Karbonsteel Engineering Limited, a company specialising in structural engineering and fabrication, is launching its Initial Public Offering (IPO) to raise funds worth ₹59.30 crores. The issue comprises a Fresh Issue of 30.39 lakh shares aggregating to ₹48.32 crores and an Offer for Sale of 6.90 lakh shares aggregating to ₹10.97 crores. The IPO will open for subscription on September 9, 2025, and will close on September 11, 2025.

The allotment is scheduled for September 12, 2025, and the shares will be listed on the BSE SME platform on September 16, 2025.

The price band for the IPO has been fixed between ₹151 and ₹159 per share. At the upper price band, the company’s market capitalisation will be ₹224.85 crores. The lot size of the IPO is 800 shares, and retail investors are required to subscribe for a minimum of 2 lots (1,600 shares) amounting to ₹2,54,400.

The book running lead manager of the issue is Seren Capital Private Limited, while Maashitla Securities Private Limited is the registrar. The market makers for the IPO are SS Corporate Securities Limited and Rikhav Securities Limited.

Karbonsteel Engineering IPO GMP (Grey Market Premium)

The Grey Market Premium (GMP) for Karbonsteel Engineering IPO is expected to be around ₹16, indicating a possible premium of around 10.06% over the issue price. However, it must be noted that the GMP is unofficial and depends entirely on demand and supply in the grey market. It does not guarantee actual listing performance and is provided only for educational purposes.

Anchor Investors Participation

The company has raised ₹16.87 crores from Anchor Investors at a price of ₹159 per share. In total, 10,60,800 equity shares have been allocated to anchor investors. The participation of institutional investors reflects confidence in the company’s business model and growth potential.

Objectives of the IPO

The company plans to utilise the net proceeds from the IPO for the following objectives:

1. ₹1,229.15 lakh for funding capital expenditure towards expansion of its existing Umbergaon facility through construction of new sheds.

2. ₹307.54 lakh for repayment of certain borrowings availed by the company.

3. ₹2,525.00 lakh for utilisation towards working capital requirements.

4. Balance funds for general corporate purposes.

Company Background

Karbonsteel Engineering is engaged in design, fabrication and assembly of heavy and precision steel structures, customised to meet client requirements. The company provides solutions across multiple industries including steel plants, railway bridges, oil and gas plants, refineries, chemical plants, and other industrial units.

Over the years, Karbonsteel has established itself as a trusted partner for large-scale infrastructure projects and has demonstrated strong capabilities in delivering customised engineering solutions.

IPO Subscription and Allotment Process

Investors can apply for Karbonsteel Engineering IPO during the subscription window of September 9–11, 2025. The allotment is scheduled to be finalised on September 12, 2025. Investors can check their allotment status on the registrar’s website by entering their application number, PAN or DP Client ID.

Steps to check allotment status:

• Visit the IPO allotment status page of Maashitla Securities Pvt. Ltd.

• Select Karbonsteel Engineering Limited IPO from the dropdown list.

• Enter your application details.

• Submit to view your allotment result.

Listing Details

The company’s shares will be listed on the BSE SME Exchange on September 16, 2025, subject to successful allotment and regulatory approvals.

Conclusion

The Karbonsteel Engineering IPO offers investors an opportunity to participate in a company with strong experience in the engineering and fabrication industry and a track record of serving diverse industrial and infrastructure sectors. The proceeds from the IPO are aimed at expanding capacity, reducing debt, and supporting working capital needs, which may help the company strengthen its growth trajectory in the coming years.

However, investors must also consider the risks associated with SME IPOs, including lower liquidity, market volatility and dependence on specific sectors. While the GMP indicates positive sentiment, investors should evaluate the IPO based on the fundamentals, growth prospects, and financials of the company before making any investment decision.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

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