Carver Roboweld IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 28 to Oct 30 2026
Price Band
₹76 - 80
Current GMP
₹90.0 (+12.50%)
Subscription
25.80 times
IPO Details
| IPO Date | 28 to 30 Oct, 2026 |
| Listing Date | Wed, Nov 4, 2026 |
| Face Value | 10 per share |
| Price Band | 76 to 80 |
| Issue Price | 80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,36,000 shares (agg. up to ₹ 28.29 Cr) |
| Reserved for Market Maker | 1,77,600 shares (agg. up to ₹ 1 Cr) Shreni Shares Ltd. |
| Fresh Issue (Ex Market Maker) | 33,58,400 shares (agg. up to ₹ 26.87 Cr) |
| Net Offered to Public | 33,58,400 shares (agg. up to ₹ 26.87 Cr) |
| Share Holding Pre Issue | 95,66,805 shares |
| Share Holding Post Issue | 1,31,02,805 shares |
| BSE Script Code | 545015 |
| ISIN | INE1FY301017 |
IPO Date
28 to 30 Oct, 2026
Listing Date
Wed, Nov 4, 2026
Face Value
10 per share
Price Band
76 to 80
Issue Price
80 per share
Lot Size
1,600 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
35,36,000 shares (agg. up to ₹ 28.29 Cr)
Reserved for Market Maker
1,77,600 shares (agg. up to ₹ 1 Cr) Shreni Shares Ltd.
Fresh Issue (Ex Market Maker)
33,58,400 shares (agg. up to ₹ 26.87 Cr)
Net Offered to Public
33,58,400 shares (agg. up to ₹ 26.87 Cr)
Share Holding Pre Issue
95,66,805 shares
Share Holding Post Issue
1,31,02,805 shares
BSE Script Code
545015
ISIN
INE1FY301017
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 26.33 |
| NII*** | 40.39 |
| bNII (> ₹10L) | 47.38 |
| sNII (< ₹10L) | 26.50 |
| Individual Investors | 19.17 |
| Total ** | 25.80 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
26.33
NII***
40.39
bNII (> ₹10L)
47.38
sNII (< ₹10L)
26.50
Individual Investors
19.17
Total **
25.80
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Oct 2 8 (Day 1) | 0.00 | 0.69 | 0.96 | 0.17 | 0.21 | 0.25 |
| Oct 2 9 (Day 2) | 0.00 | 2.31 | 2.93 | 1.06 | 0.65 | 0.83 |
| Oct 3 0 (Day 3) | 26.33 | 40.39 | 47.38 | 26.50 | 19.17 | 25.80 |
DayOct 2
8 (Day 1)
QIB (Ex Anchor)0.00
NII*0.69
NII (> ₹10L)0.96
NII (< ₹10L)0.17
Individual Investors0.21
Total0.25
DayOct 2
9 (Day 2)
QIB (Ex Anchor)0.00
NII*2.31
NII (> ₹10L)2.93
NII (< ₹10L)1.06
Individual Investors0.65
Total0.83
DayOct 3
0 (Day 3)
QIB (Ex Anchor)26.33
NII*40.39
NII (> ₹10L)47.38
NII (< ₹10L)26.50
Individual Investors19.17
Total25.80
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 04-11-2026 | 80 | 4 (5.00%) | 84 |
| 03-11-2026 | 80 | 4 (5.00%) | 84 |
| 02-11-2026 | 80 | 5 (6.25%) | 85 |
| 01-11-2026 | 80 | 5 (6.25%) | 85 |
| 31-10-2026 | 80 | 5 (6.25%) | 85 |
| 30-10-2026 | 80 | 5 (6.25%) | 85 |
GMP Date04-11-2026
IPO Price80
GMP4 (5.00%)
Est. Listing Price84
GMP Date03-11-2026
IPO Price80
GMP4 (5.00%)
Est. Listing Price84
GMP Date02-11-2026
IPO Price80
GMP5 (6.25%)
Est. Listing Price85
GMP Date01-11-2026
IPO Price80
GMP5 (6.25%)
Est. Listing Price85
GMP Date31-10-2026
IPO Price80
GMP5 (6.25%)
Est. Listing Price85
GMP Date30-10-2026
