Carver Roboweld Ltd IPO
Capital Goods-Non Electrical Equipment
Price Band
₹76 – ₹80
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹256000
Issue Size
₹28.29Cr
Opens
2026-10-28
Closes
2026-10-30
Listing
04-11-2026
Subscription Status
Qualified Institutional Buyers
26.33 x
Non-Institutional Investor
30.01 x
Retail Individual Investor
18.18 x
Total
23.54 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1FY301017
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
̌Carver Roboweld Limited is a manufacturer of welding consumables and provides engineering services to the forging industry. Its products include metal-cored wires, welding rods, gauging electrodes, welding spare parts, and accessories used in welding operations and equipment maintenance. The company also offers forging die regeneration and welding robot rental services. Its subsidiary, Carver Engineering Private Limited, provides reconditioning and refurbishment services for plant and machinery across industries such as forging, casting, cement, steel, sugar, power, petroleum, automotive, and fabrication. Its services include hammer and component repairs, structural fabrication, machining, and turnkey engineering projects. The company’s primary manufacturing facility is located in Rajkot, Gujarat. It also operates service units in Pune, Hosur, and Ludhiana. As of July 11, 2026, its installed annual production capacity for metal-cored wires and welding rods was 650 tonnes. The company sources raw materials from domestic suppliers and international markets, including China, the United States, and the Netherlands.
Pros
- • The company’s promoters, Ranjit Chandrabhai Bose, Rajit Chandra Bose, and Deval Ranjitbhai Bose, collectively have around 16 years of experience in the welding industry. Their experience covers welding consumables manufacturing, robotic welding, process improvement, and business development.
- • The company operates a manufacturing facility in Bamanbore, Rajkot, Gujarat, and service units in Pune, Ludhiana, and Hosur. This network enables it to serve customers across western, southern, and northern India.
- • The company serves customers across several states, including Karnataka, Maharashtra, Tamil Nadu, Punjab, Gujarat, Haryana, Uttarakhand, Uttar Pradesh, Himachal Pradesh, Rajasthan, Madhya Pradesh, and Telangana. Its geographical reach spans multiple regions of India, allowing it to cater to customers across different industrial markets.
Cons
- • The company derives a significant portion of its revenue from a limited number of customers. Its top 10 customers contributed Rs 6.68 crore (86.73%) in the quarter ended June 30, 2026, Rs 21.83 crore (80.78%) in FY26, Rs 21.07 crore (84.77%) in FY25, and Rs 15.89 crore (73.34%) in FY24. Any loss of these customers or reduction in business from them could adversely affect the company’s revenue, profitability, and cash flows.
- • The company’s purchases are heavily dependent on a limited number of suppliers. Its top 10 suppliers accounted for Rs 3.07 crore (90.82%) of total purchases in the quarter ended June 30, 2026, Rs 14.03 crore (92.43%) in FY26, Rs 11.98 crore (94.26%) in FY25, and Rs 9.34 crore (87.15%) in FY24. Any disruption in relationships with these suppliers, or an inability to find suitable alternatives on acceptable terms, could adversely affect the company’s operations and profitability.
- • The company derives its entire revenue from customers operating in the forging industry. Revenue from these customers amounted to Rs 7.71 crore (100%) in the quarter ended June 30, 2026, Rs 27.02 crore (100%) in FY26, Rs 24.86 crore (100%) in FY25, and Rs 21.67 crore (100%) in FY24. Any slowdown in the forging industry or decline in demand from end-user sectors such as automotive, infrastructure, and engineering could adversely affect the company’s revenue and profitability.
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