Markets / IPO / Carraro India

Carraro India IPO

Updated 17:56

Mainboard IPO on NSE and BSE · Auto Components & Equipments

Status

Listed

Price band

₹668–704

Lot size

21 shares · ₹14,784

Subscribed

1.12×

How it listed

Issue price

₹704

Listing price (open)

₹651.00 -7.53%

First-day close

₹636.20 -9.63%

Price now

₹487.00 -30.82%

Listing day	30 Dec 2024
Open / high / low / close	₹651.00 / ₹682.00 / ₹631.00 / ₹636.20
Shares traded on NSE	27,51,746
Market value at the listing-day close	₹3,617 cr

Closing prices since listing: 26 Oct ₹489.05, 27 Oct ₹502.20, 28 Oct ₹500.05, 29 Oct ₹487.25, 30 Oct ₹478.60, 2 Nov ₹484.20, 3 Nov ₹486.45, 4 Nov ₹492.80, 5 Nov ₹500.40, 6 Nov ₹487.00.

Carraro India share price, live chart and technicals →

Key dates

Bidding opens	20 Dec 2024
Bidding closes	24 Dec 2024
Allotment	25 Dec 2024
Refunds and shares in demat	26 Dec 2024
Listing	30 Dec 2024

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Anchor investors	53,26,703	28.91%	–
Institutions (QIB)	37,42,515	20.31%	–
HNI / NII	28,06,887	15.23%	–
HNI, above ₹10 lakh	18,71,258	10.16%	1,310
HNI, ₹2–10 lakh	9,35,629	5.08%	3,182
Retail	65,49,401	35.55%	3,11,876

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	21	₹14,784
Retail (maximum)	13	273	₹1,92,192
Small HNI (minimum)	14	294	₹2,06,976
Small HNI (maximum)	67	1,407	₹9,90,528
Big HNI (minimum)	68	1,428	₹10,05,312

At ₹704 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Every valid retail application should get shares. The retail portion was subscribed 0.71×.

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	37,42,515	82,72,824	2.21×
HNI / NII	28,06,887	16,86,825	0.60×
HNI, above ₹10 lakh	18,71,258	7,92,099	0.42×
HNI, ₹2–10 lakh	9,35,629	8,94,726	0.96×
Retail	65,49,401	46,59,165	0.71×
Total	1,30,98,803	1,46,18,814	1.12×

NSE and BSE bids together, as of 24 Dec 2024 19:00.

Demand at each price

Top price ₹704	104.29 lakh shares	71.3%
Cut-off final price, whatever it is; mostly retail	40.73 lakh shares	27.8%
Lower prices ₹668–703	1.28 lakh shares	0.9%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	19 Dec 2024
Anchor shares	53,26,703
Raised from anchors	₹375.00 cr
Lock-in ends for the first 50% (30 days)	23 Jan 2025
Lock-in ends for the remaining 50% (90 days)	24 Mar 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹4,002 cr	₹2,769 cr
P/E (last 12 months' profit)	37.5	25.9

Revenue, last 12 months	₹2,307 cr
Profit, last 12 months	₹107 cr
Return on equity	18.9%
Debt to equity	0.25

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Auto Components & Equipments

Company	Listed	Subscribed	On listing	Since IPO
Adroit Industries (India)	30 Sept	176.85×	+75.37%	+23.08%
Kheria Autocomp SME	24 Sept	–	+3.86%	-5.05%
Hero Motors	23 Sept	6.66×	-2.38%	+43.13%
Sumax Engineering SME	2 Sept	–	+9.90%	-7.52%
Dhoot Transmission	17 Aug	74.21×	+37.77%	+83.88%
Happy Steels SME	16 Jul	–	+3.03%	0.00%
Sedemac Mechatronics	11 Mar	2.68×	+13.54%	+123.66%
Tenneco Clean Air India	19 Nov	58.83×	+27.20%	+6.61%

IPO details

Price band	₹668–704
Final issue price	₹704
Lot size	21 shares
Minimum investment	₹14,784 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	₹10 per Equity Share
Industry	Auto Components & Equipments
Issue size	Initial Public Offer for Sale up to 12,500 million (Including Anchor Allocation of 53,26,703 Equity Shares)
ISIN	INE0V7W01012
Registrar	Link Intime India Private Limited Helpline: +91 8108114949, carraro.ipo@linkintime.co.in
Lead managers	Axis Capital Limited, BNP Paribas and Nuvama Wealth Management Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 25 Dec 2024. Check it on the registrar's page (Link Intime India Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Carraro India IPO price band and lot size?

The price band is ₹668–704 per share, and one lot is 21 shares (₹14,784 at the upper price).

When is the Carraro India IPO allotment date?

Allotment was finalised on 25 Dec 2024, the next working day after bidding closed on 24 Dec 2024.

How many times was the Carraro India IPO subscribed?

In total 1.12 times, on NSE and BSE together; retail 0.71 times.

What is the Carraro India IPO listing date?

It listed on 30 Dec 2024 on NSE and BSE.

What is the chance of getting Carraro India IPO shares?

The retail portion was not oversubscribed, so every valid retail application should get shares.

When does the Carraro India anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 23 Jan 2025 and the 90-day lock-in on the rest ends on 24 Mar 2025; they can sell from the next trading day.

What was the Carraro India listing gain?

It opened at ₹651.00 against an issue price of ₹704, a loss of 7.53%. It is now down 30.82% from the issue price.