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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Purchase of Welding Robots
Financing capital expenditure requirements to acquire additional welding robots for expanding the rental and automation fleet.
Repayment of Borrowings
Prepayment or repayment of outstanding borrowings obtained by the company from banks and financial institutions.
General Corporate Purposes
Funding ongoing business expenses and operational requirements.
(₹ in Crore)
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Incorporated in August 2009, Carver Roboweld Limited is an Indian engineering enterprise specializing in the production of welding consumables and automated industrial systems. The firm manufactures a range of consumables, including metal-cored wires, welding rods, and gouging electrodes, alongside supplying welding accessories and specialized replacement parts. It also delivers value-added engineering solutions tailored to the forging and heavy industrial sectors, such as forging die regeneration, hammer refurbishment, and industrial equipment maintenance. Headquartered in Rajkot, Gujarat, the company operates its primary manufacturing facility at Bamanbore in Gujarat, supported by three regional service hubs situated in Pune, Ludhiana, and Hosur. This geographic presence enables responsive on-site customer service and technical deployment across prominent industrial regions nationwide. As of July 2026, the company maintained an aggregate annual production capacity of 650 tonnes for metal-cored wires and welding rods. In addition, its subsidiary Carver Engineering Private Limited provides machinery re-conditioning and heavy-duty structural fabrication across heavy engineering sectors including steel, power, cement, and automotive. The organization utilizes a specialized operating approach that combines consumable sales with robotic welding rental arrangements powered by dedicated operating software. This rental format creates steady, recurring customer touchpoints and assists forging facilities in automating welding workflows. Carver Roboweld is certified under ISO 9001:2015 standards and holds Sustaining Corporate Membership with the American Welding Society. As of June 30, 2026, the company employed 68 permanent staff members and engaged 75 contract workers.
Carver Roboweld raised ₹7.97 crore from anchor investors on October 27, 2026, allocating 9,96,800 equity shares at ₹80 each across four institutional funds, including 31 Degrees North India Opportunities Fund, Smart Horizon Opportunity Fund, VBCube Ventures Fund II, and Brescon Opportunities Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 24 October 2026, 7:27 PM
Established Forging Sector Integration
The company maintains deep relationships across the domestic forging industry, delivering specialized consumables alongside automation equipment tailored to forging operations.
Decentralized Service Infrastructure
Operating three strategically situated service centers in Pune, Ludhiana, and Hosur complements the primary Gujarat manufacturing unit, enabling rapid on-site maintenance and client assistance.
Integrated Consumables and Robot Rental Model
Combining proprietary consumable manufacturing with robotic welding rentals creates complementary revenue streams and fosters long-term customer retention.
Standardized Quality and Certifications
Holding ISO 9001:2015 accreditation and maintaining membership in the American Welding Society underscores strict quality management practices.
Concentration in the Forging Sector
A significant portion of operational revenues depends directly on capital expenditure cycles and production volumes within the forging industry.
Customer Revenue Concentration
The firm derives a large majority of its business from its top ten clients, making operating performance vulnerable to the loss or scale-back of key accounts.
Supplier Dependency for Raw Materials
Key raw materials required for consumable production are procured from a limited pool of suppliers, exposing the business to potential supply disruptions.
Carver Roboweld Limited
Office no. 1403, Space Odyssey, Near KKV Hall, 150 Feet Ring Road, Mota Mava, Rajkot, Gujarat, 360005
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Execution Risks in Robot Fleet Expansion
Delays or cost escalations in procuring and deploying new robotic welding units could negatively impact planned capital expenditure returns.