Karbonsteel Engineering IPO
Karbonsteel Engineering IPO is a book build issue of ₹59.30 crores. The issue is a combination of fresh issue of 0.30 crore shares aggregating to ₹48.33 crores and offer for sale of 0.07 crore shares aggregating to ₹10.97 crores. Karbonsteel Engineering IPO opens for subscription on Sep 8, 2025 and closes on Sep 10, 2025. The allotment for the Karbonsteel Engineering IPO is expected to be finalized on Sep 11, 2025. Karbonsteel Engineering IPO will list on BSE SME with a tentative listing date fixed as Sep 15, 2025. Karbonsteel Engineering IPO price band is set at ₹151.00 to ₹159.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,54,400.00 (1,600 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (2,400 shares), amounting to ₹3,81,600. Seren Capital Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company areRikhav Securities Ltd., SS Corporate Securities Ltd..
Total Shares
37,29,600
Issue Size
₹59.30 Cr
Price Band
₹151 – ₹159
Lot Size
800 shares
Min. Investment
₹2,54,400
Max. Investment
₹2,54,400
Open Date
08 Sep, 2025
Close Date
10 Sep, 2025
Allotment
11 Sep, 2025
Listing
15 Sep, 2025
Max. Investment
₹2,54,400
Announced
08 Sep, 2025
Opening Date
08 Sep, 2025
Closing Date
10 Sep, 2025
Basis of Allotment
11 Sep, 2025
Initiation of Refunds
12 Sep, 2025
Credit of Shares
12 Sep, 2025
Listing Date
15 Sep, 2025
Live GMP
Est. Listing: ₹180
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Incorporated in 2011, Karbonsteel Engineering Limited is an engineering solutions provider, specializing in designing, manufacturing, and supplying high-quality products across various industries.
The company provides structural engineering and fabrication solutions for steel plants, railway bridges, oil & gas plants, refineries, and other industries, supporting construction, expansion, and modernization of large-scale projects.
The company operates two manu
Issue Breakdown
Shareholding
Dilution: 27.4% increase in shares
Karbonsteel Engineering Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 50% between the financial year ending with March 31, 2025 and March 31, 2024.
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1600 | ₹2,54,400 |
| Individual investors (Retail) (Max) | 2 | 1600 | ₹2,54,400 |
| S-HNI (Min) | 3 | 2400 | ₹3,81,600 |
| S-HNI (Max) | 7 | 5600 | ₹8,90,400 |
| B-HNI (Min) | 8 | 6400 | ₹10,17,600 |
(All values in CR)
The market capitalization of Karbonsteel Engineering IPO is ₹224.85 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 27.19 |
| ROCE | 24.63 |
| Debt/Equity | 1.30 |
| RoNW | 23.45 |
| PAT Margin | 5.19 |
| EBITDA Margin | 13.41 |
| Price to Book Value | 2.92 |
(All values in CR)
Karbonsteel Engineering IPO Strength:
Proven expertise in heavy and precision steel structures.
Strong order book with healthy visibility.
Marquee clients including reputed industrial and infrastructure companies.
In-house manufacturing and testing capabilities.
Consistent revenue and profit growth.
Improving profitability and financial ratios.
Experienced promoters with industry knowledge.
Long-term relationships with clients.
IPO proceeds focused on expansion, debt reduction, and working capital.
Karbonsteel Engineering IPO Risk:
High reliance on a few key customers.
Risk of delays or cost overruns in project execution.
No long-term contracts with raw material suppliers.
Exposure to slowdown in infrastructure and industrial spending.
Working capital intensive nature of business.
Ongoing legal proceedings may affect operations.
Operational risks like machinery breakdowns, labor issues, or shutdowns.
Future order inflows not guaranteed despite current backlog.
Karbonsteel Engineering IPO subscribed 76.59 times. The public issue subscribed 46.84 times in the individual investors category, 121.61 times in QIB (Ex Anchor), and 85.99 times in the NII category by September 11, 2025 5:04:36 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 10,60,800 | 10,60,800 | 16.87 |
| Market Maker | 1.00 | 1,88,000 | 1,88,000 | 2.99 |
| QIB (Ex Anchor) | 121.61 | 7,08,000 | 8,60,98,400 | 1 |
| Non-Institutional Buyers | 85.99 | 5,32,800 | 4,58,15,200 | 728.46 |
| bNII (bids above ₹10L) | 102.58 | 3,55,200 | 3,64,37,600 | 579.36 |
| sNII (bids below ₹10L) | 52.80 | 1,77,600 | 93,77,600 | 149.1 |
| Individual Investors (IND category bidding for 2 Lots) | 46.84 | 12,40,000 | 5,80,81,600 | 923.5 |
| Total | 76.59 | 24,80,800 | 18,99,95,200 | 3 |
Karbonsteel Engineering SME IPO last GMP is ₹21, last updated Sep 12th 2025 05:28 PM. With the price band of 159.00, Karbonsteel Engineering SME IPO's estimated listing price is ₹180 (cap price + today's GMP).The expected percentage gain/loss per share is 13.21%. >> Karbonsteel Engineering SME IPO Retail Subject to Sauda: ₹12800 The lowest GMP is ₹0.00, while the highest GMP is ₹26.00.
Last updated 12 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 12 Sep, 2025 | 159 | ₹21 | 12800 | ₹180 (13.21%) | 16800 | 12 Sep, 2025 |
| 11 Sep, 2025 | 159 | ₹21▼ | 12800 | ₹180 (13.21%) | 16800 | 11 Sep, 2025 |
| 10 Sep, 2025 | 159 | ₹26▲ | 15800 | ₹185 (16.35%) | 20800 | 10 Sep, 2025 |
| 09 Sep, 2025 | 159 | ₹19.5▲ | 11900 | ₹178.5 (12.26%) | 15600 | 09 Sep, 2025 |
| 08 Sep, 2025 | 159 | ₹19▲ | 11600 | ₹178 (11.95%) | 15200 | 08 Sep, 2025 |
| 07 Sep, 2025 | 159 | ₹17 | 10300 | ₹176 (10.69%) | 13600 | 07 Sep, 2025 |
| 06 Sep, 2025 | 159 | ₹17 | 10300 | ₹176 (10.69%) | 13600 | 06 Sep, 2025 |
| 05 Sep, 2025 | 159 | ₹17 | 10300 | ₹176 (10.69%) | 13600 | 05 Sep, 2025 |
| 04 Sep, 2025 | 159 | ₹17 | 10300 | ₹176 (10.69%) | 13600 | 04 Sep, 2025 |
| 03 Sep, 2025 | 159 | ₹17▼ | 10300 | ₹176 (10.69%) | 13600 | 03 Sep, 2025 |
| 02 Sep, 2025 | 159 | ₹18▼ | 10900 | ₹177 (11.32%) | 14400 | 02 Sep, 2025 |
| 01 Sep, 2025 | 159 | ₹22▲ | 13400 | ₹181 (13.84%) | 17600 | 01 Sep, 2025 |
| 31 Aug, 2025 | 159 | ₹15▲ | 9100 | ₹174 (9.43%) | 12000 | 31 Aug, 2025 |
| 30 Aug, 2025 | 159 | ₹0 | - | ₹159 (0.00%) | - | 30 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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