Carver Roboweld IPO: Listing Price, Share Price Today, Listing Gains and Review

Carver Roboweld IPO listing price and share price today

Carver Roboweld shares opened at ₹90 on BSE SME on 4 November 2026, against an issue price of ₹80 (Reported from exchange data by HDFC Sky, NewsBytes and Whalesbook). That is a listing gain of 12.5%, or ₹32,000 on the minimum application of 3,200 shares (two lots) (Calculated). The stock traded at about ₹94.50 shortly after 10:10 AM (Reported, HDFC Sky).

SME shares trade in larger lots and more thinly than mainboard stocks, so prices can move sharply. One broker site quoted a lower 18.40x subscription figure, but three other sources match the 25.80x shown here. Compare other debuts in our IPO GMP vs listing price tracker and the listed IPO list.

Carver Roboweld IPO overview

Data as of 31 October 2026, 12:30 IST (bidding closed 30 October). Confirmed = red herring prospectus (RHP), SEBI or exchange notice. Reported = media or broker summaries of the RHP. Calculated = our arithmetic. Unofficial = grey-market quotes.

The Carver Roboweld IPO ran from 28 to 30 October 2026 on the BSE SME platform and closed 25.80 times subscribed. The price band was ₹76 to ₹80 a share. One lot is 1,600 shares, and individual investors apply for two lots (3,200 shares), so the application costs ₹2,56,000 at the upper band. The ₹28.29 crore issue is entirely new shares. At ₹80 the company is worth about ₹105 crore after the issue, or roughly 30 times its FY26 profit. Allotment was finalised on 2 November and the shares listed on 4 November.

Carver Roboweld IPO allotment status and final subscription

The issue closed on 30 October 2026 25.80 times subscribed (BSE SME data, 5:04 PM, as reported by HDFC Sky and IPO Watch). That is a sharp turn: after day 2 it stood at only 0.83x, with no institutional bids. On the final day, however, QIBs bid 26.33 times their quota and NIIs 40.39 times.

Carver Roboweld IPO allotment chances for individual investors

Individual investors in an SME IPO apply for a minimum of two lots (3,200 shares, or ₹2,56,000). When demand exceeds the quota, each successful applicant gets that minimum, picked by lottery. At 19.17 times demand, roughly 1 in 19 applicants would get shares if everyone applied for the minimum. Some bid for more, so the real odds may be slightly better (Estimate).

The basis of allotment was finalised on 2 November 2026, demat credit followed on 3 November, and the shares listed on BSE SME on 4 November 2026.

Carver Roboweld IPO details at a glance

What Carver Roboweld does

Incorporated in August 2009, the company makes welding consumables: metal-cored wires, welding rods and gouging electrodes, along with welding spare parts and accessories, at a plant in Bamanbore near Rajkot, Gujarat (Reported). Capacity for wires and rods was 650 tonnes a year in July 2026. Through a subsidiary, Carver Engineering, bought in September 2025, it also rents out welding robots, regenerates forging dies and refurbishes plant and machinery from service units in Pune, Hosur and Ludhiana.

The customer base is narrow. According to RHP summaries, all of its operating revenue comes from the forging industry, and the top ten clients account for more than 80% of sales (Reported). Promoters Ranjit Chandrabhai Bose, Rajit Chandra Bose and Deval Ranjitbhai Bose own 90.07% before the issue and 65.77% after it.

Carver Roboweld financials: revenue, profit and margins

Revenue grew slowly, about 9% in FY26, yet profit more than doubled because the margin jumped from about 20% to 31% (Calculated). Part of that change likely reflects the higher-margin robot-rental and die-regeneration work added with the subsidiary, so FY26 is not a clean like-for-like year. Meanwhile the balance sheet improved: net worth rose from ₹4.56 crore to ₹16.13 crore in FY26, and borrowings fell from ₹22.32 crore to ₹12.27 crore by June 2026 (Reported).

Carver Roboweld IPO valuation: what ₹80 a share implies

• Post-issue market value: about ₹105 crore at ₹80 (Calculated: 1,31,02,805 shares × ₹80).
• P/E after the issue: about 30 times FY26 profit (Calculated).
• On the June quarter annualised: about 17.6 times (Calculated; ₹1.49 crore × 4).
• Price to book: about 4.3 times June 2026 net asset value (Reported).

The headline multiple depends on which earnings you trust. On FY26 profit the issue looks expensive for a ₹27 crore-revenue company; on the stronger June quarter it looks moderate. However, one quarter of a small, concentrated business is a thin basis for a valuation.

How Carver Roboweld will use the IPO money

• ₹11.99 crore to buy welding robots for the rental business.
• ₹8.60 crore to repay or prepay borrowings.
• About ₹7.70 crore for general corporate purposes (as reported by one broker page).

After the repayment, borrowings would drop to roughly ₹3.7 crore from the June 2026 level (Calculated, ignoring new debt), so the issue largely de-leverages the company while funding more robots.

Carver Roboweld IPO GMP today

We still found no meaningful grey-market premium for Carver Roboweld after bidding closed: the tracker we checked showed nil on 30 October (Unofficial; single source). Thin SME quotes often lag a late surge in demand like this one. GMP is unregulated and not a forecast of the listing price. See our GMP guide.

Carver Roboweld IPO lot size and minimum investment

The individual portion is 11,80,800 shares, so only about 369 applications of 3,200 shares can be allotted (Calculated from the reported reservation). Even modest demand would mean a lottery.

Carver Roboweld IPO review: strengths and risks

Strengths

• All of the money goes to the company, split between growth (robots) and debt repayment.
• Margins and profit improved sharply in FY26 and again in the June 2026 quarter.
• A combined model: consumables plus robot rental and die regeneration for the same customers.

Risks

• One industry: all operating revenue comes from forging companies.
• Client concentration: the top ten clients bring in over 80% of sales.
• Valuation: about 30 times FY26 profit after the issue.
• Compliance record: RHP summaries flag past delays in statutory dues and filings.
• Size and liquidity: a ₹28 crore SME issue with large trading lots.

Our Scouter Reading: 2,800, Base

We score Carver Roboweld at 3,200 out of 10,000 on our earlier v1 research scale, at the low end of the Charged band. Points for: a fresh issue that funds robots and cuts debt, plus rising margins. Points against: dependence on one industry and a handful of clients, a high multiple on FY26 profit and a flagged compliance history. The Scouter Reading rates the research case; it is not a recommendation to apply or avoid.

How to check Carver Roboweld IPO allotment status

The basis of allotment is expected on 2 November 2026. You can check by PAN or application number on the registrar’s site, Bigshare Services, or on the BSE allotment page. Shares should reach demat accounts on 3 November, before listing on 4 November. Our allotment status guide covers each method.

What to watch before the Carver Roboweld listing

• 2 November, basis of allotment: check your status on Bigshare Services or the BSE page.
• 4 November, listing: BSE SME sets the opening price in a pre-open session; SME stocks can then move up to 5% from that price on day 1.
• The RHP’s customer table, to see how dependent sales are on the largest forging clients.

Other recent SME issues: Core4 Engineers (listed 30 October at ₹74.40, 20% below its issue price) and Wiscon Industries (lists 3 November). See all SME IPOs.

Carver Roboweld IPO: frequently asked questions

Sources: BSE public issues · Bigshare Services (registrar) · Zerodha

Figures are from the sources named and may change; read the RHP before investing. SME shares can be thinly traded.