Carraro India Ltd IPO Opens On December 20. Check IPO Details Issue Date Price

EspressoLogy

Carraro India Ltd IPO Opens On December 20. Check IPO Details Issue Date Price

December 20, 2024
Carraro India Ltd IPO Opens On December 20. Check IPO Details Issue Date Price

Carraro India Ltd is coming out with a fresh public issue to raise Rs. 1250 crores from the market.

Below are the details of the Carraro India Ltd IPO:

  • Issue opens – December 20th (Friday)
  • Issue closes – December 24th (Tuesday)
  • Issue size – Rs. 1250 crores
  • Price band – Rs. 668 to Rs. 704 per equity share
  • Bid lot – 21 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Carraro India was incorporated on April 11, 1997. Carraro India is one of the leading independent Tier 1 suppliers of axles, transmission systems and gears for the agricultural tractor and construction vehicle industries in India. Carraro India, the Indian subsidiary of the Carraro Group, is a major global player in the driveline systems industry, particularly for off-highway vehicles like tractors and construction vehicle.
  • Carraro India’s foray into the Indian market began in 1997 when it established a manufacturing centre in Pune, India, through a joint venture with Escorts Ltd., In the following years, a second plant was also established for the production of gears and components. Carraro India has since acquired 100% ownership of its manufacturing facilities.
  • The Company commenced production of transmission systems in 1999, followed by the manufacturing of axles in 2000, marking its entry into the Indian automotive components industry.
  • The Company’s comprehensive service offering sets it apart from other players in the Indian market. It’s ability to provide a seamless, end-to-end experience for its customers - from initial design and customization to material procurement, in-house manufacturing, supply chain management, delivery, and after-sales service - is a key differentiator.
  • Carraro India is one of the leading suppliers in the market supplying key OEMs such as Mahindra Farm division and Swaraj, Tata Hitachi, Escorts Kubota Ltd., Sonalika, Bull Machine, TAFE, ACE, John Deere India Pvt Ltd, Caterpillar, Doosan and CNH across the agricultural and construction vehicle manufacturing sector.
  • As of March 31, 2024, the Company has established itself as the market leader in providing transmission systems for tractors transmission systems up to 150 horsepower and four-wheel-drive capabilities.
  • In August 2022, Carraro India inaugurated a new portal axle assembly capable of producing over 42,000 pieces per year to take care of Carraro India’s customer demand with market shift from 2WD to 4WD in 35HP to 50 HP tractor range.
  • In November 2023, Carraro India developed the eT50/eT75 Transaxle. The eT50/eT75 Transaxle has a power rating of 75HP, making it suitable for various agricultural applications.

Issue Size : Rs. 1250 Cr.

Issue break-up :

QIB - 50 % of the offer - Rs. 625.00 Cr.
NIB - 15 % of the offer - Rs. 187.50 Cr.
RET - 35 % of the offer - Rs. 437.50 Cr.

Listing: BSE & NSE

Registrar: Link Intime India Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Tuesday, December 24, 2024.

Not an Espresso customer, but still want to apply for the IPORs. Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.