CARRARO INDIA LIMITED
ListedMainboardAutomotive & Engineering · NSE / BSE
Incorporated in 1997, Carraro India Ltd designs, manufactures, and sells transmission systems—including axles, transmissions, and drives—for agricultural and construction equipment used in off-highway vehicles. The company also produces a wide range of gears for automotive, truck, agricultural, and construction sectors. It operates two advanced manufacturing plants in Pune: an 84,000 sq. meter driveline plant equipped for casting, machining, assembly, prototyping, testing, and painting, and a 78,000 sq. meter gear plant focused on machining and heat-treatment processes like carburizing, induction, hardening, and nitriding. Its portfolio includes axles and transmission systems for tractors, gears and transmissions for backhoe loaders, compact wheel loaders, and forklifts, as well as gears, shafts, and ring gears for industrial and automotive vehicles. Supported by a strong supply chain of 220 domestic and 58 international suppliers, the company has built deep expertise across India’s agricultural and construction sectors. As of September 30, 2024, its quality and after-sales team comprised 87 full-time and 53 temporary contractual employees.
Price Band
₹668 – ₹704
Issue Size
₹1250 Cr
Lot Size
21 shares
GMP
—
Est. Listing
₹704
at current GMP
Subscribed
1.12x
overall
Open
20 Dec 2024
Close
24 Dec 2024
Allotment
26 Dec 2024
Refund
27 Dec 2024
Demat Credit
28 Dec 2024
Listing
30 Dec 2024
Last updated 12 days ago
Official Registrar Verification
CARRARO INDIA LIMITED Allotment Status
Designated Registrar: Link Intime India Private Limited
Allotment Date
26 Dec 2024
Basis finalization
Refunds Initiate
27 Dec 2024
Mandate release
Demat Credit
28 Dec 2024
Shares in demat
Listing Debut
30 Dec 2024
Trading begins
How to Check CARRARO INDIA LIMITED IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
- Select CARRARO INDIA LIMITED from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About CARRARO INDIA LIMITED Public Issue & Market Profile
CARRARO INDIA LIMITED is bringing an initial public offering (IPO) in the Automotive & Engineering sector with an aggregate issue size of ₹1,250 Crores. The shares are offered at a price band of ₹668 to ₹704 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-12-24, the basis of allotment is scheduled to be finalized on 2024-12-26. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.