₹ 14784 / 21 shares
IPO Details
RHP/DRHPIssue Date
20 Dec - 24 Dec'24
Investment/lot
₹ 14784
Price Range
668 - 704
Lot Size
21
IPO Size
₹ 1250 Cr
IPO Listing Details
Listing On
30 Dec'24
Issue Price
704
Listed Price
--
Retail Gain/Listing Gain
--
IPO Timeline
About Carraro India IPO
Carraro India Limited is an IPO of ₹1250 crores. It consists of an offer for sale of ₹1.78 crore shares. The IPO opening date is Dec 20, 2024 and the closing date is Dec 24, 2024. The shares will be allotted on Dec 26, 2024. They will be credited to the demat account on Dec 27, 2024. The refunds will be initiated on Dec 27, 2024.
Objective of Carraro India IPO
- Repayment/prepayment of certain borrowings.
- General corporate purposesventive-hospitality-lim.
Carraro India IPO Valuation
| Particulars | Details |
|---|---|
Upper Price Band (₹) | ₹668-₹704 |
Existing Shares to be Sold | 1,77,55,680 |
EPS (₹) | 49.88(FY 24) |
Carraro India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 21 | ₹14,784 |
Retail (Max) | 13 | 273 | ₹1,92,192 |
S-HNI (Min) | 14 | 294 | ₹2,06,976 |
S-HNI (Max) | 67 | 1,407 | ₹9,90,528 |
Carraro India IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not less than 50% of the Net Issue |
Retail Shares Offered | Not more than 35% of the Net Issue |
NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Industry Overview
The global market for agricultural tractors and construction vehicles is projected to grow significantly, driven by demand in India. The Indian market has seen steady growth with a CAGR of 5.9% in tractors and 4.2% in construction vehicles from 2019 to 2023.
Carraro India IPO Review | Issue Details | Watch Before Applying | Key Highlights
Kotak Securities
•2m 58s
Company Information
Carraro India Limited is a leading supplier of axles, transmission systems, and gears for agricultural tractors and construction vehicles. The company leverages in-house R&D and manufacturing capabilities to provide integrated solutions for OEM customers. It is a part of the Carraro Group, a global leader in drivetrain systems.
Carraro India IPO Strengths:
Integrated Manufacturing:
Offers complete solutions with in-house R&D and production.
Global OEM Relationships:
Established partnerships with top-tier clients worldwide.
Strong Financial Performance:
Demonstrated consistent growth in revenue and profitability
Risks of Carraro India Limited IPO
- Customer Concentration: Heavy reliance on top five customers for revenue.
- Seasonal Demand: Sales linked to agricultural and construction cycles.
- Export Dependency: Substantial revenue from international markets
All Financial Information about Carraro India
Comprehensive financial data, including revenue, profit/loss statements, EBITDA, and other critical metrics.
Particulars (in Rs. million)
Particulars (in Rs. million)
Comparison with peers
| Company | Face Value (₹) | P/E Ratio | EPS (₹) | RONW (%) | NAV/Share (₹) |
|---|---|---|---|---|---|
Carraro India Limited | 10 | N/A | 11 | 16.9 | 65.05 |
Escorts Kubota Limited | 10 | 43.21 | 96.80 | 11.43% | 830.45 |
Schaeffler India Limited | 2 | 74.22 | 57.5 | 18.71% | 307.44 |
Sona BLW Precision Forgings Limited | 10 | 76.93 | 8.83 | 18.49% | 47.75 |
Anchor Investor Information
Anchor investor bidding will open on December 19, 2024, one working day before the IPO opens.
IPO Registrar and Book Running Lead Managers
Book running Lead managers:
Book Running Lead Managers: Axis Capital Limited, BNP Paribas, and Nuvama Wealth Management Limited
Registrar for the IPO is Link Intime India Private Limited
Carraro India Limited Business Model
Axles & Transmissions: Manufacturing for agricultural and construction vehicles. Component Supply: Producing gears, shafts, and other industrial components. OEM Partnerships: Serving Tier-1 clients globally
Company Growth Trajectory
Revenue: Grew from ₹14,975.43 million in FY22 to ₹17,889.65 million in FY24 PAT: Improved from ₹224.26 million in FY22 to ₹625.63 million in FY24
Company Market Position
Carraro India is a key player in the agricultural and construction vehicle component markets, with a significant export footprint. The company leverages its relationship with the Carraro Group to access global markets and OEM networks, maintaining a competitive edge through technology-driven solutions.
Carraro India Profit & Loss
| Metric | FY22 (₹ Mn) | FY23 (₹ Mn) | FY24 (₹ Mn) |
|---|---|---|---|
Total Income | 15,200.53 | 17,332.98 | 18,065.47 |
Profit Before Tax | 307.34 | 655.88 | 843.72 |
Net Profit | 224.26 | 484.59 | 625.63 |
EBITDA | 828.63 | 1,248.11 | 1,499.95 |
Carraro India Cash Flow Statement
| Metric | FY22 (₹ Mn) | FY23 (₹ Mn) | FY24 (₹ Mn) |
|---|---|---|---|
Profit before tax | 294.31 | 1,312.73 | 1,663.17 |
Net Cash from Operations | 958.31 | 802.15 | 1121.88 |
Net Cash from Investing | (594.48) | (617.65) | (846.84) |
Net Cash from Financing | 85.26 | (154.69) | (301.82) |
Cash & Cash Equivalents | 1039.64 | 1049.89 | 1035.96 |
How To Check Allotment Status of CARRARO INDIA LIMITED IPO?
You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Link InTime India Pvt Ltd. To check the status on the BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Carraro India Limited.
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Link Intime website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Ventive Hospitality Ltd from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
Carraro India IPO FAQs
What is the minimum lot size required for Carraro India IPO?
The minimum lot size is 21 shares and the investment required is ₹14784.
What is the price band of the Carraro India IPO?
The price band of Carraro India IPO is ₹668 to ₹704.
Where can I read more about Carraro India business?
You can read more about Carraro India and its IPO from the company’s red herring prospectus (RHP) here.
What is the Ventive Hospitality Ltd IPO?
The Carraro India Limited IPO has an issue size of ₹1250 crores. The IPO opens for subscription on 20/12/2024 and closes on 24/12/2024.
Who is the Registrar for Carraro India Limited IPO?
Link Intime India Limited is the registrar for this IPO.
