Carraro India IPO Allotment Status: Check Allotment Status Online on BSE, NSE & Link Intime India

Carraro India IPO: Subscription Details

Carraro India’s IPO was fully subscribed by the end of the subscription period. However, the issue saw lackluster demand from non-institutional and retail investors as their portions were not fully subscribed.

The qualified institutional buyers (QIBs) were booked 2.21 times with bids for 87.72 lakh shares against an offer of 37.42 lakh shares. Meanwhile, the non-institutional investors (NIIs) portion had 28.06 lakh shares on offer and received bids for 16.86 lakh shares, or 0.60 times.

The retail investor segment was booked 0.71 times with bids for 46.59 lakh shares against an offer of 65.49 lakh shares.

In total, the issue was subscribed 1.12 times with bids for 1.46 crore shares against an offer of 1.30 crore shares.

On December 19, 2024, the company announced that it had raised ₹375 crore from anchor investors.

Carraro India: Lot Size and Price Band

The lot size for the Carraro India IPO was 21 shares. The price band for the IPO was set at ₹668 to ₹704 per share. To apply to the Carraro India IPO, an investor needed to make a minimum investment of ₹14,784. The minimum lot size for small non-institutional investors and big non-institutional investors was been set at 14 lots and 68 lots, respectively

Carraro India IPO Allotment Status

Investors who have applied for the Carraro India IPO can check the allotment status either on the Bombay Stock Exchange (BSE) website or the website of the IPO’s registrar, Link Intime. Alternatively, investors can also check the allotment status on the NSE website. 

Check Carraro India IPO Allotment Status on BSE

Step 1: Visit the BSE website here

Step 2: Under ‘Issue Type’, select equity.

Step 3: Select Carraro India under the ‘Issue Name’.

Step 4: Enter your PAN or Application number to check the allotment status.

Check Carraro India IPO Allotment Status on Link Intime

Step 1: Visit the website of the IPO’s official registrar here

Step 2:  Select Carraro India from the dropdown menu

Step 3: Enter your PAN, application number, or DP client ID details

Step 4: Submit and check your allotment status.

Check Carraro Allotment Status on NSE

Step 1: Visit the NSE IPO allotment page here

Step 2: If you have not registered, sign up using your PAN card

Step 3: Log in using your username and password

Step 4: Make sure the IPO Bid Details Column is checked

Step 5: Select ‘Carraro India’ from the dropdown menu

Step 6: Enter your application number 

Step 7: Click on ‘Get Data’ to check the allotment status

About Carraro India

Carraro India was founded in 1997 and is engaged in the manufacturing of transmission systems which includes axles, transmissions, and drives. The company is primarily focused on agricultural and construction vehicles. The company also manufactures gears for various vehicle types.

Since the IPO consists entirely of an offer-for-sale component, the proceeds of the IPO will go to the selling shareholders.

In FY24, Carraro India reported a revenue of ₹1,806.55 crore. The net profit for the fiscal came in at ₹62.56 crore.