Carver Roboweld IPO: Price Band, Lot Size, Financials & Review
Carver Roboweld IPO opens on Wed, 28 Oct 2026 and closes on Fri, 30 Oct 2026.
- Open Date
- 28 Oct 2026
- Close Date
- 30 Oct 2026
Last updated
- Price band
- Not announced
- Lot size
- —
- Min. investment
- —
- Issue size
- —
Carver Roboweld IPO details
Carver Roboweld IPO is a book-building IPO on the SME segment, listing on BSE.
The issue opens on Wed, 28 Oct 2026 and closes on Fri, 30 Oct 2026. Allotment is expected on Mon, 2 Nov 2026 and listing on Wed, 4 Nov 2026.
Bigshare Services Pvt Ltd is the registrar, and Smart Horizon Capital Advisors Private Limited is the book running lead manager.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 9,96,800 | 29.68% |
| Qualified Institutions | 6,68,800 | 19.91% |
| Non-Institutional | 5,12,000 | 15.25% |
| └ BNII | 3,40,800 | 10.15% |
| └ SNII | 1,71,200 | 5.10% |
| Retail Investors | 11,80,800 | 35.16% |
| Total | 33,58,400 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Issue structure and valuation
Listed peers with positive earnings trade at a median P/E of 18.18x (3 companies).
| EPS (pre-issue) Latest earnings per share before the issue | ₹3.64 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹2.65 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 90.07% |
| Promoter holding (post-issue) | 0.00% |
Carver Roboweld Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹24.97 Cr to ₹27.12 Cr, and profit after tax rose from ₹1.45 Cr to ₹3.48 Cr. The PAT margin for 31 Mar 2026 was 12.83%.
| 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 |
| Reserve & Surplus | 9.62 | 8.42 | 3.61 | 2.16 |
| Total Borrowings | 12.27 | 15.65 | 22.32 | 13.39 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| ROE % | 8.48 | 33.63 | 37.82 | 38.83 |
| ROCE % | 8.27 | 21.64 | 13.95 | 17.05 |
| Debt / Equity | 0.70 | 0.97 | 4.89 | 4.30 |
| RoNW % | 8.48 | 21.57 | 31.80 | 32.52 |
| Pat Margin % | 19.37 | 12.87 | 5.84 | 4.67 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Carver Roboweld Ltd (Standalone) | 10 | — | 3.78 | 3.78 | 21.57% | 16.86 |
| Carver Roboweld Ltd (Consolidated) | 10 | — | 5.80 | 5.80 | 29.67% | 18.80 |
| Royal Arc Electrodes Ltd | 10 | 18.18 | 9.05 | 9.05 | 12.36% | 73.21 |
| Diffusion Engineers Ltd | 10 | 34.52 | 11.98 | 11.98 | 11.61% | 102.73 |
| Classic Electrodes (India) Ltd | 0 | 7.03 | 7.04 | 7.04 | 13.28% | 52.99 |
Notes
All the financial information for listed industry peers mentioned above is on an audited standalone basis and sourced from the results and audited financial statements of the relevant companies for the financial year 2025-26, as available on the websites of the Stock Exchanges
EPS of our company has been calculated in accordance with the Accounting Standard 20 – “Earnings per share”. The face value of Equity Shares of our Company is ₹10. Restated Basic earnings per equity share is computed by dividing the restated profit for the year attributable to the owners of our Company by the weighted average number of shares outstanding during the period/year. Restated Diluted earnings per equity share is computed by dividing the restated profit for the period/year attributable to the owners of our Company by the weighted average number of shares outstanding during the period/year and adjusted for the effects of all dilutive potential Equity Share, as adjusted for bonus issue of Equity Shares from beginning of previous financial year i.e., April 1, 2023.
Basic and diluted EPS refers to the Basic and diluted EPS for listed industry peers sourced from the publicly available financial results of the respective companies for the financial year 2025-2026
P/E Ratio has been computed based on the closing market price on August 24, 2026 of equity shares, divided by the Basic EPS provided under Note (3) above
Net Asset Value (NAV) per equity share (₹) = Net Worth divided by the number of equity shares outstanding as at the end of year, as adjusted for bonus issue of Equity Shares
P/E Ratio for our Company has been computed based on the Issue Price of ₹ [●] per Equity Share divided by the Basic EPS for the year March 31, 2026.
Return on net worth has been computed by dividing the Profit/Loss for the year/period by the corresponding net worth as at the end of the year.
Net worth in accordance with Regulation 2(1)(hh) of the SEBI ICDR Regulation has been defined as the aggregate value of the paid-up share capital and all reserve created out of the profits and securities premium account and debit or credit balance of profit & loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per audited balance sheet, but does not include reserve created out of revaluation of assets, write-back of deprecation and amalgamation.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of our 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 our Company from banks and financial institutions | 8.60 |
| 3 | General Corporate Purpose | — |
| Total | 20.59 |
About Carver Roboweld Limited
Founded in August 2009, Carver Roboweld Limited manufactures welding consumables—such as metal cored wires, welding rods, and gauging electrodes—and distributes welding spare parts and accessories. The company also offers engineering solutions to the forging sector, including forging die regeneration and welding robot rentals.
Operational Footprint & Capacity
Manufacturing & Services: Primary manufacturing operates out of Bamanbore (Rajkot, Gujarat), supported by service units in Pune, Hosur, and Ludhiana.
Production Capacity: As of July 11, 2026, the company maintained an installed production capacity of 650 tonnes per annum for metal cored wires and welding rods (reflecting a ~30% capacity CAGR from FY25 to FY26).
Workforce: As of June 30, 2026, operations were supported by 68 permanent employees and 75 contract workers.
Subsidiary & Extended Services Through its subsidiary, Carver Engineering Private Limited (acquired in September 2025), the company provides plant and machinery refurbishment across sectors like steel, cement, automotive, power, and fabrication. Core engineering capabilities include:
Heavy-duty machining and structural fabrication
Repair and refurbishment of hammers and industrial components
Turnkey engineering projects
Certifications & Standards Carver Roboweld is ISO 9001:2015 certified and holds a Sustaining Corporate Membership with the American Welding Society (AWS).
Promoters
Ranjit Chandrabhai Bose
Rajit Chandra Bose
Deval Ranjitbhai Bose
Contact details
Carver Roboweld Limited
Office no. 1403, Space Odyssey
Near KKV Hall, 150 Feet Ring Road
Mota Mava ,Rajkot, Gujarat, 360005
Telephone: +91 9727797000
Email: investor@carver.co.in
Website: www.carverroboweld.com
Carver Roboweld IPO FAQs
- When does Carver Roboweld IPO open and close?
- Carver Roboweld IPO opens on Wed, 28 Oct 2026 and closes on Fri, 30 Oct 2026.
- What is the Carver Roboweld IPO allotment date?
- The Carver Roboweld IPO basis of allotment is expected on Mon, 2 Nov 2026. You can check your allotment status on the Bigshare Services Pvt Ltd website.
- What is the Carver Roboweld IPO listing date?
- Carver Roboweld IPO is expected to list on BSE on Wed, 4 Nov 2026.
- Who are the registrar and lead managers of the Carver Roboweld IPO?
- The registrar for the Carver Roboweld IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Smart Horizon Capital Advisors Private Limited.
- How to apply for the Carver Roboweld IPO?
- Apply through your broker app or net banking using UPI or ASBA. Select the IPO, enter the number of lots and your bid (retail investors can bid at the cut-off price), and approve the UPI mandate before the issue closes on Fri, 30 Oct 2026.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.