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Carver Roboweld IPOLISTED
Carver Roboweld Limited is a Rajkot-based manufacturer of welding consumables, offering welding automation, forging die regeneration and industrial engineering solutions for heavy engineering and other industries.
Listing price
₹90
+12.50%
Current price
—
Not available
Issue price
₹80
Upper band
Listed on
04 Nov 26
CARVERROBOWELD
- Open28 Oct
- Close30 Oct
- Allotment2 Nov
- Refund3 Nov
- Demat3 Nov
- Listing4 NovToday
Listed at
₹90
+12.50% on 04 Nov 26
Overview
Price band
₹76-80
Lot size
1,600 shares
Minimum application 2 lots
Face value
₹10 / share
Issue type
Book Built Issue
Min. investment
₹2,56,000
2 lots · 3,200 shares
Listing at
BSE
Issue Size : 35,36,000 shares worth ₹28.29 Cr
- Fresh Issue : 35,36,000 shares worth ₹28.29 Cr
IPO Share Reservation
Total
94.97%
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,56,000 |
| Retail (Max) | 2 | 3,200 | ₹2,56,000 |
| S-HNI (Min) | 3 | 4,800 | ₹3,84,000 |
| S-HNI (Max) | 7 | 11,200 | ₹8,96,000 |
| B-HNI (Min) | 8 | 12,800 | ₹10,24,000 |
Listing performance
Listing gain
+12.50%
Gain per retail lot
₹32,000
Latest vs issue
—
GMP was
₹4 (+5.00%)
Latest price shows here when a live quote is available (NSE main-board stocks).
Live GMP
GMP
₹4+5.00%
Exp. listing
₹84
Retail profit
₹12,8003,200 shares
HNI profit
₹19,2004,800 shares
Latest GMP
₹4
All-time high
₹6
All-time low
₹4
Subscription
- QIB26.33xQIB26.33xQualified Institutional BuyersShares offered 6,68,800Shares applied 1,76,09,600Bid amount ₹141 Cr
- NII (HNI)40.74xNII (HNI)40.74xNon-Institutional InvestorsShares offered 5,12,000Shares applied 2,08,59,200Bid amount ₹167 Cr
- S-HNI26.50xS-HNI26.50xSmall HNI · ₹2L – ₹10LShares offered 1,71,200Shares applied 45,36,000Bid amount ₹36.29 Cr
- B-HNI47.90xB-HNI47.90xBig HNI · above ₹10LShares offered 3,40,800Shares applied 1,63,23,200Bid amount ₹131 Cr
- Retail19.17xRetail19.17xRetail Individual InvestorsShares offered 11,80,800Shares applied 2,26,36,800Bid amount ₹181 Cr
- Total25.87xTotal25.87xAll categories combinedShares offered 23,61,600Shares applied 6,11,05,600Bid amount ₹489 Cr
Financials
| Period(₹ Cr) | Revenue | Expense | PAT | Assets | Borrowing |
|---|---|---|---|---|---|
| Mar 2024 | 21.67 | 20.26 | 1.01 | 21.59 | 13.39 |
| Mar 2025 | 24.97 | 22.9 | 1.45 | 32.69 | 22.32 |
| Mar 2026 | 27.12 | 22.33 | 3.48 | 38.26 | 15.65 |
| Jun 2026 | 7.71 | 5.67 | 1.49 | 39.45 | 12.27 |
KPI & Valuation
Key performance indicators
- ROE
- 8.48%
- PAT Margin
- 19.37%
- ROCE
- 8.27%
- EBITDA Margin
- 36.9%
- Debt to Equity Ratio
- 0.7
- RoNW
- 8.48%
As of 30 Jun 2026
Valuation
- EPS Pre IPO
- ₹3.64
- EPS Post IPO
- ₹4.56
- P/E Pre IPO
- 21.98
- P/E Post IPO
- 17.54
Strengths & risks
Strengths
- Experienced management team.
- Diverse engineering services.
- Growing production capacity.
- ISO 9001:2015 certified.
- Pan-India service network.
Risks
- High customer concentration.
- High supplier concentration.
- Raw material price volatility.
- Limited product portfolio.
- Manufacturing and quality risks.
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots. | 11.99 |
| Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions. | 8.6 |
| General Corporate Purposes. | - |
Promoter Holdings
Company Promoter(s)
- Ranjit Chandrabhai Bose
- Rajit Chandra Bose
- Deval Ranjitbhai Bose
Registrar & contacts
Registrar
Bigshare Services Pvt. Ltd.
- 8657578989/8069219065/8069219060
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
Company
Carver Roboweld Limited
- Office no. 1403, Space Odyssey, Near KKV Hall, 150 Feet Ring Road, Mota Mava, Rajkot, Gujarat, 360005
- 9727797000
- investor@carver.co.in
- https://www.carverroboweld.com/
Documents
Lead managers
About Carver Roboweld
Carver Roboweld Limited is a Rajkot, Gujarat-based manufacturer of welding consumables and provider of industrial welding automation and engineering solutions, primarily serving the forging and heavy engineering industries. Incorporated in August 2009, the company manufactures Metal Cored Wires, Welding Rods and Gouging Electrodes, along with supplying welding spare parts and accessories.
The company's key products and services include:
- Metal Cored Wires: Specialised welding wires used for repairing and rebuilding forging dies, heavy machinery and industrial components.
- Welding Rods and Gouging Electrodes: Welding consumables used for fabrication, maintenance, metal removal and industrial repairs.
- Forging Die Regeneration: Repair and refurbishment of worn-out forging dies and machinery components.
- Welding Robot Rental: Provides industrial welding robots on a rental basis for automated welding operations.
- Industrial Engineering Services: Machinery reconditioning, heavy-duty machining, structural fabrication and turnkey engineering projects through its subsidiary, Carver Engineering Private Limited.
The company operates one manufacturing facility at Bamanbore, Rajkot, covering approximately 16,186 square metres, along with service units in Pune, Hosur and Ludhiana. As of July 11, 2026, its aggregate installed production capacity was 650 tonnes per annum, reflecting a capacity CAGR of approximately 30% between FY2025 and FY2026.
In September 2025, the company acquired Carver Engineering Private Limited, expanding its engineering services across the forging, casting, cement, steel, power, automotive and other industrial sectors.
The company is ISO 9001:2015 certified for specified welding consumable activities and a Sustaining Corporate Member of the American Welding Society (AWS). As of June 30, 2026, it had 68 permanent employees and 75 contract workers.