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The Carraro India IPO is a book-built issue with a total size of ₹1,250 crores. This offering comprises an Offer for Sale (OFS) of 1.78 crore equity shares, allowing existing shareholders to divest their holdings. The IPO opens for subscription on December 20, 2024, and closes on December 24, 2024. The allotment finalization is scheduled for December 26, 2024, with the listing on BSE and NSE expected on December 30, 2024.
The price band for the Carraro India IPO is set between ₹668 to ₹704 per share, with a minimum lot size of 21 shares. Retail investors can apply with a minimum investment of ₹14,784. For small non-institutional investors (sNII), the minimum investment is ₹2,06,976 for 14 lots (294 shares). Large non-institutional investors (bNII) are required to invest at least ₹10,05,312 for 68 lots (1,428 shares).
Investors can track the Carraro India IPO GMP live updates to get an idea of the stock's grey market performance and monitor IPO subscription status to understand the demand from retail, HNI, and institutional investors. Platforms like IPO Watch provide regular updates on these metrics. Additionally, investors can check the Carraro India IPO allotment status on the registrar’s website, Link Intime India Private Ltd, or the BSE IPO allotment page by entering their application number, PAN, or DP Client ID.
This IPO is managed by Axis Bank Limited, BNP Paribas, and Nuvama Wealth Management Limited as the book-running lead managers. Link Intime India Private Ltd serves as the official registrar. For detailed information, including company financials, risk factors, and objectives of the IPO, refer to the Carraro India IPO Red Herring Prospectus (RHP).
Stay updated with all the key details and make informed decisions to participate in this exciting investment opportunity!
| IPO Details | Information |
|---|---|
| IPO Date | December 20, 2024 to December 24, 2024 |
| Listing Date | December 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹668 to ₹704 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 1,77,55,680 shares (aggregating up to ₹1,250.00 Cr) |
| Offer for Sale | 1,77,55,680 shares of ₹10 (aggregating up to ₹1,250.00 Cr) |
| 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 |
| Event | Date |
|---|---|
| IPO Open Date | Friday, December 20, 2024 |
| IPO Close Date | Tuesday, December 24, 2024 |
| Basis of Allotment | Thursday, December 26, 2024 |
| Initiation of Refunds | Friday, December 27, 2024 |
| The credit of Shares to Demat | Friday, December 27, 2024 |
| Listing Date | Monday, December 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 24, 2024 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,784 |
| Retail (Max) | 13 | 273 | ₹1,92,192 |
| S-HNI (Min) | 14 | 294 | ₹2,06,976 |
| S-HNI (Max) | 67 | 1,407 | ₹9,90,528 |
| B-HNI (Min) | 68 | 1,428 | ₹10,05,312 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Carraro India Limited Financial Information
| 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 |
The Carraro India IPO offers an exciting opportunity for investors to participate in the equity market. By staying updated on the IPO GMP and IPO subscription status and tracking the IPO allotment status, investors can make informed decisions. Ensure to review the Red Herring Prospectus (RHP) for detailed insights into the company’s financials and risks. Whether you're a retail investor or an NII, the Carraro India IPO provides a promising avenue to explore in the financial market. Don’t miss this chance to be a part of the growth story!
