Karamtara Engineering Ltd has filed its draft crimson herring prospectus (DRHP) with the capital market regulator, Securities and Change Board of India (SEBI), for an preliminary public providing (IPO).
The corporate is a backward built-in producer of transmission line and renewable vitality merchandise. In response to the F&S Report, by way of put in capability throughout Fiscal 2024 and the six months ending September 30, 2024, it’s the greatest and most outstanding producer of photo voltaic mounting constructions and tracker parts in India.
Due to their wide selection of merchandise, Karamtara Engineering might act as a one-stop store for photo voltaic constructions, together with trackers and fixed-tilt methods.
The corporate gives a variety of merchandise, together with constructions for the transmission business (like lattice towers for transmission strains) and the photo voltaic vitality business (like photo voltaic module mounting constructions, photo voltaic tracker piles and piers, and photo voltaic torque tubes). Moreover, it produces OHTL {hardware} fittings and equipment (such insulator string fittings, jumper tubes, suspension clamps, and vibration dampers) in addition to fasteners (like bolts, nuts, studs, and washers).
IPO particulars
The full supply measurement features a recent difficulty of fairness shares amounting to ₹1,350 crore, together with a proposal on the market by Promoting Shareholders totaling ₹400 crore. The Firm plans to make use of the web proceeds from the recent difficulty primarily for funding initiatives. Particularly, ₹1,050 crore will probably be allotted in direction of the prepayment, reimbursement, or cost obligations to lenders concerning borrowings. The remaining funds will probably be directed in direction of basic company functions.
The problem’s Ebook Operating Lead Managers are JM Monetary Restricted, ICICI Securities Restricted, and IIFL Capital Companies Restricted (previously generally known as IIFL Securities Restricted).
Disclaimer: The views and proposals above are these of particular person analysts, specialists and broking firms, not of Mint. We advise buyers to examine with licensed specialists earlier than making any funding selections.
