The Economic Times

Karamtara Engineering raises Rs 262 crore from anchor investors ahead of IPO. HDFC MF among top buyers

Karamtara Engineering secured Rs 262.50 crore from anchor investors before its upcoming IPO. The company allocated over one crore shares at the IPO's upper price band. Domestic mutual funds and insurance companies participated in the anchor book. Karamtara Engineering's IPO opens for subscription on September 9 and closes on September 11. The company manufactures solar module mounting structures and transmission line towers.