Carraro India announces ₹1,250 crore OFS

Carraro India Ltd has announced to enter the capital market with a 100% offer for sale in the price band of ₹668 to ₹704 per equity share with a face value of ₹1 each. 

At the upper price band the size of the Initial Open Offer (IPO) is estimated at ₹1,250 crore. 

The IPO will open on Friday, December 20, 2024 and close on 24, December, 2024. Investors can apply for a minimum of 21 shares and in lots of 21 shares thereafter. 

The company, the subsidiary of Carraro SpA of Italy, is a market leader in the Agriculture and Construction Automotive manufacturing sector (axles and transmission systems for agricultural tractors and construction vehicles) in India.