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To be declared

Wed, Oct 28, 2026

IPO Close

Fri, Oct 30, 2026

Price Band

To be declared

Market Cap

To be declared

  • IPO Date
    28 to 30 Oct, 2026
  • Listing Date
    Wed, Nov 4, 2026 (T)
  • Face Value
    ₹10 per share
  • Price Band
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    35,36,000 shares (agg. up to ₹[.] Cr)
  • Reserved for Market Maker
    1,77,600 shares (agg. up to ₹[.] Cr) Shreni Shares Ltd.
  • Fresh Issue(Ex Market Maker)
    33,58,400 shares (agg. up to ₹[.] Cr)
  • Net Offered to Public
    33,58,400 shares (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    95,66,805 shares
  • Share Holding Post Issue
    1,31,02,805 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, Oct 28, 2026
  • Allotment
    Mon, Nov 2, 2026
  • Credit of Shares
    Tue, Nov 3, 2026
  • IPO Close
    Fri, Oct 30, 2026
  • Refund
    Mon, Nov 2, 2026
  • Listing
    Wed, Nov 4, 2026

Issue Reservation

Carver Roboweld IPO comprises a total issue size of 35,36,000 shares. The net offer to the public is 33,58,400 shares, after excluding 1,77,600 shares allotted on a firm basis. Of the Net offer 16,65,600 (49.60%) are allocated to QIB, 5,12,000 (15.25%) allocated to NII 11,80,800 (35.16%) allocated to RII.

Investor Category Shares % of Net Issue % of Total Issue
QIB 16,65,600 49.60% 47.10%
  − Anchor Investor 9,96,800 28.19%
  − QIB (Ex. Anchor) 6,68,800 18.91%
NII (HNI) 5,12,000 15.25% 14.48%
  − bNII > ₹10L 3,40,800 9.64%
  − sNII < ₹10L 1,71,200 4.84%
Retail 11,80,800 35.16% 33.39%
Firm Reservations
Market Maker 1,77,600 5.02%
Total 35,36,000 100.00% 100.00%

About Carver Roboweld Ltd.

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

  • Strategically located manufacturing facility and service units.
  • Strategic market coverage across domestic industrial markets.
  • Focus on meeting customer specifications and quality standards.
  • Integrated manufacturing and value-added engineering service capabilities.
  • Experienced promoter and management team with strong welding industry expertise.
  • Robot rental model supporting long-term customer engagement and recurring revenue.

Company Financials (Restated Consolidated)

Carver Roboweld Ltd.’s revenue increased by 9% and profit after tax (PAT) rose by 140% between the financial year ending with March 31, 2026 and March 31, 2025.   (Amount in ₹ Crore)

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

Note:-

Adjusted EBITDA is given.

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • 1 Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots
    11.99
  • 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
  • 3 General Corporate Purposes
  • Total
    20.59

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Jun 30, 2026
ROE 33.63% 8.48%
ROCE 21.64% 8.27%
Debt/Equity 0.97 0.70
RoNW 21.57% 8.48%
PAT Margin 12.87% 19.37%
EBITDA Margin 30.94% 36.90%
NAV 17.54 18.42

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 3.64 2.65

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 90.07%
Public 9.93%
Total 100%

Company Promoters: Ranjit Chandrabhai Bose, Rajit Chandra Bose and Deval Ranjitbhai Bose.

Carver Roboweld IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Smart Horizon Capital Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Carver Roboweld Ltd. Address
Office no. 1403, Space Odyssey
Near KKV Hall, 150 Feet Ring Road
Mota Mava
Rajkot, Gujarat, 360005

IPO FAQs

Carver Roboweld IPO is a SME IPO of 35,36,000 equity shares of the face value of ₹10. The price band and the minimum order quantity are yet to be announced.

The IPO opens on Wed, Oct 28, 2026, and closes on Fri, Oct 30, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Carver Roboweld IPO using UPI as a payment gateway. Zerodha customers can apply in Carver Roboweld IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Carver Roboweld IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Carver Roboweld IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.

The Carver Roboweld IPO opens on Wed, Oct 28, 2026 and closes on Fri, Oct 30, 2026.

Carver Roboweld IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Carver Roboweld IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Carver Roboweld IPO will be done on Monday, November 2, 2026, and the allotted shares will be credited to your demat account by Tue, Nov 3, 2026. Check the Carver Roboweld IPO allotment status.

The Carver Roboweld IPO listing date is not yet announced. The tentative date of listing is Wed, Nov 4, 2026.

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