Carraro India IPO Details
The key details of Carraro India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹1,250 Cr |
| Price Range | ₹668 - ₹704 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 21 |
| Investment (cut-off price) | ₹14,784 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 68.77% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Carraro India IPO Timelines
The IPO process for Carraro India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
20/12/2024
Start Date24/12/2024
End Date27/12/2024
Refund Initiation27/12/2024
Credit of Shares to Demat Ac30/12/2024
Listing DateCarraro India IPO Lot Size
The Carraro India IPO has a fixed lot size of 21 shares, at an upper price band of ₹704 per share, requiring ₹14,784 per lot for retail investors. Retail investors can apply for a maximum of 273 shares worth ₹192,192. For Small HNI (S-HNI), the minimum application starts at 294 shares (₹206,976) up to 1,407 shares (₹990,528), while Big HNI (B-HNI) requires a minimum of 1,428 shares amounting to ₹1,005,312.
| 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 |
| S-HNI Maximum | 67 | 1407 | ₹9,90,528 |
| B-HNI Minimum | 68 | 1428 | ₹10,05,312 |
Carraro India IPO Subscription Status
The subscription status for Carraro India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 2.33x | 0.63x | 0.75x | -- | 1.18x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹651 | ₹637.50 | ₹682 | ₹631 |
Carraro India IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹1,520.05 | ₹1489.32 | 22.43 |
| FY 2023 | ₹1,733.3 | ₹1667.71 | 48.46 |
| FY 2024 | ₹1,806.55 | ₹1722.18 | 62.56 |
| FY 2025 (6 M) | ₹922.74 | ₹855.82 | 49.73 |
About Company
Carraro India Limited is a leading technology-driven supplier, specializing in the development of complex engineering products for OEMs in the agricultural tractor and construction vehicle industries. As a Tier 1 independent provider, the company offers a comprehensive range of axles, transmission systems, gears, and related components, all designed and manufactured in-house. Established in 1997, Carraro India leverages the expertise of its parent company, Carraro S.p.A., to produce essential components for off-highway vehicles.
The company operates two advanced manufacturing plants in Pune, Maharashtra, where it utilizes cutting-edge technologies for casting, machining, assembly, and heat treatment. Carraro India also emphasizes research and development, which was further strengthened by its acquisition of Carraro Technologies India Private Limited (CTIPL) in 2024. This innovation-driven approach ensures that the company continues to offer customized, high-quality solutions, maintaining a strong competitive presence in the Indian market.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1997 | Automobile & Ancillaries | Balaji Gopalan |
Know Before Investing
Carraro India IPO Strengths
- Leading tier 1 supplier of axles and transmission systems in India.
- Strong market position with 60-65% share in construction transmissions.
- Early-mover advantage with 27 years in Indian market operations.
- Robust R&D capabilities with proprietary IP and innovation focus.
- Technologically advanced manufacturing plants with high production capacity.
- Longstanding relationships with domestic and international OEM customers.
Carraro India IPO Risks
- Top 10 customers contributed 86.29% of revenue in FY2024.
- Dependence on Carraro Group for 34.28% of total revenue.
- Related party transactions require significant capital without guaranteed returns.
- Potential product defects could lead to costly recalls.
- Disruptions at Pune plants may severely impact operations.
- Dependence on limited suppliers poses supply chain risks.
Swot Analysis for Carraro India IPO
Strengths
Global Presence, Technological Innovation, Diverse Product Range
Weaknesses
High Dependence on Agriculture Sector, Limited Brand Awareness, Operational Risks
Opportunities
Growing Agricultural Investments, Market Expansion Potential, Technological Advancements
Threats
Intense Competition, Economic Volatility, Regulatory Compliance Risks
Company Details
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/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: carraro.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Carraro India IPO are:
- Conduct an Offer for Sale of equity shares worth ₹18,116.52 million by the Promoter Selling Shareholder.
- Benefit from listing the equity shares on stock exchanges.
Axis Bank Limited, Bnp Paribas and Nuvama Wealth Management Limited are the book-running lead managers for the Carraro India IPO.