Carraro India IPO, a fully offer-for-sale issue worth ₹1,250 crores, closed its bidding process on December 24, 2024. The IPO saw moderate investor interest, with a subscription rate of 1.18 times. The allotment was finalized on December 26, 2024, and the listing is scheduled for December 30, 2024, on both the BSE and NSE.
IPO Details
- IPO Size: ₹1,250 crore (Offer for Sale: 1.78 crore shares)
- Price Band: ₹668 to ₹704 per share
- Face Value: ₹10 per share
- Lot Size: 21 shares
- Minimum Investment:
- Retail Investors: ₹14,784
- Small Non-Institutional Investors (sNII): ₹2,06,976 (14 lots)
- Big Non-Institutional Investors (bNII): ₹10,05,312 (68 lots)
- Listing Date: December 30, 2024
- Issue Type: Book Built Issue IPO
- Pre-Issue Shareholding: 5.68 crore shares
- Post-Issue Shareholding: No change (Offer for Sale)
Subscription Details
- Overall Subscription: 1.18 times
- Investor Categories:
- Retail: Subscribed moderately
- Institutional and Non-Institutional: Modest participation
Grey Market Premium (GMP)
As of today, Carraro India IPO is trading with 0% GMP, reflecting no expected premium or discount upon listing. So the expected listing will be around the issue price of Rs 704
