12-Dec-2024
2 mins read
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Carraro India Limited has filed its
DRHP with SEBI to prepare for its upcoming public issue. This upcoming IPO is
offering entirely an offer for sale worth up to Rs 1811.652 crores; the face
value mentioned by the company in the DRHP is Rs 10 per share.
The total aggregate size of a
public issue in rupees is up to Rs 1811.652 crore, whereas the total no. of
equity shares that will be issued by the company is not yet disclosed.
This IPO will follow the
book-building process, with not more than 50% of the offer reserved for
Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional
Investors (NIIs), and not less than 35% for retail investors is reserved.
Carraro India IPO open date and close date have not yet been declared. The price band & lot size will be revealed soon by the company. The Shares to be offered through the Red Herring Prospectus are proposed by the company to be listed on the NSE and BSE.
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About Carraro India Limited
Carraro India Limited, established
in 1997, is a key player in the manufacturing sector, specializing in
transmission systems and driveline components for agricultural and construction
machinery. The company's headquarters is in Pune, Maharashtra.
The
company runs two high-tech manufacturing facilities and
a dedicated R&D center. Being a part of the
globally recognized Carraro Group, it utilizes high technologies
to provide quality products in line with the needs
of original equipment manufacturers.
With a staff count of over 1,700 employees, Carraro India is committed to innovation and operational excellence. The company is currently preparing for an Initial Public Offering (IPO) to enhance its market presence and fund future growth initiatives. Such robust financial performance underscores significant importance in the Indian automobile components industry.
Carraro India IPO Objectives
Carraro India IPO is offering entirely an offer for sale, which means the existing shareholders are offering their shares as an in-public issue; there will be no fresh issue by the company. The funds received from the public issue will be directly credited to the respective selling shareholders' bank accounts.
Carraro India Limited Financials Performance
Carraro India financials show
steady performance for the FY ended 2024, compared to FY 2023:
- Assets increased from Rs 1,045.69 crores
in March 2023 to Rs 1,056.39 crores in March 2024, a 1.02% increase.
- Revenue increased from Rs 1,695.12 crores
to Rs 1,770.45 crores, a 4.44% increase.
- Profit After Tax (PAT) increased
from Rs 46.80 crores to Rs 60.58 crores, a 29.44% increase.
- Total Borrowing increased from Rs 188.33 crores to Rs 212.55 crores, a 12.86% increase.
Lead manager(s) and Registrar of Carraro India IPO
The IPO is managed by Axis Capital Limited, BNP Paribas and Nuvama Wealth Management Limited, which is the book-running lead manager for this public issue. The company has appointed Link Intime India Private Limited as the registrar for this public issue.
Promoters of Carraro India Limited
Tomaso Carraro, Enrico Carraro, Carraro S.P.A. and Carraro International S.E are identifiable promoter(s). They collectively hold 100% of the company's shares. However, post-IPO changes in their shareholding have not yet been disclosed in the Prospectus filed by the company with SEBI. To read the full DRHP, click here.