Carraro India IPO Price: ₹668 to ₹704 per share
IPO Dates: December 20, 2024 to December 24, 2024
About Carraro India Limited
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.
Products and Services
- Agricultural Tractors:
- Axles and transmission systems designed to meet specialized technical, structural, and mechanical requirements.
- Construction Vehicles:
- Gears and transmission systems for backhoe loaders, compact wheel loaders, telehandlers, cranes, forklifts, and aerial working platforms.
- Other Products:
- Additional offerings include gears, shafts, and ring gears for industrial and automotive vehicles.
Manufacturing Facilities
Carraro India operates two state-of-the-art manufacturing plants in Pune, Maharashtra:
- Driveline Plant: Covers 84,000 square meters, with advanced capabilities such as casting, machining, assembly, testing, and painting.
- Gear Plant: Occupies 78,000 square meters and features heat treatment technologies like carburizing, induction, hardening, and nitriding.
Key Highlights
- Supplier Network: 220 suppliers across eight Indian states and 58 international suppliers.
- Workforce: As of September 30, 2024, a team of 87 full-time local quality and after-sales employees and 53 contractual staff.
Competitive Strengths
- Tier 1 supplier of transmission systems and a major axle provider for India’s agricultural tractor and construction industries.
- Longstanding OEM customer relationships and customized solutions.
- Advanced R&D capabilities with proprietary IP rights.
- Technologically advanced plants with large production capacities and in-house gear manufacturing.
Carraro India continues to strengthen its position in the agricultural and construction equipment sectors with cutting-edge technology and customer-centric solutions.
Bidding Starts In
Carraro India IPO Details
| IPO Date | December 20, 2024 to December 24, 2024 |
| Listing Date | [.] |
| 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 |
Carraro India IPO Timeline (Tentative Schedule)
Carraro India IPO IPO opens on December 20, 2024, and closes on December 24, 2024.
| 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 |
| 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 |
Carraro India IPO Lot Size
Bidders have the opportunity to bid for a minimum of 35 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
|---|---|
| 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 (Restated Consolidated)
Carraro India Limited’s revenue increased by 4% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 |
Key Performance Indicator
The market capitalization of Carraro India IPO is Rs 4002.35 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 17.69% |
| ROCE | 19.35% |
| Debt/Equity | 0.58 |
| RoNW | 16.92% |
| PAT Margin | 3.50 |
Objects of the Issue (Carraro India IPO Objectives)
The Company will not receive any proceeds from the Offer and 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.
Concord Enviro IPO Prospectus
