Karbonsteel Engineering IPO is a book-built issue IPO, aiming to raise ₹59.30 crore. It comprises a fresh issue of 0.30 crore equity shares aggregating to ₹48.33 crore and an offer for sale of 0.07 crore equity shares amounting to ₹10.97 crore. The bidding window was open from September 9, 2025, to September 11, 2025, with the IPO allotment to be finalised on September 12, 2025. Karbonsteel Engineering is scheduled to list on BSE SME on September 16, 2025.
The IPO was priced at ₹151-₹159 per share with a lot size of 800 shares. The public issue received bids for 18.99 crore shares against 24.80 lakh shares available, resulting in an overall subscription of 76.59 times. QIBs led the response, subscribing 121.61 times their quota, followed by NIIs at 85.99 times and retail investors at 46.84 times.
Karbonsteel Engineering’s ₹59.30 crore IPO, priced at ₹151-₹159 per share, was subscribed 76.59 times overall. The IPO is a fresh issue of 0.30 crore equity shares aggregating to ₹48.33 crore and an offer for sale of 0.07 crore equity shares amounting to ₹10.97 crore. Bidding took place from September 9 to September 11, 2025, with the Karbonsteel Engineering IPO allotment status on September 12, 2025. Retail investors subscribed 46.84 times and NIIs 85.99 times. Listing is expected on September 16, 2025.
The table below breaks down the Karbonsteel Engineering share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,88,000 (5.04%) |
| QIB Shares Offered | 17,68,800 (47.43%) |
| − Anchor Investor Shares Offered | 10,60,800 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 7,08,000 (18.98%) |
| NII (HNI) Shares Offered | 5,32,800 (14.29%) |
| − bNII > ₹10L | 3,55,200 (9.52%) |
| − sNII < ₹10L | 1,77,600 (4.76%) |
| Retail Shares Offered | 12,40,000 (33.25%) |
| Total Shares Offered | 37,29,600 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 121.61 |
| Non-Institutional Investors | 85.99 |
| Retail Individual Investors | 46.84 |
| Total | 76.59 |
Note: The subscription details are as of September 11, 2025.
Karbonsteel Engineering Limited was incorporated in 2011 and operates as a structural engineering and fabrication solutions provider. The company’s expertise lies in delivering large-scale industrial and infrastructure projects across steel plants, railway bridges, oil and gas plants, and refineries.
It operates two manufacturing facilities in Gujarat and Maharashtra with a combined capacity of 32,400 MT per year. These facilities are equipped for heavy steel fabricated structures, precision steel structures, pre-engineered buildings (PEBs), and steel bridge structures.
The company reported steady growth, with revenue rising by 25% and profit after tax increasing by 50% between March 31, 2024, and March 31, 2025. As of July 31, 2025, it held an order book worth ₹330 crore.
Karbonsteel Engineering’s competitive strengths include execution of large-scale projects, in-house manufacturing and testing capabilities, established customer relationships, and an experienced promoter team led by Shrenik Kirit Shah and Mittal Shrenik Shah.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 11, 2025, 8:09 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
