity Shares;
  • Bid /Offer will open on Wednesday, 09 September 2026 and close on Friday, 11 September 2026. The Anchor Investor Bidding Date is Tuesday, 08 September 2026;
  • Bids can be made for a minimum of 59 Equity Shares and in multiples of 59 Equity Shares thereafter;

Mumbai:  Karamtara Engineering Limited (the “Company”) will open the Bid / Offer in relation to its initial public offering of the Equity Shares on Wednesday, 09 September 2026. The Bid/Offer will close on Friday, 11 September 2026.

The Anchor Investor Bidding Date shall be Tuesday, 08 September 2026.

Bids can be made for a minimum of 59 Equity Shares and in multiples of 59 Equity Shares thereafter.

The Price Band has been fixed at ₹241 to ₹254 per Equity Share.

The total offer size is Up to 36,307,052 Equity Shares of face value of ₹10 each aggregating up to ₹8,750.00 million.

The Offer comprises of a Fresh Issue of up to [●] Equity Shares of face value of ₹10 each aggregating up to ₹ ₹6,750.00 million and an Offer for sale of up to [●] Equity Shares aggregating up to ₹2,000.00 million. The Offer for Sale comprises up to [●] Equity Shares of face value of ₹10 each aggregating up to ₹1,000.00 million by Tanveer Singh and up to [●] Equity Shares of face value of ₹10 each aggregating up to ₹1,000.00 million by Rajiv Singh. 

The Company, in consultation with the Book Running Lead Managers, undertook a pre-IPO placement of Compulsory Convertible Preference Shares (CCPS) aggregating to ₹ 750.00 million, as permitted under applicable law. The pre-IPO placement was at a price decided by the company, in consultation with the Book Running Lead Managers and was completed prior to filing of the Red Herring Prospectus with the ROC. The amount raised pursuant to the pre-IPO placement was reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the BSE and NSE. For the purposes of the Offer, the Designated Stock Exchange shall be NSE.

JM Financial Limited, ICICI Securities Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the Book Running Lead Manager’s to the issue.