Carraro India IPO is set to open on December 20, 2024, and will close on December 24, 2024. The Carraro India IPO is a Book Built Issue, aiming to raise approximately ₹1,250.00 crores. This includes a fresh issue of ₹[.] crores and an offer for sale of up to 1,77,55,680 equity shares. The face value of each share is ₹10.
Carraro India IPO Price band is set between ₹668 to ₹704 per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Carraro India IPO is scheduled to list on BSE & NSE on December 30, 2024, with the allotment announcement on December 26, 2024.
The company reported revenue of ₹1,806.55 crores in 2024, compared to ₹1,733.3 crores in 2023. It posted a Profit of ₹62.56 crores in 2024, compared to a Profit of ₹48.46 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Carraro India IPO Details
- Carraro India IPO Market Lot
- Carraro India IPO Dates
- About Carraro India
- Promoters of Carraro India
- Carraro India IPO Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Carraro India IPO GMP (Grey Market Premium)
- Carraro India Subscription Status
- Carraro India Allotment Status
- IPO Registrar
- IPO Lead Managers
- Carraro India Contact
- FAQs
Carraro India IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Carraro India Limited |
| Industry | Automotive and Engineering |
| IPO Issue Type | Book Built Issue |
| Open Date | December 20, 2024 |
| Close Date | December 24, 2024 |
| Total Issue Size | Approx ₹1,250.00 Crores |
| Fresh Issue | Approx ₹[.] Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹668 to ₹704 Per Share |
| Listing on | BSE & NSE |
| Lot Size | 21 Shares Per Lot |
| Offer for Sale | Approx 1,77,55,680 Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Carraro India IPO Market Lot
Carraro India IPO has a minimum lot size of 21 shares, with an amount of ₹14,784.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 21 | ₹14,784 |
| Retail Maximum | 13 | 273 | ₹1,92,192 |
| S-HNI Minimum | 14 | 294 | ₹2,06,976 |
| B-HNI Minimum | 68 | 1,428 | ₹10,05,312 |
Carraro India IPO Dates
Carraro India IPO opens on December 20, 2024, and closes on December 24, 2024. The allotment will be announced on December 26, 2024, and the IPO will be listed on December 30, 2024.
| Event | Date |
|---|---|
| IPO Open Date | December 20, 2024 |
| IPO Close Date | December 24, 2024 |
| Basis of Allotment | December 26, 2024 |
| Refunds | December 27, 2024 |
| Credit to Demat Account | December 27, 2024 |
| IPO Listing Date | December 30, 2024 |
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.
Promoters of Carraro India
- Tomaso Carraro
- Enrico Carraro
- Carraro S.p.A
- Carraro International S.E
Carraro India IPO Financial Report
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1,093.41 | 1,072.89 | 1,072.39 | 1,012.44 |
| Revenue | 922.74 | 1,806.55 | 1,733.3 | 1,520.05 |
| Profit After Tax | 49.73 | 62.56 | 48.46 | 22.43 |
| Net Worth | 419.44 | 369.82 | 337.38 | 292.49 |
| Total Borrowing | 195.78 | 212.55 | 188.33 | 178.14 |
| Amount in ₹ Crores | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.69% |
| ROCE | 19.35% |
| EBITDA Margin | 8.30% |
| PAT Margin | 3.50% |
| Debt to equity ratio | 0.58 |
| Earning Per Share (EPS) | ₹11.00 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 16.92% |
| Net Asset Value (NAV) | ₹65.05 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Escorts Kubota Limited | 96.80 | 43.21 | 11.43% | 830.45 | – Cr. |
| Schaeffler India Limited | 57.5 | 74.22 | 18.71% | 307.44 | – Cr. |
| Sona BLW Precision Forgings Limited | 8.83 | 76.93 | 18.49% | 47.75 | – Cr. |
| Ramakrishna Forgings Limited | 20.27 | 42.82 | 12.72% | 148.48 | – Cr. |
| Happy Forgings Limited | 26.78 | 47.08 | 15.07% | 171.17 | – Cr. |
| Action Construction Equipment Limited | 27.56 | 50.56 | 26.69% | 307.44 | – Cr. |
Objective of the Issue
- The Company will not receive any proceeds from the Offer. All proceeds from the Offer will be received by the Promoter Selling Shareholder, after deducting offer-related expenses and applicable taxes, which will be borne by the Promoter Selling Shareholder.
Carraro India IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Carraro India, please visit the IPO GMP page.
Carraro India Subscription Status
This IPO subscription kicks off on December 20, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Carraro India Allotment Status
To check Carraro India’s IPO IPO allotment status, visit the IPO register website Link Intime or go to the IPO Allotment page.
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 8108114949
Email: carraro.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra
Phone: +91 22 4325 2183
Email: carraro.ipo@axiscap.in
Website: www.axiscapital.co.in
Carraro India Contact
CARRARO INDIA LIMITED
B2/2 MIDC, Ranjangaon,
Pune 412 220, Maharashtra, India
Phone: +91 2138 662666
Email: company_secretary@carraroindia.com
Website: www.carraroindia.com
FAQs
What is the Carraro India’s IPO?
The Carraro India’s IPO is a Mainboard offering to raise ₹1,250 crores, with shares priced between ₹668 and ₹704 each. The shares will be listed on BSE and NSE.
When will the Carraro India’s IPO open?
The IPO will open on December 20, 2024, and close on December 24, 2024, for QIB, NII, and Retail Investors.
What is the IPO Investors’ Portion?
- 50% for QIB
- 15% for NII
- 35% for Retail
How to Apply for the IPO?
Apply via ASBA online through your bank account, UPI via stock brokers, or by filling an offline form with your stockbroker.
What is the IPO Issue Size?
The issue size is ₹1,250 crores.
Note: Carraro India’s IPO price band and date have been officially announced. Carraro India’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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