Carraro India IPO GMP: Key Details and Insights
Introduction:
Carraro India Limited, a leading manufacturer of transmission systems and components, is set to launch its Initial Public Offering (IPO). With growing investor interest, the Grey Market Premium (GMP) for the Carraro India IPO has already generated significant buzz. This article covers Carraro India IPO GMP, allotment details, price band, and critical financials to help investors make informed decisions.
Carraro India IPO Details:
| IPO Date | December 20, 2024, to December 24, 2024 |
| Listing Date | December 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹668 to ₹704 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 1,77,55,680 shares (₹1,250 Cr) |
| Offer for Sale (OFS) | 1,77,55,680 shares (₹1,250 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
The IPO is entirely an Offer for Sale (OFS), with no fresh issue of shares.
Carraro India IPO GMP (Grey Market Premium)
The Grey Market Premium (GMP) for Carraro India IPO indicates strong demand for the shares ahead of the listing. GMP is an unofficial indicator of the listing price and reflects investor sentiment.
- Current GMP: As of now, the GMP for Carraro India IPO is trading at ₹X-Y per share.
- Estimated Listing Price: Based on the GMP and the price band, the estimated listing price is ₹Z per share.
Investors must note that GMP is speculative and may fluctuate closer to the listing date.
For further insights on Grey Market Premium, read our article: IPO GMP: Grey Market Premium Explained.
Carraro India IPO Timeline
| Event | Date |
| IPO Open Date | December 20, 2024 |
| IPO Close Date | December 24, 2024 |
| Basis of Allotment | December 26, 2024 |
| Refund Initiation | December 27, 2024 |
| Credit of Shares to Demat | December 27, 2024 |
| Listing Date | December 30, 2024 |
Ensure UPI mandate confirmations are completed before 5 PM on December 24, 2024, to avoid rejections.
Carraro India IPO Lot Size
Investors can apply for a minimum of 1 lot (21 shares) and in multiples thereof. The table below outlines the investment requirements for retail and HNI investors:
| Category | Lots | Shares | Investment (₹) |
| Retail (Min) | 1 | 21 | 14,784 |
| Retail (Max) | 13 | 273 | 1,92,192 |
| S-HNI (Min) | 14 | 294 | 2,06,976 |
| B-HNI (Min) | 68 | 1,428 | 10,05,312 |
About Carraro India Limited
Incorporated in 1997, Carraro India Ltd specializes in manufacturing transmission systems, axles, and gears for agricultural and construction vehicles. The company operates two advanced manufacturing plants in Pune, Maharashtra, with state-of-the-art technologies including casting, machining, heat treatment, and assembly.
Key Products
- Agricultural Tractors: Axles and transmission systems for various farming tractors.
- Construction Vehicles: Transmission systems for backhoe loaders, cranes, telehandlers, and forklifts.
- Gears: For automotive, industrial, and agricultural sectors.
Financial Highlights
| Period | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue (₹ Cr) | 922.74 | 1,806.55 | 1,733.3 | 1,520.05 |
| PAT (₹ Cr) | 49.73 | 62.56 | 48.46 | 22.43 |
| Net Worth (₹ Cr) | 419.44 | 369.82 | 337.38 | 292.49 |
| Total Borrowing | 195.78 | 212.55 | 188.33 | 178.14 |
Carraro India has demonstrated steady growth, with revenue increasing by 4% and profit after tax (PAT) rising by 29% in FY2024.
Why Should You Invest in Carraro India IPO?
- Leading Manufacturer: Carraro India is a Tier 1 supplier of transmission systems and axles in India.
- Technologically Advanced Plants: The company operates high-capacity manufacturing plants with advanced technologies.
- Strong Financial Performance: Consistent revenue growth and robust financials.
- Marquee Client Base: Long-standing relationships with marquee domestic and international clients.
To learn about differences between OFS and IPO, check out our guide: OFS vs IPO: Differences.
How to Check Carraro India IPO Allotment?
The allotment status for Carraro India IPO will be available on the registrar’s website on December 26, 2024. Investors can check their allotment by entering their PAN number, Application Number, or DP ID.
FAQs on Carraro India IPO
1. What is the GMP for Carraro India IPO? The current GMP for Carraro India IPO is ₹X-Y per share.
2. What are the IPO dates for Carraro India? The Carraro India IPO opens on December 20, 2024, and closes on December 24, 2024.
3. What is the price band for Carraro India IPO? The price band is set at ₹668 to ₹704 per share.
4. What is the minimum investment required for Carraro India IPO? The minimum investment for retail investors is ₹14,784 for 1 lot (21 shares).
5. How can I check my IPO allotment status? You can check the allotment status on the registrar’s website by entering your PAN, application number, or DP ID.
Conclusion
Carraro India IPO presents a strong opportunity for investors, with its robust financials, advanced manufacturing capabilities, and competitive positioning in the agricultural and construction sectors. The strong GMP highlights positive market sentiment toward the IPO.
For insights into IPO flipping strategies, visit: IPO Flipping: What Investors Need to Know.
Invest wisely with TapInvest’s fixed-income investment opportunities, including bonds, digital gold, invoice discounting, and more. Sign Up On Tap Invest for more details.
