Comparison between Karbonsteel Engineering IPO and Star Imaging IPO.
Karbonsteel Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Star Imaging IPO is a SME Bookbuilding proposed to list at BSE SME.
| Karbonsteel Engineering IPO | Star Imaging IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Seren Capital Pvt.Ltd. | Share India Capital Services Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | SS Corporate Securities Ltd. | Share India Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Karbonsteel Engineering IPO is up to ₹56.31 Cr whereas the issue size of the Star Imaging IPO is up to ₹62.65 Cr. The final issue price of Karbonsteel Engineering IPO is ₹159.00 per share and of Star Imaging IPO is ₹142.00 per share.
| Karbonsteel Engineering IPO | Star Imaging IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹151.00 per share | ₹135.00 per share |
| Issue Price (Upper) | ₹159.00 per share | ₹142.00 per share |
| Issue Price (Final) | ₹159.00 per share | ₹142.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 1000 shares |
| Fresh Issue Size | 28,51,600 shares | 34,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹45.34 Cr | up to ₹48.85 Cr |
| OFS Issue Size | 6,90,000 shares | 9,72,000 shares |
| OFS Issue Size (Amount) | up to ₹10.97 Cr | up to ₹13.80 Cr |
| Issue Size Total | 35,41,600 shares | 44,12,000 shares |
| Issue Size Total (Amount) | up to ₹56.31 Cr | up to ₹62.65 Cr |
Karbonsteel Engineering IPO opens on Sep 09, 2025, while Star Imaging IPO opens on Aug 08, 2025. The closing date of Karbonsteel Engineering IPO and Star Imaging IPO is Sep 11, 2025, and Aug 12, 2025, respectively.
| Karbonsteel Engineering IPO | Star Imaging IPO | |
|---|---|---|
| Anchor Bid Date | Sep 04, 2025 | Aug 07, 2025 |
| Issue Open | Sep 09, 2025 | Aug 08, 2025 |
| Issue Close | Sep 11, 2025 | Aug 12, 2025 |
| Basis Of Allotment (Tentative) | Sep 12, 2025 | Aug 13, 2025 |
| Initiation of Refunds (Tentative) | Sep 15, 2025 | Aug 14, 2025 |
| Credit of Share (Tentative) | Sep 15, 2025 | Aug 14, 2025 |
| Listing date (Tentative) | Sep 16, 2025 | Aug 18, 2025 |
| Anchor Lockin End date 1 | Oct 15, 2025 | Sep 12, 2025 |
| Anchor Lockin End date 2 | Dec 15, 2025 | Nov 11, 2025 |
Karbonsteel Engineering IPO P/E ratio is 12.47, as compared to Star Imaging IPO P/E ratio of 12.01.
| Karbonsteel Engineering IPO | Star Imaging 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.
| Company Financials (Restated Consolidated)Star Imaging & Path Lab Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 72.17 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 51.78 | 71.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.47 | 12.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹224.85 Cr. | ₹247.36 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 27.19 | 40.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.63 | 29.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.30 | 0.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.75 | ₹11.82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.45 | 40.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Karbonsteel Engineering IPO Retail Individual Investors (RII) are offered 12,40,000 shares while in Star Imaging IPO retail investors are offered 12,40,000 shares. Qualified Institutional Buyers (QIB) are offered 7,08,000 shares in Karbonsteel Engineering IPO and 8,71,000 shares in Star Imaging IPO.
| Karbonsteel Engineering IPO | Star Imaging IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,60,800 shares | 13,04,000 shares |
| Market Maker Reservation | 1,88,000 shares | 4,80,000 shares |
| QIB | 7,08,000 shares | 8,71,000 shares |
| NII | 5,32,800 shares | 6,57,000 shares |
| RII | 12,40,000 shares | 15,28,000 shares |
| Employee | 0 shares | 52,000 shares |
| Others | ||
| Total | 35,41,600 shares | 44,12,000 shares |
Karbonsteel Engineering IPO subscribed 76.59x in total, whereas Star Imaging IPO subscribed 5.67x.
| Karbonsteel Engineering IPO | Star Imaging IPO | |
|---|---|---|
| QIB (times) | 121.61x | 12.85x |
| NII (times) | 85.99x | 4.38x |
| Big NII (times) | 102.58x | 5.12x |
| Small NII (times) | 52.80x | 2.89x |
| RII (times) | 46.84x | 2.32x |
| Employee (times) | 0.31x | |
| Other (times) | ||
| Total (times) | 76.59x | 5.67x |
