Carraro India Limited IPO

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Auto Components & Equipments

Listed On: Dec 30, 2024 at ₹ 651.0(NSE)

₹ 14784 /21 Shares

Check Allotment

Price Summary

Last Closing

538.50 (-23.51%)

52 Week High

692.40

52 Week Low

495.00

Last Update

5-Feb-2025 3:30 PM

Carraro India IPO Details

20 Dec, 2024

Open Date

24 Dec, 2024

Close Date

26 Dec, 2024

Allotment Date

30 Dec, 2024

Listing Date

Issue Price

₹668-704 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

651.0(NSE)

Listing Date

2024-12-30

Market Lot

Retail : 21 Shares (₹14,784/-)
S-HNI : 294 Shares (₹2,06,976/-)
B-HNI : 1,428 Shares (₹10,05,312/-)

Lead Manager

Axis Bank Limited
Bnp Paribas
Nuvama Wealth Management Limited

Issue Size

OFS : 1,77,55,680 shares of ₹10(aggregating up to ₹1,250.00 Cr)

Retail Portion

35% (Number of Retail Applications: 2,95,928 Approx),
(Number of S-HNI Applications : 3,020 Approx),
(Number of B-HNI Applications : 6,039 Approx)

Subscription

1.12 times

IPO Docs

DRHP RHP ANCHOR

The IPO of Carraro India is priced at ₹668-704 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Carraro India IPO bid opening date is from Dec 20, 2024 and the bid closing date was Dec 24, 2024.
Carraro India IPO allotment result will be available on Dec 26, 2024. The tentative listing date for Carraro India is Dec 30, 2024.

The total issue size is OFS : 1,77,55,680 shares of ₹10(aggregating up to ₹1,250.00 Cr).

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	35,51,138	26,63,352 17,75,568 8,87,784	62,14,489	1,24,28,979
Day 1 - 20-12-24 05:00 PM	0.00 x	0.06 0.04 x 0.10 x	0.15 x	0.09 x
Day 2 - 23-12-24 05:00 PM	0.00 x	0.20 0.14 x 0.32 x	0.35 x	0.22 x
Day 3 - 24-12-24 05:00 PM	2.21 x	0.60 0.42 x 0.96 x	0.71 x	1.12 x

Total No. of Applications: 1,93,137 (Approx)

Retail Subscription on the basis of Applications: Retail:0.6x BHNI:0.07x SHNI:0.93x times

Carraro India Valuations

EPS Pre IPO

₹11.0/-

EPS Post IPO

₹17.50/-

P/E Pre IPO

63.97

P/E Post IPO

40.24

ROE

17.69%

ROCE

19.35%

Debt/Equity

0.58

RoNW

16.92%

PAT Margin

3.50

Carraro India Company Financials All values are in ₹ Cr.

	30-Sep-24	31-Mar-24	31-Mar-23	31-Mar-22
Assets	1,093.41	1,072.89	1,072.39	1,012.44
Revenue	922.74	1,806.55	1,733.30	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

About The Company

Incorporated in 1997, Carraro India Ltd is a leading manufacturer of transmission systems (axles, transmissions, and drives) and components for agricultural tractors and construction vehicles. The company also produces gears, shafts, and ring gears for industrial and automotive applications.

Carraro India operates two high-tech plants in Pune, Maharashtra—an 84,000 sq. m. driveline plant and a 78,000 sq. m. gear plant—utilizing machining, casting, assembly, and heat treatment.

Backed by a robust supply network consisting of 220 domestic and 58 international suppliers, the company is famous for precision manufacturing and expertise in the off-highway vehicle sector. As on September 30, 2024, Carraro India has 87 full-time employees and 53 contractual ones.

Carraro India - Strength and Weakness

Strength

Carraro India Limited is a leading supplier of axles and transmission systems.

Strong customer base with longstanding relationships in agricultural and construction markets.

Proprietary R&D capabilities drive innovation in mission-critical driveline components.

Carraro India’s two plants in Pune offer advanced manufacturing capacities.

Weakness

Heavy reliance on top customers, contributing 69.55% of revenue.

Dependence on Carraro Group for sourcing, procurement, and operations support.

Seasonal agricultural tractor business leads to potential fluctuations in revenue.

Carraro India - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 68.77%

Company Promoter(s)

Tomaso Carraro
Enrico Carraro
Carraro S.p.A
Carraro International S.E

Carraro India IPO - Issue Objectives

The Company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Promoter Selling Shareholder after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.

Carraro India IPO - Anchor Investors

Auto parts maker Carraro India mobilises Rs 375 crore via anchor book.

Aditya Birla Sun Life AMC, HSBC Mutual Fund, UTI AMC, Sundaram Mutual Fund, Motilal Oswal AMC, Edelweiss, LIC Mutual Fund, Bank of India Mutual Fund, JM Financial MF, and Trust Mutual Fund are the 10 domestic fund houses participated in the anchor book.

Apart from them, Societe Generale, Amundi Funds, Kotak Mahindra Life Insurance, Bajaj Allianz Life Insurance, Reliance Nippon Life Insurance, Tata AIA Life Insurance, SBI General Insurance, Nuvama, Copthall Mauritius, and Apah Capital Master Fund also invested in the Indian unit of Carraro Group.

Other Details

Company Contact Details

Carraro India

B2/ 2 MIDC,Ranjangaon, Pune 412 220 Maharashtra

Phone: +91 2138 662666

Email: company_secretary@carraroindia.com

Website: https://www.carraroindia.com/

Registrar Contact Details

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 India IPO - FAQs

Ans. Carraro India Limited IPO is a Mainboard IPO. The issue is priced at ₹668-704 per equity share. The minimum order quantity is 21 Shares. The IPO opens on Dec 20, 2024, and closes on Dec 24, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Carraro India Limited IPO opens on Dec 20, 2024 and closes on Dec 24, 2024.

Ans. The size of Carraro India Limited IPO is OFS : 1,77,55,680 shares of ₹10(aggregating up to ₹1,250.00 Cr).

Ans. The IPO price band is set between ₹668-704 per equity share.

Ans. To apply for Carraro India Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Carraro India Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Carraro India Limited IPO is Dec 26, 2024.

Ans. The Carraro India Limited IPO will be listed on Dec 30, 2024.

Ans. Follow the steps to check the allotment status for Carraro India Limited IPO here.