Carraro India IPO Description – Carraro India is a technology-driven, integrated supplier specializing in developing advanced engineering products and solutions for original equipment manufacturer (OEM) customers. The company operates as an independent Tier II solution provider, offering axles, transmission systems, gears, and other related components for India’s agricultural tractor and construction vehicle industries. With in-house product design and manufacturing capabilities, Carraro India delivers tailored, high-quality solutions to meet industry needs.
The company offers a diverse product range featuring axles and transmission systems across various horsepower (HP) categories for off-highway vehicles in the agricultural and construction sectors. Additionally, it produces gears, shafts, and ring gears for industrial and automotive applications. As of 31 March 2024, Carraro India supplies products to 38 manufacturers in India. The company has established a network of 189 suppliers across 8 Indian states and 68 international suppliers, with its top 10 suppliers maintaining an average partnership of 15 years.
Promoters of Carraro India – Tomaso Carraro, Enrico Carraro, Carraro S.P.A., and Carraro International S.E.
Table of Contents
Carraro India IPO Details
| Carraro India IPO Dates | 20 – 24 December 2024 |
| Carraro India Issue Price | INR 668 – 704 per share |
| Fresh issue | NIL |
| Offer For Sale | INR 1,250 crore |
| Total IPO size | INR 1,250 crore |
| Minimum bid (lot size) | 21 shares (INR 14,784) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Carraro India Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | H1 FY 2025 |
| Revenue | 1,497.54 | 1,713.15 | 1,788.97 | 914.62 |
| Expenses | 1,489.32 | 1,667.71 | 1,722.18 | 855.82 |
| Net income | 22.43 | 48.46 | 62.56 | 49.73 |
| Margin (%) | 1.50 | 2.83 | 3.50 | 5.44 |
Carraro India Offer News
- Carraro India RHP
- Carraro India DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Carraro India Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 3.94 | 8.52 | 11.00 | 17.50 |
| PE Ratio | – | – | 60.73 – 64.00 | 38.17 – 40.23 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 7.67 | 14.36 | 16.92 |
| NAV | 51.45 | 59.34 | 65.05 |
| ROCE (%) | 10.00 | 16.30 | 19.35 |
| EBITDA (%) | 5.45 | 7.20 | 8.30 |
| Debt/Equity | 0.27 | 0.26 | 0.30 |
Carraro India IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Carraro India IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 37,42,515 | 28,06,887 | 65,49,401 | 1,30,98,803 |
| 24 Dec 2024 | 2.21 | 0.60 | 0.71 | 1.12 |
| 23 Dec 2024 | 0.00 | 0.20 | 0.35 | 0.22 |
| 20 Dec 2024 | 0.00 | 0.06 | 0.15 | 0.09 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Carraro India – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Carraro India | 40.23 | 11.00 | 16.92 | 65.05 | 1,788.97 |
| Escorts Kubota | 43.21 | 96.80 | 11.43 | 830.45 | 8,849.62 |
| Schaeffler India | 74.22 | 57.5 | 18.71 | 307.44 | 7,250.91 |
| Sona BLW Precision | 76.93 | 8.83 | 18.49 | 47.75 | 3,184.77 |
Carraro India IPO Allotment Status
Carraro India IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Carraro India IPO Dates & Listing Performance
| IPO Opening Date | 20 December 2024 |
| IPO Closing Date | 24 December 2024 |
| Finalization of Basis of Allotment | 26 December 2024 |
| Initiation of refunds | 27 December 2024 |
| Transfer of shares to demat accounts | 27 December 2024 |
| Carraro India IPO Listing Date | 30 December 2024 |
| Opening Price on NSE | INR 651 per share (down 7.53%) |
| Closing Price on NSE | INR 636.20 per share (down 9.63%) |
Carraro India IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi – Subscribe long term
Antique Stock Broking –
Ajcon Global –
Arihant Capital –
Axis Capital – Not rated
Ashika Research –
BP Wealth – Avoid
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth – Apply
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities –
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities – Subscribe
Jainam Broking – Avoid
KR Choksey –
LKP Research –
Master Capital Services – Subscribe for long term
Motilal Oswal –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities – Avoid
SBI Securities – Subscribe for long term
SMC Global –
SMIFS –
Systematix Research –
Swastika Investmart –
Ventura Securities – Subscribe
Carraro India Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra
Phone: +91 22 4325 2183
Email:Â [email protected]
Website: www.axiscapital.co.in
Carraro India Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 8108114949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Carraro India Contact Details
CARRARO INDIA LIMITED
B2/2 MIDC, Ranjangaon,
Pune 412 220, Maharashtra, India
Phone:Â +91 2138 662666
Email: [email protected]
Website: www.carraroindia.com
Carraro India IPO FAQs
How many shares in Carraro India IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Carraro India Public Offer?
The best way to apply for Carraro India public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Carraro India IPO GMP today?
Carraro India IPO GMP today is INR NA per share.
What is Carraro India’s kostak rate today?
Carraro India kostak rate today is INR NA per application.
What is Carraro India Subject to Sauda rate today?
Carraro India Subject to Sauda rate today is INR NA per application.
