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28 Oct, 2025
Karbonsteel Engineering IPO
Karbonsteel Engineering IPO set to open on Sep 8, 2025 and closes on Sep 10, 2025 with the price band set at ₹151.00 to ₹159.00 per share and with face value of ₹10 per share. Karbonsteel Engineering IPO has an issue size of ₹59.30 crores through a mix of fresh issue of 0.30 crores shares aggregating to ₹48.33 crores and OFS of 0.07 crore shares aggregating to ₹10.97 crores.The lot size is 800 with category allocation of 5.04% for Market maker shares, 47.43% for QIB, 14.29% for NII and 33.25% for retail shares offered. As per the tentative listing dates, the basis of allotment will be made on Sep 11, 2025, refunds and credit to account on Sep 12, 2025 & listing on BSE SME on Sep 15, 2025.
Company Background
Karbonsteel Engineering Limited, registered in 2011 is a trusted engineering solutions provider specializing in the design, manufacturing and supply of high-quality fabricated products. With a strong focus on structural engineering and fabrication, the company serves a wide range of industries including steel plants, railway infrastructure, oil & gas and refineries. Karbonsteel supports the construction, expansion and modernization of large-scale industrial projects by delivering reliable and efficient engineering solutions.
Operations & Product Range
Karbonsteel Engineering Limited is a leading engineering solutions provider specializing in the design, fabrication and supply of high-quality steel structures. Operating two advanced manufacturing facilities in Umbergaon, Gujarat and Khopoli, Maharashtra, the company delivers over 3,500 MT of fabricated products monthly. Its diverse product range includes heavy structural components, precision-engineered plant structures, steel bridge elements, pre-engineered buildings (PEBs) and pipe fabrication services. The company has a total workforce of 349 employees across locations.
Facility & Production
Karbonsteel Engineering Limited operates two advanced steel-fabrication facilities, in Umbergaon, Gujarat and in Khopoli, Maharashtra. Equipped with advanced machinery including CNC plasma and oxy-fuel cutting, CNC drilling, robotic saw welding, FCAW and GMAW welding systems and rolling machines both units undertake a full spectrum of structural fabrication tasks Karbon Steel.
Brands & Market Presence
Karbonsteel Engineering Limited has grown its brand & market presence by aligning with high-profile infrastructure and industrial projects under the “Make in India” initiative. It has served major sectors such as steel, oil & gas, infrastructure and railways and has contributed to major projects like the Mumbai-Ahmedabad High-Speed Rail corridor, demonstrating its expertise in handling complex, large-scale fabrication assignments.
Revenue Channels
- Earns significantly from designing and manufacturing heavy structural components for industrial plants, refineries and infrastructure projects.
- Revenue is driven by the fabrication of large-scale steel bridge components, particularly for railway and highway infrastructure.
- The company earns through modular steel building solutions for warehouses, logistics hubs and industrial sheds.
- Income comes from high-tolerance, plant-specific components like process platforms, towers and equipment supports.
- Supplementary revenue is generated through precision-cut and welded pipe assemblies for the oil & gas, power and steel sectors.
Management & Shareholding
Promoters & shareholding
Karbonsteel Engineering IPO main promoters are Shrenik Kirit Shah, who serves as Managing Director and Mittal Shrenik Shah, the Whole-Time Director. All the current promoters hold 72.17% of the pre-IPO capital of the company together.
Board Members
The board of directors of Karbonsteel Engineering IPO has Shrenik Kirit Shah, Managing Director, Mittal Shrenik Shah, Whole-Time Director, Saurabh Bhansali, Non-Executive Director, Mihen Jyotindra Halani, Independent Director and Sunil Kathariya, Independent Director.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Karbonsteel Engineering IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Karbonsteel Engineering IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 8, 2025 to September 10, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹151 to ₹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 |
Karbonsteel Engineering IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Sep 8, 2025 |
| IPO Close Date | Wed, Sep 10, 2025 |
| Tentative Allotment | Thu, Sep 11, 2025 |
| Initiation of Refunds | Fri, Sep 12, 2025 |
| Credit of Shares to Demat | Fri, Sep 12, 2025 |
| Tentative Listing Date | Mon, Sep 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 10, 2025 |
Karbonsteel Engineering 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 |
Karbonsteel Engineering IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 72.17% |
| Promoter Holding Post Issue | 2 |
Competitive Strength:
- ● Possesses proven capabilities to execute large-scale industrial and infrastructure projects with precision and efficiency.
- ● Maintains a strong and growing order book, reflecting sustained client demand and business momentum.
- ● Equipped with in-house manufacturing and quality testing facilities to ensure control, consistency and timely delivery.
- ● Enjoys long-standing, trust-based relationships with clients, leading to repeat business and customer loyalty.
Karbonsteel Engineering IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 232.76 | 273.91 | 14.16 | 60.37 | 78.55 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 176 | 219 | 9 | 44 | 59.83 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 143.76 | 155.89 | 5.11 | 28.74 | 48.52 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.19% |
| ROCE | 24.63% |
| Debt/Equity | 1.3 |
| 1.3 | 23.45% |
| PAT Margin | 5.19% |
| EBITDA Margin | 13.41% |
| Price to Book Value | 2.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objectives of Karbonsteel Engineering IPO
- An amount of ₹12.29 crore will be utilized to fund capital expenditure for expanding the existing Umbergaon facility through the construction of new sheds.
- ₹3.08 crore is allocated for the repayment of a portion of the company’s existing borrowings to reduce financial liabilities.
- ₹25.25 crore will be used to meet the company’s working capital requirements, supporting daily operations and business growth.
- The remaining funds will be deployed towards general corporate purposes, ensuring overall business efficiency and strategic flexibility.
Conclusion
Karbonsteel Engineering IPO stands out as a strong and growing player in the structural engineering and fabrication space, with strong manufacturing capabilities, a diversified product portfolio and a solid track record of executing complex industrial and infrastructure projects. With its upcoming IPO opening from September 8 to September 10, 2025, the company aims to further strengthen its financial position and fuel future growth. The IPO presents an opportunity for investors to participate in a company with a clear strategic vision, proven execution capabilities and strong market presence.
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Frequently asked Questions (FAQs )
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1. What does Karbonsteel Engineering Limited do and which industries does it serve?
Karbonsteel Engineering Limited is an engineering solutions provider specializing in the design, fabrication and supply of high-quality steel structures. It serves a variety of sectors including steel plants, railways, oil & gas, infrastructure and refineries.
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2. On which stock exchange will Karbonsteel Engineering shares be listed post-IPO?
Post-IPO, the equity shares of Karbonsteel Engineering Limited will be listed on the BSE SME platform on September 15, 2025.
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3. Who are the promoters and what is their holding pre-IPO?
The promoters of the company are Shrenik Kirit Shah (Managing Director) and Mittal Shrenik Shah (Whole-Time Director). They collectively hold 72.17% of the company’s pre-IPO capital.
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4. When is the IPO allotment and listing expected?
The basis of allotment will be announced on September 11, 2025, refunds and credit to demat accounts on September 12, 2025 and the stock is expected to list on the BSE SME platform on September 15, 2025.
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5. What is the allocation structure of the IPO across investor categories?
The IPO shares are allocated as follows: 5.04% for Market Makers, 47.43% for Qualified Institutional Buyers (QIBs), 14.29% for Non-Institutional Investors (NIIs) and 33.25% for Retail Individual Investors (RIIs).
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