Carraro India IPO Details
The Carraro India IPO is a book build issue with a total issue size of ₹1250 cr, and a offer for sale of 17755680 equity shares. Carraro India IPO opened for subscription on Dec 20, 2024 and closed on Dec 24, 2024. Carraro India IPO is set price band at ₹668 to ₹704 per share, with a lot size of 21 shares. Minimum investment for Retail investors was ₹14,784.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 26, 2024, and listed on both the NSE and BSE on Dec 30, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Axis Bank Limited, Bnp Paribas and Nuvama Wealth Management Limited are the Book Running Lead Manager for the issue.
Before investing in the Carraro India IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 668 – 704
- Lot Size
- 21
- Issue Size
- ₹1250 Cr
- Minimum Investment
- ₹14784 (21 Shares)
- Listing Date
- 30 December 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Axis Bank Limited
- Bnp Paribas
- Nuvama Wealth Management Limited
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 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.
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 per share.
Carraro India IPO lot size is 21 shares, Retail investors need a minimum investment of ₹14784 based on the upper price band
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.
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.
Carraro India IPO issue size is ₹1250 crores.
Carraro India IPO allotment date is Wed, Jul 1, 2026.
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.