Karbonsteel Engineering IPO

About Karbonsteel Engineering IPO

Karbonsteel Engineering IPO is a book-built issue worth ₹59.30 crore. The issue comprises a fresh issue of 30 lakh equity shares aggregating to ₹48.33 crore and an offer for sale of 7 lakh equity shares aggregating to ₹10.97 crore. The IPO opens for subscription on September 9, 2025, and closes on September 11, 2025. The allotment is expected to be finalised on September 12, 2025, with tentative listing on BSE SME scheduled for September 16, 2025.

The IPO is priced in a band of ₹151 – ₹159 per share. Retail investors must apply for a minimum of 2 lots comprising 1,600 shares, requiring an investment of ₹2,54,400 at the cutoff price. HNI investors must apply for a minimum of 3 lots (2,400 shares), amounting to ₹3,81,600.

Seren Capital Private Limited is the book-running lead manager to the issue, and Maashitla Securities Private Limited is the registrar. Rikhav Securities Limited and SS Corporate Securities Limited are the market makers of the issue.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Karbonsteel Engineering IPO RHP.

Industry Outlook

1. India’s structural steel industry is undergoing a robust expansion, driven by the country’s accelerating infrastructure development and industrial modernisation. Structural steel forms the backbone of large-scale construction projects, playing a pivotal role in bridges, highways, railways, high-rise buildings, oil and gas facilities, and manufacturing plants.
2. The sector has witnessed a significant rebound post-pandemic, with finished steel production reaching 139.4 million tonnes in FY 2024—a 12.7% increase over the previous year. This growth has been largely propelled by private sector contributions, accounting for 85% of total output. Non-flat steel products, primarily used in construction, comprised 55% of production, while flat products, utilised in automotive and appliance manufacturing, made up the remaining 45%.
3. Government initiatives such as the National Infrastructure Pipeline and “Make in India” have catalysed demand, alongside increased capital expenditure in mining, manufacturing, and construction. The Index of Industrial Production (IIP) reflects this momentum, with the manufacturing index growing by 5.5% in FY 2024 and the construction sector registering a 9.9% year-on-year increase.
4. Technological advancements, including energy-efficient processes and the use of recycled scrap steel, are enhancing production capabilities and sustainability. Moreover, the global appetite for steel has encouraged Indian producers to scale output, positioning India as the second-largest crude steel producer globally.

Karbonsteel Engineering IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Expand manufacturing infrastructure by undertaking capital expenditure towards the development of two new fabrication sheds at its existing Umbergaon facility in Gujarat. This expansion includes civil construction, procurement and installation of advanced machinery, and layout optimisation to support increased production capacity. One shed will be dedicated to railway infrastructure projects such as Foot Over Bridges (FOBs), Road Over Bridges (ROBs), and steel girders, while the other will enhance general fabrication operations. Upon completion, the facility’s installed capacity is expected to increase from 30,000 MT to 42,000 MT per annum.
2. Strengthen financial stability through the repayment of a portion of existing borrowings availed from HDFC Bank, ICICI Bank, and IDFC Bank. This will reduce interest obligations, improve the company’s debt-to-equity ratio, and enhance its credit profile for future financing needs.
3. Support working capital requirements to ensure uninterrupted operations, timely procurement of raw materials, and efficient execution of ongoing and future projects. This will enable the company to maintain optimal inventory levels, meet client delivery schedules, and manage receivables more effectively.
4. Fund general corporate purposes, including administrative overheads, brand development, and strategic initiatives aimed at reinforcing the company’s market presence, operational resilience, and long-term sustainability.

About Karbonsteel Engineering Limited

Karbonsteel Engineering Limited was originally incorporated as Karbon Steelmart Private Limited on 21 April 2011 under the Companies Act, 1956. It was subsequently renamed Karbonsteel Engineering Private Limited on 2 March 2022 and converted into a public limited company on 24 June 2024, adopting its present name.

The company specialises in structural engineering and steel fabrication, offering bespoke solutions across industrial and infrastructure sectors. Its expertise spans the design, fabrication, and assembly of heavy and precision steel structures, including frameworks for steel plants, railway bridges, oil and gas facilities, refineries, and high-rise buildings.

Karbonsteel operates two manufacturing facilities located in Umbergaon, Gujarat and Khopoli, Maharashtra. These units are equipped to handle complex fabrication processes such as cutting, drilling, welding, machining, and surface treatment, ensuring compliance with stringent quality and safety standards. The company’s product portfolio is categorised into four verticals: heavy fabricated structures, precision technological structures, steel bridge components, and pre-engineered buildings.

Over the years, Karbonsteel has built a reputation for delivering high-volume, high-quality fabricated structures. Notably, it completed a major work order for the Mumbai–Ahmedabad high-speed bullet train bridge and was recognised by L&T Construction for the highest volume of fabricated deliveries in FY 2024–25.

How To Check the Allotment Status of the Karbonsteel Engineering IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Karbonsteel Engineering IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Karbonsteel Engineering IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Karbonsteel Engineering IPO

Registered Office: B-8, Ratnadeep Cosmopolitan CHS Ltd, 140–141 S.V. Road, Near Shoppers Stop, Andheri (West), Mumbai – 400058, Maharashtra, India.

Phone: +91 22 6187 2821
E-mail:cs@karbonsteel.com

Karbonsteel Engineering IPO Reservation

Karbonsteel Engineering IPO Lot Size

Karbonsteel Engineering IPO Promoter Holding

The promoters of the company are Shrenik Kirit Shah and Mittal Shrenik Shah.

Key Performance Indicators for Karbonsteel Engineering IPO

The market capitalisation of Karbonsteel Engineering IPO is ₹224.85 Cr. Here are the KPIs of Karbonsteel Engineering:

Karbonsteel Engineering IPO Prospectus

• Karbonsteel Engineering IPO DRHP
• Karbonsteel Engineering IPO RHP

Karbonsteel Engineering IPO Registrar and Lead Managers

Karbonsteel Engineering IPO Lead Managers

• Seren Capital Private Limited

Registrar for Karbonsteel Engineering IPO

Maashitla Securities Private Limited

• Contact Number: 011 4758 1432
• Email Address: ipo@maashitla.com

Karbonsteel Engineering IPO Registrar