Carraro India IPO
Open MainLineCurrent GMP
₹0 (0.00%)
Price Band
₹ 668 – 704
Lot Size
21
Issue Size
₹1250 Cr
Minimum Investment
₹14784 (21 Shares)
Listing Date
30 December 2024
Subscription
1.12x
About the Company
Carraro India Limited is an integrated supplier specializing in the development of complex engineering products for OEM customers in India. It primarily provides axles, transmission systems, gears, and other related components for the agricultural tractor and construction vehicle industries. The company, established in 1997, operates as a tier-1 solution provider, offering in-house product design, manufacturing, and R&D services.
Carraro India is part of the Carraro Group, with Carraro S.p.A. as its parent company. The company has extensive expertise in manufacturing axles, transmission systems, and gears for off-highway vehicles, focusing on agricultural tractors and construction vehicles like backhoe loaders and cranes. Its products are mission-critical for its customers' final products. Carraro India’s strong market position is built on customized products, R&D capabilities, and long-term customer relationships. The company operates two manufacturing plants in Pune, India, with state-of-the-art technologies for driveline and gears manufacturing.
Carraro India stands out for its comprehensive service offering, from design and customization to material procurement, manufacturing, and after-sales service. The company has a stable management team with over 11 years of experience, a robust supplier network in India and globally, and a solid track record of growth. In 2024, Carraro India strengthened its position by acquiring Carraro Technologies India Private Limited (CTIPL), which added an R&D center and team to enhance its innovation and competitiveness.
The company's R&D, IP rights, and in-house manufacturing capabilities have driven its success in India’s competitive market, contributing to steady profitability and growth.
Promoters
- Tomaso Carraro
- Enrico Carraro
- Carraro S.p.A
- Carraro International S.E
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
68.77%
Objects of the Issue
The Company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Promoter Selling Shareholder after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.
Address / Contact Info
Carraro India Limited
B2/ 2 MIDC,Ranjangaon,
Pune 412 220 Maharashtra,
Phone: +91 2138 662666
Email: company_secretary@carraroindia.com
Website: https://www.carraroindia.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 20 December 2024
IPO Close Date
Tuesday, 24 December 2024
Basis of Allotment
Thursday, 26 December 2024
Initiation of Refunds
Friday, 27 December 2024
Credit of Shares to Demat
Friday, 27 December 2024
Listing Date
Monday, 30 December 2024 — NSE & BSE
Important Dates
Open Date
20 December 2024
Close Date
24 December 2024
Basis Of Allotment
26 December 2024
Listing Date
30 December 2024
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1093.41 | 1072.89 | 1072.39 | 1012.44 |
| Revenue | 922.74 | 1806.55 | 1733.3 | 1520.05 |
| Profit After Tax | 49.73 | 62.56 | 48.46 | 22.43 |
| Net Worth | 419.44 | 369.82 | 337.38 | 292.49 |
| Reserve & Surplus | 0 | 0 | 0 | 0 |
| Total Borrowings | 195.78 | 212.55 | 188.33 | 178.14 |
EPS Pre
11.00%
EPS Post
17.50%
P/E Pre
63.97
P/E (Post Issue)
40.24x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 17.69 |
| ROCE % | 19.35 |
| Debt / Equity | 0.58 |
| RoNW % | 16.92 |
| PbW | 0 |
| Pat Margin % | 3.5 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 5326703 | 30 | 0 |
| Qualified Institutions | 3551138 | 20 | 0 |
| Non-Institutional | 2663352 | 15 | 0 |
| BNII | 1775568 | 10 | 0 |
| SNII | 887784 | 5 | 0 |
| Retail Investors | 6214489 | 35 | 0 |
| Total | 17755682 | 100 | 0 |
Subscription Status ( Tue, 24 Dec 24 01:02 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3742515 | 8272824 | 2.21x |
| Non-Institutional | 2806887 | 1686531 | 0.6x |
| BNII | 1871258 | 792099 | 0.42x |
| SNII | 935629 | 894432 | 0.96x |
| Retail Investors | 6549401 | 4658871 | 0.71x |
| Total | 13098803 | 14618226 | 1.12x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 21 | 14,784.00 |
| Retail (Max) | 13 | 273 | 192,192.00 |
| S-HNI (Min) | 14 | 294 | 206,976.00 |
| S-HNI (Max) | 67 | 1,407 | 990,528.00 |
| B-HNI (Min) | 68 | 1,428 | 1,005,312.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Axis Bank Limited
- Bnp Paribas
- Nuvama Wealth Management Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Carraro India IPO is a Book-building IPO worth ₹1250 crores. The price band is ₹668 to 704 per share. The IPO opens on Fri, Dec 20, 2024 and closes on Tue, Dec 24, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Carraro India IPO opens on Fri, Dec 20, 2024 and closes on Tue, Dec 24, 2024
Carraro India IPO Price Band is ₹668 to 704.
Carraro India IPO lot size is 21, and the minimum amount required for application is ₹14784.
The minimum investment for Carraro India IPO is approximately ₹14784 based on the upper price band.
To apply for the Carraro India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Dec 24, 2024. After submission, funds are blocked until the basis of allotment of Carraro India IPO is finalised.
Carraro India IPO issue size is ₹1250 crores.
Carraro India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Carraro India IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Carraro India IPO through their official website or helpline.