Carraro India IPO

Carraro India Ltd

₹14,028 /21 sharesMinimum Investment

Carraro India IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
20 Dec ‘24 - 24 Dec ‘24₹14,02821₹668 - ₹704
Issue SizeIPO Doc
1250.00Cr
RHP PDF

Subscription rate

As of 23 Dec'24, 06:00 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.20x
Retail Individual Investor0.35x
Total0.22x

About Carraro India

Carraro India is a supplier that makes engineering products for original equipment manufacturer (OEM) customers. Primarily, the company manufactures axles and transmission systems for agricultural tractors and construction vehicles such as backhoe loaders, soil compactors, and small motor graders, alongside gears, shafts, and related components for industrial and automotive applications. The company also provides solutions, including in-house product design, manufacturing, and supply of critical components for off-highway vehicles.;
Founded in
1997
Managing director
Mr. Balaji Gopalan
Parent organisation
Carraro India Ltd

Strengths & Financials of Carraro India

Strengths
Risks
The company claims to have advanced manufacturing facilities at its two manufacturing plants in Pune, Maharashtra. Among these, the driveline manufacturing plant is equipped for machining, assembly, and testing of axles and transmission systems. The gear manufacturing plant claims to house advanced gear machining and heat treatment technologies such as carburising, induction hardening, and nitriding.
As of September 30, 2024, the gear manufacturing plant holds the IATF 16949:2016 certification for quality management and is also ISO 9001:2015 certified for quality management systems.
The drive line manufacturing plant is ISO 9001:2015 certified for quality management systems and ISO 14001:2015 certified for environmental management systems.
As of September 30, 2024, Carraro India supplies its products to 38 manufacturers across India.
In addition to serving Indian manufacturers, Carraro India supplies products to international manufacturers. Some of these exports are facilitated through Carraro Drive Tech Italia S.p.A., a leading entity in the Carraro Group's driveline business.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 1,497.54 crore in FY22 to Rs 1,713.14 crore in FY23 to Rs 1,788.96 crore in FY24, while PAT increased from Rs 22.43 crore in FY22 to Rs 48.46 crore in FY23 to Rs 62.56 crore in FY24.

Carraro India Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Carraro India IPO

Apply asPrice bandApply upto
Regular668 - 704₹2 Lakh
High Networth Individual668 - 704₹2 - 5 Lakh
For Carraro India IPO, eligible investors can apply as Regular.
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