Carver Roboweld IPO

GMP History

Financial Performance

As disclosed by Carver Roboweld in its offer document.

Strengths and risks

Taken from Carver Roboweld's own offer document — not Arthneeti's assessment.

• ✓The company’s promoters, Ranjit Chandrabhai Bose, Rajit Chandra Bose, and Deval Ranjitbhai Bose, collectively have around 16 years of experience in the welding industry. Their experience covers welding consumables manufacturing, robotic welding, process improvement, and business development.
• !The company derives a significant portion of its revenue from a limited number of customers. Its top 10 customers contributed Rs 6.68 crore (86.73%) in the quarter ended June 30, 2026, Rs 21.83 crore (80.78%) in FY26, Rs 21.07 crore (84.77%) in FY25, and Rs 15.89 crore (73.34%) in FY24. Any loss of these customers or reduction in business from them could adversely affect the company’s revenue, profitability, and cash flows.
• ✓The company operates a manufacturing facility in Bamanbore, Rajkot, Gujarat, and service units in Pune, Ludhiana, and Hosur. This network enables it to serve customers across western, southern, and northern India.
• !The company’s purchases are heavily dependent on a limited number of suppliers. Its top 10 suppliers accounted for Rs 3.07 crore (90.82%) of total purchases in the quarter ended June 30, 2026, Rs 14.03 crore (92.43%) in FY26, Rs 11.98 crore (94.26%) in FY25, and Rs 9.34 crore (87.15%) in FY24. Any disruption in relationships with these suppliers, or an inability to find suitable alternatives on acceptable terms, could adversely affect the company’s operations and profitability.

About Carver Roboweld

̌Carver Roboweld Limited is a manufacturer of welding consumables and provides engineering services to the forging industry. Its products include metal-cored wires, welding rods, gauging electrodes, welding spare parts, and accessories used in welding operations and equipment maintenance. The company also offers forging die regeneration and welding robot rental services. Its subsidiary, Carver Engineering Private Limited, provides reconditioning and refurbishment services for plant and machinery across industries such as forging, casting, cement, steel, sugar, power, petroleum, automotive, and fabrication. Its services include hammer and component repairs, structural fabrication, machining, and turnkey engineering projects. The company’s primary manufacturing facility is located in Rajkot, Gujarat. It also operates service units in Pune, Hosur, and Ludhiana. As of July 11, 2026, its installed annual production capacity for metal-cored wires and welding rods was 650 tonnes. The company sources raw materials from domestic suppliers and international markets, including China, the United States, and the Netherlands.