Carraro India Ltd is a technology driven engineering products manufacturer company for Original Equipment Supplier (OEM). The company primarily manufactures axles and transmission systems for agriculture tractors and construction vehicles, including soil compactors, cranes, gears, self-loading concrete mixers, small motor grades, etc. It operates two manufacturing plants in Pune, Maharashtra, India. Its driveline manufacturing plant is located across 84,000 square meters and gears manufacturing plant is located across 78,000 square meters.
Carraro India IPO open date is December 20, 2024 and the IPO will close on December 24, 2024. Carraro India IPO price band is ₹668 to ₹704 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Carraro India IPO to list on BSE, NSE on December 30, 2024. The allotment of Carraro India IPO date is December 26, 2024. The company reported revenue of ₹1,806.55 crores in 2024 against ₹1,733.3 crore in 2023. The company reported profit of ₹62.56 crores in 2024 against Profit of ₹48.46 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Carraro India IPO Details
| IPO Open Date: | December 20, 2024 |
| IPO Close Date: | December 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹668 to ₹704 Per Share |
| Issue Size: | Approx ₹1,250.00 Crores |
| Offer for Sale: | Approx 1,77,55,680 Equity Shares |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Carraro India IPO Timeline
The Carraro India IPO date is December 20 and the close date is December 24. The Carraro India IPO allotment will be finalized on December 26 and the IPO listing on December 30.
| IPO Open Date: | December 20, 2024 |
| IPO Close Date: | December 24, 2024 |
| Basis of Allotment: | December 26, 2024 |
| Refunds: | December 27, 2024 |
| Credit to Demat Account: | December 27, 2024 |
| IPO Listing Date: | December 30, 2024 |
Carraro India IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹668.00-704.00 |
| Market Lot: | 21 Shares |
| 1 Lot Amount: | ₹14784 |
| Min Small HNI Lots(2-10 Lakh): | 294 shares (14 lots) – ₹206976 |
| Min Big HNI Lots(10+ Lakh): | 1428 shares (68 lots) – ₹1005312 |
Carraro India Limited: Revenue, Profitability, and Growth Insights
Carraro India Limited’s revenue increased by 4% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,093.41 | 1,072.89 | 1,072.39 | 1,012.44 |
| Revenue | 922.74 | 1,806.55 | 1,733.3 | 1,520.05 |
| Profit After Tax | 49.73 | 62.56 | 48.46 | 22.43 |
| Net Worth | 419.44 | 369.82 | 337.38 | 292.49 |
| Total Borrowing | 195.78 | 212.55 | 188.33 | 178.14 |
