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Karamtara Engineering has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 1750 crore through an initial public offering (IPO). 

The proposed IPO is a combination of a fresh issue of shares valued at Rs 1,350 crore and an offer for sale (OFS) of shares worth Rs 400 crore by promoters. Proceeds of the fresh issue to the tune of Rs 1,050 crore will be used towards payment of debt and a portion will be utilised for general corporate purposes. 

Karamtara Engineering is a backward integrated manufacturer of products for renewable energy and transmission lines sectors. It offers a diverse product portfolio which enables it to serve as a one-stop shop for solar structures (fixed-tilt and trackers).