Karamtara Engineering IPO
MainboardKaramtara Engineering is an integrated infrastructure manufacturing company producing power transmission line towers, fasteners, and structural steel profiles.
Verdict: Apply for listing gains
Est. GMP
+₹69 (+27%)
Price range
₹254
Lot size
—
Issue size
—
Allotment
14 Sept
Listing
16 Sept
Review
1. Grey market premium
★★★★★The grey market premium indicates an expected listing gain of around 27%.
2. Company financials
★★★★★Topline has seen consistent support from expanding power T&D capex, though operating margins remain sensitive to steel price cycles.
3. Subscription status
★★★★★Subscription numbers show steady ongoing participation across retail and institutional segments.
4. Anchor investors
★★★★★Anchor allocation indicates participation from domestic institutional investors.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | EBITDA | PAT | Assets |
|---|---|---|---|---|---|
| FY22 | ₹1,850.20 | ₹1,765.40 | ₹135.60 | ₹42.15 | ₹1,240.50 |
| FY23 | ₹2,120.45 | ₹2,010.10 | ₹162.80 | ₹56.40 | ₹1,385.10 |
| FY24 | ₹2,485.60 | ₹2,330.25 | ₹205.50 | ₹78.90 | ₹1,550.80 |
Subscription
Anchor investors
Anchor book details pending.
Anchor allotment details are not publicly detailed in the issue overview.
Risks
- CyclicalProfitability is heavily exposed to volatility in raw material costs, primarily steel and zinc.
- ConcentrationSignificant reliance on orders from power transmission and distribution infrastructure contracts.
- FinancialHigh working capital intensity with elongated debtor cycles creates cash flow pressure.
- RegulatorySubject to stringent quality standards and government tenders in the power utility sector.