Incorporated in 2011, Karbonsteel Engineering Limited is an engineering solutions provider, specializing in designing, manufacturing, and supplying high-quality products across various industries.
The company provides structural engineering and fabrication solutions for steel plants, railway bridges, oil & gas plants, refineries, and other industries, supporting construction, expansion, and modernization of large-scale projects.
The company operates two manufacturing facilities in Gujarat and Maharashtra, producing heavy steel structures, PEBs, and steel bridges, with a combined capacity of 32,400 MT per year.
Services Offers:
- Heavy Steel Fabricated Structures: Large steel components supporting heavy loads in industrial and infrastructure projects.
- Precision Fabricated Steel Structures: Customized steel components requiring high accuracy for industrial and process applications.
- Steel Bridge Structures: Steel components for constructing railway and road bridges with high load-bearing capacity.
- Pre-Engineered Buildings (PEBs): Customized steel systems for efficient, cost-effective industrial and commercial building construction.
As of January 31, 2025, the company had a total workforce of 349 employees across locations.
Competitive Strengths:
- Capabilities to execute large-scale industrial and infrastructure projects
- Strong Order Book
- In-House manufacturing and testing capabilities
- Strong relationship with customers
- Experienced Promoters with strong management team having domain knowledge
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding of capital expenditure towards expansion of existing Umbergaon facility through construction of new sheds | ₹12 |
| 2 Repayment of a portion of certain borrowings availed by the Company | ₹3 |
| 3 To meet the Working Capital requirements | ₹25 |
| 4 General Corporate Purpose | ₹4 |
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 233 | 176 | 144 |
| Revenue | 274 | 219 | 156 |
| PAT | 14 | 9 | 5 |
| EBITDA | 37 | 26 | 16 |
| Net Worth | 60 | 44 | 29 |
| Reserves | 49 | 38 | 24 |
| Total Borrowing | 79 | 60 | 49 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,768,800 (47%) | — |
| NII / HNI | — | 532,800 (14%) | — |
| Retail (RII) | — | 1,240,000 (33%) | — |
| Market Maker | — | 188,000 (5%) | — |
| Total | — | 3,729,600 (100%) | — |
* Amount calculated at upper price band (₹159) · ** Total includes all investor categories
- 1 Initiation of Refund 15 Sep 2025
- 2 Credit of Shares to Demat 15 Sep 2025
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹13 compares to post-issue EPS of ₹10 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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