Carraro India Ltd
Price Range
₹668 - ₹704
Min. Quantity
21
Closes on
24 December 2024
Min. investment
₹14,784/273 Shares
Carraro India Ltd IPO Timeline
Carraro India Limited was incorporated as 'Carraro India Private Limited' on April 11, 1997, as a Private Limited Company issued by the Registrar of Companies, Delhi. Pursuant to allotment of Equity Shares by the Company, the Board passed a resolution on September 30, 1997, wherein Company became a deemed public company, and the name was changed to 'Carraro India Limited' with effect from September 3, 1997, pursuant to a Certificate of Incorporation endorsed by the RoC, Delhi to that effect. Subsequently, the Company was re-converted into a Private Limited Company and the name was changed to 'Carraro India Private Limited', dated March 16, 2009 issued by the RoC. Subsequently, on the conversion of Company to a Public Limited Company, the Company name was changed to 'Carraro India Limited' and a fresh Certificate of Incorporation dated August 12, 2024 was issued by the RoC.
| Event | Date |
|---|---|
| Carraro India Ltd IPO Opening Date | 20 December 2024 |
| Carraro India Ltd IPO Closing Date | 24 December 2024 |
| Basis of Allotment | 26 December 2024 |
| Initiation of Refunds | 27 December 2024 |
| Credit of Shares to Demat | 27 December 2024 |
| Carraro India Ltd IPO Listing Date | 30 December 2024 |
Carraro India Ltd IPO Details
| Carraro India Ltd IPO Date | 20 December 2024 to 24 December 2024 |
| Carraro India Ltd IPO Face Value | ₹10 per share |
| Carraro India Ltd IPO Price | ₹668 to ₹704 per share |
| Carraro India Ltd IPO Lot Size | 21 |
| Issue Size | Shares of ₹10 (aggregating up to ₹1,250 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹1,250 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 37,42,515 of the Net Offer |
| Retail Shares Offered | Not less than 65,49,401 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 28,06,887 of the Net Offer |
| Company Promoters | Tomaso Carraro, Enrico Carraro, Carraro S.p.A |
Carraro India Ltd IPO Lot Size
The Carraro India Ltd IPO lot size is 21 shares. A retail-individual investor can apply for up to 13 lots (273 shares or ₹1,92,192).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 21 | ₹14,784 |
| Maximum | 13 | 273 | ₹1,92,192 |
- Strengths
- Risks
- Opportunities
- One of the leading tier 1 suppliers of transmissions systems and a key supplier of axles in the agricultural tractor and construction vehicle industries in India with competitive moat for mission critical and complex driveline components.
- Customer-centric, one-stop shop offering 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.
- Stable and experienced senior management team with strong industry knowledge and proven track record of growing the business and achieving margin optimization.
Company Financials
Carraro India Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,056.39 | 1,787.63 | 60.58 |
| 03-2023 | 1,045.69 | 1,714.96 | 46.80 |
| 03-2022 | 987.19 | 1,503.55 | 17.05 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing the Equity Shares on the Stock Exchanges
Carraro India Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Carraro India Ltd IPO Subscription Status (Bidding Detail)
The Carraro India Ltd IPO is subscribed 1.12 times on 24 December 2024 05:00:00 PM. The public issue subscribed 0.71 times in the retail category, 2.21 times in the QIB category, and 0.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 2.21 | 0.6 | 0.71 | - | 1.12 |
Carraro India Ltd IPO Prospectus
Carraro India Ltd IPO Listing Date
| Listing Date | 30 December 2024 |
| BSE Script | 544320 |
| NSE Symbol | CARRARO |
| Listing In | BSE, NSE |
| ISIN | INE0V7W01012 |
| IPO Price | ₹704 |
| Face Value | ₹10 |
Company Contact Information
B2/2 MIDCRanjangaon,Pune-412220
Phone: +91 2138 662 666
Email: company_secretary@carraroindia.com
Website: www.carraroindia.com
Carraro India Ltd IPO Registrar
Carraro India Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- BNP Paribas
- Nuvama Wealth Management Ltd
FAQ
What is the issue size of Carraro India Ltd IPO?
I have pre-applied for Carraro India Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.