Karamtara Engineering IPO Day 3: Subscription Closes Today, 11 September 2026
- September 11, 2026
- Posted by: Harsh Piplani
- Category: IPO
Karamtara Engineering IPO closes today, 11 Sep 2026. Subscribed 3.8x through Day 2 (5:06 PM), after crossing full subscription and being led by QIB on Day 1. Price band Rs 241-254.
Quick Answer
The Karamtara Engineering IPO is on its final day of bidding on 11 September 2026, with the subscription window closing today. The issue moved from around 0.66 times through Day 1, with QIBs already ahead of retail and NII at that stage, to about 3.8 times by the close of Day 2. With bidding open until the end of today’s session, the final Karamtara Engineering IPO subscription figure could run higher still, particularly if institutional bids add further in the closing hours.
Karamtara Engineering Limited, the largest integrated manufacturer in India of solar mounting structures and tracker components, has reached the final day of its IPO subscription window today, 11 September 2026. The Karamtara Engineering IPO opened on 9 September and is a mainboard, book built issue worth about Rs 875 crore, comprising a fresh issue of Rs 675 crore and an offer for sale of Rs 200 crore. The shares are proposed to list on both BSE and NSE.
Demand for the issue showed an unusual pattern on Day 1, with qualified institutional buyers leading at around 1.26 times by midday while retail and NII lagged at 0.42 times and 0.40 times respectively, an early institutional endorsement that is less common on an opening day. The overall book built further through Day 2, reaching around 3.8 times by the close, making Karamtara Engineering one of three mainboard issues fully subscribed within Day 1 this week, alongside Rentomojo and LCC Projects.
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Karamtara Engineering IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 9 September 2026 |
| Close Date | 11 September 2026 |
| Price Band | Rs 241 to Rs 254 per share |
| Lot Size | 59 shares |
| Issue Size | Rs 875 crore |
| Issue Type | Book Built Issue |
| Listing At | BSE and NSE |
| Allotment Date | 15 September 2026 |
| Listing Date | 17 September 2026 |
Karamtara Engineering IPO Subscription Status Day 3
The table below tracks how the issue has moved through its bidding window, from Day 1 through to the close of Day 2.
| Session | Overall | QIB | Retail | NII |
|---|---|---|---|---|
| Day 1 (9 Sep, 12:09 PM) | ~0.66x | 1.26x | 0.42x | 0.40x |
| Day 2 close (10 Sep, 5:06 PM) | 3.8x | Category split updating | ||
| Day 3, closing day so far (11 Sep) | Updating through the session | |||
Qualified institutional buyers showed early confidence in the issue on Day 1, an uncommon pattern that often points to sustained institutional interest through the close. With bidding open until the end of today’s session, the final numbers should be confirmed on BSE and NSE once the window shuts.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Karamtara Engineering IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 241 to Rs 254 band, in multiples of 59 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone well before the cut off today, since the issue closes for good after this session.
Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue closes today, having drawn early QIB confidence on Day 1 and built to around 3.8 times overall by the close of Day 2. Investors considering the issue should review the company financials and risk factors in the RHP on bseindia.com and nseindia.com, and apply only after independent due diligence before the window shuts today.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Karamtara Engineering IPO subscription status on Day 3?
Ans. The issue reached around 3.8 times overall by the close of Day 2 on 10 September, up from about 0.66 times through Day 1, and figures for the closing day, 11 September 2026, are updating through today’s session.
When does the Karamtara Engineering IPO close?
Ans. The issue closes for subscription today, 11 September 2026, having opened on 9 September 2026.
What is the Karamtara Engineering IPO price band and lot size?
Ans. The issue price band is Rs 241 to Rs 254 per share, with a lot size of 59 shares, taking the minimum investment to about Rs 14,986 at the upper price band.
Which category led the Karamtara Engineering IPO on Day 1?
Ans. Qualified institutional buyers led the issue on Day 1, subscribing 1.26 times by midday, ahead of retail at 0.42 times and NII at 0.40 times, an uncommon pattern of early institutional confidence.
What is the Karamtara Engineering IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Karamtara Engineering IPO before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 59 shares within the Rs 241 to Rs 254 band and approving the UPI mandate before today’s cut off.
When will the Karamtara Engineering IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 15 September 2026, with listing on both BSE and NSE tentatively scheduled for 17 September 2026.
Was the Karamtara Engineering IPO fully subscribed on Day 1?
Ans. Yes, the issue was one of three mainboard issues, alongside Rentomojo and LCC Projects, to be fully subscribed within Day 1 among the six mainboard IPOs that opened together this week.
What does Karamtara Engineering Limited do?
Ans. Karamtara Engineering Limited manufactures solar mounting structures, tracker components, transmission line lattice towers and fasteners for the renewable energy and transmission line sectors.
