• IPO proceeds utilization: Karamtara Engineering is raising ₹875 crores (₹675 crore fresh issue and ₹200 crore offer for sale), using the fresh proceeds to reduce its ₹1,030 crore total debt to around ₹400 crores.
• Manufacturing capacity expansion: Total capacity expanded to 8,90,000 tonnes after adding 3,10,000 tonnes last year across 13 operating facilities, alongside two plants under construction, including a ₹450 crore facility in Saudi Arabia.
• Revenue and order book: The company posted approximately ₹4,300 crores in revenue and ₹504 crores in EBITDA last year, backed by a ₹6,000 crore order book and international markets contributing 57% of sales.
• Capacity ramp-up outlook: Current capacity utilization stands at around 59% following recent fourth-quarter additions, with management expecting higher utilization across FY27 and peaking by FY28 to drive operating leverage.