Carraro India IPO allotment likely today: Check status, GMP, listing date and other details

The share allotment of Carraro India IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Firstly, here's how you can know the status on BSE


Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Carraro India IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.

Step 1: Visit the Link Intime India website (https://linkintime.co.in/initial_offer/)

Step 2: Select Carraro India IPO

Step 3: Enter the PAN details and click search to know the status

Carraro India GMP

The company's shares are expected to get listed on the exchanges on December 30. According to market sources, Carraro India is trading with a GMP of Rs 0 in the grey market, which translates to a premium of 0% to the issue price.

Carraro India IPO subscription

The IPO of Carraro India just managed to sail through the last day of the bidding process. The overall subscription stood at 1.18 times at close.

Carraro India specializes in the manufacturing of components ranging from small gears to complete tractor assemblies. The company designs, produces, and sells transmission systems—such as axles, transmissions, and drives—primarily for agricultural and construction off- highway vehicles.

Additionally, it manufactures a wide variety of gears for sectors including automotive, trucks, agriculture, and construction vehicles.

The company operates two manufacturing plants in Pune, Maharashtra: a driveline manufacturing facility covering 84,000 square meters and a gear manufacturing plant spanning 78,000 square meters.

The company's revenue from operations increased 4% from Rs 1,695 crore in FY23 to Rs 1,770 crore in FY24, primarily due to an increase in revenue from the sale of products. Profit after tax rose 29% to Rs 60.58 crore in the same period.

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