Karbonsteel Engineering IPO vs Shyam Dhani Industries IPO

Comparison between Karbonsteel Engineering IPO and Shyam Dhani Industries IPO.

IPO Details

Karbonsteel Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shyam Dhani Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Karbonsteel Engineering IPO is up to ₹56.31 Cr whereas the issue size of the Shyam Dhani Industries IPO is up to ₹36.53 Cr. The final issue price of Karbonsteel Engineering IPO is ₹159.00 per share and of Shyam Dhani Industries IPO is ₹70.00 per share.

 Karbonsteel Engineering IPOShyam Dhani Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹151.00 per share₹65.00 per share
Issue Price (Upper)₹159.00 per share₹70.00 per share
Issue Price (Final)₹159.00 per share₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size28,51,600 shares52,18,000 shares
Fresh Issue Size (Amount)up to ₹45.34 Crup to ₹36.53 Cr
OFS Issue Size6,90,000 shares0 shares
OFS Issue Size (Amount)up to ₹10.97 Crup to ₹0.00 Cr
Issue Size Total35,41,600 shares52,18,000 shares
Issue Size Total (Amount)up to ₹56.31 Crup to ₹36.53 Cr

IPO Timetable

Karbonsteel Engineering IPO opens on Sep 09, 2025, while Shyam Dhani Industries IPO opens on Dec 22, 2025. The closing date of Karbonsteel Engineering IPO and Shyam Dhani Industries IPO is Sep 11, 2025, and Dec 24, 2025, respectively.

 Karbonsteel Engineering IPOShyam Dhani Industries IPO
Anchor Bid DateSep 04, 2025Dec 19, 2025
Issue OpenSep 09, 2025Dec 22, 2025
Issue CloseSep 11, 2025Dec 24, 2025
Basis Of Allotment (Tentative)Sep 12, 2025Dec 26, 2025
Initiation of Refunds (Tentative)Sep 15, 2025Dec 29, 2025
Credit of Share (Tentative)Sep 15, 2025Dec 29, 2025
Listing date (Tentative)Sep 16, 2025Dec 30, 2025
Anchor Lockin End date 1Oct 15, 2025Jan 24, 2026
Anchor Lockin End date 2Dec 15, 2025Mar 25, 2026

Financials & KPIs

Karbonsteel Engineering IPO P/E ratio is 12.47, as compared to Shyam Dhani Industries IPO P/E ratio of 13.19.

 Karbonsteel Engineering IPOShyam Dhani Industries IPO
Financials

Company Financials (Restated)

Karbonsteel Engineering Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 50% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets232.76176.14143.76
Total Income273.91218.77155.89
Profit After Tax14.169.425.11
EBITDA36.6125.7916.22
NET Worth60.3743.8028.74
Reserves and Surplus49.2738.4123.74
Total Borrowing78.5559.8348.52
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Shyam Dhani Industries Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets88.7982.4752.8427.51
Total Income63.83124.75107.6468.10
Profit After Tax4.208.046.302.92
EBITDA8.6614.5210.885.97
NET Worth27.8123.6115.569.26
Reserves and Surplus12.938.7314.428.12
Total Borrowing48.1847.2424.4512.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.1798.11
Promoter Shareholding (Post-Issue)51.7872
P/E Ratio12.4713.19
Market Cap₹224.85 Cr.₹144.59 Cr.
ROE27.1941.06
ROCE24.6339.00
Debt/Equity1.302.00
EPS₹12.75₹5.31
RoNW23.4534.07

Shares Offered

In the Karbonsteel Engineering IPO Retail Individual Investors (RII) are offered 12,40,000 shares while in Shyam Dhani Industries IPO retail investors are offered 12,40,000 shares. Qualified Institutional Buyers (QIB) are offered 7,08,000 shares in Karbonsteel Engineering IPO and 10,44,000 shares in Shyam Dhani Industries IPO.

 Karbonsteel Engineering IPOShyam Dhani Industries IPO
Anchor Investor Reservation10,60,800 shares15,60,000 shares
Market Maker Reservation1,88,000 shares2,80,000 shares
QIB7,08,000 shares10,44,000 shares
NII5,32,800 shares7,86,000 shares
RII12,40,000 shares18,28,000 shares
Employee0 shares0 shares
Others
Total35,41,600 shares52,18,000 shares

Bids Received (Subscription)

Karbonsteel Engineering IPO subscribed 76.59x in total, whereas Shyam Dhani Industries IPO subscribed 988.29x.

 Karbonsteel Engineering IPOShyam Dhani Industries IPO
QIB (times)121.61x256.24x
NII (times)85.99x1,612.65x
Big NII (times)102.58x1,849.56x
Small NII (times)52.80x1,138.83x
RII (times)46.84x1,137.92x
Employee (times)
Other (times)
Total (times)76.59x988.29x

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