The price range for Carraro India’s IPO is fixed at ₹668 to ₹704 per share. The company plans to raise ₹1,250 crore through this issue. The IPO will remain open for bidding until December 24, 2024. Here’s everything you need to know about this IPO in simple terms.
Key Highlights of Carraro India IPO
- Price Band and IPO Size
The price range for Carraro India’s IPO has been fixed between ₹668 and ₹704 per share. The company plans to generate ₹1,250 crore through this public offering. It is important to note that the entire IPO is an Offer for Sale (OFS), meaning the proceeds will go to the selling shareholders and not to the company. - Lot Size for Bidding
Investors can place bids in lots, with one lot consisting of 21 shares. To participate, you must apply for at least one lot, making the minimum investment ₹14,028 (21 shares at ₹668 each). - Subscription Details
The IPO witnessed a slow start on its opening day of subscription. The IPO was subscribed 0.01 times overall. The retail investor segment received subscriptions amounting to 0.02 times, while the Non-Institutional Investor (NII) category was subscribed at 0.01 times. - Grey Market Premium (GMP)
The Grey Market Premium (GMP) is a measure of the demand for shares before listing. As of today, Carraro India shares are trading at par in the grey market. This means there is no additional premium or discount being offered on the shares.
Important Dates to Remember
- IPO Closing Date: The IPO will close on December 24, 2024, at 5:00 PM.
- Share Allotment Date: The expected date for the share allotment is December 26, 2024.
- Listing Date: Shares are expected to list on December 31, 2024, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
If you are a long-term investor with a high-risk appetite, this IPO may be worth considering. However, for conservative or risk-averse investors, it might be better to wait for the shares to list and observe the market reaction before investing.
Key Points to Note
- The IPO price is set in the range of ₹668 to ₹704 per share.
- The IPO size is ₹1,250 crore, and it is entirely an Offer for Sale (OFS).
- The shares are presently trading at their face value in the grey market.
- The minimum bid size is 21 shares.
- The IPO closes on December 24, 2024.
Before making a decision, investors should assess their financial objectives and risk appetite. With careful planning and research, you can decide if the Carraro India IPO fits your investment strategy.
