Carraro India IPO GMP, Grey Market Premium Today

Carraro India IPO is to open on December 20, 2024. It is a Mainline IPO that will raise ₹1,250 crores. The Carraro India Services IPO price band is fixed at ₹668 to ₹704 with a market lot of 21 Shares.

Founded in 1997, Carraro India Limited develops and supplies complex engineering products and solutions for original equipment manufacturers (OEM). In India, they provide axles, transmission systems, and gears for the agricultural tractor and construction vehicle industries. Moreover, they offer a different range of gear for various sectors, such as automotive, trucks, agricultural, and construction vehicles. They have been working in India for almost 27 years. During this time, they have built a strong connection with local as well as international suppliers based in India. They work with two manufacturing plants in Pune, Maharashtra, India which are the driveline manufacturing plant and the gears manufacturing plant. Which, the manufacturing plant occupied a plot area of approximately 84,000 square meters, while the gears manufacturing plant occupied a plot area of approximately 78,000 square meters. Right now, They supply to 38 manufacturers in India. As well as the Carraro India consists of 87 full-time employees and 53 temporary employees as of September 30, 2024.

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