Carver Roboweld IPO Day 3: Subscribed 0.84x; NII Demand at 1.97x
Key Highlights
Carver Roboweld IPO (₹20 crore SME IPO) was subscribed 0.84x on Day 3 of 3, with NII at 1.97x. See category-wise subscription and day-wise bids.
Last updated: Fri, Oct 30, 2026, 12:00 PM IST · SME · · Day 3 of 3
- Carver Roboweld IPO subscribed 0.84x overall on Day 3, up from 0.24x on Day 1
- Total bids: 21,26,400 shares against 25,39,200 shares on offer
- Category-wise: —, 1.97x, 0.65x
- Price band: ₹76 to ₹80 per share
- The issue closes on Fri, Oct 30, 2026
The Carver Roboweld IPO reaches day 3 of 3 trading days with an overall subscription multiple of 0.84x as of Fri, Oct 30, 2026, 12:00 PM IST. The subscription multiple represents the number of shares bid for divided by the number of shares offered to investors. The NII category is the most-bid segment at 1.97x. The total subscription multiple increased from 0.24x on the first day to 0.84x by the third day.
Carver Roboweld IPO Status: Day 3
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 |
| Day 3 | Fri, Oct 30, 2026 | 21,26,400 | 17.01 | 0.84x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) | Day 3 bids | Day 3 (x) |
|---|---|---|---|---|---|
| QIB | 6,68,800 | — | — | — | — |
| NII | 6,89,600 | 3,55,200 | 0.52x | 13,58,400 | 1.97x |
| of which individual NII | — | 1,72,800 | — | 11,55,200 | — |
| of which corporate NII | — | 1,82,400 | — | 1,82,400 | — |
| of which other NII | — | — | — | 20,800 | — |
| Retail | 11,80,800 | 2,43,200 | 0.21x | 7,68,000 | 0.65x |
| Total | 25,39,200 | 5,98,400 | 0.24x | 21,26,400 | 0.84x |
The NII category, which includes non-institutional investors bidding above ₹2 lakh, reached 1.97x subscription. The retail category, consisting of individual investors bidding up to ₹2 lakh, reached 0.65x. No bids were recorded for the QIB category, which comprises qualified institutional buyers such as banks and mutual funds. The total number of bids across all categories reached 21,26,400 shares.
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 including metal cored wires, welding rods, and gauging electrodes for diverse industrial applications. The company provides value-added engineering services as a solution provider to the forging industry. It also supplies welding spare parts and accessories for maintenance operations. Additionally, the company offers forging die regeneration and welding robot rental services. Its primary manufacturing facility is located in Rajkot, Gujarat. The company operates service units in Pune, Hosur, and Ludhiana to support its industrial clients across the country.
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 |
The company reported a margin of 16.32% for the fiscal year 2025-26. The debt-to-equity ratio stood at 0.35x for the fiscal year 2025-26. This ratio was based on borrowings of ₹63.14 crore and a net worth of ₹179.83 crore for the same period.
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 Fri, Oct 30, 2026, 12:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.