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The ₹1,250-crore initial public offering of the component manufacturer for agricultural and construction equipment saw a muted demand during the three-day subscription from December 20 to December 24. The IPO was booked 1.12 times on the last day.
The investors applied for more than 1.46 crore shares against nearly 1.31 crore shares on offer.
The Non-Institutional Investors (NIIs) and retail categories were booked 60% and 71%, respectively. The Qualified Institutional Buyers (QIBs) booked their quota 2.2 times.
Carraro India Ltd aimed to raise ₹1,250 crore through its IPO through an offer-for-sale (OFS) of 1.78 crore shares.
The investors, who bid for the IPO shares, can check the allotment status online via the BSE and NSE websites, as well as the official portal of the issue registrar, Link Intime India Pvt. Ltd.
Steps to check Carraro India IPO share allotment on BSE
· Visit the IPO allotment page on BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
· Select ‘equity’ as the issue type
· Choose Carraro India Ltd. from the dropdown menu for issue names
· Enter your application number or PAN
· Verify ‘Captcha’
· Click on Search to see share allotment details
Steps to check Carraro India IPO allotment on Link Intime India:
· Visit IPO allotment page on the Link Intime India website: https://linkintime.co.in/Initial_Offer/public-issues.html
· From the dropdown list, select ‘Carraro India Ltd’ as the company name
· You can choose any of these option— PAN, Application Number, DP/Client ID or Account Number/IFSC
· Enter the required details
· Click on ‘Submit’ to check the allotment status
Investors can also check the IPO allotment status on the NSE website, by providing PAN and application number details.
Carraro India IPO details
Credit of shares to the Demat account of successful bidders is expected on Friday, December 27. The company will also initiate refunds for non-allottees the same day.
Shares of Carraro India Ltd are scheduled to be listed on the NSE and BSE on December 30.
The IPO price band was set at ₹668 to ₹704 per share.
Incorporated in 1997, Carraro India is a leading manufacturer of components for tractor manufacturing. The company specialises in complex engineering products and solutions for original equipment manufacturers (OEM). Carraro India produces axles, transmissions, and drives for agricultural and construction equipment for off-highway vehicles.
As of September 2024, the company supplied its products to 38 manufacturers in India and six internationally.
