Mumbai, Sept. 11 -- The initial public offer of Karamtara Engineering received bids for 1,59,17,51,088 shares as against 2,54,14,937 shares on offer, according to stock exchange data at 17:00 IST on 11 September 2026. The issue was subscribed 62.63 times.

The issue opened for bidding on 9 September 2026 and will close on 11 September 2026. The price band of the IPO is fixed between Rs 241 and 254 per share. An investor can bid for a minimum of 59 equity shares and multiples thereof.

The offer comprises a fresh issue of equity shares of Rs 10 each aggregating to Rs 675 crore and an offer for sale of equity shares aggregating to Rs 200 crore by promoters [Rs 100 crore each by Tanveer Singh and Rajiv Singh].

Of the net proceeds from the f...