Carraro India IPO Details: The Carraro India IPO is set to open on December 20, 2024, and will close on December 24, 2024. This Book Built Issue aims to raise approximately ₹1,250 crore, consisting of a fresh issue of ₹[.] crore and an offer for sale of up to 1,77,55,680 equity shares, each with a face value of ₹10.
The price band for the Carraro India IPO is ₹668 to ₹704 per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is scheduled to list on the BSE and NSE on December 30, 2024, with allotment details to be announced on December 26, 2024.
For the fiscal year 2024, Carraro India reported a revenue of ₹1,806.55 crore, compared to ₹1,733.3 crore in 2023. The company also reported a profit of ₹62.56 crore in 2024, an increase from ₹48.46 crore in 2023. Given these financials, the IPO appears to be a promising long-term investment opportunity.
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 Review (Apply or Not)
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Carraro India IPO Date & Price Band Details:
| IPO Open Date: | December 20, 2024 |
| IPO Close Date: | December 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹668 to ₹704 Per Share |
| Issue Size: | Approx ₹1,250.00 Crores |
| Offer for Sale: | Approx 1,77,55,680 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Carraro India IPO Lot Size:
The minimum market lot for the Carraro India IPO is 21 shares, with an application amount of ₹14,784. Retail investors can apply for up to 13 lots, totaling 273 shares, or an investment amount of ₹1,92,192.
| 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 Timeline:
The Carraro India IPO will open on December 20 and close on December 24. The allotment will be finalized on December 26, with the IPO listing scheduled for December 30.
| 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 |
Carraro India IPO GMP Today:
The latest GMP for the Carraro India IPO is ₹0. With a price band of ₹704.00, the estimated listing price for the Carraro India IPO is ₹704 (cap price + today’s GMP). The expected percentage gain or loss per share is 0.00%.
Promoters of Carraro India IPO
The promoters of Carraro India Limited are Tomaso Carraro, Enrico Carraro, Carraro S.p.A, and Carraro International S.E.
About Carraro India IPO
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 primarily provides axles, transmission systems, and gears for the agricultural tractor and construction vehicle industries in India. Additionally, Carraro India manufactures a variety of gears for sectors including automotive, trucks, agriculture, and construction vehicles.
With nearly 27 years of experience in the Indian market, Carraro India has established strong relationships with both local and international suppliers. The company operates two manufacturing plants in Pune, Maharashtra—one for driveline production and another for gear manufacturing. The driveline plant occupies approximately 84,000 square meters, while the gear manufacturing plant spans around 78,000 square meters. As of September 30, 2024, Carraro India supplies products to 38 manufacturers in India and employs 87 full-time and 53 temporary employees.
Carraro India IPO Company Financial Report
The company reported revenue of ₹1,806.55 crores in 2024 against ₹1,733.3 crore in 2023. The company reported profit of ₹62.56 crores in 2024 against Profit of ₹48.46 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,520.05 | ₹1489.32 | ₹22.43 | ₹1,012.44 |
| 2023 | ₹1,733.3 | ₹1667.71 | ₹48.46 | ₹1,072.39 |
| 2024 | ₹1,806.55 | ₹1722.18 | ₹62.56 | ₹1,072.89 |
| September 2024 | ₹922.74 | ₹855.82 | ₹49.73 | ₹1,093.41 |
Carraro India IPO Valuation – FY2024
Check Carraro India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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. |
Carraro India IPO Registrar
Link Intime India Private Limited
Phone: +91-22-4918 6270
Email: carraro.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Axis Bank Limited
- Bnp Paribas
- Nuvama Wealth Management Limited
Company Address
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/
Carraro India IPO FAQs
What is Carraro India IPO?
The Carraro India IPO is a Mainboard IPO through which the company aims to raise ₹1,250 crore. The issue price is set between ₹668 and ₹704 per equity share. The IPO will be listed on both the BSE and NSE.
When will Carraro India IPO open for subscription?
The IPO will open for subscription on December 20, 2024, and will close on December 24, 2024, for QIB, NII, and Retail investors.
What is Carraro India IPO’s Investor Portion?
The investor portion is allocated as follows:
- 50% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs)
- 35% for Retail Investors
How to Apply for Carraro India IPO?
You can apply for the Carraro India IPO through ASBA online via your bank account. Alternatively, you can use UPI through your stockbroker or fill out the offline form with the assistance of your stockbroker.
What is Carraro India IPO’s Issue Size?
The issue size of the Carraro India IPO is ₹1,250 crore.
What is Carraro India IPO’s Price Band?
The price band for the Carraro India IPO is ₹668 to ₹704 per share.
What is Carraro India IPO Lot Size?
The minimum bid for the IPO is 21 shares, with an application amount of ₹14,784.
What is the Carraro India IPO Allotment Date?
The allotment date for the Carraro India IPO is December 26, 2024.
What is the Carraro India IPO Listing Date?
The IPO will be listed on the BSE and NSE on December 30, 2024.
