Carraro India IPO Day 3 Live Updates: Key Highlights, Subscription Status, and Insights

The Rs 1,250-crore Carraro India IPO will close on Tuesday, December 24, 2024. It was subscribed 0.45 times till 12:54:11 PM on Tuesday. The IPO is an Offer for Sale (OFS) of 1.78 crore shares.

Carraro India? IPO: Issue Details

Bidding for the Carraro India IPO started on December 20, 2024, and will conclude today, December 24, 2024. The allotment date is December 26, 2024. The company will be listed on NSE and BSE on December 30, 2024.

Carraro India? IPO: Subscription Details

December 24, 2024, 12:54:11 PM (Day 3)

Carraro India IPO is offering a total of 1,77,55,682 shares.?

Of these,?

• 35,51,138 shares (20%) are reserved for qualified institutional investors,?
• 26,63,352 shares (15%) to NII for non-institutional investors,?
• 62,14,489 shares (35%) for retail investors, and?
• 53,26,703 shares (30%) to Anchor investors.

As of the IPO’s third day, small non-institutional investors had subscribed the most, 0.59x, followed by retail investors, 0.52x, and qualified institutional investors, 0.4x.?

Carraro India? IPO: Price Band and Lot Size

The price band is set between ?668 to ?704 per share.?

The minimum lot size for an application is 21 shares (1 lot), requiring a minimum investment of ?14,784 for retail investors. For small non-institutional investors, the minimum investment is 14 lots, totalling 294 shares and ?2,06,976. For large non-institutional investors, the minimum investment is 68 lots, which equals 1,428 shares and ?10,05,312.

About Carraro India

Carraro India is a subsidiary of Carraro S.p.A, which specialises in the production of axles, transmissions, and other driveline systems used in various agricultural machinery, construction equipment, and material handling vehicles. The company owns two manufacturing plants in Pune and Maharashtra (Ranjangaon), India.?

As of March 31st, 2024, the company’s revenue from operations increased by 4.43% to Rs 1,788.97 crore from Rs 1,713.15 crore in the previous year.?

Carraro will not receive any proceeds from the offer. After deducting offer-related expenses and applicable taxes, all the proceeds will go to the Promoter Selling Shareholder.