Carraro India Limited

Company Profile
Company Name Carraro India Limited
Open Date 20-12-2024
Close Date 24-12-2024
Exchange BSE, NSE
Lot Size 21 Shares
Issue Price ₹668 to ₹704 per share
Issue Size 1,77,55,680 shares
Application Amount ₹ 14,784 – ₹ 1,92,192 (21 to 273 shares)
Recommendation Neutral

Incorporation: Incorporated in 1997 the company’s registered office is located in Mumbai, Maharashtra.
Business Activity: Carraro India Ltd. (CIL) is a technology driven integrated supplier that develops complex engineering products and solutions for original equipment manufacturer (“OEM”) customers. It is an independent tier 1 solution provider of axles, transmission systems and gears for the agricultural tractor and construction vehicle industries in India.
Human Resource: As of September 30, 2024, the company’s local quality and after-sales team consisted of 87 full-time employees and 53 contractual temporary employees.

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Financial Summary in Cr

KPI’s FY 22 FY 23 FY 24 Sep-24
Revenue 1,497.54 1,713.15 1,788.97 1,829.24
EBITDA 60.35 104.66 132.41 185.95
Net Profit 22.43 48.46 62.56 99.47
RoCE 5.80% 12.61% 16.50% 23.64%
ROE 7.66% 14.36% 16.91% 21.20%
P/E 178.68 82.63 64.00 40.24

Tentative Timeline

Opening Date 20/12/2024
Closing Date 24-12-2024
Basis of Allotment 26-12-2024
Initiation of Refunds 27-12-2024
Credit of Shares to Demat 27-12-2024
Listing Date 30-12-2024

Objects of the Issue

Since the company has no fresh issue the entire proceeds from the offer will be received by the promoter.

Contact Information

Registered Office Carraro India Limited B2/ 2 MIDC, Ranjangaon, Pune 412 220 Maharashtra
Phone +91 2138 662666
Email company_secretary@carraroindia.com
Website https://www.carraroindia.com/

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email carraro.ipo@linkintime.co.in
Website https://linkintime.co.in/Initial_Offer/public-issues.html

IPO Reservation

Anchor Investor Shares Offered 53,26,703 (30%)
QIB Shares Offered 35,51,138 (20%)
Retail Shares Offered 62,14,489 (35%)
NII (HNI) Shares Offered 26,63,352 (15%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 68.77%

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