The Carraro India IPO is structured as a book-built issue amounting to Rs 1,250.00 crores. The issue consists entirely of an offer for sale of 1.78 crore shares.
The subscription for the Carraro India IPO will be opened on December 20, 2024, and will close on December 24, 2024. The allotment is expected to be finalized on Thursday, December 26, 2024. The IPO is scheduled to be listed on BSE and NSE, with the tentative listing date set as Monday, December 30, 2024.
The price band for the Carraro India IPO has been set at ₹668 to ₹704 per share. A minimum lot size of 21 shares is required for an application. An investment of ₹14,784 is the minimum amount required by retail investors. For sNII, an investment of 14 lots (294 shares) amounting to ₹2,06,976 is required, while bNII must invest in 68 lots (1,428 shares), amounting to ₹10,05,312.
| IPO Date | December 20, 2024 to December 24, 2024 |
| Listing Date | December 30, 2024 |
| Face Value | ₹ 21 / Share |
| Price Band | ₹ 668 to ₹ 704 / Share |
| Lot Size | 21 Shares |
| Total Issue Size | ₹1,250.00 Cr |
| Fresh Issue | ₹1,250.00 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 5,68,51,538 shares |
| Share holding post issue | 5,68,51,538 shares |
| Market Maker portion |
Carraro India Limited IPO opens on December 20, 2024, and closes on December 24, 2024.
| IPO Open Date | December 20, 2024 |
| IPO Close Date | December 24, 2024 |
| Basis of Allotment | December 26, 2024 |
| Initiation of Refunds | December 27, 2024 |
| Credit of Shares to Demat | December 27, 2024 |
| Listing Date | December 30, 2024 |
| Cut-off time for UPI mandate confirmation | December 24, 2024 |
A minimum of 21 shares and multiples thereof can be bid by investors. The minimum and maximum investment by retail investors and HNIs, in terms of shares and amount, is shown in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | Rs.14,784 |
| Retail (Max) | 13 | 273 | Rs.192,192 |
| S-HNI (Min) | 14 | 294 | Rs.206,976 |
| S-HNI (Max) | 67 | 1,407 | Rs.990,528 |
| B-HNI (Min) | 68 | 1,428 | Rs.1,005,312 |
| HNI (Min) |
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 68.77% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net Offer |
|
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% of the Net Offer |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in 1997, Carraro India Ltd is engaged in the manufacturing of components ranging from the smallest gear to complete tractor manufacturing.
Transmission systems, including axles, transmissions, and drives, are designed, manufactured, and sold by the company, primarily for agricultural and construction equipment used in off-highway vehicles. A wide range of gears for various sectors, including automotive, trucks, agricultural, and construction vehicles, is also offered.
Two manufacturing plants are owned and operated by the company in Pune, Maharashtra, India. The driveline manufacturing plant occupies a plot area of approximately 84,000 square meters, while the gear manufacturing plant spans approximately 78,000 square meters.
Technologies such as casting, machining, assembly, prototyping, testing, and painting are featured at the driveline plant. Machining and heat treatment technologies, including carburizing, induction, hardening, and nitriding, are utilized at the gear plant.
| KPI | Values |
|---|---|
| ROE | 17.69% |
| ROCE | 19.35% |
| Debt/Equity | 0.58 |
| RoNW | 16.92% |
| P/BV | |
| PAT Margin (%) | 3.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.00 | 17.50 |
| P/E (x) | 63.97 | 40.24 |
No proceeds from the Offer will be received by the Company. All the Offer Proceeds, after the deduction of Offer-related expenses and relevant taxes, will be received by the Promoter Selling Shareholder, with these expenses and taxes borne by the Promoter Selling Shareholder.
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/ |
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 |
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