Carver Roboweld IPO Day 1: Subscribed 0.24x; NII Demand at 0.52x
Key Highlights
Carver Roboweld IPO (₹20 crore SME IPO) was subscribed 0.24x on Day 1 of 3, with NII at 0.52x. See category-wise subscription and day-wise bids.
Last updated: Wed, Oct 28, 2026, 10:30 PM IST · SME · · Day 1 of 3
- Carver Roboweld IPO subscribed 0.24x overall on Day 1
- Total bids: 5,98,400 shares against 25,39,200 shares on offer
- Category-wise: —, 0.52x, 0.21x
- Price band: ₹76 to ₹80 per share
- The issue closes on Fri, Oct 30, 2026
The Carver Roboweld IPO opened for subscription on Wednesday, October 28, 2026. As of 10:30 PM IST on day one, the issue recorded an overall subscription multiple of 0.24x. The subscription multiple represents the number of shares bid for divided by the total shares offered. The non-institutional investors (NII) category, which includes individuals bidding above ₹2 lakh, led the demand with a subscription of 0.52x.
Carver Roboweld IPO Status: Day 1
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Wed, Oct 28, 2026 | 5,98,400 | 4.79 | 0.24x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) |
|---|---|---|---|
| QIB | 6,68,800 | — | — |
| NII | 6,89,600 | 3,55,200 | 0.52x |
| of which individual NII | — | 1,72,800 | — |
| of which corporate NII | — | 1,82,400 | — |
| Retail | 11,80,800 | 2,43,200 | 0.21x |
| Total | 25,39,200 | 5,98,400 | 0.24x |
On the first day of bidding, the NII category recorded 3,55,200 bids against 6,89,600 shares offered. The retail category, which consists of individual investors bidding up to ₹2 lakh, saw 2,43,200 bids against 11,80,800 shares offered, resulting in a subscription of 0.21x. No bids were recorded in the qualified institutional buyers (QIB) category, which consists of financial institutions like banks and mutual funds.
Carver Roboweld IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Wed, Oct 28, 2026 to Fri, Oct 30, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹76 to ₹80 per share |
| Lot size | 3,200 shares |
| Total issue size | 35,36,000 shares (₹20 crore) |
| Listing at | BSE |
| Lead managers | Smart Horizon Capital Advisors Pvt Ltd. |
| Bigshare Services Pvt Ltd |
About Carver Roboweld
Carver Roboweld Limited manufactures welding consumables such as metal cored wires, welding rods, and gauging electrodes for industrial applications. The company also supplies welding spare parts and accessories for equipment maintenance. Beyond manufacturing, it provides services including forging die regeneration and welding robot rental. Its primary manufacturing facility is located in Bamanbore, Gujarat. To support service delivery, the company operates additional units in Pune, Hosur, and Ludhiana. The business focuses on providing engineered solutions to modern industrial requirements through a team of skilled engineers and technical professionals.
Carver Roboweld Financial Highlights
| Metric | FY 2025-26 |
|---|---|
| from operations (₹ crore) | 326.96 |
| Total income (₹ crore) | 328.19 |
| Profit after tax (₹ crore) | 53.35 |
| Net worth (₹ crore) | 179.83 |
| Total borrowings (₹ crore) | 63.14 |
In the fiscal year 2025-26, the company reported a margin of 16.32%. During the same period, the debt-to-equity ratio stood at 0.35x, based on borrowings of ₹63.14 crore and a net worth of ₹179.83 crore.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Funding the capital expenditure requirements towards the purchase of Welding | 11.99 |
| Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our | 8.60 |
How to Check Carver Roboweld IPO Subscription Status
Live bidding figures are published by BSE while the issue is open. Once it closes, allotment status is published by the registrar, Bigshare Services Pvt Ltd.
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Wed, Oct 28, 2026, 10:30 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.