Karbonsteel Engineering IPO

Karbonsteel Engineering Limited is a leading provider of engineering solutions, specializing in designing, manufacturing, and supplying high-quality products across various industries. The company offers structural engineering and fabrication services for steel plants, railway bridges, oil & gas plants, and refineries. With manufacturing facilities in Gujarat and Maharashtra, Karbonsteel produces heavy steel structures, Pre-Engineered Buildings (PEBs), and steel bridges, with a combined capacity of 32,400 MT per year. The company’s services include heavy fabricated structures, precision steel components, steel bridge structures, and cost-effective PEB systems for industrial and commercial use.

Karbonsteel Engineering Limited IPO Overview

The Karbonsteel Engineering IPO is a book-built issue, raising ₹59.30 crores. It consists of a fresh issue of 0.30 crore shares, totaling ₹48.33 crores, and an offer for sale of 0.07 crore shares, amounting to ₹10.97 crores. The IPO opens for subscription on 8th September 2025 and closes on 10th September 2025, with allotment expected to be finalized on 11th September 2025. The shares will be listed on BSE SME, with a tentative listing date of 15th September 2025.

The price band for the IPO is set between ₹151.00 and ₹159.00 per share, with a minimum application lot size of 800 shares. Retail investors need to invest a minimum amount of ₹2,54,400 (1,600 shares) at the upper price band, while HNI investors must apply for a minimum of 3 lots (2,400 shares), totaling ₹3,81,600. Seren Capital Pvt. Ltd. is the book running lead manager, while Maashitla Securities Pvt. Ltd. serves as the registrar. The market makers for the issue are Rikhav Securities Ltd. and SS Corporate Securities Ltd.

Karbonsteel Engineering Limited IPO Details

Particulars	Details
IPO Date	9 September 2025 to 11 September 2025
Listing Date	16 September 2025
Face Value	₹10 per share
Issue Price Band	₹151 to ₹159 per share
Lot Size	800 shares
Total Issue Size	₹59.30 Crore
Fresh Issue	₹45.34 Crore (28,51,600 shares)
Offer for Sale	₹10.97 Crore (6,90,000 shares)
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Shareholding Pre Issue	1,11,02,222 shares
Shareholding Post Issue	1,41,41,822 shares
Market Maker Portion	1,88,000 shares (₹2.99 Crore)

Karbonsteel Engineering Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	1,88,000 shares (5.04%)
QIB	17,68,800 shares (47.43%)
NII (HNI)	5,32,800 shares (14.29%)
Retail	12,40,000 shares (33.25%)
Total Shares	37,29,600 shares (100%)

Karbonsteel Engineering IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	1,600	₹2,54,400
Retail (Max)	2	1,600	₹2,54,400
S-HNI (Min)	3	2,400	₹3,81,600
B-HNI (Min)	8	6,400	₹10,17,600

Karbonsteel Engineering IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	72.17%
Post-Issue	TBD

Karbonsteel Engineering Limited IPO Valuation Overview

KPI	Value
EPS	₹12.75
P/E Ratio	12.47
ROE	27.19%
ROCE	24.63%
RoNW	23.45%
PAT Margin	5.19%
EBITDA Margin	13.41%
Debt/Equity Ratio	1.30

Objectives of the Proceeds

• Expansion of Umbergaon facility with new sheds (₹12.29 crore)

• Repayment of borrowings (₹3.08 crore)

• Working capital requirements (₹25.25 crore)

• General corporate purposes

Key Financials (₹ in crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	232.76	176.14	143.76
Revenue	273.91	218.77	155.89
PAT	14.16	9.42	5.11
Reserves and Surplus	49.27	38.41	23.74
Total Borrowing	78.55	59.83	48.52