Carraro India IPO Details, Financials, Valuation & Peers
Explore Carraro India IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Carraro India Limited is a technology-driven integrated supplier specializing in the design, development, and manufacturing of axles, transmission systems, and gears for the agricultural tractor and construction vehicle industries. Established in 1997 and headquartered in Pune, India, the company serves as an independent Tier-II solution provider for OEM customers, offering end-to-end services, including product design, manufacturing, and after-sales support. As a part of the Carraro Group, a global leader in transmission systems, Carraro India benefits from the group's extensive R&D capabilities and proprietary technologies. The company operates two state-of-the-art manufacturing facilities in Pune, equipped with advanced technologies such as casting, machining, assembly, heat treatment, and prototyping, ensuring superior quality and efficient production processes.
Key Points:
- Core Business:
- Manufacturer and supplier of axles, transmission systems, gears, and related components for agricultural tractors and construction vehicles.
- Product portfolio includes gears, shafts, and ring gears for industrial and automotive applications.
- R&D Capabilities:
- Acquired Carraro Technologies India Private Limited (CTIPL) in 2024, enhancing in-house R&D capabilities.
- Proprietary IP rights for products customized for the Indian market.
- Dedicated R&D center in Pune for designing future-ready products.
- Manufacturing Facilities:
- Two facilities in Pune with advanced technologies for machining, assembly, heat treatment, and painting.
- Certified with IATF 16949:2016 quality management standards.
- Competitive Advantages:
- Early mover in the Indian market with over 27 years of experience.
- Strong customer relationships and high switching costs for customers due to customized and mission-critical products.
- End-to-end service offering, including design, manufacturing, and after-sales support.
- Market Presence:
- Extensive network with domestic and international customers.
- Serves multiple sectors, including agriculture, construction, automotive, and industrial markets.
Objects of the Issue
- Carry out the Offer for Sale of face value of ₹ 10 each aggregating up to ₹1,250.00 crore by the Promoter Selling Shareholder
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 20 Dec - 24 Dec 2024 |
| IPO Price Band | ₹668 - ₹704 per share |
| Fresh Issue | NIL |
| Offer For Sale | ₹1,250 crore |
| Total IPO Size | ₹1,250 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 20 Dec 2024 |
| IPO Closing Date | 24 Dec 2024 |
| Basis Of Allotment | 26 Dec 2024 |
| Refunds | 27 Dec 2024 |
| Demat Transfer | 27 Dec 2024 |
| IPO Listing Date | 30 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 1,520.05 | 1,733.30 | 1,806.55 | 922.74 |
| Total Expenses | 1,489.32 | 1,667.71 | 1,722.18 | 855.82 |
| Net Profit/Loss | 22.43 | 48.46 | 62.56 | 49.73 |
| NPM (*) | 1.50 | 2.83 | 3.50 | 5.44 |
| Total Assets | 1,012.44 | 1,072.39 | 1,072.89 | 1,093.41 |
| Total Liabilities | 719.81 | 734.86 | 702.98 | 673.87 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 3.94 | 8.52 | 11.00 | 8.75 |
| ROE (%) | 7.93 | 15.39 | 17.69 | 12.60 |
| ROCE (%) | 10.00 | 16.30 | 19.35 | 13.13 |
| D/E Ratio | 0.62 | 0.57 | 0.58 | 0.50 |
| Current Ratio | 1.14 | 1.29 | 1.26 | 1.47 |
| EBITDA MARGIN (%) | 5.45 | 7.20 | 8.30 | 10.96 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Carraro India Limited | 1,788.97 | 64.0 | 11.00 | 16.92 | 65.05 |
| Escorts Kubota Limited | 8,849.62 | 43.21 | 96.64 | 11.43 | 830.45 |
| Schaeffler India Limited | 7,250.91 | 74.22 | 57.5 | 18.71 | 307.44 |
| Sona BLW Precision Forgings Limited | 3,184.77 | 76.93 | 8.83 | 18.49 | 47.75 |
| Ramakrishna Forgings Limited | 3,954.88 | 42.82 | 20.09 | 12.72 | 148.48 |
| Happy Forgings Limited | 1,358.24 | 47.08 | 26.75 | 15.07 | 171.17 |
| Action Construction Equipment Limited | 2,913.80 | 50.56 | 27.56 | 26.69 | 307.44 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 2.33 |
| Non-Institutional Investor (NII/HNI) | 0.63 |
| Retail Individual Investor (RII) | 0.75 |
| Total | 1.18 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Link Intime India Private Ltd
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- TOMASO CARRARO
- ENRICO CARRARO
- CARRARO S.p.A.
- CARRARO INTERNATIONAL S.E.
Lead Managers
- Axis Capital Limited
- BNP Paribas
- Nuvama Wealth Management Limited
Company Address
Carraro India Limited
B2/2 MIDC, Ranjangaon, Pune 412 220, Maharashtra, India
Phone: +91 2138 662666
Email: company_secretary@carraroindia.com
Website: www.carraroindia.com
FAQs
- What is the issue size of the Carraro India IPO?The Carraro India IPO has an issue size of ₹1,250 crore. This includes a fresh issue of NIL and an offer for sale (OFS) of ₹1,250 crore.
- What is the price band of the Carraro India IPO?The price band for the Carraro India IPO is ₹668 - ₹704 per share.
- What are the bidding dates for the Carraro India IPO?The Carraro India IPO will open for bidding on 20 Dec 2024 and close on 24 Dec 2024.
- What is the allotment date for the Carraro India IPO?The allotment date for the Carraro India IPO is 26 Dec 2024.
- What is the minimum lot size and investment required for the Carraro India IPO?The minimum lot size for the Carraro India IPO is 21 shares and the minimum investment required is ₹14,784.
- What is the listing date for the Carraro India IPO?The listing date for the Carraro India IPO is 30 Dec 2024.
- What is the Carraro India IPO grey market premium?The grey market premium (GMP) for the Carraro India IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.