Incorporated in August 2009, Carver Roboweld Limited is engaged in the manufacturing of welding consumables, including Metal Cored Wires, Welding Rods and Gauging Electrodes, along with the supply of welding spare parts and accessories. The Company has also expanded its offerings to provide value-added engineering solutions to 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, enabling it to serve customers across key industrial markets in India. As of July 11, 2026, the Company had an aggregate installed production capacity of 650 tonnes per annum for Metal Cored Wires and Welding Rods, reflecting a capacity CAGR of approximately 30% between Fiscal 2025 and Fiscal 2026.
Through its subsidiary, Carver Engineering Private Limited, acquired in September 2025, the Company also provides re-conditioning and refurbishment services for plant and machinery across industries such as forging, casting, cement, steel, sugar, power, petroleum, automotive and fabrication. Its engineering services include heavy-duty machining, structural fabrication, repair and refurbishment of hammers and components, and turnkey engineering projects.
The Company has a presence across several Indian states and caters to industrial customers through its welding consumables and engineering solutions. It is ISO 9001:2015 certified and is a Sustaining Corporate Member of the American Welding Society (AWS), reflecting its focus on quality management and adherence to international welding standards.
As of June 30, 2026, the Company had 68 permanent employees and 75 contract workers.
Competitive Strengths
- Strategically located manufacturing facility and service units.
- Strategic market coverage across domestic industrial markets.
- Focus on meeting customer specifications and quality standards.
- Integrated manufacturing and value-added engineering service capabilities.
- Experienced promoter and management team with strong welding industry expertise.
- Robot rental model supporting long-term customer engagement and recurring revenue.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding the capital expenditure requirements of the Company towards the purchase of Welding Robots | ₹12 |
| Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company from banks and financial institutions | ₹9 |
| General Corporate Purpose | — |
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|---|
| Total Assets | 39 | 38 | 33 |
| Revenue | 8 | 27 | 25 |
| PAT | 1 | 3 | 1 |
| EBITDA | 3 | 8 | 5 |
| Net Worth | 18 | 16 | 5 |
| Reserves | 10 | 8 | 4 |
| Total Borrowing | 12 | 16 | 22 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,665,600 | — |
| NII / HNI | — | 512,000 | — |
| Retail (RII) | — | 1,180,800 | — |
| Market Maker | — | 177,600 | — |
| Total | — | 3,536,000 | — |
* Amount calculated at upper price band (₹80) · ** Total includes all investor categories
- 1 Initiation of Refund 02 Nov 2026
- 2 Credit of Shares to Demat 03 Nov 2026
- The IPO P/E of 18x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹4 compares to post-issue EPS of ₹5 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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