Newsletter
Karamtara Engineering is eyeing a ₹1,750 crore IPO to fuel growth and pare debt, after receiving SEBI’s final nod.
The deets: the IPO will include a ₹1,350 crore fresh issue and a ₹400 crore OFS by promoters. The funds will go towards debt repayment and general corporate purposes.
Karamtara is India’s largest maker of solar mounting structures and tracker components, essential for large solar farms and power transmission lines that move renewable energy across the grid. Being backward integrated, it controls its entire manufacturing process, a big edge on cost, speed, and quality.
Zoom out: with India targeting 500 GW of clean energy by 2030, demand for top-quality solar and transmission gear is only going up. Karamtara is well-positioned to supply this next wave of green infra buildout.
