Carraro India IPO is a book-built issue worth ₹1,250.00 crores. The entire issue consists of an offer for sale of 1.78 crore shares.
The subscription for the Carraro India IPO opened on December 20, 2024, and will close on December 24, 2024. The allotment of shares is expected to be finalized on Thursday, December 26, 2024. The IPO is set to list on the BSE and NSE, with a tentative listing date scheduled for Monday, December 30, 2024.
Carraro India operates in the automotive and industrial sector, specifically focusing on the manufacture of transmission systems, axles, and gears for agricultural tractors and construction vehicles. They are an independent tier-1 solution provider, offering complex engineering products and solutions for original equipment manufacturers (OEMs).
The price band for Carraro India IPO is set between ₹668 and ₹704 per share. Investors must apply for a minimum lot size of 21 shares, requiring a minimum investment of ₹14,784 for retail investors. Small Non-Institutional Investors (sNII) need to invest in at least 14 lots (294 shares), amounting to ₹2,06,976. For Big Non-Institutional Investors (bNII), the minimum investment is 68 lots (1,428 shares), totaling ₹10,05,312.
Axis Bank Limited, BNP Paribas, and Nuvama Wealth Management Limited are the book-running lead managers for this IPO, while Link Intime India Private Ltd serves as the registrar.
Carraro India IPO Details:
| Company Name | Carraro India Limited |
| Sector | Automotive and Industrial |
| IPO Type | Mainboard |
| IPO Open date | 20th Dec 2024 |
| IPO Close date | 24th Dec 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Carraro India IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 21 | 14,784 |
| sHNI (Min) | 14 | 294 | 2,06,976 |
| bHNI (Min) | 68 | 1428 | 10,05,312 |
Carraro India IPO Timeline:
| IPO Open Date | 20th Dec 2024 |
| IPO Close Date | 24th Dec 2024 |
| Basis of Allotment | 26th Dec 2024 |
| Refund Initiation Date | 27th Dec 2024 |
| Shares Credit to Demat | 27th Dec 2024 |
| Listing Date | 30th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Carraro India’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Automotive and Industrial Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Carraro India and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
