Karbonsteel Engineering IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 09 to Sep 11 2025
Price Band
₹151 - 159
Current GMP
₹185.10(+16.42%)
Subscription
76.59 times
IPO Details
| IPO Date | September 9, 2025 to September 11, 2025 |
| Listing Date | September 16, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹151 to ₹159 per share |
| Issue Price Final | ₹159 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 37,29,600 shares (aggregating up to ₹59.30 Cr) |
| Reserved for Market Maker | 1,88,000 shares (aggregating up to ₹2.99 Cr)SS Corporate Securities Ltd. Rikhav Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 28,51,600 shares (aggregating up to ₹45.34 Cr) |
| Offer for Sale | 6,90,000 shares of ₹10 (aggregating up to ₹10.97 Cr) |
| Net Offered to Public | 35,41,600 shares (aggregating up to ₹56.31 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,11,02,222 shares |
| Share Holding Post Issue | 1,41,41,822 shares |
IPO Date
September 9, 2025 to September 11, 2025
Listing Date
September 16, 2025
Face Value
₹10 per share
Issue Price Band
₹151 to ₹159 per share
Issue Price Final
₹159 per share
Lot Size
800 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
37,29,600 shares (aggregating up to ₹59.30 Cr)
Reserved for Market Maker
1,88,000 shares (aggregating up to ₹2.99 Cr)SS Corporate Securities Ltd. Rikhav Securities Ltd.
Fresh Issue (Ex Market Maker)
28,51,600 shares (aggregating up to ₹45.34 Cr)
Offer for Sale
6,90,000 shares of ₹10 (aggregating up to ₹10.97 Cr)
Net Offered to Public
35,41,600 shares (aggregating up to ₹56.31 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
1,11,02,222 shares
Share Holding Post Issue
1,41,41,822 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 121.61 |
| Non-Institutional Buyers*** | 85.99 |
| bNII (bids above ₹10L) | 102.58 |
| sNII (bids below ₹10L) | 52.80 |
| Individual Investors (IND category bidding for 2 Lots) | 46.84 |
| Total ** | 76.59 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
121.61
Non-Institutional Buyers***
85.99
bNII (bids above ₹10L)
102.58
sNII (bids below ₹10L)
52.80
Individual Investors (IND category bidding for 2 Lots)
46.84
Total **
76.59
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 9, 2025 | 0.28 | 2.42 | 3.18 | 0.90 | 0.69 | 0.94 |
| Day 2 Sep 10, 2025 | 4.11 | 4.82 | 6.14 | 2.19 | 2.47 | 3.45 |
| Day 3 Sep 11, 2025 | 121.61 | 85.99 | 102.58 | 52.80 | 46.84 | 76.59 |
DayDay 1
Sep 9, 2025
QIB (Ex Anchor)0.28
NII*2.42
NII (> ₹10L)3.18
NII (< ₹10L)0.90
Individual Investors0.69
Total0.94
DayDay 2
Sep 10, 2025
QIB (Ex Anchor)4.11
NII*4.82
NII (> ₹10L)6.14
NII (< ₹10L)2.19
Individual Investors2.47
Total3.45
DayDay 3
Sep 11, 2025
QIB (Ex Anchor)121.61
NII*85.99
NII (> ₹10L)102.58
NII (< ₹10L)52.80
Individual Investors46.84
Total76.59
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 16-09-2025 | 159.00 | 25(15.72%) | 184 |
| 15-09-2025 | 159.00 | 25(15.72%) | 184 |
| 14-09-2025 | 159.00 | 23(14.47%) | 182 |
| 13-09-2025 | 159.00 | 23(14.47%) | 182 |
| 12-09-2025 | 159.00 | 23(14.47%) | 182 |
| 11-09-2025 | 159.00 | 21(13.21%) | 180 |
| 10-09-2025 | 159.00 | 26(16.35%) | 185 |
| 09-09-2025 | 159.00 | 19.5(12.26%) | 178.5 |
| 08-09-2025 | 159.00 | 19(11.95%) | 178 |
| 07-09-2025 | 159.00 | 17(10.69%) | 176 |
