Carraro IPO
IPO Details
- Open Date
20 Dec 2024
- Close Date
24 Dec 2024
- IPO
Price Range
₹ 668 to ₹ 704
- IPO
Size
₹ 1250.00 Cr
- Listing Exchange
BSE, NSE
- Listing Date
30 Dec 2024
IPO Timeline
Carraro IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Dec-24 | 0 | 0.06 | 0.16 | 0.09 |
| 23-Dec-24 | 0 | 0.21 | 0.37 | 0.23 |
| 24-Dec-24 | 2.33 | 0.63 | 0.75 | 1.18 |
Last Updated: 24 December 2024 6:05 PM by 5Paisa
Carraro India IPO is set to open on 20 December 2024 and will close on 24 December 2024. Carraro India specializes in manufacturing transmission systems like axles, gears, and drives for agricultural and construction equipment.
The IPO is an offer for sale of 1.78 Cr shares, aggregating to ₹1,250.00 Cr. The price range is set at ₹668 to ₹704 per share and the lot size is 21 shares.
The allotment is scheduled to be finalised on 26 December 2024. It will go public on BSE NSE, with a tentative listing date of 30 December 2024.
Axis Bank Ltd, BNP Paribas, and Nuvama Wealth Management Ltd are the book running lead managers, while Link Intime Ltd is the registrar.
Carraro IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹1,250.00 Cr. |
| Offer For Sale | ₹1,250.00 Cr. |
| Fresh Issue | - |
Carraro IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | 14,028 |
| Retail (Max) | 13 | 273 | 182,364 |
| S-HNI (Min) | 14 | 294 | 196,392 |
| S-HNI (Max) | 67 | 1,407 | 939,876 |
| B-HNI (Min) | 68 | 1,428 | 953,904 |
Carraro IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 2.33 | 35,51,138 | 82,72,824 | 582.407 |
| NII (HNI) | 0.63 | 26,63,352 | 16,86,531 | 118.732 |
| Retail | 0.75 | 62,14,489 | 46,58,871 | 327.985 |
| Total** | 1.18 | 1,24,28,979 | 1,46,18,226 | 1,029.123 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Carraro IPO Anchor Allocation
| Anchor Bid Date | 19 December, 2024 |
| Shares Offered | 53,26,703 |
| Anchor portion Size (In ₹ Cr.) | 375.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | 25 January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 26 March, 2025 |
The company will not receive any money from the offer. Instead, all the money raised will go to the Promoter Selling Shareholder, after deducting the costs related to the offer and any applicable taxes, which will be paid by the Promoter Selling Shareholder.
Carraro India Ltd specializes in manufacturing transmission systems like axles, gears, and drives for agricultural and construction equipment. Operating two advanced plants in Pune, it serves diverse sectors with innovative, future-ready products. Its strengths include robust R&D, customized solutions, a strong supplier network, and cutting-edge production facilities.
Established in: 1997
Managing Director of Carraro India: Dr. Balaji Gopalan
Peers
Escorts Kubota Ltd
Schaeffler India Ltd
Sona BLW Precision Forgings Ltd
Ramakrishna Forgings Ltd
Action Construction Equipment Ltd
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 1,520.05 | 1,733.30 | 1,806.55 |
| EBITDA | 82.86 | 124.81 | 150.00 |
| PAT | 22.43 | 48.46 | 62.56 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 1,012.44 | 1,072.39 | 1,072.89 |
| Share Capital | 56.85 | 56.85 | 56.85 |
| Total Borrowings | 178.14 | 188.33 | 212.55 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 95.83 | 80.22 | 112.19 |
| Net Cash Generated From / (used in) investing activities | -59.45 | -61.77 | -84.68 |
| Net Cash Generated From / (used in) financing activities | 8.53 | -15.47 | -30.18 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 44.91 | 2.98 | -2.68 |
Strengths
1. Leading Tier-1 supplier of transmission systems for agricultural and construction vehicles.
2. Strong in-house R&D with proprietary IP for innovative driveline products.
3. Advanced manufacturing plants with large production capacities and cutting-edge technologies.
4. Customized solutions catering to long-standing OEM customer requirements.
5. Extensive supplier network across India and internationally for streamlined production.
Risks
1. Dependence on agricultural and construction sectors exposes the business to industry-specific risks.
2. Limited geographical presence beyond India could restrict global market penetration.
3. High reliance on a few marquee customers increases concentration risk.
4. Substantial costs for maintaining advanced technology and R&D capabilities.
5. Competition from global players may impact market share in key segments.
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FAQs
Carraro India IPO opens from 20 December to 24 December 2024.
The size of Carraro India IPO is ₹1,250.00 Cr.
The price of Carraro India IPO is fixed at ₹668 to ₹704 per share.
To apply for Carraro India IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Carraro India IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Carraro India IPO is 21 shares and the investment required is ₹14,028.
The share allotment date of Carraro India IPO is 26 December 2024
The Carraro India IPO will be listed on 30 December 2024.
Axis Bank Ltd, BNP Paribas, and Nuvama Wealth Management Ltd are the book running lead managers for Carraro India IPO.
The company will not receive any money from the offer. Instead, all the money raised will go to the Promoter Selling Shareholder, after deducting the costs related to the offer and any applicable taxes, which will be paid by the Promoter Selling Shareholder.
Contact Information
Carraro
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 IPO Register
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
Carraro IPO Lead Manager
1. Axis Bank Limited
2. BNP Paribas
3. Nuvama Wealth Management Limited
