Carraro India IPO: From key dates to financials, here are 10 key things to know from the RHP | Stock Market News

Carraro India Ltd IPO: The issue opens for subcription on 20 December 2024. Here are 10 key things to know from the RHP

1.Carraro India IPO; Key dates

The subscription period for the Carraro India IPO begins on December 20, 2024, and ends on December 24, 2024. On Thursday, December 26, 2024, the allocation for the Carraro India IPO is anticipated to be finalized.

2.Carraro India IPO; Listing details

The tentative listing date for the Carraro India IPO is set for Monday, December 30, 2024, and it will be listed on the BSE and NSE.

3. Carraro India IPO: Issue Size

Carraro India IPO is a book built issue of ₹1,250.00 crores and the issue is entirely an offer for sale of 1.78 crore shares.

4.Carraro India IPO: Subscribing information

The pricing range or price band for Carraro India’s IPO is ₹668 to ₹704 per share. Applications must have a minimum lot size of 21. Retail investors must make a minimum investment of ₹14,784. For big NII, the minimum lot size investment is 68 lots (1,428 shares), or ₹10,05,312; for small NII, it is 14 lots (294 shares), or ₹2,06,976.

5. Carraro India IPO: Objective of the issue

Since the entire issue is an offer for sale, the Company will not receive any proceeds from the Offer. 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.

6.About Carraro India

Since its incorporation in 1997, Carraro India Ltd. has been involved in the production of everything from the smallest gear to entire tractors.

The company primarily designs, manufactures, and markets transmission systems (axles, transmissions, and drives) for off-highway vehicles used in construction and agriculture. Additionally, it provides a large selection of gears for a variety of industries, such as trucks, construction vehicles, and agriculture.

7.Carraro India IPO; Promoters

Tomaso Carraro, Enrico Carraro, Carraro S.p.A and Carraro International S.E are the company’s promoters.

8.Carraro India IPO: Financials

Carraro India Limited’s saw its revenue increase by 4% and net proft rise by 29% between the financial year ending with March 31, 2024 over financial ending March 31, 2023.

9. Carraro India IPO: Key risks

Carraro India Ltd derived 70.10% and 86.29% of its revenue from top five and top 10 customers, respectively, in Fiscal 2024, and any inability to retain its key customers or attract new customers and expand its customer network, could negatively affect its business and results of operations.

10. Carraro India: Listed peers

Listed peers for Carraro India Ltd include, Escorts Kubota Limited, Schaeffler India Limited , Sona BLW Precision forgings Ltd, Ramakrishna Forgings Limited and Happy Forgings Limited

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