IPO Details
Bidding Dates
20 Dec 24 - 24 Dec 24
Price Range ₹
668 - 704
Total Equity
₹ 922.16Cr
Lot Size
21
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.71×
Qualified Institutional Buyers
2.21×
Employees
0.00×
Retail Investors
0.71×
Total subscription Rate
1.12×
IPO Timeline
Offer start
20 Dec 2024
Offer end
24 Dec 2024
Allotment
26 Dec 2024
Refund initiation
27 Dec 2024
Demat transfer
27 Dec 2024
Listing
30 Dec 2024
Offer start
20 Dec 2024
Offer end
24 Dec 2024
Allotment
26 Dec 2024
Refund initiation
27 Dec 2024
Demat transfer
27 Dec 2024
Listing
30 Dec 2024
About Company
Founded in 1997, Carraro India Ltd. is a key manufacturer of transmission systems, including axles, drives, and gears, for agricultural and construction vehicles. The company also produces gears for sectors like automotive and industrial equipment. Operating two advanced manufacturing plants in Pune, spanning 84,000 and 78,000 square meters, it employs cutting-edge technologies for casting, machining, assembly, and heat treatment. Carraro India’s portfolio includes axles and transmissions for agricultural tractors and gears for construction equipment such as backhoe loaders and forklifts. It also manufactures gears, shafts, and ring gears for broader industrial and automotive applications. Supported by a network of 220 local and 58 international suppliers, it ensures efficient operations and after-sales service through its dedicated workforce. The company’s competitive edge lies in its Tier 1 supplier status, strong OEM relationships, advanced R&D capabilities, and high-tech production facilities, positioning it as a leader in India’s agricultural and construction vehicle markets.
Year Founded
11-04-1997
Promotor Details
Ettore Francesco Sequi
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 68.77 |
| Share Capital | 56851538 | 39095857 |
Offer to Public
1,30,98,803.00 Cr
Project Details
- None - Nonecr
Objectives
- (i) carry out the Offer for Sale of [?] Equity Shares of face value of ? 10 each aggregating up to ? 18,52 million by the Promoter Selling Shareholder(ii) achieve the benefits of listingthe Equity Shares on the Stock Exchanges.
Highlights
- Leading Tier-1 supplier of axles and transmission systems in India.
- Strong market position with a 60-65% share in construction transmissions.
- Early-mover advantage with 27 years of operations in the Indian market.
- Robust R&D capabilities with a focus on proprietary IP and innovation.
- Technologically advanced manufacturing plants with high production capacity.
Challenges
- Top 10 customers contributed 86.29% of revenue in FY2024, indicating high customer concentration risk.
- Dependence on Carraro Group for 34.28% of total revenue exposes the business to significant dependency risks.
- Related party transactions require substantial capital investment without guaranteed returns.
- Potential product defects may result in costly recalls and reputational damage.
- Disruptions at Pune plants could severely impact operations and production.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 88,148.90 | 5,685.15 | 21,18,77,950.00 | 21,18,77,950.00 | 3.7269 |
| 2020 | 10,12,71,36,000.00 | 56,85,15,400.00 | 605.81 | 605.81 | 10.6559 |
| 2022 | 11,525.12 | 568.52 | 15,42,66,540.00 | 15,42,66,540.00 | 2.7147 |
| 2023 | 12,240.08 | 568.52 | 15,42,66,540.00 | 15,42,66,540.00 | 2.7147 |
| 2024 | 12,593.17 | 568.52 | 91,86,51,260.00 | 91,86,51,260.00 | 15.6635 |
