The Carraro India IPO is a book-built issue worth ₹1,250 crores, consisting entirely of an offer for sale of 1.78 crore shares.
The IPO opened for subscription on December 20, 2024, and will close on December 24, 2024. Allotment is expected to be finalized on December 26, 2024, with the tentative listing date set for December 30, 2024, on BSE and NSE.
The price band for the Carraro India IPO is ₹668 to ₹704 per share. The minimum lot size for retail investors is 21 shares, requiring an investment of ₹14,784. For sNII, the minimum investment is ₹2,06,976 for 14 lots (294 shares), and for bNII, it’s ₹10,05,312 for 68 lots (1,428 shares).
For detailed information regarding the Carraro India IPO RHP, please refer to the Red Herring Prospectus (RHP). The RHP contains comprehensive details about the company’s financials, business operations, risks, and other important aspects of the IPO.
Carraro India IPO Details
| IPO Date | December 20, 2024 to December 24, 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 |
Unimech Aerospace IPO Timeline
| IPO Open Date | Monday, December 23, 2024 |
| IPO Close Date | Thursday, December 26, 2024 |
| Basis of Allotment | Friday, December 27, 2024 |
| Initiation of Refunds | Monday, December 30, 2024 |
| Credit of Shares to Demat | Monday, December 30, 2024 |
| Listing Date | Tuesday, December 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2024 |
Carraro India IPO Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNIs in terms of shares and amounts:
| 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 |
Carraro India IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 53,26,703 (30%) | NA |
| QIB Shares Offered | 35,51,138 (20%) | NA |
| NII (HNI) Shares Offered | 26,63,352 (15%) | |
| bNII > ₹10L | 17,75,568 (10%) | 6,039 |
| sNII < ₹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%) |
About Carraro India Limited
Incorporated in 1997, Carraro India Ltd specializes in manufacturing components ranging from small gears to complete tractor assemblies. The company designs, manufactures, and sells transmission systems (including axles, transmissions, and drives) primarily for agricultural and construction equipment used in off-highway vehicles. Additionally, Carraro India offers a wide variety of gears for sectors such as automotive, trucks, agriculture, and construction vehicles.
Carraro India operates two manufacturing plants in Pune, Maharashtra. The driveline manufacturing plant spans approximately 84,000 square meters, while the gear manufacturing plant covers 78,000 square meters. The driveline plant is equipped with technologies including casting, machining, assembly, prototyping, testing, and painting. The gears plant utilizes machining and heat treatment technologies like carburizing, induction hardening, and nitriding.
Carraro India IPO FAQs
What is the Carraro India IPO?
The Carraro India IPO is a main-board issue of 17,755,680 equity shares with a face value of ₹10, aggregating up to ₹1,250 crores. The price band for the IPO is ₹668 to ₹704 per share, with a minimum order quantity of 21 shares.
The IPO opens on December 20, 2024, and closes on December 24, 2024.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are proposed to be listed on BSE and NSE.
When Carraro India IPO will open?
The Carraro India IPO opens on December 20, 2024, and closes on December 24, 2024.
What is the lot size of Carraro India IPO?
The Carraro India IPO has a lot size of 21 shares, and the minimum amount required for retail investors is ₹14,784.
When is Carraro India IPO allotment?
The finalization of the Basis of Allotment for the Carraro India IPO will be done on Thursday, December 26, 2024, and the allotted shares will be credited to your demat account by Friday, December 27, 2024.
