Karbonsteel Engineering IPO Sees Exceptional Demand, Subscribed 76.59x on Day 3

Karbonsteel Engineering Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription, with Karbonsteel Engineering's stock price set at ₹151-159 per share, reflecting outstanding market reception. The ₹59.30 crore IPO reached 76.59 times by 5:04:36 PM on day three, indicating exceptional investor interest in this engineering solutions provider and steel fabrication company incorporated in 2011.

Karbonsteel Engineering IPO qualified institutional buyers (ex-anchor) segment leads with a remarkable 121.61 times subscription, whilst non-institutional investors demonstrate impressive participation at 85.99 times, and individual investors show strong interest at 46.84 times, reflecting outstanding investor confidence in this company.

Subscription Status of Karbonsteel Engineering IPO:

Here are the subscription details for Karbonsteel Engineering IPO as of Day 3 (September 11, 2025, 5:04:36 PM)

Karbonsteel Engineering IPO Reservation

Key Highlights - Day 3:

• Overall subscription reached an exceptional 76.59 times, showing remarkable improvement from day two's 3.45 times
• Qualified institutional buyers displaying remarkable confidence at 121.61 times, building dramatically from day two's 4.11 times
• bNII category demonstrating remarkable performance at 102.58 times, building dramatically from day two's 6.14 times
• Non-institutional investors displaying impressive performance at 85.99 times, building dramatically from day two's 4.82 times
• sNII segment is showing impressive interest at 52.80 times, building dramatically from day two's 2.19 times
• Individual investors displaying strong confidence at 46.84 times, building dramatically from day two's 2.47 times
• Total applications reached 45,691, indicating massive investor participation for this SME IPO
• Cumulative bid amount reached ₹3,020.92 crores, significantly exceeding the issue size of ₹59.30 crores
• Karbonsteel Engineering IPO - Day 2 Subscription at 3.45 Times

Key Highlights - Day 2:

• Overall subscription reaching moderate 3.45 times, showing substantial improvement from day one's 0.94 times
• bNII segment demonstrating moderate performance at 6.14 times, building substantially from day one's 3.18 times
• Non-institutional investors showing moderate performance at 4.82 times, building substantially from day one's 2.42 times
• Qualified institutional buyers showing moderate performance at 4.11 times, building substantially from day one's 0.28 times
• Individual investors displaying moderate confidence at 2.47 times, building substantially from day one's 0.69 times
• sNII category showing moderate interest at 2.19 times, building substantially from day one's 0.90 times
• Karbonsteel Engineering IPO - Day 1 Subscription at 0.94 Times

Key Highlights - Day 1:

• Overall subscription reached limited 0.94 times, showing cautious initial investor interest
• bNII segment showing moderate interest at 3.18 times, indicating reasonable larger HNI participation
• Non-institutional investors showing moderate performance at 2.42 times, indicating solid HNI appetite
• sNII category showing limited interest at 0.90 times, indicating modest smaller HNI participation
• Individual investors displaying limited confidence at 0.69 times, showing weak retail sentiment
• Qualified institutional buyers showing minimal performance at 0.28 times, demonstrating very limited institutional appetite

About Vashishtha Luxury Fashion Limited

Incorporated in 2010, Vashishtha Luxury Fashion Limited is an Indian fashion export company engaged in high fashion hand embroidery work, accessories and finished garments, serving as a 100% export house for fashion brands in Europe, the U.K., the U.S., Australia and Turkey, offering customised apparel designs for couture and prêt-à-porter segments with operations in Mumbai through subsidiary Vashishtha Embroidery Private Limited.