SME
IPO ·
BSE SME
Carver Roboweld Ltd
Open
Rajkot maker of welding consumables that also rents welding robots and offers engineering and refurbishment services.
Issue details
Price band
₹76 – ₹80
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,56,000
Issue size
₹28.29 Cr
Fresh issue
₹28.29 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
28 Oct 2026
Closes
30 Oct 2026
UPI mandate cut-off
5:00 PM on 30 Oct 2026
Allotment
2 Nov 2026
Refunds
2 Nov 2026
Shares in demat
3 Nov 2026
Listing
4 Nov 2026
Subscription and listing
Subscription
0.83x
Listing price
Not listed yet
Registrar
Bigshare Services Pvt Ltd
Lead manager
Smart Horizon Capital Advisors Pvt Ltd
Subscription by category
NII
2.31x
Retail
0.65x
Total
0.83x
Anchor investors
Amount raised
₹7.97 Cr
Bid date
27 Oct 2026
50% lock-in ends
2 Dec 2026
Rest lock-in ends
31 Jan 2027
Grey market premium
Latest GMP
₹0
Est. listing price
₹80 (+0.0%)
Updated
30 Oct 2026
Unofficial grey market indication sourced via Chittorgarh. GMP is not regulated, can change quickly and is not a reliable guide to listing price. Not a recommendation.
Issue structure
Shares reserved per category and share of the total issue
QIB
16,65,600
47.10%
Anchor Investor
9,96,800
28.19%
QIB (Ex. Anchor)
6,68,800
18.91%
NII
5,12,000
14.48%
bNII > ₹10L
3,40,800
9.64%
sNII < ₹10L
1,71,200
4.84%
Retail
11,80,800
33.39%
Market Maker
1,77,600
5.02%
Total
35,36,000
100.00%
Finaccle’s quick read
Avoid
Income up just 9% in FY26 while PAT jumped 140% from ₹1.45 Cr to ₹3.48 Cr, with debt/equity of 0.97 and post-issue P/E of 17.54x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Carver Roboweld makes welding consumables such as metal cored wires, welding rods and gauging electrodes, and also supplies spares, regenerates forging dies and rents out welding robots. Its main plant is in Rajkot, Gujarat, with service units in Pune, Hosur and Ludhiana. FY26 total income was ₹27.12 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
33.63%
ROCE
21.64%
Debt / equity
0.97
PAT margin
12.87%
P/E post issue
17.54x
Market cap
₹104.82 Cr
Use of IPO money
Capex for purchase of welding robots
₹11.99 Cr
Repayment/prepayment of bank and FI borrowings
₹8.60 Cr
General corporate purposes
—
Strengths
✓
Niche welding consumables plus robot rental income
✓
Service units across key industrial hubs
✓
Entirely fresh issue; part used to cut debt
✓
AWS member and ISO 9001:2015 certified
Risks to watch
!
Income grew only 9% in FY26 while PAT jumped 140%
!
Small base: PAT of ₹1.45 Cr in FY25
!
Debt/equity near 1 at 0.97
!
Net worth jumped from ₹4.56 Cr to ₹16.13 Cr just before IPO
!
Post-issue P/E of 17.54x for a ₹27 Cr revenue business
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.