Carraro India IPO subscription status started on Friday, December 20, 2024, and will close on December 24, 2024. The IPO aims to raise approximately ₹1,250.00 crores through public issuance. The allocation for investor categories includes 35% for Retail Investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (NII). The price band is set at ₹668 to ₹704 per equity share, offering an opportunity for investors to participate in this anticipated offering.
The Carraro India IPO requires a minimum market lot of 21 shares, amounting to an application value of ₹14,784. This IPO is classified as a Mainboard IPO and will be listed on the BSE.
About Carraro India
Founded in 1997, Carraro India Limited specializes in the development and supply of complex engineering products and solutions for original equipment manufacturers (OEMs). The company provides axles, transmission systems, and gears primarily for the agricultural tractor and construction vehicle industries in India. Additionally, Carraro India offers a wide range of gears for various sectors, including automotive, trucks, agriculture, and construction vehicles.
With nearly 27 years of experience in India, Carraro India has built strong relationships with both local and international suppliers. The company operates two manufacturing plants in Pune, Maharashtra: a driveline manufacturing plant and a gears manufacturing plant. The driveline plant occupies approximately 84,000 square meters, while the gears plant spans around 78,000 square meters. Carraro India currently supplies products to 38 manufacturers across India. As of September 30, 2024, the company employs 87 full-time staff members and 53 temporary workers.
GMP on IPO of Carraro India
For the latest updates on Carraro India IPO Grey Market Premium (GMP) and GMP of IPOs, please visit our IPO GMP Page. Stay informed on premium trends and investor interest before making your investment decision.
BapuKhabar View on Carraro India
We recommend investors consider applying for this IPO with a Long-Term Perspective, as it holds potential for growth in the coming years. However, before committing, it’s wise to review the QIB, NII, and Retail subscription numbers.
Carraro India IPO Subscription Status (Day Wise)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 2.33 |
| NII | 0.06 | 0.21 | 0.63 |
| RII | 0.15 | 0.37 | 0.75 |
| Total | 0.09 | 0.23 | 1.18 |
Investor Insights
Employee Category (EMP): Reserved specifically for eligible employees, providing an opportunity to invest at the IPO price.
Qualified Institutional Buyers (QIB): Typically larger institutions, including mutual funds and banks, this category has shown [interest level, e.g., strong demand].
Non-Institutional Investors (NII): Includes corporate bodies and HNIs who often bid for a significant portion.
Retail Individual Investors (RII): Subscription levels in this category reflect the enthusiasm of individual retail investors.
Carraro India IPO Review and Rating
- Recommendation: Apply
- Rating: ★☆☆☆☆ (1/5)
Carraro India IPO Forms
How to apply for the Carraro India IPO?
You can apply for the Carraro India IPO through the ASBA option available in your bank account. Simply log in to your online banking, navigate to the Invest section, and select the Carraro India IPO to apply directly. Alternatively, you can apply using IPO forms downloaded online. Download the blank Carraro India IPO forms, fill them out, and submit them at your bank or through your broker.
FAQs
When will the Carraro India IPO Subscription Start?
The IPO subscription starts on December 20, 2024, for QIB, NII, and Retail Investors.
How to Subscribe to the IPO?
You can subscribe via ASBA or non-ASBA options. Log in to your bank account and apply for the IPO through ASBA, or download the IPO application form, fill it out, and submit it to your broker or bank.
How Can I Check Live Carraro India IPO Subscription Numbers Today?
Visit our portal for live IPO subscription updates, which we refresh hourly from official sources. You can also check live subscription data on the official websites associated with the IPO.
How do you apply for the IPO through Zerodha?
- Log in to your Zerodha account (website or app).
- Go to Portfolio and select IPO.
- Select the IPO name and click on the Bid button.
- Enter your UPI ID, quantity, and price, then submit the application.
- Approve the mandate in your UPI app or Net Banking/BHIM App.
How do you apply for the IPO through Upstox?
- Log in to your Upstox account.
- Select the IPO name and click on Bid.
- Confirm your application and go to your UPI app or Net Banking/BHIM App to approve the mandate.
How do you apply for the IPO through Paytm Money?
- Log in to Paytm Money and select the IPO name.
- Click on the Bid button and confirm your application.
- Approve the mandate through your UPI app or Net Banking/BHIM App.
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