Carraro India IPO subscription started on Friday, December 20, and will close on December 24 as per the schedule. The price band is set at ā¹668 to ā¹704 per share with a face value of ā¹10.
Carraro India IPO Subscription Status
Carraro India IPO Subscribed over 0.09x on its First day till 05.00 PM on 20th December.
- Carraro India IPO subscription QIB investors portion is 0.00x times, while NII subscribed 0.06x times and RII investors subscribed 0.16x times.
- The company has received bids for 11,37,381 shares against 1,24,28,979 shares on offer on the First day.
- Carraro India IPO Subscribed over 0.09x on day 1.
About Carraro India IPOĀ
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 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 IPO Company Financial Report
The company reported revenue of ā¹1,806.55 crores in 2024 against ā¹1,733.3 crores in 2023. The company reported a profit of ā¹62.56 crores in 2024 against a Profit of ā¹48.46 crores in 2023.
Carraro India IPO GMP:
Carraro India IPO GMP was ā¹0 as of Friday, December 20th. That indicates the IPO is trading at ā¹704 with ā¹0 premium in the grey market against the issue price of ā¹704.
