Karbonsteel Engineering Ltd IPO
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Karbonsteel Engineering Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 37.3 L | ₹ 6.9 L | TBA | ₹ 80.12 L | BSE | ₹ 59.3 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 08 Sep, 25 | 10 Sep, 25 | 1600 | ₹ 2,41,600 | Book Building - SME | 15 Sep, 25 |
Karbonsteel Engineering Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering - Turnkey Services |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 3729600 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Karbonsteel Engineering Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 15.05 | 8.56 | 4.30 |
| EBITDA | 17.41 | 10.31 | 5.90 |
| PAT | 9.42 | 5.11 | 2.05 |
| Total Assets | 141.38 | 123.19 | 83.76 |
| Share Capital | 5.38 | 5.00 | 5.00 |
| Total Borrowings | 28.58 | 29.64 | 30.69 |
| Operating Activities (Net Cash) | 11.78 | 6.86 | 3.65 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 28.58 | 29.64 | 30.69 |
| Net Cashflow | 9.41 | 13.43 | 4.79 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Karbonsteel Engineering Ltd
Our Company was incorporated on April 21, 2011 under the name of Karbon Steelmart Private Limited, a private limited Company under the provisions of the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Maharashtra. Further, Pursuant to Special Resolution passed by the shareholders at the Extra-Ordinary General Meeting held on January 15, 2022, the name of our Company was changed from Karbon Steelmart Private Limited to Karbonsteel Engineering Private Limited and a fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai, Maharashtra, on March 2, 2022. Thereafter, our Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary general meeting held on May 09, 2024 and the name of our Company was changed from Karbonsteel Engineering Private Limited to Karbonsteel Engineering Limited vide fresh certificate of incorporation dated June 24, 2024 issued by the Registrar of Companies, Central Processing Centre.
The Indian steel structural market is growing quickly as the country's economic growth and infrastructure development are rising. Structural Steel form the backbone of construction projects in India, playing a critical role in bridges, highways, railways, buildings, high-rise structures, and industrial facilities. From FY 2022 onwards, steel structural consumption has steadily increased from 7,067 thousand tonnes to 10,221 thousand tons in FY 2024, signaling a recovery in industrial activities. The most significant growth occurred in 2023-24, where consumption surged to 10,221 thousand tonnes recording 24% y-oy increase in FY 2024 against 16% and 8% growth in the previous two years, respectively.
We are a structural engineering and fabrication company engaged primarily in the design, fabrication and assembly of heavy and precision steel structures, customized to meet clients' requirements across various industrial and infrastructure segments. We have delivered structural engineering and fabrication solutions in diverse sectors including steel plants, railway bridges, oil & gas plants, refineries, chemical plants and other industrial units. Our fabricated structures form an integral part of the construction, expansion or modernization of industrial and infrastructure projects, including industrial plants, high rise buildings, railway bridges and other large-scale developments.
Peer Comparison:
- Atmastco Ltd
- Goodluck India Ltd
Karbonsteel Engineering Ltd IPO Key Points
Strengths
- Capabilities to execute large-scale industrial and infrastructure projects.
- Strong Order Book.
- In-House manufacturing and testing capabilities.
- Strong relationship with customers.
- Experienced Promoters with strong management team having domain knowledge.
Risk
- Our business is substantially dependent on certain key customers, from whom we derive a significant portion of our revenues. The loss of any significant customer may have a material and adverse effect on our business and results of operations.
- Our business is exposed to risks relating to delays in project execution and cost overruns, which may adversely affect our business, financial condition, results of operations and prospects.
- Our business is dependent on capital investments in industrial and infrastructure sectors and any slowdown in these sectors due to economic conditions, government policies, or project specific factors may materially and adversely affect our business, financial condition and results of operations.
Strategy
- Expand our existing manufacturing facility at Umbergaon, District Valsad, Gujarat.
- Increase our presence in the segment of railway infrastructure.
- Focus on consistently meeting quality standards.
- Capabilities to execute large-scale industrial and infrastructure projects.
- Strong Order Book.
- In-House manufacturing and testing capabilities.
- Strong relationship with customers.
- Experienced Promoters with strong management team having domain knowledge.
How To Apply for Karbonsteel Engineering Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
