Carver Roboweld IPO 2026: Date, Price Band, GMP, Lot Size & Review

Carver Roboweld Limited IPO
CR
Carver Roboweld Limited IPO
Welding Consumables & Engineering · Robot Rental · Rajkot, Gujarat
📋 BSE SME IPO Fresh Issue Only BSE SME
₹80
Upper Price
₹28.29 Cr
Issue Size
Nov 4, 2026
Listing Date
₹104.82 Cr
Market Cap
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 28 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 30 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 2 November 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 3 November 2026
Unallotted funds unblocked; shares credited to demat
🏷️
Wednesday, 4 November 2026
Trading begins on BSE SME from 10:00 AM IST
📋 IPO Details
IPO Open Date28 October 2026 (Wed)
IPO Close Date30 October 2026 (Fri)
Listing Date4 November 2026 (Wed)
Face Value₹10 per share
Price Band₹76 to ₹80
Issue Price (Upper Band)₹80 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size1,600 shares (Min App: 2 Lots)
Total Issue Size35,36,000 shares (₹28.29 Cr)
Fresh Issue35,36,000 shares (₹28.29 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Market Maker Portion1,77,600 shares (₹1.42 Cr)
Net Offered to Public33,58,400 shares (₹26.87 Cr)
Pre-Issue Shares95,66,805
Post-Issue Shares1,31,02,805
Promoter Holding (Pre → Post)90.07% → 65.77%
Market Cap (Pre-IPO)₹76.53 Cr
Market Cap (Post-IPO)₹104.82 Cr
Listing ExchangeBSE SME
Lead ManagerSmart Horizon Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹80
Investor TypeLotsSharesAmount
Retail — Minimum23,200₹2,56,000
Retail — Maximum23,200₹2,56,000
S-HNI (sNII) — Min34,800₹3,84,000
S-HNI (sNII) — Max711,200₹8,96,000
B-HNI (bNII) — Min812,800₹10,24,000
⚠️ Note: Investors can bid for a minimum of 3,200 shares (2 lots) and in multiples of 1,600 shares thereafter. Market Maker reservation comprises 1,77,600 shares.
👥 Investor Reservation
Allocated portion of Net Offer
Max 50%
QIB Portion
16,65,600 Shares
Min 35%
Retail Portion
11,80,800 Shares
Min 15%
NII Portion
5,12,000 Shares
📍 The QIB portion (16,65,600 shares) includes an Anchor Investor reservation of 9,96,800 shares, leaving 6,68,800 shares exclusively for QIBs (excluding Anchors).
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric30 Jun 202631 Mar 202631 Mar 202531 Mar 2024
Total Assets39.4538.2632.6921.59
Total Income7.7127.1224.9721.67
PAT1.493.481.451.01
EBITDA (Adj.)2.848.364.924.12
Net Worth17.6216.134.563.11
Reserves & Surplus9.628.423.612.16
Total Borrowing12.2715.6522.3213.39
Income Growth
FY 2023–24₹21.67 Cr
FY 2024–25₹24.97 Cr
FY 2025–26₹27.12 Cr
🎯 Key Performance Indicators
33.63%
ROE (Mar 26)
8.48% (Jun 26)
0.97
Debt/Equity (Mar 26)
0.70 (Jun 26)
21.64%
ROCE (Mar 26)
8.27% (Jun 26)
12.87%
PAT Margin (Mar 26)
19.37% (Jun 26)
30.94%
EBITDA Margin (Mar 26)
36.90% (Jun 26)
21.57%
RoNW (Mar 26)
8.48% (Jun 26)
4.34x
Price/Book
At upper price ₹80
₹17.54
NAV (Mar 26)
₹18.42 (Jun 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹3.64
FY26 earnings + pre-issue shares
P/E: 21.98x
Post-IPO EPS
₹4.56
Annualised post-issue basis
P/E: 17.54x
Price to Book Value
4.34x
At upper price band ₹80
Market Cap
₹104.82 Cr
At upper offer price ₹80
ℹ️ Pre-IPO EPS (₹3.64) is established on pre-issue equity of 95,66,805 shares and restated FY26 PAT of ₹3.48 Cr. Post-issue EPS (₹4.56) relies on annualized H1 FY27 earnings applied to an expanded post-issue base of 1,31,02,805 shares following the fresh issuance of 35,36,000 shares. The Post-IPO Market Capitalisation expands to ₹104.82 Cr at the upper band.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots
₹11.99 Cr
2
Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions
₹8.60 Cr
3
General Corporate Purpose
Balance
Total Net Proceeds Goal ₹20.59 Cr
🏢 About Carver Roboweld Ltd.
Est. 2009 · Rajkot, Gujarat · Welding Consumables & Engineering Services

