Carraro India experienced a subdued debut on the stock exchanges, listing at Rs 651 each on Monday, December 30, 2024. This represents a 7.5% discount from the IPO price of Rs 704.
Carraro India Limited IPO on Day 3 achieved a total subscription rate of 1.12 times. Qualified Institutional Buyers (QIBs) subscribed 2.21 times, Non-Institutional Investors (NIIs) 0.60 times, and Retail Individual Investors (RIIs) 0.71 times, indicating varied interest across different investor categories.
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Carraro India Limited, a technology-driven supplier, specializes in axles, transmission systems, and gears for OEMs, focusing on agricultural and construction vehicles. With two advanced manufacturing plants in Pune, they are IATF 16949:2016 certified, supporting the value chain from design to production.
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The main objective of Carraro India Limited is to enhance visibility, brand, and liquidity by providing a public market for shares.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.