Karbonsteel Engineering Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

09 Sep 2025

Close Date

11 Sep 2025

Allotment

12 Sep 2025

Listing Date

16 Sep 2025

Exchange

BSE SME

Price Band

₹159

Listing Price

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Allotment Status

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Price Band

₹159

Per share

Face Value

₹10 per share

Lot Size

800 Shares

per lot

Issue Size

37,29,600 shares (aggregating up to ₹59.30 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹127,200

1 lot

Pre-IPO Holding

1,11,02,222 shares

Promoters

Post-IPO Holding

1,41,41,822 shares

Promoters

P/E (Pre)

12.47x

P/E (Post)

15.88x

EPS (Pre)

₹12.75

EPS (Post)

₹10.01

UPI Deadline

2025-09-11

Mandate

Anchor AllotmentMon, 08 Sep 2025

Basis of AllotmentFri, 12 Sep 2025

Refund InitiationMon, 15 Sep 2025

Demat CreditMon, 15 Sep 2025

Listing DayTue, 16 Sep 2025

UPI Mandate Deadline2025-09-11

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public35,41,600 shares (aggregating up to ₹56.31 Cr)

Market Maker Quota1,88,000 shares (aggregating up to ₹2.99 Cr)

Fresh Issue Shares28,51,600 shares (aggregating up to ₹45.34 Cr)

Offer for Sale6,90,000 shares of ₹10 (aggregating up to ₹10.97 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Karbonsteel Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 Sep 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	188,000	—	₹2.99
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,729,600	100%	₹59.30

IPO Shares Offered

Karbonsteel Engineering Ltd. IPO total issue size: ₹59.30 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	188,000	₹2.99	5.04%
Total	3,729,600	₹59.30	100.00%

* Based on upper price band ₹159 per share

Lot Size & Investment

Lot Size

800

Shares per Lot

Issue Price

₹159.00

Upper Band

Min Investment

₹127,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,600	₹254,400
Retail (Max — 13 Lots)	13	10,400	₹1,653,600
S-HNI (Min — 14 Lots)	14	11,200	₹1,780,800
B-HNI (Min — 68 Lots)	68	54,400	₹8,649,600

* Issue Price ₹159 × Lot Size 800 shares

IPO Schedule

Anchor

08 Sep 2025

✓ Done

IPO Open

09 Sep 2025

✓ Done

IPO Close

11 Sep 2025

✓ Done

Allotment

12 Sep 2025

✓ Done

Refunds

15 Sep 2025

✓ Done

Demat Credit

15 Sep 2025

✓ Done

Listing Day

16 Sep 2025

✓ Done

₹159.00

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Issue ₹159.00 Live Price

About Karbonsteel Engineering Ltd.

Incorporated in 2011, Karbonsteel Engineering Limited is an engineering solutions provider, specializing in designing, manufacturing, and supplying high-quality products across various industries.The company provides structural engineering and fabrication solutions for steel plants, railway bridges, oil & gas plants, refineries, and other industries, supporting construction, expansion, and modernization of large-scale projects.The company operates two manufacturing facilities in Gujarat and Maharashtra, producing heavy steel structures, PEBs, and steel bridges, with a combined capacity of 32,400 MT per year.Services Offers:Heavy Steel Fabricated Structures: Large steel components supporting heavy loads in industrial and infrastructure projects.Precision Fabricated Steel Structures: Customized steel components requiring high accuracy for industrial and process applications.Steel Bridge Structures: Steel components for constructing railway and road bridges with high load-bearing capacity.Pre-Engineered Buildings (PEBs): Customized steel systems for efficient, cost-effective industrial and commercial building construction.As of January 31, 2025, the company had a total workforce of 349 employees across locations.Competitive Strengths:Capabilities to execute large-scale industrial and infrastructure projectsStrong Order BookIn-House manufacturing and testing capabilitiesStrong relationship with customersExperienced Promoters with strong management team having domain knowledge

Objects of the Issue

1 Funding of capital expenditure towards expansion of existing Umbergaon facility through construction of new sheds

2 Repayment of a portion of certain borrowings availed by the Company

3 To meet the Working Capital requirements

4 General Corporate Purpose

Karbonsteel Engineering Ltd. Financials (Amount in Crore)

Revenue from Operations

₹155.9

31 Mar 2023

₹218.8

31 Mar 2024

₹273.9

31 Mar 2025

Profit After Tax (PAT)

₹5.1

31 Mar 2023

₹9.4

31 Mar 2024

₹14.2

31 Mar 2025

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Revenue from Operations	273.91	218.77	155.89
EBITDA	36.61	25.79	16.22
Profit After Tax (PAT)	14.16	9.42	5.11
Net Worth	60.37	43.80	28.74
Total Assets	232.76	176.14	143.76
Reserves & Surplus	49.27	38.41	23.74
Borrowings	78.55	59.83	48.52
EBITDA Margin (%)	13.41%	—	—
PAT Margin (%)	5.19%	—	—

P/BV Ratio

2.92

RoE

27.19%

RoCE

24.63%

RoNW

23.45%

PAT Margin

5.19%

EBITDA Margin

13.41%

Debt/Equity

1.30

Issue Structure & Shareholding

Total Shares Offered37,29,600 (100.00%)

Net Offer to Public35,41,600 shares (aggregating up to ₹56.31 Cr)

Reserved for Market Maker1,88,000 shares (aggregating up to ₹2.99 Cr)

Pre-Issue Promoter Holding1,11,02,222 shares

Post-Issue Promoter Holding1,41,41,822 shares

P/BV Ratio2.92

RoE27.19%

RoCE24.63%

Debt / Equity1.30

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Maashitla Securities Pvt.Ltd.

+91-11-45121795-96

investor.po@maashitla.com

https://maashitla.com/allotment-status/public-issues

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Book Running Lead Managers

Seren Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Karbonsteel Engineering Ltd. IPO subscribed? ▲

Karbonsteel Engineering Ltd. IPO is subscribed 1.00 times by Sep 11, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Karbonsteel Engineering Ltd. IPO retail subscription status? ▼

The Karbonsteel Engineering Ltd. IPO retail category is subscribed 1.00 times as of 11 Sep 2025. The retail portion is oversubscribed.

How to subscribe Karbonsteel Engineering Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 09 Sep 2025 and closes 11 Sep 2025. Min investment: ₹127,200 (1 lot = 800 shares). UPI mandate: 2025-09-11.

How many times Karbonsteel Engineering Ltd. IPO subscribed? ▼

The Karbonsteel Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Karbonsteel Engineering Ltd. IPO allotment? ▼

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd.) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Sep 2025. Refunds: on 15 Sep 2025.

When Karbonsteel Engineering Ltd. IPO will be listed? ▼

The Karbonsteel Engineering Ltd. IPO listing date is 16 Sep 2025, Tuesday. Listed on: BSE SME. Issue price: ₹159. Estimated listing: ₹159. GMP: NIL.

When Karbonsteel Engineering Ltd. IPO close? ▼

The Karbonsteel Engineering Ltd. IPO closes on 11 Sep 2025, Thursday. UPI mandate: 2025-09-11. Allotment: 12 Sep 2025. Listing: 16 Sep 2025.

Quick Actions

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Live Price LIVE

Last Price₹159.00

Change—

Issue Price₹159.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹159

Face Value₹10

Lot Size800 Sh

Min. Amount₹127,200

GMPNIL

Est. Listing₹159

Subscribed1.00x

Open Date09 Sep 2025

Close Date11 Sep 2025

Allotment12 Sep 2025

Listing Date16 Sep 2025

ExchangeBSE SME

UPI Deadline2025-09-11