• IPO structure: Karamtara Engineering's ₹875 crore IPO is open from 9 to 11 September with a price band of ₹241 to ₹254, comprising a fresh issue of ₹675 crore and an offer for sale of ₹200 crore.
• Manufacturing operations: The company manufactures products across solar, wind, and power transmission infrastructure, operating 13 plants across India and Italy, with new facilities under construction in Gujarat and Saudi Arabia.
• Capex and capacity: The company invested around ₹900 crore in capex during the last financial year, adding 3,10,000 tonnes to take total capacity to approximately 8,90,000 tonnes as of 31 March.
• Debt reduction plan: The majority of the primary issue proceeds will be directed toward deleveraging, reducing total debt from ₹1,030 crore as of 31 March 2024 to approximately ₹400 crore.