Karbonsteel Engineering IPO Subscription Status

The Karbonsteel Engineering IPO continued to draw strong investor interest on its second day of bidding, achieving an overall subscription of 3.45 times by 5:00 PM on September 10, 2025.

• Qualified Institutional Buyers (QIB): 4.11x
• Non-Institutional Investors (NII): 4.82x
• Retail Individual Investors (RII): 2.47x

By the close of Day 2, the IPO received 85,46,400 bids against a total issue size of 24,80,800 shares. The robust participation from institutional and high-net-worth investors indicates strong market confidence.

• Day 1 Subscription: 0.94x
• Day 2 Subscription: 3.45x

The rapid surge from Day 1 to Day 2 highlights rising demand as more investors evaluate the company’s strong fundamentals and growth potential.

About Karbonsteel Engineering Limited

Established in 2011, Karbonsteel Engineering Limited has earned a solid reputation as a comprehensive engineering solutions provider, specializing in the design, manufacturing, and supply of heavy-duty steel structures across multiple industries.

Key Services & Offerings:

• Heavy Steel Fabricated Structures
• Precision Fabricated Steel Structures
• Steel Bridge Structures
• Pre-Engineered Buildings (PEBs)

The company’s PEB solutions include built-up structural members, crane beams, steel columns, rafters, purlins, pipe racks, staircases, handrails, checker plates, and roof gutters, tailored to project-specific requirements.

Manufacturing Strength:
Karbonsteel operates two advanced manufacturing facilities in Gujarat and Maharashtra, with an impressive annual production capacity of around 32,400 metric tons. These facilities are equipped to handle large industrial and infrastructure projects, including heavy steel bridges and turnkey PEB projects.

Competitive Edge:

• Strong order book from infrastructure, commercial, and industrial projects.
• Expertise in executing large-scale, complex projects with high precision.
• Long-term relationships with key clients in sectors such as infrastructure, energy, and heavy industries.
• Commitment to quality standards and timely delivery, ensuring repeat business.

Financial Performance

Karbonsteel Engineering has demonstrated steady financial growth, reflecting strong demand and operational efficiency:

• Revenue: ₹273.91 crores in FY 2025, up from ₹218.77 crores in FY 2024 (~25% growth).
• Net Profit: ₹14.16 crores in FY 2025, up from ₹9.42 crores in FY 2024 (~50% increase).
• EBITDA Margins: Improved year-over-year, indicating better cost management and scaling of operations.

The company’s consistent revenue growth and rising profitability underscore its ability to capitalize on the expanding infrastructure and industrial fabrication market.

IPO Grey Market Premium (GMP)

As of Wednesday, September 10, 2025, the GMP stands at ₹20, suggesting that the shares are trading at ₹179 in the grey market, which is a ₹20 premium over the issue price of ₹159.
This healthy premium reflects positive investor sentiment and expectations of a strong listing gain.