Carver Roboweld IPO
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Carver Roboweld IPO details
Schedule of Carver Roboweld
| Issue open date | 28 Oct 2026 |
| Issue close date | 30 Oct 2026 |
| UPI mandate deadline | 30 Oct 2026 (5 PM) |
| Allotment finalization | 02 Nov 2026 |
| Refund initiation | 03 Nov 2026 |
| Share credit | 03 Nov 2026 |
| Listing date | 04 Nov 2026 |
| Mandate end date | 14 Nov 2026 |
| Lock-in end date for anchor investors (50%) | 01 Dec 2026 |
| Lock-in end date for anchor investors (remaining) | 30 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Carver Roboweld
Carver Roboweld is a manufacturer of welding consumables, specifically focusing on welding rods, metal-cored wires, and gouging electrodes, while also supplying various welding spare parts and accessories. The enterprise operates a dedicated manufacturing facility situated in Bamanbore, Rajkot, Gujarat, where it produces its core consumable products. Alongside manufacturing, the business manages three service units located in Pune, Ludhiana, and Hosur. These units support the deployment of its robotic welding systems, welding automation solutions, repair and maintenance services, and overall customer support activities. The entity also provides specialized forging die manufacturing and regeneration services, along with welding robot rental services that utilize specialized operating software. Notably, the business derives its entire revenue from operations exclusively from customers operating within the forging industry. By integrating consumable production with automated robotic deployment, the organization caters directly to the operational and maintenance requirements of its forging sector clientele.
Financials of Carver Roboweld
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 28.29 |
| Fresh Issue – Proceeds go to the company | 28.29 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Capital expenditure requirements towards the purchase of welding robots | 11.99 (42.38%) |
| Repay or pre-pay certain borrowings availed by the Company | 8.60 (30.40%) |
| General corporate purposes | 7.70 (27.22%) |
Strengths
- Exclusive client base within the forging industry.
- Three distributed service units ensure efficient robotic support.
- Integrated model combining consumables and robot rentals.
- Consistent historical revenue growth and profitability.
- Dedicated Gujarat facility for consumable production.
Risks
- Revenues rely entirely on forging industry demand.
- Top ten clients generate over 80% of revenue.
- High reliance on a few suppliers for raw materials.
- Potential cost overruns from delays in robot procurement.
- History of delays in statutory dues and filings.