Carraro India IPO listed at Rs 651 on the NSE today, December 30, 2024, against the issue price of Rs 704, reflecting a 7.53% discount. The IPO, valued at ₹1,250 crores, saw moderate investor interest, with an overall subscription rate of 1.18 times.
Key Listing Highlights:
- Issue Price: ₹704
- Listing Price: ₹651
- Discount: -7.53%
- Grey Market Premium (GMP): 0% before listing
IPO Details:
- IPO Size: ₹1,250 crore (Offer for Sale: 1.78 crore shares)
- Price Band: ₹668 to ₹704 per share
- Lot Size: 21 shares
- Subscription Period: December 20 to December 24, 2024
- Allotment Finalized: December 26, 2024
The IPO received a lukewarm response from investors, with retail investors showing moderate interest and institutional categories also witnessing modest participation. The 0% GMP ahead of the listing hinted at a subdued debut.
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