Carraro India IPO
- IPO Date20 Dec, 2024 to 24 Dec, 2024
- Listing Date30 Dec, 2024
- Face Value₹10 per share
- Issue Price₹668 to ₹704 per share
- Lot Size21 Shares
- Minimum Investment₹14,784
- Listing AtBSE, NSE
- Total Issue Size1,77,55,680 Shares
(aggregating up to ₹1250.00 Cr) - Fresh Issue-
- Offer for Sale1,77,55,680 Shares
(aggregating up to ₹1250.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue5,68,51,538
- Shareholding post issue5,68,51,538
IPO Dates
Closing Date
24 Dec, 2024
Initiation of Refunds
27 Dec, 2024
Listing Date
30 Dec, 2024
20 Dec, 2024
Opening Date
26 Dec, 2024
Basis of Allotment
27 Dec, 2024
Credit of Shares
Carraro India Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 273 | ₹1,92,192 |
| Retail (Min) | 1 | 21 | ₹14,784 |
| B-HNI (Min) | 68 | 1428 | ₹10,05,312 |
| S-HNI (Min) | 14 | 294 | ₹2,06,976 |
| S-HNI (Max) | 67 | 1407 | ₹9,90,528 |
Carraro India Promoter Holding
Tomaso Carraro, Enrico Carraro, Carraro S.p.A and Carraro International S.E are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 68.77% |
Carraro India COMPANY INFORMATION
Carraro India IPO is a book built issue of Rs 1,250.00 crores. The issue is entirely an offer for sale of 1.78 crore shares. Carraro India IPO opens for subscription on December 20, 2024 and closes on December 24, 2024. The allotment for the Carraro India IPO is expected to be finalized on Thursday, December 26, 2024. Carraro India IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 30, 2024. Carraro India IPO price band is set at ₹668 to ₹704 per share. The minimum lot size for an application is 21. The minimum amount of investment required by retail investors is ₹14,784. The minimum lot size investment for sNII is 14 lots (294 shares), amounting to ₹2,06,976, and for bNII, it is 68 lots (1,428 shares), amounting to ₹10,05,312. Axis Bank Limited, Bnp Paribas, Nuvama Wealth Management Limited are the book running lead managers of the Carraro India IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Carraro India IPO RHP for detailed information.
Incorporated in 1997, Carraro India is engaging in manufacturing components ranging from the smallest gear to complete tractor manufacturing.
The company designs, manufactures, and sells transmission systems (axles, transmissions, and drives) primarily for agricultural and construction equipment for off-highway vehicles. It also offers a wide range of gears for various sectors, including automotive, trucks agricultural, and construction vehicles.
The company owns and operates two manufacturing plants in Pune, Maharashtra, India. The driveline manufacturing plant occupies a plot area of approximately 84,000 square meters, while the gear manufacturing plant covers an area of approximately 78,000 square meters.
The driveline plant has technologies including casting, machining, assembly, prototyping, testing, and painting. The gears plant features machining and heat treatment technologies such as carburizing, induction, hardening, and nitriding.
Products:
- Agricultural tractors: They manufacture axles and transmission systems for agricultural tractors which include special requirements on technical specifications, use cases, and mechanical and structural design.
- Construction vehicles: They manufacture gears and transmission systems for backhoe loaders, compact wheel loaders, telehandlers, cranes, forklifts, aerial working platforms, etc.
- Others: They manufacture a diverse range of products beyond their core offerings of axles and transmissions for agricultural and construction equipment, which include additional products such as gears, shafts, and ring gears for industrial and automotive vehicles.
The company has developed expertise in the agricultural tractor and construction vehicle industry in India and has established a network of 220 suppliers across eight states in India, along with 58 suppliers internationally.
As of September 30, 2024, the company's local quality and after-sales team consisted of 87 full-time employees and 53 contractual temporary employees.
Competitive Strengths:
- Tier 1 suppliers of transmission systems and a key supplier of axles in India's agricultural tractor and construction vehicle industries with competitive moats for mission-critical and complex driveline components.
- Customer-centric offering of customized solutions to a longstanding OEM customer base
- Longstanding relationships with marquee local and international supplier base
- Strong, in-house R&D capabilities with proprietary IP rights to facilitate innovation of future-ready products
- Technologically advanced manufacturing plants with large production capacities and in-house gear production capabilities
FAQs About Carraro India Ipo
Carraro India IPO will open on 20 Dec, 2024 and close on 24 Dec, 2024. Investors must apply within this period to participate.
The Carraro India IPO price band is set between ₹668.00 and ₹704.00 per share. The minimum lot size is 21, requiring an investment of at least ₹14784.00.
The Carraro India IPO shares are expected to be listed on 30 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Carraro India IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Carraro India IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.