
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
Overall Subscription
1.12x
Total Demand
QIB Multiplier
2.33x
Institutions & Funds
NII / HNI
0.63x
High Net-Worth
Retail (RII)
0.75x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 3,551,138 | 8,272,824 | 2.33x |
| NIB | 2,663,352 | 1,686,825 | 0.63x |
| HNIs(10L +) | 1,775,568 | 792,099 | 0.45x |
| HNIs (2-10L) | 887,784 | 894,726 | 1.01x |
| RETAIL | 6,214,489 | 4,659,165 | 0.75x |
| Total | 15,092,331 | 16,305,639 | 1.12x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 295,928 | 221,865 | 0.75x |
| HNIs(10L +) | 6,039 | 2,694 | 0.45x |
| HNIs (2-10L) | 3,020 | 3,043 | 1.01x |
| Total Applications | 304,987 | 227,602 | 0.75x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, CARRARO INDIA LIMITED IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹668 to ₹704 per equity share.
The retail lot size is 21 shares requiring a minimum application amount of ₹14,784. Expected listing price is ₹704 per equity share.
The CARRARO INDIA LIMITED IPO aggregate issue size is ₹1,250 Crores with an equity price band set at ₹668 to ₹704 per equity share. The retail lot size is 21 shares requiring a minimum capital outlay of approx. ₹14,784.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.12x (Retail: 0.75x, QIB: 2.33x, NII: 0.63x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-12-26. Investors can verify status using PAN card or application number.
CARRARO INDIA LIMITED shares are scheduled to list on NSE and BSE on 2024-12-30.