IPO Price80
GMP5 (6.25%)
Est. Listing Price85
IPO Important Dates
| IPO Open | Wed, Oct 28, 2026 |
| IPO Close | Fri, Oct 30, 2026 |
| Allotment | Mon, Nov 2, 2026 |
| Refund | Mon, Nov 2, 2026 |
| Credit of Shares | Tue, Nov 3, 2026 |
| Listing | Wed, Nov 4, 2026 |
IPO Open
Wed, Oct 28, 2026
IPO Close
Fri, Oct 30, 2026
Allotment
Mon, Nov 2, 2026
Refund
Mon, Nov 2, 2026
Credit of Shares
Tue, Nov 3, 2026
Listing
Wed, Nov 4, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3200 | ₹2,56,000 |
| Individual investors (IND) (Max) | 2 | 3200 | ₹2,56,000 |
| S-HNI (Min) | 3 | 4800 | ₹3,84,000 |
| S-HNI (Max) | 7 | 11200 | ₹8,96,000 |
| B-HNI (Min) | 8 | 12800 | ₹10,24,000 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares3200
Amount₹2,56,000
ApplicationIndividual investors (IND) (Max)
Lots2
Shares3200
Amount₹2,56,000
ApplicationS-HNI (Min)
Lots3
Shares4800
Amount₹3,84,000
ApplicationS-HNI (Max)
Lots7
Shares11200
Amount₹8,96,000
ApplicationB-HNI (Min)
Lots8
Shares12800
Amount₹10,24,000
Financial Information
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 39.45 | 38.26 | 32.69 | 21.59 |
| Total Income | 7.71 | 27.12 | 24.97 | 21.67 |
| Profit After Tax | 1.49 | 3.48 | 1.45 | 1.01 |
| EBITDA | 2.84 | 8.36 | 4.92 | 4.12 |
| NET Worth | 17.62 | 16.13 | 4.56 | 3.11 |
| Reserves and Surplus | 9.62 | 8.42 | 3.61 | 2.16 |
| Total Borrowing | 12.27 | 15.65 | 22.32 | 13.39 |
Period EndedAssets
30 Jun 202639.45
31 Mar 202638.26
31 Mar 202532.69
31 Mar 202421.59
Period EndedTotal Income
30 Jun 20267.71
31 Mar 202627.12
31 Mar 202524.97
31 Mar 202421.67
Period EndedProfit After Tax
30 Jun 20261.49
31 Mar 20263.48
31 Mar 20251.45
31 Mar 20241.01
Period EndedEBITDA
30 Jun 20262.84
31 Mar 20268.36
31 Mar 20254.92
31 Mar 20244.12
Period EndedNET Worth
30 Jun 202617.62
31 Mar 202616.13
31 Mar 20254.56
31 Mar 20243.11
Period EndedReserves and Surplus
30 Jun 20269.62
31 Mar 20268.42
31 Mar 20253.61
31 Mar 20242.16
Period EndedTotal Borrowing
30 Jun 202612.27
31 Mar 202615.65
31 Mar 202522.32
31 Mar 202413.39
Key Performance Indicator
| ROE | 33.63% |
| ROCE | 21.64% |
| Debt/Equity | 0.97 |
| RoNW | 21.57% |
| PAT Margin | 12.87% |
| EBITDA Margin | 30.94% |
| NAV | 17.54 |
| P/B (x) |
ROE
33.63%
ROCE
21.64%
Debt/Equity
0.97
RoNW
21.57%
PAT Margin
12.87%
EBITDA Margin
30.94%
NAV
17.54
P/B (x)
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| - Standalone | 3.78 | 3.78 | 16.86 | 21.57 | Standalone | |
| - Consolidated | 5.80 | 5.80 | 18.80 | 29.67 | Consolidated | |
| Royal Arc Electrodes | 9.05 | 9.05 | 73.21 | 18.18 | 12.36 | |
| Diffusion Engineers | 11.98 | 11.98 | 102.73 | 34.52 | 11.61 | |
| Classic Electrodes (India) | 7.04 | 7.04 | 52.99 | 7.03 | 13.28 |
Company Name- Standalone
EPS (Basic)3.78
EPS (Diluted)3.78
NAV (₹ per share)16.86
P/E (x)
RoNW (%)21.57
Financial statementsStandalone
Company Name- Consolidated
EPS (Basic)5.80
EPS (Diluted)5.80
NAV (₹ per share)18.80
P/E (x)
