Carver Roboweld IPO: dates, price band, lot size and GMP
Carver Roboweld IPO opens 28 – 30 Oct 2026 on the SME, price band Band awaited, lot size awaited, no GMP reported yet. Allotment 2 Nov, listing 4 Nov.
Listing date: Carver Roboweld IPO is scheduled to list on 4 Nov on BSE SME.
Updated 22 Oct 2026, 14:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 214 IPOs on its calendar; the Carver Roboweld IPO has a price band of Band awaited, a lot of — shares and no grey-market premium reported yet as of 22 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 28 – 30 Oct 2026 |
| Price band | Band awaited |
| Subscription | — |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Smart Horizon Capital Advisors Pvt.Ltd. |
| Status | Upcoming |
Timeline
- Issue opens: 28 Oct
- Issue closes: 30 Oct
- Allotment: 2 Nov
- Refunds: 2 Nov
- Demat credit: 3 Nov
- Listing: 4 Nov
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Fresh issue (shares) | 33,58,400 |
| Total shares offered | 33,58,400 |
| Promoter holding pre-issue | 90.07% |
| Promoter holding post-issue | 0% |
| Promoters | Ranjit Chandrabhai Bose, Rajit Chandra Bose, Deval Ranjitbhai Bose |
| Lead managers | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | carverroboweld.com |
| Anchor bid date | 27 Oct 2026 |
| Anchor lock-in ends (50%) | 2 Dec 2026 |
| Anchor lock-in ends (remaining) | 31 Jan 2027 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.7% | 9,96,800 | |
| QIB | 19.9% | 6,68,800 | Not more than 50% of the Net Offer |
| NII (HNI) | 15.2% | 5,12,000 | Not less than 15% of the Offer |
| sNII | 5.1% | 1,71,200 | |
| bNII | 10.1% | 3,40,800 | |
| Retail | 35.2% | 11,80,800 | Not less than 35% of the Net Offer |
| Market Maker | 5.3% | 1,77,600 |
Key ratios as of 30 Jun 2026
| EPS (pre-issue) | ₹3.64 |
|---|---|
| EPS (post-issue) | ₹2.65 |
| RoNW | 8.48% |
| RoCE | 8.27% |
| RoE | 8.48% |
| PAT margin | 19.37% |
| EBITDA margin | 36.9% |
| NAV per share | ₹18.42 |
| Debt / equity | 0.7 |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 39.45 | 38.26 | 32.69 | 21.59 | +17% |
| Total Income | 7.71 | 27.12 | 24.97 | 21.67 | +8.6% |
| Profit After Tax | 1.49 | 3.48 | 1.45 | 1.01 | +140% |
| EBITDA | 2.84 | 8.36 | 4.92 | 4.12 | +69.9% |
| NET Worth | 17.62 | 16.13 | 4.56 | 3.11 | +253.7% |
| Reserves and Surplus | 9.62 | 8.42 | 3.61 | 2.16 | +133.2% |
| Total Borrowing | 12.27 | 15.65 | 22.32 | 13.39 | −29.9% |
About Carver Roboweld
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.
Objects of the issue
- Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots — ₹11.99 Cr
- Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions — ₹8.6 Cr
- General Corporate Purpose
Net proceeds: ₹20.59 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| - Standalone | 3.78 | 3.78 | 16.86 | — | 21.57% | Standalone |
| - Consolidated | 5.8 | 5.8 | 18.8 | — | 29.67% | Consolidated |
| Royal Arc Electrodes | 9.05 | 9.05 | 73.21 | 18.18x | 12.36% | — |
| Diffusion Engineers | 11.98 | 11.98 | 102.73 | 34.52x | 11.61% | — |
| Classic Electrodes (India) | 7.04 | 7.04 | 52.99 | 7.03x | 13.28% | — |
Notes: All the financial information for listed industry peers mentioned above is on an audited standalone basis and sourced from the results and audited financial statements of the relevant companies for the financial year 2025-26, as available on the websites of the Stock Exchanges. EPS of the company has been calculated in accordance with the Accounting Standard 20 - "Earnings per share". The face value of Equity Shares of the Company is ₹10.
Strengths (per the offer document)
- Experienced Promoter and management team — We are led by qualified and experienced Board of Directors, Key Managerial Personnel and Senior Management, who we believe have knowledge and understanding of the welding industry and have the…
- Strategically located Manufacturing Facility and Service Units — Our manufacturing facility located at Survey No.
- Strategic Market Coverage across the domestic markets — Whether supplying products or delivering services, our customer base spans across India, including states such as Karnataka, Maharashtra, Tamil Nadu, Punjab, Gujarat, Haryana, Uttarakhand, Uttar…
- Focus on consistently meeting customer specifications and quality standards — Our Company intends to focus on adhering to the customers’ specifications and quality standards.
Risk factors (as disclosed by the company)
- We derived 80.78%, 84.77% and 73.34% of our revenue from our top ten customers for the Fiscals 2026, 2025 and 2024, respectively — We are dependent on limited number of customers for majority of our revenue from operations, which expose us to a high risk of customer concentration.
- Our business involves the manufacturing of Welding Rods, Gouging Electrodes and Metal Cored Wire which is subject to raw material, process and quality controls — Our business involves the manufacturing of welding Rods, Gouging Electrodes and Metal Cored Wire, which is subject to operational and quality risks.
- Our purchases are substantially concentrated among a limited number of manufacturers and suppliers, with our top ten suppliers accounting for 92.43% — We are engaged in the manufacturing of Welding Rods, Gouging electrodes and metal cored wire requiring raw materials such as Ferro Molybdenum, Cold Rolled Steel Strips, Ferro Tungsten Powder, Nickel…
- Our entire revenue from operations is derived from customers operating in the forging industry — For the last three Fiscals, 100.00% of our revenue from operations has been derived from customers operating in the forging industry.
- Our manufacturing facility and Service units are geographically dispersed across specific regions in India — We operate one manufacturing facility and three service units across four locations in India.
- A substantial portion of our revenue from operations is geographically concentrated in Karnataka, Maharashtra and Tamil Nadu — Although we derive our revenue from operations from customers located across 12 states in India, a significant portion of our revenue from operations is derived from a limited number of geographies.
- Our operations are dependent on our manufacturing facility and service units, and any shutdown — As of the date of this Draft Red Herring Prospectus, we operate one manufacturing facility located at Bamanbore, Rajkot, Gujarat and three service units located at Pune, Hosur and Ludhiana.
- We have experienced negative cash flows from operating — We have experienced negative cash flows from operating, investing and financing activities in certain periods in the past.
From the DRHP (strengths pages 161–162, risk factors pages 29–36). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF)
Track this issue
- Carver Roboweld IPO GMP today and trend
- Carver Roboweld IPO subscription status, day by day
- Carver Roboweld IPO allotment status and how to check
Frequently asked questions
When does the Carver Roboweld IPO open and close?
The issue is scheduled for 28 – 30 Oct 2026.
What is the Carver Roboweld IPO price band?
The price band is Band awaited per share.
When will Carver Roboweld list?
The tentative listing date is 4 Nov on the SME platform.
How do I apply for the Carver Roboweld IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Carver Roboweld · as filed with SEBI · bsesme.com
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 2 Nov · ipo.bigshareonline.com
- BSE SME issues page · listing 4 Nov · bsesme.com
- Carver Roboweld company website · carverroboweld.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 22 Oct, 05:40 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Carver Roboweld IPO”, https://buyunlistedshares.com/ipo/carver-roboweld-ipo, as of 22 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 22 Oct 2026.
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