Karbonsteel Engineering Ltd IPO

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.

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