September, 16 2025 Tuesday 16:10 Hrs
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IPO Synopsis

Karbonsteel Engineering Ltd
Initial public offer of upto 37,29,600 equity shares of face value of Rs. 10/- each (the "equity shares") of Karbonsteel Engineering Limited ("the company" or "KEL" or "the issuer") at an offer price of Rs. 159/- per equity share for cash, aggregating up to Rs. 59.30 crores ("public offer") comprising of a fresh issue of upto 30,39,600 equity shares aggregating to Rs.48.33 crores (the "fresh issue") and an offer for sale of upto 6,90,000 equity shares by the promoter selling shareholders, Shrenik Kirit Shah and Mittal Shrenik Shah ("offer for sale") aggregating to Rs. 10.97 crores, (Hereinafter refferd as "promoter selling shareholders") out of which 1,88,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 159/- per equity share for cash, aggregating Rs.2.99 crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The public offer less market maker reservation portion i.e. offer of 35,41,600 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 159/- per equity share for cash, aggregating Rs. 56.31 crores is herein after referred to as the "net offer". The public offer and net offer will constitute 26.37% and 25.04% respectively of the post-offer paid-up equity share capital of the company.
Issue
Opens On Closes On
09-Sep-25 11-Sep-25
Money Payable On
Application Allotment
159.00 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 800
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 44.92 Seren Capital Pvt Ltd
Project Financed through Current Offer (.Cr) 59.30  
Post Issue Equity Share Capital (.Cr) 14.14
Issue Price () 159.00
Projects
Funding of capital expenditure towards expansion of existing Umbergaon facility through construction of new sheds
Repayment of a portion of certain borrowings availed by the company
To meet the working capital requirements
General corporate purpose
Promoted By
Shrenik Kirit Shah
Mittal Shrenik Shah
Smitaben Kirit Shah
Listing At
BSE - SME
Registrar to the Issue
Maashitla Securities Pvt Ltd
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