About Carraro India:
The company is a technology-driven integrated supplier that develops complex engineering products and solutions for OEM customers. As an independent Tier 1 solution provider, it directly supplies products to OEMs, specializing in axles, transmission systems, and gears for the agricultural tractor and construction vehicle industries in India. The company supports the entire value chain with in-house R&D and manufacturing capabilities. Its diverse product range includes axles and transmission systems for off-highway vehicles in the agricultural tractor and construction vehicle sectors, as well as gears, shafts, and ring gears for industrial and automotive vehicles.
About the Industry in which Carraro India operates:
According to Markets and Markets, the global and Indian off-highway markets include construction vehicles and agricultural equipment (including tractors). Global sales of construction vehicles and agricultural tractors are projected to rise from 3,560,000 units in CY2023 to 4,640,000 units by CY2029. In India, the volume of agricultural tractors grew at a CAGR of 5.9%, increasing from 804,000 units in CY2019 to 1,011,700 units in CY2023. The sales volume of construction vehicles in India also rose at a CAGR of 4.2%, from 92,500 units in CY2019 to 109,000 units in CY2023, and is expected to continue growing at a CAGR of 5.0% from CY2024 to CY2029.
| Important Information and Timelines of the IPO of Carraro India: | |
|---|---|
| Open Date | 20 December 2024 |
| Close Date | 24 December 2024 |
| Total Issue Size – Number of Shares | 17755680 |
| Minimum Bid Price | 668 |
| Maximum Bid Price | 704 |
| Lot Size | 21 |
| Basis of Allotment | 26 December 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 27 December 2024 |
| Listing Date | 30 December 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Carraro India:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 21 | 14784 |
| Retail – Maximum | 13 | 273 | 192192 |
| sHNI – Minimum | 14 | 294 | 206976 |
| sHNI – Maximum | 67 | 1407 | 990528 |
| bHNI – Minimum | 68 | 1428 | 1005312 |
Objective of the IPO of Carraro India:
The company will not receive any proceeds from the Offer. The objectives of the Offer are to conduct the Offer for Sale of equity shares with a face value of ₹10 each, totalling up to ₹12,500.00 million by the Promoter Selling Shareholder, and realize the benefits of listing the equity shares on the Stock Exchanges.
Financials of Carraro India:
| Particulars | As at and for the six months ended September 30, 2024 | As at and for the six months ended September 30, 2023 | As at and for the financial year ended March 31, 2024 | As at and for the financial year ended March 31, 2023 | As at and for the financial year ended March 31, 2022 |
|---|---|---|---|---|---|
| Equity share capital | 568.52 | 568.52 | 568.52 | 568.52 | 568.52 |
| Net worth | 4,194.42 | 3,629.62 | 3,698.19 | 3,373.76 | 2,924.92 |
| Revenue from operations | 9,146.19 | 9,610.27 | 17,889.65 | 17,131.45 | 14,975.43 |
| Restated profit/(loss) for the year/period | 497.34 | 249.37 | 625.63 | 484.59 | 224.26 |
| Basic Earnings/(loss) per Equity Share | 8.75 | 4.39 | 11.00 | 8.52 | 3.94 |
| Diluted Earnings/(loss) per Equity Share | 8.75 | 4.39 | 11.00 | 8.52 | 3.94 |
| Net asset value per Equity Share | 73.78 | 63.84 | 65.05 | 59.34 | 51.45 |
| Total borrowings | 1,957.77 | 1,967.93 | 2,125.46 | 1,883.30 | 1,781.38 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Carraro India. You will receive a UPI mandate after 10:00 AM on 20 December 2024.
###1. How to apply for the IPO of Carraro India on Dhan?
You can apply for the IPO of Carraro India from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Carraro India be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 27 December 2024. However, you will be able to see the shares of Carraro India on Dhan before the market starts on the listing date which is 30 December 2024.