| 06-09-2025 | 159.00 | 17(10.69%) | 176 |
| 05-09-2025 | 159.00 | 17(10.69%) | 176 |
| 04-09-2025 | 159.00 | 17(10.69%) | 176 |
| 03-09-2025 | 159.00 | 17(10.69%) | 176 |
| 02-09-2025 | 159.00 | 18(11.32%) | 177 |
| 01-09-2025 | 159.00 | 22(13.84%) | 181 |
| 31-08-2025 | 159.00 | 15(9.43%) | 174 |
| 30-08-2025 | 159.00 | 0(0.00%) | 159 |
Date16-09-2025
Price159.00
GMP25(15.72%)
Estimate List Price184
Date15-09-2025
Price159.00
GMP25(15.72%)
Estimate List Price184
Date14-09-2025
Price159.00
GMP23(14.47%)
Estimate List Price182
Date13-09-2025
Price159.00
GMP23(14.47%)
Estimate List Price182
Date12-09-2025
Price159.00
GMP23(14.47%)
Estimate List Price182
Date11-09-2025
Price159.00
GMP21(13.21%)
Estimate List Price180
Date10-09-2025
Price159.00
GMP26(16.35%)
Estimate List Price185
Date09-09-2025
Price159.00
GMP19.5(12.26%)
Estimate List Price178.5
Date08-09-2025
Price159.00
GMP19(11.95%)
Estimate List Price178
Date07-09-2025
Price159.00
GMP17(10.69%)
Estimate List Price176
Date06-09-2025
Price159.00
GMP17(10.69%)
Estimate List Price176
Date05-09-2025
Price159.00
GMP17(10.69%)
Estimate List Price176
Date04-09-2025
Price159.00
GMP17(10.69%)
Estimate List Price176
Date03-09-2025
Price159.00
GMP17(10.69%)
Estimate List Price176
Date02-09-2025
Price159.00
GMP18(11.32%)
Estimate List Price177
Date01-09-2025
Price159.00
GMP22(13.84%)
Estimate List Price181
Date31-08-2025
Price159.00
GMP15(9.43%)
Estimate List Price174
Date30-08-2025
Price159.00
GMP0(0.00%)
Estimate List Price159
IPO Important Dates
| IPO Open Date | Tue, Sep 9, 2025 |
| IPO Close Date | Thu, Sep 11, 2025 |
| Tentative Allotment | Fri, Sep 12, 2025 |
| Initiation of Refunds | Mon, Sep 15, 2025 |
| Credit of Shares to Demat | Mon, Sep 15, 2025 |
| Tentative Listing Date | Tue, Sep 16, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 11, 2025 |
IPO Open Date
Tue, Sep 9, 2025
IPO Close Date
Thu, Sep 11, 2025
Tentative Allotment
Fri, Sep 12, 2025
Initiation of Refunds
Mon, Sep 15, 2025
Credit of Shares to Demat
Mon, Sep 15, 2025
Tentative Listing Date
Tue, Sep 16, 2025
Cut-off time for UPI mandate confirmation
5 PM on Thu, Sep 11, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,54,400 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹2,54,400 |
| S-HNI (Min) | 3 | 2,400 | ₹3,81,600 |
| S-HNI (Max) | 7 | 5,600 | ₹8,90,400 |
| B-HNI (Min) | 8 | 6,400 | ₹10,17,600 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,600
Amount₹2,54,400
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,600
Amount₹2,54,400
ApplicationS-HNI (Min)
Lots3
Shares2,400
Amount₹3,81,600
ApplicationS-HNI (Max)
Lots7
Shares5,600
Amount₹8,90,400
ApplicationB-HNI (Min)
Lots8
Shares6,400
Amount₹10,17,600
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 232.76 | 176.14 | 143.76 |
| Total Income | 273.91 | 218.77 | 155.89 |
| Profit After Tax | 14.16 | 9.42 | 5.11 |
| EBITDA | 36.61 | 25.79 | 16.22 |
| Net Worth | 60.37 | 43.80 | 28.74 |
| Reserves and Surplus | 49.27 | 38.41 | 23.74 |
| Total Borrowing | 78.55 | 59.83 | 48.52 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025232.76
31 Mar 2024176.14
31 Mar 2023143.76
Period EndedTotal Income
31 Mar 2025273.91
31 Mar 2024218.77
31 Mar 2023155.89
Period EndedProfit After Tax
31 Mar 202514.16
31 Mar 20249.42
