Carraro India Limited IPO

December 19, 2024

This is to inform you that Carraro India Limited is coming out with a public issue to raise Rs.1250 crore from the market.

The issue opens on December 20 and closes on December 24, 2024.

Details of the Carraro India Limited IPO

Company Details

Carraro India was incorporated on April 11, 1997. Carraro India is one of the leading independent Tier 1 suppliers of axles, transmission systems and gears for the agricultural tractor and construction vehicle industries in India. Carraro India, the Indian subsidiary of the Carraro Group, is a major global player in the driveline systems industry, particularly for off-highway vehicles like tractors and construction vehicle.

Carraro India's foray into the Indian market began in 1997 when it established a manufacturing centre in Pune, India, through a joint venture with Escorts Ltd., In the following years, a second plant was also established for the production of gears and components. Carraro India has since acquired 100% ownership of its manufacturing facilities.

The Company commenced production of transmission systems in 1999, followed by the manufacturing of axles in 2000, marking its entry into the Indian automotive components industry.

The Company's comprehensive service offering sets it apart from other players in the Indian market. It’s ability to provide a seamless, end-to-end experience for its customers - from initial design and customization to material procurement, in-house manufacturing, supply chain management, delivery, and after-sales service - is a key differentiator.

Carraro India is one of the leading suppliers in the market supplying key OEMs such as Mahindra Farm division and Swaraj, Tata Hitachi, Escorts Kubota Ltd., Sonalika, Bull Machine, TAFE, ACE, John Deere India Pvt Ltd, Caterpillar, Doosan and CNH across the agricultural and construction vehicle manufacturing sector.

As of March 31, 2024, the Company has established itself as the market leader in providing transmission systems for tractors transmission systems up to 150 horsepower and four-wheel-drive capabilities.

In August 2022, Carraro India inaugurated a new portal axle assembly capable of producing over 42,000 pieces per year to take care of Carraro India's customer demand with market shift from 2WD to 4WD in 35HP to 50 HP tractor range.

In November 2023, Carraro India developed the eT50/eT75 Transaxle. The eT50/eT75 Transaxle has a power rating of 75HP, making it suitable for various agricultural applications.
Issue Period Issue opens on: Friday, December 20, 2024
Issue closes on: Tuesday, December 24, 2024
Price Band Rs.668 to Rs.704 per equity share
Bid Lot 21 equity shares and in multiple thereafter.
Issue Size Rs. 1250 crore
Issue break-up QIB - 50 % of the offer - Rs. 625.00 Cr
NIB - 15 % of the offer - Rs. 187.50 Cr.
RET - 35 % of the offer - Rs. 437.50 Cr.
Listing NSE and BSE
Registrar Link Intime India Private Limited
UPI All NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode
Note
  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected.
  • "The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ₹ 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Tuesday, December 24, 2024."

Watch these 4 videos to know how to apply for the Carraro India Limited IPO online easily.

Step 1: Create an UPI ID

Create UPI ID

How to Create UPI ID CTA
Step 2: Apply for IPO online using mobile app or website

Step 3: Authorise UPI mandate to block payment

Authorised UPI ID

Authorised UPI ID CTA

Remember these points while applying for IPOs

  • With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
  • You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
  • Currently, UPI works on the following mobile applications:
    UPI Apps live on IPO VPA Handle
    BHIM Baroda Pay (only Android) @BARODAMPAY
    BHIM RBL Pay (Android & iOS) @rbl
    BHIM PayWiz ( Android ) @idbi
    BHIM (android & iOS) @upi
    BHIM AUPay (Android & iOS) @aubank
    BHIM Axis Pay (only android) @axisbank
    BHIM BANDHAN UPI (Android & iOS) @bandhan
    BHIM DLB UPI (Android & iOS) @dlb
    BHIM IndusPay (only Android) @indus
    BHIM KBL UPI (Android) @kbl
    BHIM Lotza UPI (only Android) @federal
    BHIM SBIPay (only android) @sbi
    BHIM UCO UPI (Android and iOS both) @uco
    DhanSmart (Android & iOS) @dlb
    DigiBank - DBS (Android & iOS) @dbs
    Freecharge (Android & iOS) @freecharge
    Google Pay (android & iOS) @okhdfcbank, @okaxis , @oksbi, @okicici
    Groww Pay (Android & iOS) @yesg
    HSBC Simply Pay (android & iOS) @hsbc
    IDBI Bank GO Mobile+ ( Android & iOS) @idbi
    iMobile by ICICI Bank (android users) @icici
    IndOASIS (Android and iOS both) @indianbank, @allbank
    Kotak Mobile Banking App (Android) @kotak
    MobiK wik ( Android & iOS) @ikwik
    Nxt – Union Bank of India ( iOS and Android ) @unionbankofindia, @uboi and @unionbank
    Paytm (Android & IOS) @ptaxis, @pthdfc, @ptyes, @ptsbi
    Phone-Pe (Android & iOS) @ybl, @axl, @ibl
    SIB Mirror+ (only Android) @sib
    YES Pay Next (android & iOS) @yespay
  • To avoid rejection, download the latest version of the app.
  • Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
  • As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
  • The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
  • If you forget the UPI PIN, simply reset it instead of entering a wrong one.
  • If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
  • There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
Published by Team Internal Communications
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