1,093 Views| 23 Oct 2026
Carver Roboweld IPO Details
Issue Date
28 Oct - 30 Oct'26
Price Band
₹76 - ₹80
Lot Size
1600 Shares
IPO Size
₹28 Cr
Listing At
BSE
Overall Subscription
--x
Schedule of Carver Roboweld IPO
IPO Open Date
28/10/2026
IPO Close Date
30/10/2026
Basis of Allotment
02/11/2026
Refund Initiation
02/11/2026
Credit of Shares
02/11/2026
Listing on exchange
04/11/2026
About Carver Roboweld IPO
Carver Roboweld IPO, an SME IPO, opens on October 28, 2026 and closes on October 30, 2026. The allotment of shares will take place on November 02, 2026. The listing of shares will take place on November 04, 2026 on the BSE SME platform.
Carver Roboweld IPO's price band is set at ₹76 to ₹80 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor is ₹2,56,000 (3,200 shares) based on the upper price.
The offer consists of a fresh issue component. The fresh issue will include 35,36,000 shares aggregating up to ₹27 crore.
Carver Roboweld Limited is engaged in the manufacturing of welding consumables, including metal cored wires, welding rods, and gouging electrodes, catering to diverse industrial applications.
Carver Roboweld IPO Objectives
The Company proposes to utilise the net proceeds of the fresh issue towards the following objects:
- Proposed capital expenditure for procurement of industrial welding robots.
- Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company.
- General corporate purposes.
Carver Roboweld IPO Application Details
Detail | Information |
|---|---|
Upper Price Band | ₹80 |
Fresh Issue | 35,36,000 shares aggregating up to ₹28 crore |
EPS (Diluted) (in ₹) for FY 26 | 3.78 |
Carver Roboweld IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Individual investors (IND) (Min) | 2 | 3200 | ₹2,56,000 |
Individual investors (IND) (Max) | 2 | 3200 | ₹2,56,000 |
S-HNI (Min) | 3 | 4800 | ₹3,84,000 |
S-HNI (Max) | 7 | 11200 | ₹8,96,000 |
B-HNI (Min) | 8 | 12800 | ₹10,24,000 |
Carver Roboweld Limited IPO Shares Offered and Reservation
Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail Individual Investors (RIIs) | Not less than 35% of the net offer |
Carver Roboweld Anchor Investor Bidding Date
Tuesday, October 27, 2026
About Carver Roboweld Limited
The company was originally incorporated as 'Carver Welding Private Limited' on August 04, 2009 under the Companies Act, 1956 in Gujarat. The name was subsequently changed to 'Carver Roboweld Private Limited' on May 23, 2025, and upon conversion to a public limited company, changed to 'Carver Roboweld Limited' on June 16, 2025. Its registered office is situated at Office no. 1403, Space Odyssey, Near KKV Hall, 150 Feet Ring Road, Mota Mava, Rajkot, Gujarat.
The company operates a primary manufacturing facility at Bamanbore, Rajkot, Gujarat, complemented by three regional service units located in Pune (Maharashtra), Hosur (Tamil Nadu), and Ludhiana (Punjab). Its domestic customer footprint spans 14 states across India, supported by an established operational workforce and technical teams across these strategically positioned hubs.
Company Financials
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Revenue from Operations (Cr) | 27.02 | 24.86 | 21.67 |
Total Equity and Liabilities (Cr) | 38.26 | 32.69 | 21.59 |
Return on Net Worth (%) | 21.57 | 31.80 | 32.52 |
Note: All financial figures are in ₹ crore and are presented on a standalone basis. Figures in () indicate negative values.
Strengths
- Experienced Promoter and management team with extensive domain knowledge in the welding industry.
- Strategically located manufacturing facility and service units enabling rapid response and seamless customer support.
- Strategic market coverage across domestic industrial regions in northern, western, and southern India.
- Focus on consistently meeting customer specifications and stringent quality standards.
- Robot rental model enabling long-term customer engagement and generating stable recurring revenue through consumable tie-ins.
Risks
- High customer concentration, with the top 10 customers contributing 80.78% of revenue from operations in Fiscal 2026.
- Entire revenue from operations is derived from customers operating in the forging industry, exposing the business to sector-specific downturns.
- Supplier concentration risk, with top 10 suppliers accounting for 92.43% of total purchases in Fiscal 2026.
- A significant portion of operational revenue is geographically concentrated in Karnataka, Maharashtra, and Tamil Nadu.
- The company has experienced negative cash flows from operating, investing, and financing activities in certain prior periods.
Profit & Loss
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 27.12 | 24.97 | 21.67 |
Profit Before Tax | 4.79 | 2.07 | 1.41 |
Profit After Tax | 3.48 | 1.45 | 1.01 |
EPS (Diluted) (₹) | 3.78 | 1.69 | 1.18 |
EBITDA | 8.36 | 4.92 | 4.12 |
Note: All financial figures are in ₹ crore and are presented on a standalone basis. Figures in () indicate negative values.
