
Automotive & 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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹704
Band: ₹668 – ₹704
Estimated Listing Price
₹704
Upper price + GMP
Lot Size
21 shares
Min investment ₹14,784
Estimated Profit / Lot
₹0
21 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹704 |
| 30 Oct 2026 | — | 0.0% | ₹704 |
| 29 Oct 2026 | — | 0.0% | ₹704 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for CARRARO INDIA LIMITED IPO is ₹0, which indicates an expected listing price of ₹704.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.