Carraro India IPO GMP Today, Date, Price, Subscription Status 

Carraro India IPO Overview

Axis Bank Limited, Bnp Paribas, Nuvama Wealth Management Limited are the book running  lead manager of the Carraro India IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Carraro India IPO RHP for detailed information.

Carraro India IPO Important dates

Carraro India IPO IPO opens on December 20, 2024, and closes on December 24, 2024.

IPO Open Date	Friday, December 20, 2024
IPO Close Date	Tuesday, December 24, 2024
Basis of Allotment	Thursday, December 26, 2024
Initiation of Refunds	Friday, December 27, 2024
Credit of Shares to Demat	Friday, December 27, 2024
Listing Date	Monday, December 30, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 24, 2024

Carraro India IPO Financial Performance

Carraro India Limited’s revenue increased by 4% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Carraro India IPO Key Performance Indicator

The market capitalization of Carraro India IPO is Rs 4002.35 Cr.

KPI as of Sun, Mar 31, 2024.

Carraro India IPO Objectives

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 IPO Lot Size

Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	21	₹14,784
Retail (Max)	13	273	₹1,92,192
S-HNI (Min)	14	294	₹2,06,976
S-HNI (Max)	67	1,407	₹9,90,528
B-HNI (Min)	68	1,428	₹10,05,312

Carraro India IPO Details

IPO Date	December 20, 2024 to December 24, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹668 to ₹704 per share
Lot Size	21 Shares
Total Issue Size	1,77,55,680 shares (aggregating up to ₹1,250.00 Cr)
Offer for Sale	1,77,55,680 shares of ₹10 (aggregating up to ₹1,250.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share Holding Pre Issue	5,68,51,538 shares
Share Holding Post Issue	5,68,51,538 shares

Carraro India IPO Company Overview and Services

Incorporated in 1997, Carraro India Ltd is engaging in manufacturing components ranging from the smallest gear to complete tractor manufacturing.

The company designs, manufactures, and sells transmission systems (axles, transmissions, and drives) primarily for agricultural and construction equipment for off-highway vehicles. It also offers a wide range of gears for various sectors, including automotive, trucks agricultural, and construction vehicles.

The company owns and operates two manufacturing plants in Pune, Maharashtra, India. The driveline manufacturing plant occupies a plot area of approximately 84,000 square meters, while the gear manufacturing plant covers an area of approximately 78,000 square meters.

The driveline plant has technologies including casting, machining, assembly, prototyping, testing, and painting. The gears plant features machining and heat treatment technologies such as carburizing, induction, hardening, and nitriding.

Products:

• Agricultural tractors: They manufacture axles and transmission systems for agricultural tractors which include special requirements on technical specifications, use cases, and mechanical and structural design.
• Construction vehicles: They manufacture gears and transmission systems for backhoe loaders, compact wheel loaders, telehandlers, cranes, forklifts, aerial working platforms, etc.
• Others: They manufacture a diverse range of products beyond their core offerings of axles and transmissions for agricultural and construction equipment, which include additional products such as gears, shafts, and ring gears for industrial and automotive vehicles.

The company has developed expertise in the agricultural tractor and construction vehicle industry in India and has established a network of 220 suppliers across eight states in India, along with 58 suppliers internationally.

As of September 30, 2024, the company’s local quality and after-sales team consisted of 87 full-time employees and 53 contractual temporary employees.

Competitive Strengths:

• Tier 1 suppliers of transmission systems and a key supplier of axles in India’s agricultural tractor and construction vehicle industries with competitive moats for mission-critical and complex driveline components.
• Customer-centric offering of customized solutions to a longstanding OEM customer base
• Longstanding relationships with marquee local and international supplier base
• Strong, in-house R&D capabilities with proprietary IP rights to facilitate innovation of future-ready products
• Technologically advanced manufacturing plants with large production capacities and in-house gear production capabilities

Carraro India IPO GMP Details

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Carraro India IPO Subscription Status 

Total Application : 1,93,137

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

Carraro India IPO Allotment status 

Carraro India IPO allotment is expected on Thursday, December 26, 2024.

Carraro India IPO allotment status is not available at this time. Carraro India IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Carraro India Limited IPO allotment status.

To check Carraro India IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to ipo.helpdesk@linkintime.co.in.

Carraro India IPO 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/

 

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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