Carraro India IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 20 Dec 2024
Close Date
Tue, 24 Dec 2024
Price Band
₹ 668 – 704
Lot Size
21
Issue Size
₹ 1,250.00 Cr
Minimum Investment
₹ 14,784 (21 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Carraro India IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,250.00 Crore and an offer for sale (OFS) of 1.78 Crore equity shares aggregating to ₹1,250.00 Crore by the existing shareholders.
The Carraro India IPO remained open for subscription from December 20, 2024, to December 24, 2024. The basis of allotment was finalized on December 26, 2024, and the company's shares were listed on the NSE and BSE on December 30, 2024.
The company had fixed the price band at ₹668 to ₹704 per share, with a lot size of 21 shares. Retail investors were required to make a minimum investment of ₹14,784 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Axis Bank Limited, Bnp Paribas, and Nuvama Wealth Management Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Carraro India Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Carraro India IPO Timeline (Tentative)
- IPO Open Date
- Fri, 20 Dec 24
- IPO Close Date
- Tue, 24 Dec 24
- Basis of Allotment
- Thu, 26 Dec 24
- Initiation of Refunds
- Fri, 27 Dec 24
- Credit of Shares to Demat
- Fri, 27 Dec 24
- Listing Date
- Mon, 30 Dec 24 — NSE & BSE
Open Date
20 December 2024
Close Date
24 December 2024
Basis Of Allotment
26 December 2024
Listing Date
30 December 2024
IPO Subscription
Check Live Subscription →The Carraro India IPO has received bids for 1,46,18,226 shares against 1,30,98,803 shares offered, resulting in an overall subscription of 1.12x. the NII category is subscribed 0.6x, Retail Investors 0.71x, and QIBs 2.21x. Within the NII category, BNII is subscribed 0.42x, while SNII is subscribed 0.96x.
QIB
2.21x
NII
0.6x
BNII
0.42x
SNII
0.96x
RII
0.71x
Total
1.12x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 62,14,489 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 35,51,138 shares (20%), while Non-Institutional Investors (NIIs) receive 26,63,352 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 5,326,703 | 30% |
| Qualified Institutions | 3,551,138 | 20% |
| Non-Institutional | 2,663,352 | 15% |
| BNII | 1,775,568 | 10% |
| SNII | 887,784 | 5% |
| Retail Investors | 6,214,489 | 35% |
| Total | 17,755,682 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Carraro India Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 17.69 |
| ROCE % | 19.35 |
| Debt / Equity | 0.58 |
| RoNW % | 16.92 |
| Pat Margin % | 3.5 |
Peers Comparison
No Peer Comparision Available
About Carraro India Limited
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.
Carraro India IPO 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%
Carraro India IPO Objective
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.
Carraro India Limited Address / Contact Details
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
Carraro India IPO Lot Size
The Carraro India IPO has a lot size of 21 shares. Retail investors require a minimum investment of ₹14,784 by applying for 1 lot (21 shares). The maximum application allowed for the retail category is 13 lots (273 shares), requiring an investment of ₹1,92,192.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Axis Bank Limited
- Bnp Paribas
- Nuvama Wealth Management Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Carraro India IPO?
Carraro India IPO is a Book-building IPO with a total issue size of ₹1250 crore. The Carraro India IPO price band is ₹668 to 704 per share. The Carraro India IPO subscription opens on Fri, Dec 20, 2024, and closes on Tue, Dec 24, 2024. The Carraro India IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Carraro India IPO.
When will the Carraro India IPO open for subscription?
The Carraro India IPO opens on Fri, Dec 20, 2024 and closes on Tue, Dec 24, 2024
What is Carraro India IPO Price Band?
Carraro India IPO Price Band is ₹668 to 704 per share.
What is Carraro India IPO Lot Size?
Carraro India IPO lot size is 21 shares, Retail investors need a minimum investment of ₹14784 based on the upper price band
What is the minimum investment for Carraro India IPO?
The minimum investment for Carraro India IPO is ₹14784, based on one lot of 21 shares at the upper price band of ₹704 per share.
How to apply for Carraro India IPO?
Investors can apply for the Carraro India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Dec 24, 2024. The application amount remains blocked until the Carraro India IPO allotment is finalized.
What is Carraro India IPO Issue Size?
Carraro India IPO issue size is ₹1250 crores.
What is the Carraro India IPO Allotment Date?
Carraro India IPO allotment date is Thu, Dec 26, 2024.
Who is the Carraro India IPO Registrar?
The registrar for Carraro India IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Carraro India IPO allotment status, refund processing, and other IPO-related information.
Who is the Carraro India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Carraro India IPO are Axis Bank Limited, Bnp Paribas, and Nuvama Wealth Management Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Carraro India IPO Red Herring Prospectus (RHP).