Carraro India IPO Details
| IPO Issue Open Date: | 20 December 2024 |
| IPO Issue Close Date: | 24 December 2024 |
| IPO Issue Price Band: | ₹668 to ₹704 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹1,250.00 Crores | 1,77,55,680 shares |
| Fresh Issue: | ₹[.] Crores | 1,77,55,680 shares |
| Offer for Sale: | ₹1,250.00 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Carraro India IPO Prospectus:
Checkout the Carraro India IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Carraro India IPO Dates Timeline
| Issue Open Date: | 20 December 2024 |
| Issue Close Date: | 24 December 2024 |
| Basis of Allotment Date: | 26 December 2024 |
| Refunds Initiation: | 27 December 2024 |
| Shares Credit in Demat: | 27 December 2024 |
| IPO Listing Date Detail: | 30 December 2024 |
Carraro India IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 21 shares = ₹14,784 |
| Retail (Max) | 13 lots and 273 shares = ₹195,000 |
| S-HNI (Min) | 14 lots and 1,750 shares = ₹1,92,192 |
| B-HNI Minimum | 68 lots and 1,428 shares = ₹10,05,312 |
Carraro India IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| 25th Dec | ₹- | ₹- | ₹- | ₹- |
| 24th Dec | ₹- | ₹700 | ₹- | ₹- |
| 23th Dec | ₹- | ₹700 | ₹- | ₹- |
| 20th Dec | ₹- | ₹- | ₹- | ₹- |
| 19th Dec | ₹- | ₹- | ₹- | ₹- |
| 18th Dec | ₹- | ₹- | ₹- | ₹- |
| 17th Dec | ₹- | ₹- | ₹- | ₹- |
Check Live GMP
About Carraro India
Carraro India Limited was established in 1997 and provides original equipment manufacturers (OEM) with advanced engineering products and solutions. They supply gears, axles, and transmission systems to the construction and agricultural tractor industries in India. Additionally, they provide a variety of equipment for a range of industries, including trucks, cars, construction, and agriculture. During working for almost 27 years in India, they have built a strong connection with local as well as international suppliers based in India. In Pune, Maharashtra, India, they work with two manufacturing plant facilities: one for gears and the other for drivelines. Which, approximately 84,000 square meters were occupied by the manufacturing facility, while roughly 78,000 square meters were occupied by the gear manufacturing plant. They currently provide 38 Indian manufacturers with their products. There are 53 temporary workers and 87 full-time workers at Carraro India as of September 30, 2024.
Carraro India IPO Strengths
- Customer-centric offering of customized solutions to a longstanding OEM customer base
- Strong, in-house R&D capabilities with proprietary IP rights to facilitate innovation of future-ready products
- Technologically advanced manufacturing plants with large production capacities and in-house gear production capabilities
Objects of the IPO Issue
- 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 Company Financial Report
The company reported revenue of ₹1,806.55 crores in 2024 against ₹1,733.3 crores in 2023. The company reported a loss of ₹62.56 crores in 2024 against a Profit of ₹48.46 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,520.05 | ₹1489.32 | ₹22.23 | ₹1,012.44 |
| 2023 | ₹1,733.3 | ₹1667.71 | ₹48.46 | ₹1,072.39 |
| 2024 | ₹1,806.55 | ₹1722.18 | ₹62.56 | ₹1,072.89 |
| September 2024 | ₹922.74 | ₹855.82 | ₹49.73 | ₹1,093.41 |
Carraro India IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 17.69% |
| ROCE: | 19.35% |
| EBITDA Margin: | 8.30% |
| PAT Margin: | 3.50% |
| Debt to equity ratio: | 0.58 |
| Earning Per Share (EPS): | ₹11.00 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 16.92% |
| Net Asset Value (NAV): | ₹65.05 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Escorts Kubota Limited | 96.80 | 43.21 | 11.43% | 830.45 | – Cr. |
| Schaeffler India Limited | 57.5 | 74.22 | 18.71% | 307.44 | – Cr. |
| Sona BLW Precision Forgings Limited | 8.83 | 76.93 | 18.49% | 47.75 | – Cr. |
| Ramakrishna Forgings Limited | 20.27 | 42.82 | 12.72% | 148.48 | – Cr. |
| Happy Forgings Limited | 26.78 | 47.08 | 15.07% | 171.17 | – Cr. |
| Action Construction Equipment Limited | 27.56 | 50.56 | 26.69% | 307.44 | – Cr. |
Carraro India IPO Registrar
Link Intime India Private Limited
Phone: +91-22-4918 6270
Email: carraro.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Carraro India IPO Lead Manager
- Axis Bank Limited
- Bnp Paribas
- Nuvama Wealth Management Limited
Carraro India IPO allotment status noq on Link Intime website. Click on Link Intime IPO weblink to get allotment status.
Promoters of Carraro India
- Tomaso Carraro
- Enrico Carraro
- Carraro S.p.A
- Carraro International S.E.
Company Address
Carraro India Limited
B2/ 2 MIDC,
Ranjangaon,
Pune 412 220 Maharashtra,
Phone: +91 2138 662666
Email: company_secretary@carraroindia.com
Website: https://www.carraroindia.com/