The Carraro India IPO is scheduled to open on December 20, 2024, and will close on December 24, 2024. The IPO features shares with a face value of ₹10 each, priced within a band of ₹668 to ₹704 per share, and requires a minimum bid of 21 shares per lot. The total issue size is 1,77,55,680 shares, aggregating up to ₹1,250 crore, entirely through an offer for sale. The IPO follows a book-built issue format.
The tentative timeline for the IPO includes the basis of allotment on December 26, 2024, the initiation of refunds and credit of shares to Demat accounts on December 27, 2024, and the listing date on December 30, 2024. Retail investors can apply for a minimum of 21 shares, amounting to ₹14,784, while the maximum application for retail investors is 273 shares, totalling ₹1,92,192.
Incorporated in 1997, Carraro India Limited specializes in manufacturing components for agricultural and construction equipment, ranging from small gears to complete tractor systems. The company provides tailored transmission systems, including axles, transmissions, and drives, primarily for off-highway vehicles.
Carraro India operates two state-of-the-art manufacturing plants in Pune, Maharashtra:
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.