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Karamtara Engineering Files for INR 1,750 Crore IPO

Karamtara Engineering Ltd. has filed for an IPO to raise INR 1,750 crore, with funds mainly for debt reduction and corporate purposes. The IPO consists of a fresh issue of INR 1,350 crore and an offer for sale of INR 400 crore.

The company, a major manufacturer of solar mounting structures and transmission line products, will use INR 1,050 crore to reduce debt. Karamtara is known for its diverse products, including solar module mounting systems and tracker components. The IPO aims to strengthen its market position and support future growth.