Pune-based Carraro India is ready for its upcoming 1,812 crore IPO (initial public offering) and submit DRHP to the SEBI. There is no fresh issue for this IPO. It only contains offer-for-sale (OFS) by existing promoter and Carraro International S.E. is the only promoter for it. The face value set for this IPO is ₹ 10 per equity share.
Nuvama Wealth Management Limited (Formerly known as Edelweiss Securities Limited), BNP Paribas, and Axis Capital Limited are the book-running lead managers for the offering and Link Intime India Private Limited is the Registrar for it. As there is no fresh issue in the IPO, the company will not get any proceeds from the offer and all the offer proceeds will be received by the promoter.
In India, Carraro India is a technology-oriented supplier that specializes in designing complex engineering products and solutions for original equipment manufacturers (OEMs). The company provides axles, transmission systems and gears mainly targeting agriculture tractors and construction vehicles.
The company is an industry leader in the tractor and construction equipment spare parts market, having been in India for approximately 27 years. In Pune, It has 2 manufacturing plants. Agricultural tractors and construction vehicles such as backhoe loaders, soil compactors, cranes, self-loading concrete mixers as well as small motor graders are some of their pumping devices.
Carraro India shows a significant earnings boost in 2024, with profits climbing 29.4% to ₹60.6 crore, up from ₹47 crore in the previous fiscal year. This upward trend was found due to outstanding working results.
The company’s revenue for the financial year ending March 2024 is ₹1,770.5 crores, which represents an increase of 4.4% over 2023 figures. In FY24, the EBITDA (earnings before interest, tax, depreciation and amortization) of this organization rose by 27.2% year-on-year to reach ₹128.2 crores. Also, the EBITDA margin improved by 130 basis points jumping to 7.2%.
Carraro India IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Carraro India Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹1503.54 | ₹1475.03 | ₹20.77 |
| 2023 | ₹1714.96 | ₹1651.58 | ₹46.80 |
| 2024 | ₹1787.63 | ₹1705.91 | ₹60.58 |
Carraro India IPO Valuation – FY2024
Carraro India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹10.66 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.73% |
| Net Asset Value (NAV): | ₹67.75 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Escorts Kubota Limited | 96.80 | 43.21 | 11.43% | 830.45 | – Cr. |
| Schaeffler India Limited | 57.5 | 74.22 | 18.71% | 307.44 | – Cr. |
| Sona BLW Precision Forgings Ltd | 8.83 | 76.93 | 18.49% | 47.75 | – Cr. |
| Ramakrishna Forgings Limited | 20.27 | 42.82 | 12.72% | 148.48 | – Cr. |
| Happy Forgings Limited | 26.78 | 47.08 | 15.07% | 171.17 | – Cr. |
| Action Construction Equipment Ltd | 27.56 | 50.56 | 26.69% | 307.44 | – Cr. |
Objects of the Issue
- Our Company will not receive any proceeds from the Offer. The objects of the Offer are to (i) carry out the Offer for Sale of [.] Equity Shares of face value of ₹ 10 each aggregating up to ₹ 18,116.52 million by the Promoter Selling Shareholder; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- BNP Paribas
- Nuvama Wealth Management Limited (Formerly known as Edelweiss Securities Limited)
