The Karamtara Engineering IPO will open for subscription on Wednesday, 9 September, and will close today, Friday, 11 September. The Karamtara Engineering IPO price band has been set at ₹241 - ₹254 per equity share, with a face value of ₹10 per share. The Karamtara Engineering IPO lot size is 59 equity shares, and bids can be placed in multiples of 59 shares thereafter. Karamtara Engineering IPO subscription for the public issue will open at 10:00 IST on Wednesday during the deals.
Karamtara Engineering IPO GMP today, or grey market premium, is +68. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Karamtara Engineering share price was indicated at ₹322 apiece, which is 26.77% higher than the IPO price of ₹254.
According to grey market trends over the past six sessions, the IPO's grey market premium (GMP) is rising today, suggesting a strong listing is anticipated. Throughout this timeframe, experts noted that the GMP fluctuated between ₹40 and ₹68.
Under the Karamtara Engineering IPO reservation structure, up to 50% of the issue size is reserved for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and at least 35% for retail investors.
The Karamtara Engineering IPO allotment is expected to be finalised on Tuesday, 15 September. The company is likely to initiate refunds on Wednesday, 16 September, while shares are expected to be credited to the demat accounts of successful allottees on the same day.