Incorporated in 2011, Karbonsteel Engineering Limited designs, manufactures, and supplies heavy and precision steel structures for industrial and infrastructure projects, including steel plants, bridges, refineries, and pre‑engineered buildings. The company operates two facilities in Umbergaon (Gujarat) and Khopoli (Maharashtra) with a combined installed capacity of around 32,400 MT per year as disclosed in offer documents and company materials.
Karbonsteel Engineering IPO
BSE SME book-built issue (Fresh + OFS)
UPCOMING IPOKarbonsteel Engineering proposes to raise ₹59.30 crore via a fresh issue of about 30.0 lakh shares aggregating to ₹48.33 crore and an offer for sale of about 6.90 lakh shares aggregating to ₹10.97 crore. The book-built SME offer opens on September 8, 2025 and closes on September 10, 2025, with allotment expected on September 11 and listing proposed on BSE SME on September 15, 2025. The price band is ₹151 to ₹159 per share; the SME retail minimum is 2 lots, i.e., 1,600 shares for ₹2,54,400.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹151 to ₹159 per share |
| Offer Structure | Fresh Capital cum Offer for Sale |
| Total Shares | 37,29,600 shares (aggregating up to ₹59.30 crore) |
| Fresh Issue (ex‑MM) | 28,51,600 shares (aggregating up to ₹45.34 crore) |
| Offer for Sale | 6,90,000 shares (aggregating up to ₹10.97 crore) |
| Reserved for Market Maker | 1,88,000 shares (aggregating up to ~₹2.99 crore) |
| Net Offer to Public | 35,41,600 shares (aggregating up to ₹56.31 crore) |
| Issue Type | Book-building SME IPO |
| Listing | BSE SME |
| Shareholding (Pre / Post) | 1,11,02,222 / 1,41,41,822 shares |
| Lead Manager | Seren Capital Pvt. Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Market Makers | Rikhav Securities Ltd.; SS Corporate Securities Ltd. |
| Investor Category | Shares Offered |
|---|---|
| Market Maker | 1,88,000 (5.04%) |
| QIB | 17,68,800 (47.43%) |
| NII (HNI) | 5,32,800 (14.29%) |
| Retail (RII) | 12,40,000 (33.25%) |
| Total | 37,29,600 (100.00%) |
| Bid Date | Shares Offered | Anchor Portion | Lock‑in (50%) | Lock‑in (Balance) |
|---|---|---|---|---|
| Sep 4, 2025 | 10,60,800 | ₹16.87 crore | Oct 11, 2025 | Dec 10, 2025 |
| IPO Open | Mon, Sep 8, 2025 |
|---|---|
| IPO Close | Wed, Sep 10, 2025 |
| Allotment (Tentative) | Thu, Sep 11, 2025 |
| Refunds Initiation | Fri, Sep 12, 2025 |
| Credit to Demat | Fri, Sep 12, 2025 |
| Listing (Tentative) | Mon, Sep 15, 2025 |
| UPI Mandate Cut‑off | 5 PM on Sep 10, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹2,54,400 |
| Retail (Max) | 2 | 1,600 | ₹2,54,400 |
| S‑HNI (Min) | 3 | 2,400 | ₹3,81,600 |
| S‑HNI (Max) | 7 | 5,600 | ₹8,90,400 |
| B‑HNI (Min) | 8 | 6,400 | ₹10,17,600 |
Incorporated in 2011, Karbonsteel Engineering Limited designs, manufactures, and supplies heavy and precision steel structures for industrial and infrastructure projects, including steel plants, bridges, refineries, and pre‑engineered buildings. The company operates two facilities in Umbergaon (Gujarat) and Khopoli (Maharashtra) with a combined installed capacity of around 32,400 MT per year as disclosed in offer documents and company materials.
Summary (₹ crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 232.76 | 176.14 | 143.76 |
| Total Income | 273.91 | 218.77 | 155.89 |
| Profit After Tax | 14.16 | 9.42 | 5.11 |
| EBITDA | 36.61 | 25.79 | 16.22 |
| Net Worth | 60.37 | 43.80 | 28.74 |
| Reserves & Surplus | 49.27 | 38.41 | 23.74 |
| Total Borrowings | 78.55 | 59.83 | 48.52 |
Source: Red Herring Prospectus (Aug 2025) and aligned SME summaries for schedule, lot, and anchor details. Cross‑verified with reputable IPO trackers consistent with the RHP.