Carraro India Limited IPO is opening for subscription on 20 December 2024 and it will run until 24 December 2024. This is a mainboard IPO following a book-built process. It is raising ₹1250 crores from the complete offer for sale (OFS) of 1.78 equity crore shares.
The allotment date for Carraro India Ltd. IPO will be finalized on Thursday, 26 December 2024. Carraro India shares will be probably listed on NSE and BSE on Monday, 30 December 2024 as decided as of now.
The price band of the Carraro India IPO has been set between ₹668 and ₹704 apiece. The minimum ipo lot size is 21 shares for retail investors, which amounts to a minimum investment of ₹14784. For sNII, the minimum number of lots they have to subscribe to is 14 or 294 shares, amounting to ₹206976, and for bNII, the minimum number of lots is 68 or 1428 shares aggregating to ₹1005312.
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Carraro India NSE BSE IPO Details
| Detail | Information |
| IPO Opening Date | December 20, 2024 |
| IPO Closing Date | December 24, 2024 |
| Tentative IPO Listing Date | December 30, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹668 to ₹704 per share |
| Lot Size | 21 shares |
| Total Issue Size | 17755680 shares (₹1250 Cr) |
| OFS | 17755680 shares (₹1250 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE & BSE |
| Share Holding Pre-Issue | 56851538 shares |
| NII (HNI) Shares Offered | 56851538 shares |
Carraro India Limited | Company Overview
Carraro India Limited was established in back in 1997 as a manufacturer of agricultural vehicles, and parts of construction vehicles. The company deals in from making designs to, manufacturing, to selling transmission systems including drives, axels, and transmissions. It specializes in making gears for agricultural and off-highway vehicles. Here are the details of its products and services –
- Tractors: The primary products that Carraro India manufactures are agricultural tractors’ axles and transmission systems.
- Construction vehicles: Carraro manufactures gears, and transmission systems for compact wheel loaders, backhoe loaders, cranes, aerial working platforms, forklifts, telehandlers, and other similar off-highway vehicles.
- Other Products: Apart from the above two, Carraro offers a wide range of ring gears, shafts, gears, and other similar products for automotive vehicles and other industrial uses.
- Services: The services that this firm offers include casting, machining, prototyping, painting, assembly, testing, and heat treatment services which include hardening, induction, carburizing, and nitriding.
Currently, Carraro India has two manufacturing plants both in Pune. The driveline manufacturing plant is spreading over 84000 square meters and the gear manufacturing plant is over 78000 square meters.
The client base of Carraro India includes 220 suppliers in the country and 58 globally.
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Carraro India Limited IPO | Key Details
- Carraro India IPO Opening Date: December 20, 2024,
- Carraro India IPO Closing Date: December 24, 2024,
- Allotment Date: December 26, 2024
- Price Band: ₹668 to ₹ 704 per share
- Lot Size: 21 shares
- Refunds Initiated: December 27, 2024
- Shares Credited to Demat: December 27, 2024
- Listing Date: December 30, 2024
Carraro India Ltd: Financial Overview
In FY24, Carraro India Limited’s profit (PAT) rose by 29.10% while its revenue went up by 4.23%. However, during the same period, the total borrowing increased by close to 13%.
Here are the details of the financials of the firm
Amounts in ₹ Crore
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 1,072.89 | 1,072.39 | 0.50 | 0.05 |
| Revenue | 1,806.55 | 1,733.30 | 73.25 | 4.23 |
| Profit After Tax | 62.56 | 48.46 | 14.10 | 29.10 |
| Net Worth | 369.82 | 337.38 | 32.44 | 9.62 |
| Total Borrowing | 212.55 | 188.33 | 24.22 | 12.86 |
FAQs | Carraro India Ltd IPO
Carraro India Ltd is engaged in the designing, manufacturing, and selling of gears, axles, and other parts of agricultural tractors, and other off-highway vehicles.
The tentative IPO listing date of Carraro India has been fixed as Monday, December 30, 2024.
The bidding date for the Carraro India IPO is December 20, 2024, and it will continue until December 24, 2024.
The minimum IPO lot size for Carraro India is 21 shares. For sNII, the minimum number of lots to be purchased is 14, while for bNII it is 68 lots.
The IPO allotment is expected to be finalized on Thursday, December 26, 2024.
The IPO face value is set at ₹10 per share.
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