The counter hit a high of Rs 94.50 and a low of Rs 90. About 16.99 lakh shares changed hands on the BSE.
Carver Roboweld's IPO was subscribed 24.06 times. The IPO opened for subscription on 28 October 2026 and closed on 30 October 2026. The price band was Rs 76-80 per share.
The IPO comprised an entirely fresh issue of 35.36 lakh equity shares aggregating to approximately Rs 28.29 crore.
The company raised Rs 7.97 crore from anchor investors on 27 October 2026 through the allocation of 9.97 lakh equity shares at Rs 80 per share.
The promoter and promoter group shareholding declined to 65.77% after the IPO from 90.07% before the issue.
Carver Roboweld plans to utilise Rs 11.99 crore of the IPO proceeds towards capital expenditure for purchasing welding robots. A further Rs 8.60 crore will be used for repayment or prepayment, in full or in part, of certain outstanding borrowings from banks and financial institutions. The remaining proceeds will be allocated towards general corporate purposes.
Incorporated in August 2009, Carver Roboweld manufactures welding consumables, including metal cored wires, welding rods and gauging electrodes, and supplies welding spare parts and accessories. The company has also expanded into value-added engineering solutions for the forging industry, including forging die regeneration and welding robot rental services.
The company operates its primary manufacturing facility in Bamanbore, Rajkot, Gujarat, with additional service units in Pune, Hosur and Ludhiana. As of 11 July 2026, its installed production capacity for metal cored wires and welding rods stood at 650 tonnes per annum. Through its subsidiary, Carver Engineering, the company also provides reconditioning and refurbishment services for plant and machinery across several industries. As of 30 June 2026, the company had 68 permanent employees and 75 contract workers.
The company's total income increased 8.61% to Rs 27.12 crore in FY2026 from Rs 24.97 crore in FY2025. Profit after tax (PAT) rose 140% to Rs 3.48 crore from Rs 1.45 crore,
For the quarter ended 30 June 2026, Carver Roboweld reported total income of Rs 7.71 crore and PAT of Rs 1.49 crore, while EBITDA stood at Rs 2.84 crore. Total borrowings were Rs 12.27 crore, and net worth stood at Rs 17.62 crore.