Upcoming IPO: Karamtara Engineering gets SEBI nod to raise funds through IPO
As a backward integrated producer of transmission line and renewable energy products, Karamtara Engineering stands out. According to the F&S Report, it holds the position as the top manufacturer of solar mounting structures and tracker components in India based on installed capacity for Fiscal 2024 and for the six months ending September 30, 2024.
Given their extensive product range, Karamtara Engineering has the potential to serve as a single-source provider for solar structures, encompassing both trackers and fixed-tilt systems. The company's offerings include structures for the transmission sector (such as lattice towers for transmission lines) alongside the solar energy sector (like solar module mounting structures, solar tracker piles and piers, and solar torque tubes).
In addition, it manufactures OHTL hardware fittings and accessories (including insulator string fittings, jumper tubes, suspension clamps, and vibration dampers) as well as fasteners (such as bolts, nuts, studs, and washers).
The total size of the offer consists of a new equity shares issue valued at ₹ 1,350 crore, in addition to an offer for sale by Selling Shareholders amounting to ₹ 400 crore. The Company intends to utilize the net proceeds from the new issue primarily for funding initiatives.
Specifically, ₹ 1,050 crore will be set aside for the prepayment, repayment, or settlement of obligations owed to lenders related to borrowings. The remaining funds will be allocated for general corporate purposes.
Prominent investors such as Jagdish Naresh Master, Utpal Hemendra Sheth, Singularity Growth Opportunities Fund, Gaurav Trehan, Quantum State Investment Fund, Ananta Capital Venture Fund, Jaidev Rajnikant Shroff, Axia Select Opportunities Fund, Mithun Padam Sacheti, and Siddhartha Sacheti, along with MNI Ventures, have invested in the firm through preferential allotment, as stated in the DRHP.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
22 minutes ago
- Mint
Best Mutual Funds: These 6 value schemes delivered over 20% annualised returns in past 3 years
Best Mutual Funds: Before investing in a mutual fund scheme, investors typically examine its past few years' returns and compare them with those of other schemes in the same category. The past performance of mutual funds sets the tone for their future performance. A high-performing fund, for instance, is likely to garner a lot of contributions from new investors, whereas a low-performing fund fails to gain traction over time. Here, we list out the high-performing value schemes that delivered over 20 per cent annualised returns in the past three years. Let us first understand what a value mutual fund is. Value mutual funds refer to those schemes which follow a value investment strategy with at least 65 per cent in stocks. These funds identify securities that are currently undervalued but are seen to perform well in future after their value is unlocked. There are a total of 24 value schemes with total assets under management (AUM) of ₹ 2.01 lakh crore, according to the latest AMFI (Association of Mutual Funds in India) data as on July 31, 2025. Value Fund 3-year-returns (%) Axis Value Fund 21.45 HSBC Value fund 23.84 ICICI Pru Value 21.05 JM Value Fund 23.34 Nippon India Value 21.19 Quant Value Fund 22.98 (Source: AMFI; regular returns as on 13 August 2025) As we can see in the table above, JM Value Fund delivered over 23 per cent annualised returns in the past three years, while HSBC Value Fund gave 23.84 per cent returns. Other schemes which have delivered high returns include Axis Value Fund and ICICI Prudential Value Fund. Notably, past returns do not guarantee future returns. This means just because some scheme has given exceptional returns in the past, it does not mean it will continue to deliver similar returns in the future as well. Other factors that investors are supposed to consider before making an investment decision include the reputation of the fund house, whether the scheme is active or passive, past performance of the fund manager (in the case of an active scheme), and the overall macroeconomic scenario that prevails, among others. Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment-related decision. For all personal finance updates, visit here
Mint
an hour ago
- Mint
Sebi's AIF rule changes give fund managers more time—but add new challenges
