Carraro India IPO
Carraro India IPO is listed on BSE and NSE, priced at ₹668–₹704 per share. The stock debuted at ₹651. The IPO had a lot size of ₹21 shares and a minimum investment of ₹14,784.
Carraro India Limited IPO
- IPO Dates
- Dec 20, 2024 – Dec 24, 2024
- Price band
- ₹668-704 per equity share
- Minimum Investment
- ₹14,784
- Issue size
- ₹1250 Cr
- Lot size
- 21
- Allotment Date
- Dec 26, 2024
- Listing
- Dec 30, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Dec 20, 2024
Open Date
Completed
-
Dec 24, 2024
Close Date
Completed
-
Dec 26, 2024
Allotment Date
Completed
-
Dec 30, 2024
Listing Date
Completed
Price Summary
- Last closing
- 580.05 (-17.61%)
- 52 week high
- 667.55
- 52 week low
- 401.05
- Last update
Carraro India IPO Essentials
Carraro India IPO Details
Carraro India IPO is priced at ₹668-704 per share with a total issue size of 1250 crore. The IPO has a lot size of 21 shares and is listed on BSE and NSE.
- Issue price
- ₹668-704 per equity share
- Lot size
- 21 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- OFS : 1,77,55,680 shares of ₹10(aggregating up to ₹1,250.00 Cr)
- Total issue size
- 1,77,55,680 shares
(aggregating up to ₹1250 crore) - Offer for sale (OFS)
- 1,77,55,680 shares
(aggregating up to ₹1250 crore) - Listing at
- BSE, NSE
- List price
- 651.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Axis Bank Limited, Bnp Paribas, Nuvama Wealth Management Limited
Market Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 21 | ₹14,784 |
| Retail(max) | 13 | 273 | ₹1,92,192 |
Carraro India IPO Reservation
Carraro India IPO reservation details show category-wise allocation of shares. Out of the total 1,77,55,682 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 53,26,703 (30%) | |
| QIB Shares Offered | 35,51,138 (20%) | |
| NII (HNI) Shares Offered | 26,63,352 (15%) | |
| bHNI > ₹10L | 17,75,568 (10%) | 6,039 |
| sHNI < ₹10L | 8,87,784 (5%) | 3,019 |
| Retail Shares Offered | 62,14,489 (35%) | 2,95,928 |
| Total Shares Offered | 1,77,55,682 (100%) |
Carraro India IPO Analytics
Carraro India IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Carraro India IPO Subscription Status
Carraro India IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
0.06x
0.04x
0.10x
|
0.15 x | 0.09 x |
|
Day 2
23-12-24 05:00 PM
|
0.00 x |
0.20x
0.14x
0.32x
|
0.35 x | 0.22 x |
|
Day 3
24-12-24 05:00 PM
|
2.21 x |
0.60x
0.42x
0.96x
|
0.71 x | 1.12 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 1,93,137 (Approx) | —x | —x | 0.6x |
Carraro India Valuations
Earnings
- EPS Pre IPO
- ₹11.0/-
- EPS Post IPO
- ₹17.50/-
- P/E Pre IPO
- 63.97
- P/E Post IPO
- 40.24
Returns
- ROE
- 17.69%
- ROCE
- 19.35%
- RoNW
- 16.92%
- PAT Margin
- 3.50
Fundamentals
- Debt / Equity
- 0.58
Carraro India Financials( In Crs.)
| 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 |
Carraro India Company & Offer Insights
About Carraro India
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 Promoter(s)
Tomaso Carraro, Enrico Carraro, Carraro S.p.A, Carraro International S.E are the company's promoters of Carraro India.
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.
Carraro India IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Carraro India Limited | 11 | 11 | 65.05 | 63.97 | 16.92 | 10.83 | Consolidated |
| Escorts Kubota Limited | 96.8 | 96.64 | 830.45 | 43.21 | 11.43 | 3.35 | Consolidated |
| Schaeffler India Ltd | 57.5 | 57.5 | 307.44 | 74.22 | 18.71 | 9.16 | Consolidated |
| Sona BLW Precision Forgings Limited | 8.83 | 8.83 | 47.75 | 76.93 | 18.49 | 15 | Consolidated |
| Happy Forgings Limited | 26.78 | 26.75 | 171.17 | 47.08 | 15.07 | 5.2 | Consolidated |
| Action Construction Equipment Ltd. | 27.56 | 27.56 | 307.44 | 50.56 | 26.69 | 3.77 | Consolidated |
| Ramakrishna Forgings Limited | 20.27 | 20.09 | 148.48 | 42.82 | 12.72 | N/A | N/A |
Notes:
- Financial information of the Company has been derived from the Restated Consolidated Financial Information as of or for the financial year ended March 31, 2024.
- All the financial information for listed industry peer is on a consolidated basis and is sourced from the financial information of such listed industry peer available on the website of the stock exchanges, as of and for year ended March 31, 2024, except Schaeffler India Ltd as of and for year ended December 31, 2023.
- P/E Ratio for the listed industry peer has been computed based on the closing market price of equity shares, on BSE for peers, as of July 31, 2024, divided by the diluted EPS for the respective year end.
- Return on Net Worth (in %) is calculated as profit after tax for the year divided by the Net Worth at the end of the respective year.
- Net Asset Value per Equity Share represents Net Worth as at the end of the year divided by number of Equity Shares outstanding at the end of the year.
Carraro India IPO - Strengths and Risks
Carraro India IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Carraro India
+91 2138 662666
company_secretary@carraroindia.com
B2/ 2 MIDC,Ranjangaon, Pune 412 220 Maharashtra
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Carraro India IPO is a book-built IPO worth ₹1250 crore. The price band is ₹668–₹704 per share. The IPO opens on Dec 20, 2024 and closes on Dec 24, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Carraro India IPO is ₹668 to ₹704 per share.
The lot size of Carraro India IPO is 21 shares.
The minimum investment for Carraro India IPO is approximately ₹14,784 based on the upper price band .
Carraro India IPO opens on Dec 20, 2024 and closes on Dec 24, 2024.
The allotment date of Carraro India IPO is Dec 26, 2024.
Carraro India IPO is expected to be listed on Dec 30, 2024, on BSE and NSE .
Carraro India IPO listed on Dec 30, 2024. It was issued at ₹651.0(NSE) and is currently around ₹580.05 as on 13-May-2026 3:30 PM, which is approximately -17.6% versus issue price. The 52-week high is ₹667.55.
Based on listing and post-listing performance, Carraro India IPO delivered around -17.6% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Carraro India IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Carraro India IPO valuation snapshot: P/E 40.24, EPS ₹17.50/-, P/B N/A, RoNW 16.92%, and market cap N/A.
To apply for Carraro India IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Carraro India IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Carraro India IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Carraro India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Carraro India IPO allotment status on IPO Ji for quick and easy access.