RoNW (%)29.67
Financial statementsConsolidated
Company NameRoyal Arc Electrodes
EPS (Basic)9.05
EPS (Diluted)9.05
NAV (₹ per share)73.21
P/E (x)18.18
RoNW (%)12.36
Financial statements
Company NameDiffusion Engineers
EPS (Basic)11.98
EPS (Diluted)11.98
NAV (₹ per share)102.73
P/E (x)34.52
RoNW (%)11.61
Financial statements
Company NameClassic Electrodes (India)
EPS (Basic)7.04
EPS (Diluted)7.04
NAV (₹ per share)52.99
P/E (x)7.03
RoNW (%)13.28
Financial statements
IPO Reservation
| QIB | 16,65,600 |
| − Anchor Investor | 9,96,800 |
| − QIB (Ex. Anchor) | 6,68,800 |
| NII (HNI) | 5,12,000 |
| − bNII > ₹10L | 3,40,800 |
| − sNII < ₹10L | 1,71,200 |
| Retail | 11,80,800 |
| Market Maker | 1,77,600 |
| Total | 35,36,000 |
QIB
16,65,600
− Anchor Investor
9,96,800
− QIB (Ex. Anchor)
6,68,800
NII (HNI)
5,12,000
− bNII > ₹10L
3,40,800
− sNII < ₹10L
1,71,200
Retail
11,80,800
Market Maker
1,77,600
Total
35,36,000
Information about company
Incorporated in August 2009, Carver Roboweld Limited is engaged in the manufacturing of welding consumables, including Metal Cored Wires, Welding Rods and Gauging Electrodes, along with the supply of welding spare parts and accessories. The Company has also expanded its offerings to provide value-added engineering solutions to the forging industry, including forging die regeneration and welding robot rental services.
The Company operates its primary manufacturing facility in Bamanbore, Rajkot, Gujarat, with additional service units in Pune, Hosur and Ludhiana, enabling it to serve customers across key industrial markets in India. As of July 11, 2026, the Company had an aggregate installed production capacity of 650 tonnes per annum for Metal Cored Wires and Welding Rods, reflecting a capacity CAGR of approximately 30% between Fiscal 2025 and Fiscal 2026.
Through its subsidiary, Carver Engineering Private Limited, acquired in September 2025, the Company also provides re-conditioning and refurbishment services for plant and machinery across industries such as forging, casting, cement, steel, sugar, power, petroleum, automotive and fabrication. Its engineering services include heavy-duty machining, structural fabrication, repair and refurbishment of hammers and components, and turnkey engineering projects.
The Company has a presence across several Indian states and caters to industrial customers through its welding consumables and engineering solutions. It is ISO 9001:2015 certified and is a Sustaining Corporate Member of the American Welding Society (AWS), reflecting its focus on quality management and adherence to international welding standards.
As of June 30, 2026, the Company had 68 permanent employees and 75 contract workers.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots
2: Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions
3: General Corporate Purpose
4: Issue Expenses
: Total
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