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Carver Roboweld IPO
Price Band
₹76.0–80.0
Issue Size
₹28.29 Cr
Lot Size
1,600 shares
Min Investment
₹256,000
2 LOTS MIN
GMP
—
Issue Price
₹80.0
Carver Roboweld IPO AI Summary
- Carver Roboweld IPO is upcoming on BSE SME in the Industrial Products sector.
- Price band: ₹76.0–₹80.0 per share, lot size 1,600 shares (min. investment ₹256,000, 2 lots minimum).
- Subscription window: 28 Oct–30 Oct 2026, listing on 04 Nov 2026.
Carver Roboweld Limited is preparing for its IPO with a focus on expanding its manufacturing capabilities and enhancing its financial position. The company operates in the welding consumables and engineering solutions sector, with a solid growth trajectory and a commitment to quality. Investors should consider the associated risks and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 28 Oct 2026 · in 2 days
Carver Roboweld IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 34.6% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
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. Competitive Strengths Strategically located manufacturing facility and service units. Strategic market coverage across domestic industrial markets. Focus on meeting customer specifications and quality standards. Integrated manufacturing and value-added engineering service capabilities. Experienced promoter and management team with strong welding industry expertise. Robot rental model supporting long-term customer engagement and recurring revenue.
Company Financials (₹ Cr)
As of 2026-06-30
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 39.45 | 38.26 | 32.69 | 21.59 |
| Total Income | 7.71 | 27.12 | 24.97 | 21.67 |
| Profit After Tax | 1.49 | 3.48 | 1.45 | 1.01 |
| EBITDA | 2.84 | 8.36 | 4.92 | 4.12 |
| NET Worth | 17.62 | 16.13 | 4.56 | 3.11 |
| Reserves and Surplus | 9.62 | 8.42 | 3.61 | 2.16 |
| Total Borrowing | 12.27 | 15.65 | 22.32 | 13.39 |
Key Ratios
EPS
₹3.64
NAV
₹18.42
ROE
8.48%
ROCE
8.27%
RoNW
8.48%
P/B Value
4.34
P/E Ratio
21.98
Market Cap
₹104.82 Cr
PAT Margin
19.37%
Debt/Equity
0.70
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Classic Electrodes (India) | 52.99 | 13.28% | 7.03 | 7.04 | 7.04 |
| Diffusion Engineers | 102.73 | 11.61% | 34.52 | 11.98 | 11.98 |
| Royal Arc Electrodes | 73.21 | 12.36% | 18.18 | 9.05 | 9.05 |
| - Consolidated | 18.8 | 29.67% | — | 5.8 | 5.8 |
| - Standalone This IPO | 16.86 | 21.57% | — | 3.78 | 3.78 |
Promoters
Ranjit Chandrabhai Bose, Rajit Chandra Bose, Deval Ranjitbhai Bose
Objects of the Issue
# | Issue Objects | Est Amt (₹ Cr.) 1 | Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots | 11.99 2 | Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions | 8.60 3 | General Corporate Purpose | | Total | 20.59
IPO Evaluation
Generated 24 Oct 2026Revenue Trend
Total income was ₹21.67 Cr in the period ending 31 Mar 2024, rising to ₹24.97 Cr by 31 Mar 2025, and further increasing to ₹27.12 Cr by 31 Mar 2026. However, the most recent figure of ₹7.71 Cr as of 30 Jun 2026 reflects only a 9-month period, making it not directly comparable to the full fiscal years.
Profit Trend
Profit After Tax was ₹1.01 Cr in the period ending 31 Mar 2024, which increased to ₹1.45 Cr by 31 Mar 2025, and further rose to ₹3.48 Cr by 31 Mar 2026. The latest figure of ₹1.49 Cr as of 30 Jun 2026 is also a 9-month figure, not directly comparable to the prior full year.
Valuation
At the issue price of ₹80.0, the implied P/E ratio is 21.98 based on an EPS of ₹3.64. This is higher than peers such as Classic Electrodes (India) at a P/E of 7.03, Diffusion Engineers at 34.52, and Royal Arc Electrodes at 18.18.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price compared to the issue price, reflecting demand and market sentiment. A higher GMP suggests strong demand, while a lower GMP may indicate weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term investment horizon typically weigh IPOs like this against their overall portfolio strategy, considering factors such as market conditions and company fundamentals.
Who May Want to Wait
Those who prefer stable investments with lower risk may want to avoid IPOs in sectors with high volatility, such as industrial products, especially if they are not comfortable with the inherent risks associated with new market entrants.
IPO Timeline, Explained
The IPO process includes several key dates: it opens for subscription on 28 October 2026 and closes on 30 October 2026. Allotment of shares is scheduled for 2 November 2026, with the listing date set for 4 November 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor might make when shares are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed and can be influenced by various factors including market conditions, investor sentiment, and overall demand for the stock. Investors should be aware of the risks associated with potential volatility on listing day.
This evaluation is generated from Carver Roboweld's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Carver Roboweld IPO?
The price band of Carver Roboweld IPO is ₹76.0–₹80.0 per share.
When does Carver Roboweld IPO open and close?
Carver Roboweld IPO opens on 28 October 2026 and closes on 30 October 2026.
When does Carver Roboweld IPO list on the stock exchange?
Carver Roboweld IPO is scheduled to list on 04 November 2026, with an estimated listing price of ₹80.0 based on current GMP.
What is the lot size for Carver Roboweld IPO?
The lot size for Carver Roboweld IPO is 1600 shares, requiring a minimum investment of ₹256,000 (2 lots).
What is the TopFund Listing Data Indicator for Carver Roboweld?
Carver Roboweld's Listing Data Indicator score is 42/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹76.0 to ₹80.0.
What is the minimum investment required?
The minimum investment required is ₹256,000.
What is the lot size for this IPO?
The lot size for this IPO is 1,600 shares.
When is the listing date for the shares?
The listing date is set for 4 November 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Oct 2026
Close
30 Oct 2026
Allotment
02 Nov 2026
Listing
04 Nov 2026
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