The Carraro India IPO is set to open on December 20, 2024, and will close on December 24, 2024. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹1,250.00 crores. This includes a fresh issue of ₹[.] crores and an offer for sale of up to 1,77,55,680 equity shares with a face value of ₹10 each.
The price band for the Carraro India IPO is set at ₹668 to ₹704 per share. The allocation for retail investors is 35%, while Qualified Institutional Buyers (QIB) will receive 50%, and High Net Worth Individuals (HNI) will receive 15%. The listing of Carraro India IPO on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is scheduled for December 30, 2024, with the allotment date set for December 26, 2024.
In terms of financial performance, the company reported revenue of ₹1,806.55 crores in 2024, up from ₹1,733.3 crores in 2023. Additionally, the company’s profit increased to ₹62.56 crores in 2024 from ₹48.46 crores in 2023. Based on these financials, it is advisable for IPO investors to consider a long-term investment strategy.
Carraro India IPO Details
| IPO Open Date: | December 20, 2024 |
| IPO Close Date: | December 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹668 to ₹704 Per Share |
| Issue Size: | Approx ₹1,250.00 Crores |
| Offer for Sale: | Approx 1,77,55,680 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | NA |
Carraro India IPO Market Lot
The Carraro India IPO minimum market lot is 21 shares with ₹14,784 application amount. The retail investors can apply up-to 13 lots with 273 shares or ₹1,92,192 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 21 | ₹14,784 |
| Retail Maximum | 13 | 273 | ₹1,92,192 |
| S-HNI Minimum | 14 | 294 | ₹2,06,976 |
| B-HNI Minimum | 68 | 1,428 | ₹10,05,312 |
Carraro India IPO Dates
The Carraro India IPO date is December 20 and the close date is December 24. The Carraro India IPO allotment will be finalized on December 26 and the IPO listing on December 30.
| IPO Open Date: | December 20, 2024 |
| IPO Close Date: | December 24, 2024 |
| Basis of Allotment: | December 26, 2024 |
| Refunds: | December 27, 2024 |
| Credit to Demat Account: | December 27, 2024 |
| IPO Listing Date: | December 30, 2024 |
Promoters of Carraro India IPO
The promoters of the company are Tomaso Carraro, Enrico Carraro, Carraro S.p.A and Carraro International S.E.
About Carraro India IPO
Established in 1997, Carraro India Limited specializes in developing and providing sophisticated engineering products and solutions for original equipment manufacturers (OEM). In India, the company focuses on supplying axles, transmission systems, and gears for the agricultural tractor and construction vehicle industries. Additionally, they offer a diverse range of gears for various sectors including automotive, trucks, agricultural, and construction vehicles. With nearly 27 years of experience in the Indian market, Carraro India Limited has established strong relationships with both local and international suppliers.
The company operates two manufacturing plants in Pune, Maharashtra, India – a driveline manufacturing plant spanning approximately 84,000 square meters and a gears manufacturing plant covering around 78,000 square meters. Currently, Carraro India Limited serves 38 manufacturers in India and employs 87 full-time employees along with 53 temporary employees as of September 30, 2024.
Carraro India IPO Company Financial Report
The company reported an increase in revenue of ₹1,806.55 crores in 2024 against ₹1,733.3 crore in 2023. The company reported good increase in profit of ₹62.56 crores in 2024 against Profit of ₹48.46 crores in 2023. Market of Carraro India is very competitive still the company is managing handsome amount of profit. Profit is almost doubling every alternate year which is a very positive signal.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹1,520.05 | ₹1489.32 | ₹22.43 | ₹1,012.44 |
| 2023 | ₹1,733.3 | ₹1667.71 | ₹48.46 | ₹1,072.39 |
| 2024 | ₹1,806.55 | ₹1722.18 | ₹62.56 | ₹1,072.89 |
| September 2024 | ₹922.74 | ₹855.82 | ₹49.73 | ₹1,093.41 |
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.
| KPI | Values |
| ROE: | 17.69% |
| ROCE: | 19.35% |
| EBITDA Margin: | 8.30% |
| PAT Margin: | 3.50% |
| Debt to equity ratio: | 0.58 |
| Earning Per Share (EPS): | ₹11.00 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 16.92% |
| Net Asset Value (NAV): | ₹65.05 |
Peer Group Comparison
Now, lets look at the peer comparison’s performance over this financial year so that a better understanding will be there at the time of Carraro India’s analysis.
| 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 Limited | 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 Limited | 27.56 | 50.56 | 26.69% | 307.44 | – Cr. |
Objects of the Issue
The Company will not receive any proceeds from the Offer. All Offer Proceeds will be received by the Promoter Selling Shareholder after deduction of Offer-related expenses and relevant taxes, which will be borne by the Promoter Selling Shareholder.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resources like Moneycontrol and NSE India.