An important development is that Indian cricket players Jasprit Bumrah and Rohit Sharma, as well as Bollywood actors Ranbir Kapoor and Aamir Khan, have invested a total of ₹105.7 crore in Karamtara Engineering's pre-IPO round.

Celebrity Investors Join Karamtara Engineering's Pre-IPO Funding

An important development is that Indian cricket players Jasprit Bumrah and Rohit Sharma, as well as Bollywood actors Ranbir Kapoor and Aamir Khan, have invested a total of ₹105.7 crore in Karamtara Engineering's pre-IPO round. This investment demonstrates the increasing number of celebrities taking part in India's rapidly expanding initial public offering (IPO) sector.

Details about Karamtara Engineering's IPO

In order to earn ₹1,750 crore through an initial public offering (IPO), Karamtara Engineering, a prominent manufacturer in the gearbox and renewable energy industries, has submitted draft papers to the Securities and Exchange Board of India (SEBI). The IPO consists of an offer-for-sale (OFS) of ₹400 crore by current shareholders and a new issue of equity shares valued at ₹1,350 crore.

Making Use of IPO Proceeds

In order to lessen its debt load, the business intends to use ₹1,050 crore from the proceeds of the new issuance to pay back its current borrowings. The money that remains will be used for general business objectives, assisting with the company's plans for expansion and growth.

Financial Results and Future Growth Opportunities

With its profit after tax (PAT) rising by 142.3% to ₹102.7 crore in FY2024 from ₹42.36 crore in the prior fiscal year, Karamtara Engineering has shown strong financial success. In FY2024, revenue increased significantly by 51.5% to ₹2,425.2 crore.

By establishing a manufacturing plant for tubular towers used in wind turbines, the firm is extending its presence in the renewable energy industry. Operations are anticipated to start in the first quarter of FY2026.

Conclusion

High-profile celebrities' participation in Karamtara Engineering's pre-IPO investment round demonstrates the company's solid market position and room for expansion in the renewable energy industry. With ambitions to expand into wind energy and a large initial public offering (IPO) imminent, Karamtara Engineering is well-positioned to have a big influence on the market.

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