Carraro India was listed at Rs 651 on the National Stock Exchange, a discount of 7.5% to the issue price. It was listed at Rs 660 on BSE, a premium of 6.25% to the issue price.
Carraro India IPO details
Carraro India’s IPO was booked to a total of 1.18 times. The retailers didn’t show much interest and booked the IPO 0.75 times while the NIIs booked it 0.63 times. The QIBs had to save the IPO by subscribing to it 2.33 times. The IPO opened its window for subscription on December 20 and closed it on December 24. The company through this IPO raised Rs 1,250 crore, which was entirely an offer for sale. Furthermore, Carraro International S.E., the promoter, divested up to 1.78 crore shares in this issue. The allotment of IPO shares was finalised on December 26. The IPO price band was fixed between Rs 668 to Rs 704 per equity share.
Carraro India IPO review
“Overall, Carraro India’s IPO valuation appears favourable, given its strong financial performance, solid market position, and positive industry trends. The company’s ability to maintain high growth rates, innovate, and adapt to changing market conditions positions it well for future success. Investors should consider these factors, along with the broader economic environment and market conditions, to make informed investment decisions,” said Bajaj Broking in an IPO note.
Lead manager and registrar
Axis Bank, BNP Paribas, and Nuvama Wealth Management were the book-running lead managers of the IPO, while Link Intime India worked as the registrar for the issue.
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