IPO Schedule
1
Open
9 Sept
2
Close
11 Sept
3
Allotment
12 Sept
4
Listing
16 Sept
Karbonsteel Engineering Ltd IPO
Issue:₹159
List:₹185.1
CMP:₹167
NSELot: 800Infrastructure Developers & Operators
LISTEDSME
Issue Price₹159
Listing₹185.1
Current₹167
Content
About Karbonsteel Engineering Ltd
Karbonsteel Engineering Ltd is an engineering company focused on providing comprehensive solutions in the steel industry. They specialize in manufacturing and supplying a range of steel products and related services.
Subscription Status
QIB
0.28x
NII
2.42x
Retail
0.69x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 121.61x | 4.11x | 0.28x |
| NII | 85.99x | 4.82x | 2.42x |
| Retail | 46.84x | 2.47x | 0.69x |
| Total | 76.59x | 3.45x | 0.94x |
Risk Factors
•SME IPOs are inherently riskier due to lower liquidity, higher volatility, and limited historical financial data compared to mainboard IPOs.
•The steel industry is cyclical and sensitive to economic fluctuations, potentially impacting revenue and profitability during downturns.
•Dependence on specific clients or projects could expose the company to concentration risk if a major client is lost or a project is delayed.
Promoters & Management
The key management personnel of Karbonsteel Engineering Limited include: Shrenik Kirit Shah (Chairman & Managing Director): He has over 19 years of experience in the steel industry. He is responsible for managing the company's operations, business development, and finance. Mittal Shrenik Shah (Whole-Time Director): She has over 6 years of experience. She oversees the overall administration function of the company. Ganesh Shripati Bhandary (Chief Financial Officer): He has over 14 years of experience in the finance sector. He is responsible for managing and overseeing the company's financial and accounting operations. Siddhi Bharatbhai Parmar (Company Secretary and Compliance Officer): She has over 5 years of experience in corporate governance and secretarial compliance. She oversees the overall corporate governance and secretarial matters of the company. The senior management personnel include: Jaideep Sudesh Mestry (Project Manager): He has over 5 years of experience in managing end-to-end project execution. Sourav Kumar (Senior Planning Engineer): He has over 11 years of experience in managing production plants and assuring quality control.