Carraro India IPO subscription started on Friday, December 20rth, 2024, and will close on December 24th, 2024, as per the schedule. The price band is set at ₹668 to ₹704 per share with a face value of ₹10.
Carraro India IPO Subscription Status
Carraro India IPO Subscribed over 1.18x on its last day till 5.00 PM on 24th December.
- Carraro India IPO subscription QIB investors portion is 2.33 times, while NII subscribed 0.63 times and RII investors subscribed 0.75 times.
- The company has received bids for 1,46,18,205shares against 1,24,28,979 shares on offer on the last day of subscription.
- Carraro India IPO Subscribed over 0.23x on its second day.
- Carraro India IPO Subscribed over 0.09x on its first day.
About Carraro India Company
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.
Carraro India Financial Report
The company reported revenue of ₹1,806.55 crores in 2024 against ₹1,733.3 crore in 2023. The company reported profit of ₹62.56 crores in 2024 against Profit of ₹48.46 crores in 2023.
Carraro India IPO GMP:
Carraro India IPO GMP was ₹0 as of Tuesday, December 24th. That indicates the IPO is trading at ₹704 with ₹0 premium in the grey market against the issue price of ₹704.