Carver Roboweld Limited, incorporated in August 2009, is a specialized industrial enterprise manufacturing high-quality welding consumables including Metal Cored Wires, Welding Rods, and Gauging Electrodes, accompanied by a comprehensive supply of welding spare parts and accessories. Operating primarily from its integrated manufacturing facility in Bamanbore, Rajkot, Gujarat, the company also maintains vital service units in Pune, Hosur, and Ludhiana to ensure strategic market coverage across major Indian industrial corridors. As of July 2026, Carver Roboweld possessed an installed production capacity of 650 tonnes per annum for its core wires and rods, exhibiting a robust capacity CAGR of roughly 30% between FY25 and FY26.

The company has significantly diversified its operational footprint to provide value-added engineering solutions directly targeting the demanding forging industry. These services include advanced forging die regeneration and a specialized welding robot rental model, which fosters long-term customer engagement and recurring revenue streams. Following the acquisition of its subsidiary, Carver Engineering Private Limited, in September 2025, the firm broadened its service scope to offer heavy-duty machining, structural fabrication, and turnkey refurbishment services for plant machinery spanning sectors like casting, cement, steel, sugar, power, petroleum, and automotive. Proudly ISO 9001:2015 certified and recognized as a Sustaining Corporate Member of the American Welding Society (AWS), the company operates with 68 permanent employees and 75 contract workers as of June 30, 2026.

Brand Ecosystem
⚙️
Welding Consumables
Manufacturing Metal Cored Wires, Welding Rods, and Gauging Electrodes up to 650 TPA capacity.
🦾
Robot Rental Solutions
Providing specialized welding robot rental services driving recurring revenue and deep client engagement.
🛠️
Engineering Services
Forging die regeneration, heavy-duty machining, and plant refurbishment via subsidiary Carver Engineering.
🏭
Strategic Network
Primary manufacturing base in Rajkot, supported by key service hubs in Pune, Hosur, and Ludhiana.
Competitive Strengths
🏆Integrated business model offering both high-quality consumable manufacturing and value-added engineering services.
🤝Strategic market presence with strategically located facilities serving heavy industrial corridors nationwide.
🔖Strict adherence to global quality benchmarks, supported by ISO 9001:2015 and AWS Corporate Membership.
📈Stellar financial momentum, characterized by a 140% surge in FY26 PAT and exceptional 33.63% ROE.
Company Promoters
RB
Ranjit Chandrabhai Bose & Rajit Chandra Bose
Promoters, Carver Roboweld Ltd.
DB
Deval Ranjitbhai Bose
Promoter, Carver Roboweld Ltd.
📅 Key Dates
IPO Opens28 Oct 2026
IPO Closes30 Oct 2026
Allotment2 Nov 2026
Refund & Share Credit2 Nov 2026 / 3 Nov 2026
Listing Day4 Nov 2026
💡 Quick Summary
Price Band₹76 – ₹80
Upper Price₹80 / share
Lot Size1,600 shares
Min. Investment (Retail)₹2,56,000 (2 Lots)
Issue Size₹28.29 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Bigshare Services Pvt.Ltd.
📞 8657578989 / 8069219065
[email protected]
Lead Manager
Smart Horizon Capital Advisors Pvt.Ltd.
📍 Registered Address
Carver Roboweld Ltd.
Office no. 1403, Space Odyssey,
Near KKV Hall, 150 Feet Ring Road,
Mota Mava, Rajkot, Gujarat — 360005
📞 9727797000
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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