Mumbai-based structural engineering and fabrication company Karbonsteel Engineering will launch its ₹59.3 crore initial public offering (IPO) on September 8, 2025, with a price band of ₹151–159 per share.
The IPO will close on September 10, while the anchor book for institutional investors will open on September 4. The allotment will be finalized on September 11, and the company’s shares will list on the BSE SME platform on September 15.
The issue comprises a fresh issue of 30.39 lakh shares and an offer-for-sale (OFS) of 6.9 lakh shares by promoters Shrenik Kirit Shah (4.14 lakh shares) and Mittal Shrenik Shah (2.76 lakh shares).
Use of Funds
- ₹12.29 crore: Expansion of Umbergaon facility with new sheds
- ₹25.25 crore: Working capital requirements
- ₹3.07 crore: Debt repayment
- Balance: General corporate purposes
Financials
Karbonsteel operates two plants at Umbergaon (Gujarat) and Khopoli (Maharashtra) with a total capacity of 36,000 MT per annum. For FY25, the company reported a profit of ₹14.2 crore (up 50.2% YoY) and revenue of ₹273 crore (up 25% YoY).
Karbonsteel competes with Atmastco and Goodluck India. Seren Capital is the book-running lead manager for the IPO.