31 Mar 20235.11
Period EndedEBITDA
31 Mar 202536.61
31 Mar 202425.79
31 Mar 202316.22
Period EndedNet Worth
31 Mar 202560.37
31 Mar 202443.80
31 Mar 202328.74
Period EndedReserves and Surplus
31 Mar 202549.27
31 Mar 202438.41
31 Mar 202323.74
Period EndedTotal Borrowing
31 Mar 202578.55
31 Mar 202459.83
31 Mar 202348.52
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|
| Karbonsteel Engineering Limited | 12.78 | 12.78 | 23.45 | ||
| Atmastco Limited | 7.80 | 7.80 | 31.28 | 15.15 | |
| Goodluck India Ltd | 50.66 | 50.66 | 19.32 | 12.63 |
Company NameKarbonsteel Engineering Limited
EPS (Basic)12.78
EPS (Diluted)12.78
P/E (x)
RoNW (%)23.45
Financial statements
Company NameAtmastco Limited
EPS (Basic)7.80
EPS (Diluted)7.80
P/E (x)31.28
RoNW (%)15.15
Financial statements
Company NameGoodluck India Ltd
EPS (Basic)50.66
EPS (Diluted)50.66
P/E (x)19.32
RoNW (%)12.63
Financial statements
IPO Reservation
| Market Maker Shares Offered | 1,88,000 (5.04%) |
| QIB Shares Offered | 17,68,800 (47.43%) |
| − Anchor Investor Shares Offered | 10,60,800 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 7,08,000 (18.98%) |
| NII (HNI) Shares Offered | 5,32,800 (14.29%) |
| − bNII > ₹10L | 3,55,200 (9.52%) |
| − sNII < ₹10L | 1,77,600 (4.76%) |
| Retail Shares Offered | 12,40,000 (33.25%) |
| Total Shares Offered | 37,29,600 (100.00%) |
Market Maker Shares Offered
1,88,000 (5.04%)
QIB Shares Offered
17,68,800 (47.43%)
− Anchor Investor Shares Offered
10,60,800 (28.44%)
− QIB (Ex. Anchor) Shares Offered
7,08,000 (18.98%)
NII (HNI) Shares Offered
5,32,800 (14.29%)
− bNII > ₹10L
3,55,200 (9.52%)
− sNII < ₹10L
1,77,600 (4.76%)
Retail Shares Offered
12,40,000 (33.25%)
Total Shares Offered
37,29,600 (100.00%)
Information about company
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 manufacturing facilities in Gujarat and Maharashtra, producing heavy steel structures, PEBs, and steel bridges, with a combined capacity of 32,400 MT per year.
Services Offers:
Heavy Steel Fabricated Structures: Large steel components supporting heavy loads in industrial and infrastructure projects.
Precision Fabricated Steel Structures: Customized steel components requiring high accuracy for industrial and process applications.
Steel Bridge Structures: Steel components for constructing railway and road bridges with high load-bearing capacity.
Pre-Engineered Buildings (PEBs): Customized steel systems for efficient, cost-effective industrial and commercial building construction.
As of January 31, 2025, the company had a total workforce of 349 employees across locations.
Competitive Strengths:
Capabilities to execute large-scale industrial and infrastructure projects
Strong Order Book
In-House manufacturing and testing capabilities
Strong relationship with customers
Experienced Promoters with strong management team having domain knowledge
Objectives of IPO
The Company Karbonsteel Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding of capital expenditure towards expansion of existing Umbergaon facility through construction of new sheds
12.29
2
Repayment of a portion of certain borrowings availed by the Company
3.08
3
To meet the Working Capital requirements
25.25
4
General Corporate Purpose
Disclaimer
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