Balance Sheet
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Profit Before Tax | 4.79 | 2.07 | 1.41 |
Net Cash from Operating Activities | (2.65) | 2.69 | 3.69 |
Net Cash from Investing Activities | (6.04) | (1.18) | (2.81) |
Net Cash from Financing Activities | (0.62) | 7.68 | (0.76) |
Cash & Cash Equivalents | 0.07 | 9.38 | 0.19 |
Note: All financial figures are in ₹ crore and are presented on a standalone basis. Figures in () indicate negative values.
Business Model
The company operates an integrated business model combining the manufacturing of welding consumables with equipment rental and engineering maintenance services. It owns a fleet of welding robots deployed at client facilities on long-term rental agreements, which creates recurring rental revenue while requiring clients to exclusively consume the company's proprietary welding consumables such as metal-cored wires throughout the lease tenure. The company also offers forging die regeneration and turnkey refurbishment services through its network and wholly owned subsidiary.
Growth Trajectory
Carver Roboweld Limited's Total Income for FY 26 was ₹27.12 crore, whereas in FY 25 and FY 24 it was ₹24.97 crore and ₹21.67 crore, respectively.
The Profit After Tax for FY 26 was ₹3.48 crore, whereas in FY 25 and FY 24 it was ₹1.45 crore and ₹1.01 crore, respectively.
Their EBITDA for FY 26 was ₹8.36 crore, whereas in FY 25 and FY 24 it was ₹4.92 crore and ₹4.12 crore, respectively.
Market Position
The company operates a primary manufacturing facility at Bamanbore, Rajkot, Gujarat, complemented by three regional service units located in Pune (Maharashtra), Hosur (Tamil Nadu), and Ludhiana (Punjab). Its domestic customer footprint spans 14 states across India, supported by an established operational workforce and technical teams across these strategically positioned hubs.
As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹27.12 crore, ₹3.48 crore, and ₹8.36 crore, respectively.
Industry Outlook
The Indian welding consumables and industrial automation market is driven by expanding capital expenditure and manufacturing activity across core industrial sectors, including forging, automotive, infrastructure, steel, and capital goods.
Domestic manufacturers of welding consumables are gaining market share by offering competitive pricing, technical customization, and shorter delivery cycles, challenging multinational corporations in specialized industrial applications.
The growing adoption of automation, robotics, and energy-efficient welding technologies in fabrication and forging is driving recurring demand for specialized cored wires and mechanized welding equipment solutions across India.
Peer Comparison
Company Name | Revenue from Operations (Cr) | P/E ratio | EPS (Diluted) (₹) | NAV per share (₹) |
|---|---|---|---|---|
Carver Roboweld | 27.02 | — | 3.78 | 16.86 |
Royal Arc Electrodes Limited | 116.06 | 18.18 | 9.05 | 73.21 |
Diffusion Engineers Limited | 354.20 | 34.52 | 11.98 | 102.73 |
Notes:
- All financial information for listed industry peers is on an audited standalone basis for the financial year ended March 31, 2026.
- P/E Ratio has been computed based on the closing market price of equity shares on BSE or NSE on October 16, 2026.
Carver Roboweld IPO Registrar Details & Book Managers
Registrar Details
Registrar: Bigshare Services Private Limited
Phone: 022 - 6263 8200
Email: ipo@bigshareonline.com
Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited
Company Contact Details
Office no. 1403, Space Odyssey, Near KKV Hall, 150 Feet Ring Road, Mota Mava,
Rajkot-360005, Gujarat, India
Phone: +91 9727797000
Email: investor@carver.co.in
How to Apply for Carver Roboweld IPO?
- Log in to your Kotak Neo account on the app/web and go to the "IPO" section.
- Select the IPO to review details such as the price band and issue size.
- Tap "Apply for IPO", select your category, and enter lots and bid price or choose the cut-off option.
- Enter your valid UPI ID or choose ASBA to block funds in your linked bank account.
- Submit the application and approve the mandate request sent to your UPI app to block funds.
Carver Roboweld IPO FAQs
The Carver Roboweld IPO opens for subscription from 28-10-2026 to 30-10-2026, with a total issue size of ₹28 Cr. The IPO price band is ₹76 to ₹80 per share with a lot size of 3200. The company aims to list the shares on BSE & NSE on 04-11-2026.
The Carver Roboweld IPO will open for subscription on 28-10-2026 and will close on 30-10-2026 for investors.
The lot size of Carver Roboweld IPO is 3200 equity shares, requiring a minimum investment of ₹128000/2 Lots for retail investors applying in the IPO.
The price band of the Carver Roboweld IPO has been fixed at ₹76 to ₹80 per equity share.
You can apply for the Carver Roboweld IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Carver Roboweld IPO allotment will take place on 02-11-2026.
You can check the Carver Roboweld IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Carver Roboweld shares will list on the stock exchanges on 04-11-2026.
You can find detailed information about the Carver Roboweld IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
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This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Neo Research Team, nor is it a report published by the Kotak Neo Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.
