Karbonsteel Engineering IPO subscription opened on Monday, September 9, 2025, and closed on Thursday, September 11, 2025. The price band was fixed at ₹159 per share with a face value of ₹10.

Karbonsteel Engineering IPO Subscription Status

Karbonsteel Engineering IPO was subscribed over 76.59x on its final day till 5:00 PM on 11 September 2025.

Breakdown of subscriptions:

• QIB investors’ portion: 121.61x
• NII portion: 85.99x
• RII portion: 46.84x

The IPO received bids for 18,99,95,200 shares against an offer size of 24,80,800 shares by the close of the issue.

• Day 3 subscription: 76.59x
• Day 2 subscription: 3.45x
• Day 1 subscription: 0.94x

About Karbonsteel Engineering Company

Established in 2011, Karbonsteel Engineering Limited is a recognized engineering solutions provider specializing in the design, fabrication, and supply of heavy-duty steel structures. The company’s product range covers Heavy Steel Fabricated Structures, Precision Fabricated Steel Components, Steel Bridge Structures, and Pre-Engineered Buildings (PEBs).

Its two advanced manufacturing facilities are located in Gujarat and Maharashtra, with a combined annual production capacity of 32,400 metric tons. The company caters to large industrial, commercial, and infrastructure projects across India.

For its PEB division, the company manufactures built-up structural members, crane beams, steel columns, rafters, purlins, pipe racks, staircases, handrails, checker plates, and roof gutters, all tailored to project-specific requirements.

Key strengths include:

• Proven ability to execute large-scale industrial and infrastructure projects
• A strong order book with repeat clientele from major sectors
• Consistent adherence to quality and safety standards

Financial Report

• Revenue: ₹273.91 crores (FY 2025) vs ₹218.77 crores (FY 2024)
• Net Profit: ₹14.16 crores (FY 2025) vs ₹9.42 crores (FY 2024)
• EBITDA margins have also improved year-on-year, reflecting operational efficiency.

Karbonsteel Engineering IPO GMP

As of Thursday, 11 September 2025, the Grey Market Premium (GMP) stood at ₹26, indicating that the IPO was trading at around ₹185 per share in the grey market, a premium of ₹26 over the issue price of ₹159.