Carraro India IPO: Check latest GMP ahead of listing today

The Carraro India IPO, a fully Offer for Sale issue worth ₹1,250 crores, is set to debut on the BSE and NSE today, December 30, 2024. The IPO received modest investor interest during its subscription period, closing at an overall subscription rate of 1.18 times.

IPO Highlights

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  • 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)
  • Subscription Period: December 20 to December 24, 2024
  • Allotment Finalized: December 26, 2024
  • Listing Date: December 30, 2024
  • Issue Type: Book Built Issue IPO
  • Pre- and Post-Issue Shareholding: 5.68 crore shares (no change due to Offer for Sale)

Subscription Details

  • Overall Subscription: 1.18 times
  • Investor Categories:
    • Retail: Moderately subscribed
    • Institutional and Non-Institutional: Modest participation

Grey Market Premium (GMP)

As of today, the Carraro India IPO is trading with a 0% Grey Market Premium (GMP). This indicates that the stock is expected to list at around its issue price of ₹704 per share, with no significant premium or discount.

With no GMP premium, the listing price is anticipated to hover near the issue price of ₹704. Investors will closely monitor the stock’s debut performance to gauge its market reception and future prospects.