Carver Roboweld IPO

Lot size and investment

Reservation

QIB

16,65,600 shares (49.60% of the Offer)

NII

5,12,000 shares (15.25% of the Offer)

Retail

11,80,800 shares (35.16% of the Offer)

Current GMP

₹3

▲+3.75%

Estimated listing price

₹83

Issue price ₹80

Highest

₹0

23 Oct

Lowest

₹0

23 Oct

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E (pre-issue)

12.85

P/E (post-issue)

17.59

EPS (₹)

4.56

RoE

33.63%

RoCE

21.64%

RoNW

21.57%

PAT Margin

12.87%

EBITDA Margin

30.94%

Debt / Equity

0.97

NAV (₹)

17.54

Pre-issue P/E uses the shares outstanding before the IPO; post-issue P/E includes the new shares. Calculated by Be IPO Ready at the issue price on profit for the period ended 30 Jun 2026, annualised.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

How Carver Roboweld plans to use the money raised, as stated in the offer document.

1. Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots₹11.99 Cr
2. 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
3. General Corporate Purpose

Carver Roboweld Limited was incorporated in August 2009. It makes welding consumables: metal cored wires, welding rods and gauging electrodes. It also supplies welding spare parts and accessories. The company has added services for the forging industry, such as forging die regeneration and welding robot rental. The robot rental model is meant to keep customers with the company for a longer time. Its main plant is at Bamanbore, Rajkot, in Gujarat. It also runs service units in Pune, Hosur and Ludhiana. On 11 July 2026 the installed capacity for metal cored wires and welding rods was 650 tonnes a year, and the company says capacity grew at about 30% a year between FY2025 and FY2026. In September 2025 the company bought Carver Engineering Private Limited. This subsidiary does re-conditioning and refurbishment of plant and machinery for forging, casting, cement, steel, sugar, power, petroleum, automotive and fabrication customers. It also does heavy-duty machining, structural fabrication and turnkey engineering projects. The company is ISO 9001:2015 certified and is a Sustaining Corporate Member of the American Welding Society. On 30 June 2026 it had 68 permanent employees and 75 contract workers. The company is promoted by Ranjit Chandrabhai Bose, Rajit Chandra Bose and Deval Ranjitbhai Bose. The issue is a fresh issue of Rs 28.29 crore on the BSE SME platform.

Promoters and shareholding

Ranjit Chandrabhai Bose, Rajit Chandra Bose and Deval Ranjitbhai Bose

Promoter holding, pre-issue

90.07%

Promoter holding, post-issue

65.77%