🏢 About Karbonsteel Engineering Ltd
Karbonsteel Engineering Ltd, incorporated in Gujarat, is a specialized engineering company engaged in the design, fabrication, and manufacturing of steel structures, pressure vessels, storage tanks, and heavy industrial engineering solutions.
The company’s products cater to oil & gas, petrochemicals, chemicals, infrastructure, and renewable energy sectors. With a strong manufacturing base in Umbergaon (Gujarat), Karbonsteel has built a reputation for delivering customized, large-scale engineering projects.
💰 Karbonsteel Engineering IPO Overview
- IPO Size: ₹59.30 crore
- Issue Type: Book-built
- Price Band: ₹151 – ₹159 per share
- Face Value: ₹10 per share
- Lot Size: 800 shares (minimum investment ~₹1,27,200 at upper band)
- Issue Structure:
- Fresh Issue: ~30.39 lakh shares
- Offer for Sale (OFS): ~6.9 lakh shares
- Exchange: BSE SME
📅 Karbonsteel Engineering IPO Important Dates
| Event | Date |
|---|---|
| Anchor Investor Bidding | September 4, 2025 |
| IPO Open Date (Subscription) | September 9, 2025 |
| IPO Close Date | September 11, 2025 |
| Basis of Allotment | September 12, 2025 |
| Refunds & Demat Credit | September 15, 2025 |
| IPO Listing Date | September 16, 2025 |
| Exchange | BSE SME Platform |
📊 Financial Performance
Karbonsteel has shown consistent growth in recent years.
- Revenue FY 2024–25: ₹273 crore (up from ₹218 crore in FY 2023–24)
- Profit After Tax (PAT): ₹14.2 crore
- EBITDA Margin: ~10%
- Net Worth: ~₹90 crore
- Debt-to-Equity Ratio: Improving post IPO proceeds allocation
The company’s financial performance indicates steady revenue growth backed by expansion orders from the oil & gas and energy sectors.
🎯 Objectives of the IPO
The company plans to utilize the IPO proceeds for:
- Expansion of Umbergaon facility – Construction of additional fabrication sheds.
- Working Capital requirements – To support growing order book.
- Debt Repayment – Reducing finance costs and strengthening balance sheet.
- General Corporate Purposes – Brand building, technology upgradation.
📌 Strengths of Karbonsteel Engineering
- Strong presence in oil & gas, petrochemicals, and infra sectors.
- Experienced management and promoter team.
- Healthy order book ensuring visibility of future revenue.
- Strategic manufacturing location in Gujarat with export potential.
- Positive growth in financial performance with expanding margins.
⚠️ Risks & Concerns
- Operating in a highly competitive engineering & fabrication market.
- Dependency on capex cycles of oil & gas/infra industries.
- SME IPO – lower liquidity post-listing compared to mainboard.
- Margin pressures due to raw material price volatility (steel).
📈 Market Impact & Retail Investor Perspective
- The IPO has received anchor investor support worth ₹16.86 crore, which strengthens market confidence.
- Retail investors are showing good interest due to strong financials and expansion plans.
- Listing on BSE SME may restrict liquidity for short-term traders but could benefit long-term investors if expansion plans materialize.
- Considering the GMP trend, investors may expect moderate listing gains.
📌 Karbonsteel Engineering IPO Allotment
- Basis of Allotment: September 12, 2025
- Investors can check allotment status via:
- BSE website
- Registrar’s portal (details to be shared on allotment day)
📝 Conclusion – Should You Invest?
The Karbonsteel Engineering IPO offers an interesting opportunity in the growing engineering and fabrication sector. The company has:
✅ Strong financials
✅ Expansion-driven growth plans
✅ Healthy demand from oil & gas and infra sectors
✅ Positive GMP signals
However, being an SME IPO, it carries risks of lower liquidity and sectoral cyclicality. Conservative investors may consider long-term holding, while aggressive investors may target listing gains.
Subscription
| Investor | 09 Sep 2025 | 10 Sep 2025 | 11 Sep 2025 |
|---|---|---|---|
| Anchor | 0 | 0 | |
| QIB | 0.28 | 4.11 | |
| Non-Institutional | 2.42 | 4.82 | |
| BNII | 3.18 | 6.14 | |
| SNII | 0.90 | 2.19 | |
| Retail | 0.69 | 2.46 | |
| Total | 0.94 | 3.44 |
GMP Trend:
| Date | GMP |
|---|---|
| 09 Sep 2025 | ₹19.5(11.95%) |
| 10 Sep 2025 | ₹22.0(13.84%) |
| 11 Sep 2025 | ₹?(?%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
Maashitla Securites.
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
NSE Website
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
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- Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
- The information provided on this platform is for educational and informational purposes only. It should not be considered as investment advice, stock recommendations, or financial guidance.
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- ⚠️ IPO (Initial Public Offerings)
- IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
- Investing in IPOs carries risks including listing volatility, business uncertainties, and sector performance dependency.
- Neither acceptance of applications nor allotment guarantees profits. Investors should evaluate their risk appetite before subscribing.
- ⚠️ GMP (Grey Market Premium)
- Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
- GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
- GMP values are highly speculative and may differ significantly from actual listing prices. Investors should not rely solely on GMP while taking investment decisions.
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