Karamtara Engineering, a Mumbai-based manufacturer of solar products, is gearing up for its initial public offering (IPO). The company’s market debut is not just being closely watched by investors but also by celebrities from Bollywood and cricket.
Notably, Bollywood stars Aamir Khan, Ranbir Kapoor, and Karan Johar, as well as cricketers Rohit Sharma and Jasprit Bumrah, have invested significantly in Karamtara, showing their support ahead of the IPO.
The company aims to raise ₹1,750 crore through the public offering. This includes ₹1,350 crore through a fresh issue and ₹400 crore via an offer for sale (OFS). Founded in 1996 and operational since 1998, Karamtara is led by CEO Sunil Kumar Rustagi, with Tanveer Singh as the promoter.
