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Power and Energy
Sub Sector: Manufacturer of products for renewable energy and transmission lines sectors.
Karamtara Engineering is a backward integrated manufacturer of products for renewable energy and transmission lines sectors. They are the largestand a leading manufacturer of solar mounting structures and tracker components in India in terms of installed capacity in Fiscal 2024 and the six months ended September 30, 2024, according to the F&S Report. Their aggregate installed capacity was 567,000 MTPA (including 374,700 MTPA for solar products equivalent to approximately 13.20GW) and 480,000 pieces as of September 30, 2024 (excluding their galvanizing capacity).They offer a diverse product portfolio which enables them to serve as a one-stop shop for solar structures (fixed-tilt and trackers). They offer structures and fasteners in the solar energy and transmission sectors, and overhead transmission line (“OHTL”) hardware fittings and accessories. They were one of the largest exporters of solar products from India to North America in Fiscal 2024 (Source: F&S Report). They are also foraying into the wind energy sector by setting up a manufacturing facility to produce tubular towers for wind turbines, which is expected to commence operations during the first quarter of Fiscal 2026.They have a wide geographical footprint with a global delivery model, with exports to over 50 countries cumulatively as of September 30, 2024, across North America, Europe, Asia, Africa, Australia and Latin America.They have built a strong customer base of international customers, including original equipment manufacturers (“OEMs”) and engineering, procurement and construction (“EPC”) companies and independent power producers (“IPPs”). According to the F&S Report, they serve six of the top 15 EPC companies in the United States (in terms of installed capacity).
MUFG Intime India Private Limited
Karamtara Engineering operates in Power and Energy and Manufacturer of products for renewable energy and transmission lines sectors.. The Issue would be listed on MainBoard. The registrar of the Issue is MUFG Intime India Private Limited. The IPO type of Karamtara Engineering is Book Building Process and Object of issue is
Merchant Banker of Karamtara Engineering IPO is ICICI Securities Limited , Iifl Securities Limited , Jm Financial Limited
The DRHP (Draft Red Herring Prospectus) of Karamtara Engineering IPO was filed on 22 Jan 2025.
No, Karamtara Engineering IPO is not yet listed. See other upcoming MainBoard IPOs here.
The IPO open date and IPO close date of Karamtara Engineering are not available now. You can apply in Karamtara Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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