Karbonsteel Engineering Limited
Bookbuilding IPO · BSE
- Price band
- ₹151 - ₹159
- Lot size
- 800 shares
- Issue amount
- ₹59.3 cr
- Total subscription
- 76.67×
- Opens
- 9 Sept 2025
- Closes
- 11 Sept 2025
- Allotment
- 12 Sept 2025
- Listing
- 16 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 37,29,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,800
- Fresh issue
- ₹48.33 cr
- Offer for sale
- ₹10.97 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,27,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,11,02,222
- Shares after issue
- 1,41,41,822
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,600 | ₹2,54,400 |
| sHNI | 3 | 2,400 | ₹3,81,600 |
| bHNI | 8 | 6,400 | ₹10,17,600 |
Share reservation
Subscription & GMP
Subscription by category
Reported 11 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 66 |
| NIB | 0 | 9,143 |
| RETAIL | 775 | 36,314 |
| HNIs(10L +) | 148 | 5,389 |
| HNIs (2-10L) | 74 | 3,754 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 11.26 | 1,368.96 |
| FIIs | 0 | 347.19 |
| Others | 0 | 966.53 |
| RETAIL | 19.72 | 923.83 |
| HNIs 2+ | 2.82 | 149.1 |
| HNIs 10+ | 5.65 | 582.35 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 12.78 | 9.42 | 5.11 |
| ROE | 27.19 | 25.99 | 19.51 |
| ROCE | 24.63 | 22.93 | 19.05 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12.47 | 0 | 0 |
| POST IPO(PE) | 15.88 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Karbonsteel Engineering Limited | NA | NA | 10.00 | NA | 23.45 | 12.78 |
| Atmastco Limited | 31.28 | 243.95 | 10.00 | NA | 23.45 | 12.78 |
| Goodluck India Limited | 19.32 | 978.6 | 2.00 | NA | 12.63 | 50.66 |
Company information
Company profile
Incorporated in 2011, Karbonsteel Engineering Limited is an engineering solutions provider engaged in designing, manufacturing, and supplying high-quality products across diverse industries. The company delivers structural engineering and fabrication solutions for steel plants, railway bridges, oil and gas plants, refineries, and other sectors, playing a key role in the construction, expansion, and modernization of large-scale projects. It operates two manufacturing facilities located in Gujarat and Maharashtra with a combined production capacity of 32,400 MT per year, focusing on heavy steel structures, pre-engineered buildings (PEBs), and steel bridges. Its offerings include heavy steel fabricated structures for industrial and infrastructure projects, precision fabricated steel structures requiring high accuracy for specialized applications, steel bridge structures for railway and road projects, and customized pre-engineered buildings that provide cost-effective and efficient construction solutions. As of January 31, 2025, the company employed 349 people across its locations.
Strengths
- Execution Excellence – Proven ability to deliver complex, large-scale industrial and infrastructure projects.
- Healthy Order Book – Strong and growing pipeline ensuring consistent revenue visibility.
- Advanced Manufacturing Base – Modern, high-capacity facilities enabling quality, efficiency, and scalability.
Risk factors
- Customer Dependency – Heavy reliance on a few key clients; loss of any major customer could reduce revenues and profitability.
- Execution Challenges – Project delays or cost overruns may adversely impact financial performance.
- Sector Reliance – Growth depends on industrial and infrastructure investments; slowdown in these sectors may affect business prospects.
Promoters
Shrenik Kirit Shah
Mittal Shrenik Shah
Registrar & documents
Lead manager
Seren Capital Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-8 Ratnadeep Cosmopolitan Chs Ltd, 140-141 S.V. Road, Nr. Shoppers Stop, Andheri (W), Mumbai, 400058 Mumbai, Maharashtra, 400058
+91-22- 61872821
[email protected]Company website ↗Understanding KARBON IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.