The landscape for Alternate Investment Funds (AIFs) in India is undergoing significant change with recent regulatory amendments from the Securities and Exchange Board of India (Sebi). These changes aim to resolve long-standing challenges in managing unliquidated assets while giving fund managers more operational flexibility. At the same time, they introduce new complexities that will require careful oversight to ensure investor confidence is not undermined. This article examines the opportunities and challenges these reforms bring, and how Sebi can further strengthen its framework. The changes The Sebi amendments provide flexibility for AIFs by allowing more time to maximise asset valuation. These changes improve outcomes for both fund managers and investors. Increased flexibility for fund management: One of the most notable changes introduced by Sebi is the option for AIFs to enter a "dissolution period" to manage unliquidated investments within their existing schemes. This allows funds to extend their lifecycle in a structured manner, offering fund managers more time and flexibility to dispose of these assets. In the past, funds with unliquidated investments often struggled to wind down promptly, leading to costly administrative and legal burdens. By eliminating the need to create separate liquidation schemes, the dissolution period simplifies operations and provides an efficient path to closing out investments that would otherwise remain stranded. The ability to manage residual investments within the existing fund structure also helps mitigate the risk of distress sales. Fund managers now have the latitude to wait for favourable market conditions or work through complex resolutions without the pressure of an impending deadline, which could result in more favourable outcomes for investors. One-time extension for liquidation: Sebi has also introduced a one-time extension for AIFs with liquidation periods that have either expired or were set to expire before 24 July 2024. This extension is a crucial lifeline, particularly for funds facing illiquid markets or assets that are difficult to sell. It enables fund managers to avoid hasty liquidations that might lead to suboptimal returns. For investors, the extension could result in better outcomes, as fund managers will have the necessary time to work on maximizing the value of their investments, instead of rushing into sales that could lead to unnecessary losses. The challenges Sebi's changes often aim to improve market integrity and protect investors, but they can indeed bring challenges. Balancing these challenges is crucial to ensuring that the regulatory environment supports both market efficiency and investor protection. Transparency concerns: While beneficial for fund managers, extending the holding period raises transparency issues. Delayed disclosures regarding the asset quality and performance of these unliquidated investments could erode investor trust. Sebi must enforce stringent monitoring and ensure that investors remain fully informed, even during extended holding periods. Limited investor options in distribution: Investors may face limited choices when it comes to receiving returns from unliquidated assets. If investors are unwilling to accept in-specie distribution (where they receive the unliquidated asset directly), the investment may be written off. This approach could be detrimental to investors who are not prepared to manage such assets themselves, highlighting the need for more diverse exit options. Valuation complexities: Accurately valuing unliquidated investments is a challenging task. The inherent subjectivity in assessing the worth of illiquid assets can lead to discrepancies between perceived and actual values, increasing the potential for disputes. Ensuring accurate, transparent valuation mechanisms will be crucial to avoiding conflict and ensuring fair outcomes for all stakeholders. Suggested next steps In the evolving landscape of fund management, ensuring transparency and flexibility for both investors and fund managers is crucial. To enhance this dynamic, Sebi could consider the following measures: Standardized exit options: Sebi could explore standardized exit mechanisms for investors who are unwilling to accept in-specie distribution. Facilitating secondary market transactions for illiquid assets or establishing more structured exit strategies could provide greater flexibility to investors. Clearer guidelines on dissolution procedures: Providing more explicit guidelines for entering and exiting the dissolution period would offer clarity for fund managers and investors alike. This could reduce confusion and ensure that all stakeholders have a clear understanding of the process. Periodic review of the dissolution period: Sebi ould commit to reviewing the effectiveness of the dissolution period after a certain time. This would allow for adjustments to be made based on market feedback and performance, ensuring that the system remains responsive and effective. Simplified consent mechanisms: Streamlining the consent process—perhaps through electronic voting or reducing the consent threshold—could make it easier for fund managers to make critical decisions without unnecessary delays. Simplified procedures would reduce administrative burdens and improve the agility of fund management. The success of these reforms hinges on addressing potential transparency issues and creating more robust exit options for investors. With further refinements, these amendments could catalyse even greater growth and innovation in India's AIF industry, while maintaining investor confidence and market integrity. Priyesh Chheda is founder of Arbour Investments.
