Karbonsteel Engineering IPO subscribed over 3.45x on Day 2

By Jagat Joshi
September 10, 2025
6:18 pm
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By Jagat Joshi
September 10, 2025

Karbonsteel Engineering IPO subscription started on Tuesday, September 9, 2025, and will close on September 11, 2025, as per the schedule. The price band is set at ₹151 to ₹159 per share with a face value of ₹10.

Karbonsteel Engineering IPO Subscription Status

Karbonsteel Engineering IPO subscribed over 3.45x on its second day till 5.00 PM on 10 September 2025.

Karbonsteel Engineering IPO subscription QIB investors’ portion is 4.11 times, while NII subscribed 4.82 times, and RII investors subscribed 2.47 times.
The company has received bids for 85,46,400 shares against 24,80,800 shares on offer on the second day of subscription.
Karbonsteel Engineering IPO subscribed over 3.45x on its day 2.
Karbonsteel Engineering IPO subscribed over 0.94x on its day 1.

About Karbonsteel Engineering Company

Karbonsteel Engineering Limited was founded in 2011 and is a reputable firm in terms of engineering solution providers. The company has specialisation in designing, manufacturing, and supplying high-quality products across various industries. The company provides various services like Heavy Steel Fabricated Structures, Precision Fabricated Steel Structures, Steel Bridge Structures, and Pre-Engineered Buildings. As it has two main states for operating two manufacturing facilities, Gujarat and Maharashtra, heavy steel structures, PEBs, and steel bridges can produce around 32,400 metric tons per year.

Additionally, in PEBs, they include built-up structural members, crane beams, steel columns, rafters, purlins, pipe racks, staircases, handrails, checker plates, and roof gutters, as required and specified for each project. Further, the ability to carry out large industrial and infrastructure projects effectively, having a strong order book, and other satisfactory things are the company’s competitive strengths.

Karbonsteel Engineering Financial Report

The company reported revenue of ₹273.91 crores in 2025 against ₹218.77 crores in 2024. The company reported a profit of ₹14.16 crores in 2025 against a profit of ₹9.42 crores in 2024.

Karbonsteel Engineering IPO GMP:

Karbonsteel Engineering IPO GMP was ₹20 as of Wednesday, 10 September 2025. That indicates the IPO is trading at ₹179 with a ₹20 premium in the grey market against the issue price of ₹159.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.