Carraro India makes lacklustre debut; lists 7.5% discount on NSE

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.

 » Read More

Related Articles

The Evolution of Gurgaon’s Real Estate: How Dwarka Expressway is leading the way

With rising demand and consistent price appreciation, Gurgaon’s real estate market is on a strong growth trajectory. Its prime location, excellent connectivity, and world-class infrastructure make it a preferred choice for homebuyers and investors alike. The Evolution of Gurgaon Real Estate Infrastructure Gurgaon has long been a pioneer in shaping India’s luxury real estate market

Fixed Deposit: Make the most of current FD rates before they start falling

Fixed deposit (FD) rates are currently looking pretty attractive. If you’ve been thinking about parking your savings in guaranteed return investment schemes and earn decent returns, this might be the best time to do so. Banks are currently offering interest rates as high as 8% on FDs, with smaller banks pushing the envelope even further.

FPIs’ incessant selling continues; withdraw Rs 7,300 crore from equities in a week

The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about 840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

The Evolution of Gurgaon’s Real Estate: How Dwarka Expressway is leading the way

With rising demand and consistent price appreciation, Gurgaon’s real estate market is on a strong growth trajectory. Its prime location, excellent connectivity, and world-class infrastructure make it a preferred choice for homebuyers and investors alike. The Evolution of Gurgaon Real Estate Infrastructure Gurgaon has long been a pioneer in shaping India’s luxury real estate market

Fixed Deposit: Make the most of current FD rates before they start falling

Fixed deposit (FD) rates are currently looking pretty attractive. If you’ve been thinking about parking your savings in guaranteed return investment schemes and earn decent returns, this might be the best time to do so. Banks are currently offering interest rates as high as 8% on FDs, with smaller banks pushing the envelope even further.

FPIs’ incessant selling continues; withdraw Rs 7,300 crore from equities in a week

The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about 840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore

Co-working spaces boom in small towns

In December last year, Andhra Pradesh chief minister N Chandrababu Naidu, in a bid to boost employment opportunities for women, ordered state officials to facilitate development of co-working spaces and “neighbourhood working spaces”. By the end of 2025, Andhra Pradesh aims to set up 1,50,000 seats in co-working space centres in government and private buildings.

India most expensive market: Valuation guru Aswath Damodaran

By Ananya Grover The Indian stock market is the most expensive and no amount of “hand-waving” can justify the story of paying 31 times earnings, 3 times revenue and 20 times EBITDA, in the aggregate, for Indian companies, believes valuation guru Aswath Damodaran. The New York University finance professor, in a recent blog post,  noted