Carbonsteel Engineering IPO: Mumbai’s structural engineering and fabrication corporate Karbonteel Engineering is totally ready to deliver its IPO. The corporate’s IPO will open for subscription on September 8, whose worth band has been mounted at ₹ 151 to ₹ 159 in keeping with percentage. The corporate goals to boost ₹ 59.3 crore thru this IPO. This IPO might be of 37,29,600 stocks, out of which 30,39,600 new stocks might be issued and six.9 lakh stocks might be offered below promoter offer-for-cell (O.S). Promoter Shiranik Kirit Shah will promote 4.14 lakh stocks and Mittal Shiranik Shah will promote 2.76 lakh stocks.
Necessary dates of IPO
How will the corporate use the raised quantity?
The corporate will use the cash gained from this IPO in lots of duties:
How is the corporate’s monetary well being?
Karbonteel Engineering lately has two production amenities, one in Umbergaon (Gujarat) and the opposite in Khopoli (Maharashtra). Its general annual manufacturing capability is 36,000 MT. The corporate earned a benefit of ₹ 14.2 crore within the monetary 12 months led to March 2025, which is 50.2% greater than the former 12 months’s ₹ 9.4 crore. Right through this era, the corporate’s income greater by means of 25% to ₹ 273 crore, which used to be ₹ 218.3 crore remaining 12 months. Tell us that Seren Capital is operating as a e book working lead supervisor for this IPO.