The IPO is a whole supply on the market (OFS) of Carraro Worldwide SE for Rs 1,811.65 crore
The supply is being made via a book-building course of, of which not more than 50% of the supply could also be allotted on a pro-rata foundation to certified institutional patrons and a minimum of 15% of the supply could also be allotted to non-non-institutional patrons. Lower than 35% of the issuance could also be allotted to retail traders.
Established in 1997 as a subsidiary of Carraro SpA, Carraro India started producing drivetrains in 1999 and axles in 2000. of engineered merchandise and options for authentic tools producer (OEM) prospects. It’s an impartial Tier 1 provider specializing in axles and drivetrains for agricultural tractors and development automobiles.
Carraro Group is certainly one of India’s main impartial Tier 1 driveline suppliers and a significant provider of axles to the Indian agricultural tractor and development automobile industries. It has additionally established itself because the market chief in supplying drivetrains for tractors with as much as 150HP and four-wheel drive capabilities. By 2023, the corporate is the main sole provider of the non-owned phase of the agricultural tractor transmission market and the market chief, with a 60-65% share of the non-owned development automobile transmission market. manufacturing plant. Its foremost prospects within the discipline of agricultural tractors embrace CNH, TAFE, Mahindra and MahindraJohn Deere India Personal Restricted, Escort KubotaMotion Development Co., Ltd. and Worldwide Tractor Co., Ltd. Within the development automobile phase, it offers providers to CNH, Bull Machines, Liugong, Manitou Gear, Doosan, Escorts Kubota, Mahindra and Mahindra and Motion Development Restricted.
Carraro India’s working revenue grew by 4.44% from Rs 1,695.12 crore in fiscal 2023 to Rs 1,770.45 crore in fiscal 2024, primarily attributable to a rise in product gross sales income. Revenue after tax elevated by 29.44% from 46.8 million rupees in fiscal 2023 to 60.58 million rupees in fiscal 2024.
Axis Capital Restricted, BNP Paribas and Nuvama Wealth Administration Restricted are performing because the book-running lead managers and Hyperlink Intime India Personal Restricted is performing because the registrar for the supply. The fairness shares are proposed to be listed on BSE and NSE.
