Carraro India Limited, a leading manufacturer of transmission systems and components for agricultural and construction equipment, has launched its Initial Public Offering (IPO) on December 20, 2024. The Carraro India IPO is open for subscription until December 24, 2024, offering investors a chance to participate in the company’s growth journey.
Key Details of the Carraro India IPO-
Price Band: The shares are priced between ₹668 and ₹704 per share.
Lot Size: Investors can bid for a minimum of 21 shares, making the minimum investment approximately ₹14,028 at the upper end of the price band.
Issue Size: The total issue size is ₹1,250 crore, entirely an Offer for Sale (OFS) by the promoter, Carraro International SE.
Listing Date: The shares are expected to be listed on the BSE and NSE on December 30, 2024.
Why Should Investors Consider Investing in Carraro India?
1. Strong Market Position: Carraro India is a leading supplier of critical driveline components such as axles and transmissions for India’s agricultural and construction vehicle industries. The company’s expertise in mission-critical components and longstanding relationships with key OEM customers provide it with a significant competitive advantage.
2. Robust Financial Performance:
The company has demonstrated consistent growth, with revenue increasing from ₹1,497.54 crore in FY22 to ₹1,713.14 crore in FY23, and further to ₹1,788.96 crore in FY24. Profit After Tax (PAT) has also shown a significant rise from ₹22.43 crore in FY22 to ₹62.56 crore in FY24, reflecting improved operational efficiency.
3. Advanced Manufacturing Facilities:
Carraro India operates two large manufacturing plants in Pune, Maharashtra, equipped with advanced technologies for machining, assembly, testing, and heat treatment. These facilities enable the company to maintain high-quality production standards and cater to diverse product lines.
4. High Range Product Portfolio:
The company serves multiple sectors, including agricultural tractors, construction vehicles, and automotive and industrial vehicles, offering a range of products such as gears, shafts, and specialized components. This diversification helps mitigate risks associated with dependence on a single sector.
5. Established Supplier Network:
With a robust supply chain comprising 220 suppliers across eight Indian states and 58 international suppliers, Carraro India ensures timely delivery of components and raw materials at competitive prices, supporting its production capabilities.
6. Experienced Management and R&D Capabilities: The company boasts a professional leadership team and a strong R&D division that drives innovation, with proprietary intellectual property rights enabling the development of future-ready products.
Investing in Carraro India’s IPO presents an opportunity to be part of a company with a strong market presence, consistent financial growth, and a commitment to innovation.
The reasonable pricing of the shares, coupled with the company’s robust fundamentals, makes it an attractive option for both new and seasoned investors seeking long-term value.
It’s a golden opportunity for investors to invest by creating a demat account in Angel one.
Carraro India IPO
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