India.com
3 hours ago
- India.com
From Red Fort, PM Modi's Subtle Yet Stern Message To US And China's Bullying, Pakistani Threats
India's 79th Independence Day is being celebrated at a time when global uncertainty has surrounded Asia. On one hand is US President Donald Trump, who has been acting like a schoolyard bully rather than a global leader, and on the other, there is unpredictable China, which is trying to control the world's most critical resources. India is heavily dependent on China when it comes to pharmaceuticals, and the US is a key global player that cannot be ignored. Then, there is Pakistan, which has been issuing repeated threats to India. Amid this, Prime Minister Narendra Modi delivered an impactful Independence Day speech from the ramparts of the Red Fort, sending a message not only to Indians but also to the US, China and Pakistan. PM Modi's Self-Reliance Message Amid the export tariff row, Prime Minister Modi urged Indians to excel in fields where the country lags and make the nation self-reliant. PM Modi said, 'Dependence on others raises questions about a nation's independence. It is unfortunate when dependence becomes a habit, a dangerous one. That's why we must remain aware and committed to becoming self-reliant. Self-reliance is not just about exports, imports, the rupee, or the dollar. It is about our capabilities, our strength to stand on our own.' Also Read: PM Modi's Independence Day Message: Cut Oil, Fight Obesity, And Build A Healthier India Subtle Hint To US The United States has been keen on pushing F-35 fighter jets sale to India. However, while India announced its fifth-generation fighter jet programme months ago, PM Modi on Friday urged Indians to work towards the development of fighter jet engines, a key hurdle in for India in developing homegrown stealth aircraft. From the Red Fort, PM Modi urged every citizen, especially the youth, to take part in nation-building by innovating and producing jet engines, social media platforms, fertilisers, and other critical technologies indigenously, forging a future where India stands self-reliant, powerful, and globally respected. Notably, while a homegrown jet engine would end India's reliance on any foreign nation for fighter jets, including the US, a self-reliance in fertilisers would end dependence on China. However, homegrown social media platforms would help in fighting not only misinformation but also in helping win the narrative war, a hard lesson learnt post Operation Sindoor. Also Read: India's Own Iron Dome: PM Modi Outlines Major Plan To Make India Attack Proof With Sudharshan Chakra Shield Reducing Reliance On China Notably, India relies heavily on China for pharmaceutical raw materials and rare earth minerals. PM Modi has now urged researchers and entrepreneurs to secure patents for new drugs and medical technologies, ensuring that India not only meets its own healthcare needs but also becomes a global hub of medical self-reliance and innovation, demonstrating the country's ability to lead in science, technology, and human welfare. PM Modi urged the nation to achieve self-reliance in medicines and innovation, highlighting India's strength as the 'pharmacy of the world'. PM Modi also highlighted India's bold steps to secure resources critical for its future. Through the National Critical Minerals Mission, the country is exploring 1,200 sites to ensure access to minerals essential for energy, industry, and defence. He emphasized that controlling these minerals strengthens India's strategic autonomy, keeping its industrial and defence sectors truly self-reliant. Warning To Pakistan PM Modi hailed Operation Sindoor, conducted after the Pahalgam attack, as a demonstration of India's strategic autonomy. Using Made-in-India weapons, the operation dismantled terror networks and Pakistan-based infrastructure, signaling a new era where India will no longer accept nuclear blackmail or threats on foreign terms. On the issue of the Indus Waters Treaty, he made it unequivocally clear: 'India has now decided, blood and water will not flow together. The people have realized that the Indus Waters Treaty was unjust. Water from the Indus River system irrigated enemy lands while our farmers suffered.' This statement reaffirmed that India will no longer compromise on its national interests, and the operation underscored the country's ability to act swiftly and decisively, relying entirely on indigenous technology and defence platforms. PM Modi's remarks are seen as a response to Pakistan's war mongering comments.
