Carraro India Share Price, IPO Listing Highlights: The IPO is all set to hit the bourses on December 30. The 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. 

Carraro India IPO raised Rs 1,250 crore by selling 1.78 crore shares of promoters and other selling shareholders. The IPO was opened on December 20 and ended on December 24. The allotment of shares was finalised on December 26. The IPO price band was fixed at Rs 668 to Rs 704 per share. Axis Bank, BNP Paribas, and Nuvama Wealth Management were the book-running lead managers of Carraro India, while Link Intime India was the registrar for the issue.

Live Updates

Carraro India Share Price Today, IPO Listing Highlights: Check subscription, allotment status, IPO GMP price

16:23 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Stock slips on both BSE and NSE

Carraro India stock closed at Rs 636.30 on the BSE, down by 23.70 points or 3.59%. On the NSE, it closed at Rs 637.50, declining by 13.50 points or 2.07%.

15:35 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Subscription numbers

On the final day of bidding on December 24, Carraro India IPO has been subscribed 1.18 times. Breaking it down by category: the retail segment saw 0.75 times subscription, while the Qualified Institutional Buyers (QIB) category was oversubscribed by 2.33 times. On the other hand, the Non-Institutional Investors (NII) category received a 0.63 times subscription.

14:15 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Stock update

As of 14:08 PM IST, the company’s stock continues to trade in the red. On the BSE, the shares are priced at Rs 637 per share, marking a decline of 3.48%. Similarly, on the NSE, the stock is trading at Rs 639.75 per share, down by 1.73%.

13:38 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Financial Highlights

Carraro India reported steady growth in its financial performance for the year ending March 31, 2024. The company’s revenue saw a modest rise of 4 per cent, while its profit after tax (PAT) registered a 29 per cent surge compared to the previous financial year ending March 31, 2023.

12:52 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Share performance post listing

As of 12:43 PM IST, the company's shares are trading in the red on both major indices. On the BSE, the shares are priced at Rs 644.70, down by 2.32%. Similarly, on the NSE, the shares are trading at Rs 643.85, a decline of 1.10%.

12:30 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Fund Utilisation

The company will not receive any funds from this offer. Instead, all proceeds will go to the Promoter Selling Shareholder, after deducting offer-related expenses and applicable taxes, which will be borne by the Promoter Selling Shareholder.

11:48 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: About the company

Carraro India, founded in 1997, is a key player in manufacturing high-quality components for a variety of industries. The company focuses on designing and producing transmission systems, including axles, transmissions, and drives, mainly for off-highway vehicles used in agriculture and construction. In addition to these core offerings, Carraro India also supplies a diverse range of gears tailored for different sectors like automotive, trucks, and agricultural machinery.

11:02 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Anchor investors and registrars

The Carraro India IPO was managed by Axis Bank, BNP Paribas, and Nuvama Wealth Management as the main book-running lead managers. The registrar for the issue was Link Intime India.

10:30 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Shares Slip Post-Listing

After the listing of Carraro India on the Indian bourses, at 10:25 AM IST, the company's shares were trading at Rs 649.45 on the BSE, down by 1.60%, and at Rs 649.25 on the NSE, down by 0.27%.

10:08 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Issue Debuts Below IPO Price

Carraro India made its debut on the stock exchanges today, with its shares listing below the IPO price. On the NSE, the stock opened at Rs 651, which is 7.5% lower than the IPO price of Rs 704. Meanwhile, on the BSE, it listed at Rs 660, a 6.2 per cen drop from the IPO price.

09:43 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: GMP update

After the bidding closed on December 24 and the allotments were finalised on December 26, he grey market premium (GMP) is Rs 0, meaning there’s no extra value or discount. The stock is estimated to be listed at its issue price of Rs 704 on both BSE and NSE.

09:32 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Price Band and other details

The Carraro India IPO was a book-built issue that aimed to raise Rs 1,250 crores. The entire issue consisted of an offer for sale, comprising 1.78 crore shares. The price band for the IPO was set between the range of Rs 668 to Rs 704 per share.

09:17 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: Listing

Carraro India's shares are all set to debut on the stock exchanges today, December 30, with listings on both the BSE and NSE.

09:15 (IST) 30 Dec 2024

Carraro India Share Price IPO Listing Live Updates: About the issue

The bidding for the Carraro India IPO was open from December 20 to December 24. After the bidding process concluded, the company finalised the allotment of shares on December 26.