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Carver Roboweld IPO
25.18xsubscribed

Carver Roboweld IPO

Engineering
listed
₹2.43LMin. investment

Carver Roboweld Limited IPO Details

SectorEngineering
Price range₹76.00 – ₹80.00
IPO type
SME
Lot size1600 shares
Issue size₹28Cr
Market cap
₹104.82CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹27.02CrLower than sector avg
Growth rate3Y CAGR
11.66%Higher than sector avg

Carver Roboweld IPO Subscription Status

Date
QIB
NII
Retail
Total
28-Oct-26
0.0 times (X)
0.69 times (X)
0.21 times (X)
0.25 times (X)
29-Oct-26
0.0X
1.83X
0.54X
0.66X
30-Oct-26
26.33X
40.4X
17.93X
25.18X

As on 28-Oct-26, 5:00 PM

Carver Roboweld IPO Timeline

  1. Pre-apply
    27 Oct 2026
  2. Bid start
    28 Oct 2026
  3. Bid end
    30 Oct 2026
  4. Allotment
    2 Nov 2026
  5. Release of funds
    2 Nov 2026
  6. Demat transfer
    3 Nov 2026
  7. Listing
    4 Nov 2026

About Carver Roboweld Limited

Carver Roboweld manufactures welding consumables comprising metal cored wires, welding rods and gauging electrodes. It also supplies welding spare parts and accessories and provides forging die regeneration and welding robot rental services.
The company acquired Carver Engineering Private Limited on September 26, 2025; the subsidiary undertakes reconditioning and refurbishment of plant and machinery, heavy fabrication, machining and turnkey engineering assignments for industrial customers.
The company operates its manufacturing facility at Bamanbore, Rajkot, and service units in Pune, Hosur and Ludhiana. In FY26, the Bamanbore unit contributed 41.1% of revenue from operations, while Pune, Hosur and Ludhiana contributed 19.3%, 29.7% and 9.8%, respectively. Its sales were domestic: Karnataka accounted for 48.8% of FY26 revenue, followed by Maharashtra at 19.3%, Tamil Nadu at 14.1% and Punjab at 8.6%.
In FY26, products generated 77.4% of revenue from operations and services generated 22.5%. Metal cored wires were the largest category at 68.04%, followed by forging die and regeneration services at 13.4%, welding robot rentals at 9.1%, welding rods at 7.5%, gauging electrodes at 1.1% and welding spare parts at 0.7%.
From FY24 to FY26, metal cored wires increased from 63.09% to 68.04% of revenue and robot rentals increased from 3.56% to 9.16%, while forging die and regeneration services declined from 18.73% to 13.42%.
Aggregate installed production capacity increased from 500 tonnes in FY24 and FY25 to 650 tonnes in FY26. Total production was 338.55 tonnes, 394.86 tonnes and 513.03 tonnes, respectively, translating into utilisation of 67.7%, 78.9% and 78.9%. The FY26 capacity comprised 500 tonnes of welding wires and 150 tonnes of welding rods, with utilization of 89.8% and 42.5%, respectively.
The company owns 12 welding robots deployed on rent; rental customers are required to use its metal-cored wires, linking rental revenue with consumable sales. The top ten customers contributed 80.7% of FY26 revenue, and repeat customers generated 98.9% of FY26 revenue. Raw materials are procured from domestic and international markets, with raw materials and welding robot accessories sourced from China, the United States and the Netherlands.

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Objectives of Carver Roboweld Limited IPO

Capital expenditure
42.30%
₹11.99 crore will fund 27 welding robots for the rental business.
Repayment of borrowings
30.40%
₹8.60 crore will be used to repay bank and financial institution borrowings.
General corporate purposes
27.20%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹27.02Cr11.66%₹3.48Cr₹104.82Cr21.161.33
This sector (avg.)₹342.41Cr0.01%₹38.53Cr₹1,862.48Cr31.540.53
₹10,670.1Cr---₹1,263.5Cr₹39,460.23Cr31.400.10
₹2,217.81Cr---₹423.66Cr₹10,977.95Cr26.730
₹3,087.59Cr---₹471.9Cr₹9,693.55Cr18.040.01

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Carver Roboweld IPO Contact Details

Company NameCarver Roboweld Limited

How to apply for Carver Roboweld IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Carver Roboweld Limited IPO FAQs