CARRARO INDIA LIMITED

20 Dec 2024 - 24 Dec 2024 Individual Category Main Board BSE NSE

Min Investment

₹14784

Price Band

₹668-₹704

Issue Size

130.99 lakhs
Equity Shares

Lot Size

21

IPO Dates
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20 Dec 2024

Open Date

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24 Dec 2024

Close Date

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26 Dec 2024

Allotment Date

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30 Dec 2024

Listing Date

Carraro India IPO open date is on 20 December to 24 December 2024. This new IPO is a book-built issue of 1.87 crore equity shares. This upcoming IPO is offering entirely an offer-for-sale. There is no fresh issue available.Carraro India IPO price band is Rs 668 to Rs 704 per share. Carraro India IPO GMP live is 101 indicating mild bullish sentiment for this IPO among investors. Live IPO Grey Market Premium details are visible online. Carraro India IPO lot size is of 21 shares. The IPO allotment status will be finalised on Tuesday, December 26, 2024. The minimum investment for the retail investors for 1 lot is expected to be Rs 14,784. The registrar for the Carraro India IPO is Link Intime India Limited. The listing date is 30 December 2024.

Know Before Investing

Strengths icon

  • Top supplier of transmission systems for agriculture and construction
  • Strong R&D and diverse products for multiple industries
  • Advanced facilities and experienced leadership ensure efficiency.

Weaknesses icon

  • Demand depends on agriculture and infrastructure growth
  • Faces tough competition from global and local players
  • Steel price fluctuations may affect margins.

About Carraro India Limited

Carraro India Limited was incorporated in 1997, manufactures machine components ranging from smallest gear to Tractor manufacturing.  Carraro India Limited designs, manufactures and sells transmission systems primarily for agricultural and construction equipment for off-highway vehicles. The company also offers a wide range of gears for various sectors, including automotive, trucks, agricultural, and construction vehicles. Carraro India Limited owns and operates two manufacturing plants in Pune, Maharashtra, India.  The company’s drive line 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.

Founded

1997

Managing Director

Balaji Gopalan

Parent Organization

IPO Objectives

The funds raised from Carraro India IPO will be used for the repayment of the past borrowings and for payment of interest. Also, the funds will be utilized in the investment in the subsidiary. The remaining money will be used for general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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