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Karamtara Engineering IPO: Check opening dates, GMP, price band and other details

economictimes.indiatimes.com · 10dShare

Karamtara Engineering Ltd has fixed the price band for its Rs 875 crore IPO at Rs 241-254 per equity share, with the issue set to open for subscription on Wednesday, September 9. The IPO will close on Friday, September 11. The allotment is expected to be finalised on September 15, while refunds and credit of shares to demat accounts are likely on September 16. The stock is expected to list on BSE and NSE on September 17.The lot size has been fixed at 59 shares. At the upper end of the price band, the minimum retail application size works out to Rs 14,986. The company’s market cap at the upper price band is estimated at Rs 8,174.3 crore. The company is having a decent GMP of around 15% over the issue price.Karamtara Engineering IPO detailsThe IPO comprises a fresh issue of 2.66 crore shares worth Rs 675 crore and an offer for sale of 78.74 lakh shares worth Rs 200 crore. In all, the offer consists of 3.44 crore shares.The offer is being made through the book-building route. Not more tha

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