Economy, business and finance
Karamtara Engineering makes strong debut
Shares of Karamtara Engineering were currently trading at Rs 351.95 at 10:15 IST on the BSE, representing a premium of 38.56% as compared with the issue price of Rs 254.
The stock debuted at Rs 320 on the BSE, a premium of 25.98% over its issue price.
So far, the stock has hit a high of Rs 351.95 and a low of Rs 320. On the BSE, over 14 lakh shares of the company were traded in the counter so far.
Karamtara Engineering was subscribed 62.63 times. The issue opened for bidding on 9 September 2026 and closed on 11 September 2026. The price band of the IPO is fixed between Rs 241 and 254 per share.
The offer comprised 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].