Carver Roboweld Limited
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The capital markets are poised for the arrival of Carver Roboweld Limited's's Initial Public Offering, targeting a total fundraise of 35,36,000 Shares. This comprises 35,36,000 Shares in new capital generation.
Investors can consider participating in this offering within the stipulated price range of ₹76 to ₹80, with each application lot consisting of 1600 shares. The IPO represents a milestone event in the company's corporate journey.
The subscription period commences on Oct 28, 2026 and will remain open until Oct 30, 2026. The basis of allotment will be announced on Nov 02, 2026, with trading expected to initiate on Nov 04, 2026 across the BSE platform.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Carver Roboweld Limited, incorporated in August 2009, manufactures welding consumables such as metal cored wires, welding rods and gauging electrodes, while also supplying welding spare parts and accessories. The company has expanded into value-added engineering solutions for the forging industry, including forging die regeneration and welding robot rental services. Its primary manufacturing facility is located in Bamanbore, Rajkot, Gujarat, with additional service units in Pune, Hosur and Ludhiana, allowing it to serve customers across major industrial markets in India. As of July 11, 2026, the company had a combined installed production capacity of 650 tonnes per annum for metal cored wires and welding rods, with capacity growing at a compound annual growth rate (CAGR) of approximately 30% between Fiscal 2025 and Fiscal 2026. Through its subsidiary, Carver Engineering Private Limited, acquired in September 2025, the company also provides reconditioning and refurbishment services for plant and machinery across industries such as forging, casting, cement, steel, sugar, power, petroleum, automotive and fabrication. Its engineering capabilities include heavy-duty machining, structural fabrication, repair and refurbishment of hammers and components, and turnkey engineering projects. Carver Roboweld serves industrial customers across multiple Indian states through its welding consumables and engineering solutions. The company is ISO 9001:2015 certified and holds Sustaining Corporate Membership with the American Welding Society (AWS), demonstrating its focus on quality management and recognised welding standards. As of June 30, 2026, the company had 68 permanent employees and 75 contract workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Experienced Promoters & Management Team: The company’s promoters have nearly 16 years of experience in the welding industry, supported by a management team with technical, operational and business development expertise that has helped expand domestic operations.
- Strategically Located Manufacturing & Service Units: The company’s manufacturing facility in Bamanbore, Rajkot, is supported by service units in Pune, Ludhiana and Hosur, helping reduce transportation time and ensure timely deliveries.
- Wide Domestic Market Reach: The company serves customers across 14 states, including Karnataka, Maharashtra and Tamil Nadu, covering western, southern, northern and central India and supporting demand across different regions.
- High Customer Concentration Risk: The top 10 customers contributed 86.73%, 80.78%, 84.77% and 73.34% of revenue for the period ended June 30, 2026, FY2026, FY2025 and FY2024, respectively. Losing major customers could negatively affect revenue and profitability.
- Raw Material Cost & Quality Risk: The company depends on a steady supply of quality raw materials to manufacture welding rods, gouging electrodes and metal cored wire. Raw material costs accounted for 91.45% of revenue for the period ended June 30, 2026, exposing profit margins to cost fluctuations.
- High Supplier Concentration Risk: The top 10 suppliers accounted for 90.82%, 92.43%, 94.26% and 87.15% of total purchases for the period ended June 30, 2026, FY2026, FY2025 and FY2024, respectively. Any disruption in these supplier relationships could affect business operations.
- Ranjit Chandrabhai Bose
- Rajit Chandra Bose
- Deval Ranjitbhai Bose
Carver Roboweld Limited
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