Carver Roboweld Limited is a Rajkot, Gujarat-based manufacturer of welding consumables and provider of industrial welding automation and engineering solutions, primarily serving the forging and heavy engineering industries. Incorporated in August 2009, the company manufactures Metal Cored Wires, Welding Rods and Gouging Electrodes, along with supplying welding spare parts and accessories.
The company’s key products and services include:
- Metal Cored Wires: Specialised welding wires used for repairing and rebuilding forging dies, heavy machinery and industrial components.
- Welding Rods and Gouging Electrodes: Welding consumables used for fabrication, maintenance, metal removal and industrial repairs.
- Forging Die Regeneration: Repair and refurbishment of worn-out forging dies and machinery components.
- Welding Robot Rental: Provides industrial welding robots on a rental basis for automated welding operations.
- Industrial Engineering Services: Machinery reconditioning, heavy-duty machining, structural fabrication and turnkey engineering projects through its subsidiary, Carver Engineering Private Limited.
The company operates one manufacturing facility at Bamanbore, Rajkot, covering approximately 16,186 square metres, along with service units in Pune, Hosur and Ludhiana. As of July 11, 2026, its aggregate installed production capacity was 650 tonnes per annum, reflecting a capacity CAGR of approximately 30% between FY2025 and FY2026.
In September 2025, the company acquired Carver Engineering Private Limited, expanding its engineering services across the forging, casting, cement, steel, power, automotive and other industrial sectors.
The company is ISO 9001:2015 certified for specified welding consumable activities and a Sustaining Corporate Member of the American Welding Society (AWS). As of June 30, 2026, it had 68 permanent employees and 75 contract workers.
Carver Roboweld IPO – Details
| IPO Opening Date | 28 October 2026 |
| IPO Closing Date | 30 October 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 35,36,000 Shares Worth ₹28.29 Crore Fresh Issue: 35,36,000 Shares Worth ₹28.29 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 – ₹80 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Carver Roboweld IPO – Date Schedule
| IPO Open Date | 28 October 2026 |
| IPO Close Date | 30 October 2026 |
| Basis of Allotment | 02 November 2026 |
| Initiation of Refund | 03 November 2026 |
| Credit of Shares to Demat | 03 November 2026 |
| IPO Listing Date | 04 November 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 30, 2026 |
Carver Roboweld IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,56,000 |
| Retail (Max) | 2 | 3200 | ₹2,56,000 |
| S-HNI (Min) | 3 | 4800 | ₹3,84,000 |
| S-HNI (Max) | 7 | 11200 | ₹8,96,000 |
| B-HNI (Min) | 8 | 12800 | ₹10,24,000 |
Competitive Strength
- Strategically located manufacturing facility and service units.
- Strategic market coverage across domestic industrial markets.
- Focus on meeting customer specifications and quality standards.
- Integrated manufacturing and value-added engineering service capabilities.
- Experienced promoter and management team with strong welding industry expertise.
- Robot rental model supporting long-term customer engagement and recurring revenue.
Company Promoters
- Ranjit Chandrabhai Bose
- Rajit Chandra Bose
- Deval Ranjitbhai Bose
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹21.67 Cr | ₹20.26 Cr | ₹1.01 Cr | ₹13.39 Cr |
| 31 March 2025 | ₹24.97 Cr | ₹22.90 Cr | ₹1.45 Cr | ₹22.32 Cr |
| 31 March 2026 | ₹27.12 Cr | ₹22.33 Cr | ₹3.48 Cr | ₹15.65 Cr |
| 30 June 2026 | ₹7.71 Cr | ₹5.67 Cr | ₹1.49 Cr | ₹12.27 Cr |
Key Performance Indicator
| KPI | Values (June 30, 2026) |
|---|---|
| ROE | 8.48% |
| ROCE | 8.27% |
| Debt/Equity | 0.70 |
| RoNW | 8.48% |
| PAT Margin | 19.37% |
| EBITDA Margin | 36.90% |
| NAV | 18.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.64 | 4.56 |
| P/E (x) | 21.98 | 17.54 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots. | ₹11.99 |
| Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions. | ₹8.60 |
| General Corporate Purposes. |
✅Strengths
- Experienced management team.
- Diverse engineering services.
- Growing production capacity.
- ISO 9001:2015 certified.
- Pan-India service network.
⚠️Risks
- High customer concentration.
- High supplier concentration.
- Raw material price volatility.
- Limited product portfolio.
- Manufacturing and quality risks.
Carver Roboweld IPO Promoter Holding
| Pre-Issue Share Holding | 90.07% |
| Post Issue Share Holding | 65.77% |
Carver Roboweld IPO Prospectus
Company Contact Information
| Carver Roboweld Limited Office no. 1403, Space Odyssey, Near KKV Hall, 150 Feet Ring Road, Mota Mava, Rajkot, Gujarat, 360005 Phone: 9727797000 Email: investor@carver.co.in Website: https://www.carverroboweld.com/ |
Carver Roboweld IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Carver Roboweld IPO Lead Manager(s)
| 1. Smart Horizon Capital Advisors Pvt. Ltd. |
Carver Roboweld IPO FAQ
| What is the Carver Roboweld IPO? Carver Roboweld IPO is an SME IPO. The issue is priced at ₹76 – ₹80 per equity share. The IPO is to be listed on BSE SME. |
| When will Carver Roboweld IPO open? The IPO is to open on 28 October 2026 for QIB, NII and Retail Investors. |
| What is Carver Roboweld IPO Investors’ Portion? The Investors portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Carver Roboweld IPO Size? Carver Roboweld IPO size is ₹28.29 Crore. |
| What are the Carver Roboweld IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 3200 Shares for ₹2,56,000, while the maximum bid is 3200 Shares for ₹2,56,000. |
| What is the Carver Roboweld IPO Allotment Date? Carver Roboweld IPO allotment date is 02 November 2026. |
| What is the Carver Roboweld IPO Listing Date? Carver Roboweld IPO listing date is 04 November 2026. The IPO is to be listed on the BSE SME. |
